Dodi Thorhaug : Re/Max Dodi Thorhaug Realty

The Real Estate Board of Greater Vancouver reports that "In October home sales were more than one third above what's typical for this time of year yet the supply of homes for sale is the lowest we've seen in five years."  This activity has created some of the most favourable conditions for sellers in a very very long time.

Here are the hightlights

• We saw a 19.3% increase in residential property sales in October 2015 compared to October 2014
• October 2015's sales were 36.2% above the 10-year sales average for the month
• The October sales-to-active-listings ratio was 38.1% for all Metro Vancouver
• The October sales-to-active listings ratio for North Vancouver detached properties was 87.25%, 51% higher than Metro Vancouver
• The October sales-to-active listings ratio for North Vancouver condos & townhouses was 52%
• The October sales-to-active listings ratio for West Vancouver detached properties was 27.8%
• The October sales-to-active listings ratio for Coal Harbour condos was 30%
• Sales of detached properties in October 2015 were 13.1% higher than October 2014 and 34.7% higher than October 2013
• Sales of apartment properties in October 2015 were 21.7% higher than October 2014 and 40.5% higher than October 2013
• Sales of attached properties in October 2015 were 28.6% higher than October 2014 and 34.3% higher than October 2013

Click here for your full report: REBGV Metro Vancouver October 2015 Residential Sales

If you have any question on how to captialize on the current trends in your micro market, we'd love to talk to you! 604.644.3634

Dodi and Rachael

*Areas covered in the Real Estate Board of Greater Vancouver's report include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta