Market update

Monthly Housing Market Update by Real Estate Board Greater Vancouver

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Vancouver housing market continues to see slightly elevated demand from home buyers, steady levels of supply from home sellers and incremental gains in home values depending on the area and property type.

The Real Estate Board of Greater Vancouver reports that residential property sales in  Vancouver reached 3,061 on the  MLS® in July 2014. This represents a 3.9 per cent increase compared to the 2,946 sales recorded in July 2013, and a 10.1 per cent decline compared to the 3,406 sales in June 2014.

"This is the fourth consecutive month that the Greater Vancouver market has exceeded 3,000 sales,”  REBGV president-elect said. “Prior to this, our market had not surpassed the 3,000 sale mark since June of 2011.”

Last month’s sales were 3.8 per cent

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Consistent home sale and listing activity has allowed balanced market conditions to prevail in the Greater Vancouver housing market for most of 2013.

The Real Estate Board of Greater Vancouver reports that residential property sales in  Vancouver reached 2,321 on the  (MLS®) in November 2013. This represents a 37.7 per cent increase compared to the 1,686 sales recorded in November 2012, and a 12.8 per cent decline compared to the 2,661 sales in October 2013.

Last month’s sales were 1.2 per cent below the 10-year sales average for the month, while new listings were 1.5 per cent above the 10-year November average.

“We’ve seen steady and consistent trends the Vancouver housing market for much of this year,” REBGV president said. “This year’s

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Home sales activity in Vancouver housing market in September continues to far outpace September 2012, yet is in line with the region’s 10-year.

The Real Estate Board  reports that residential property sales in  Vancouver reached 2,483 on the MLS  in September 2013. This represents a 63.8 per cent increase compared to the 1,516 sales recorded in September 2012, and a 1.2 per cent decline compared to the 2,514 sales in August 2013.

Last month’s sales were 1 per cent below the 10-year sales average for the month, while new listings for the month were 3.5 per cent below the 10-year average.

“While sales are up considerably from last year, it’s important to note that September 2012 sales were among the lowest we’ve seen in nearly three decades,” the

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A higher home buyer demand and the supply of homes for sale has been having a stable impact on home prices in the Vancouver housing market this spring.  

Vancouver Board reports that residential property sales in Greater Vancouver reached 2,627 on the MLS in April 2013. This represents a 6.1 per cent decrease compared to the 2,799 sales recorded in April 2012, and an 11.9 per cent increase compared to the 2,347 sales in March 2013.

Last month’s sales equate to the lowest April total in the region since 2001 and 20.9 per cent below the 10-year sales average for the month.

“While the number of home sales remains below average, properties that are priced right are selling and we’re  seeing greater balance between buyer demand and the number of

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Home Price Statistics Can Be Misleading. Before you get excited over the latest national, regional, or local home prices as reported in the news media, wait a minute. The news reports either the average or the median (middle) home price for a given time period. And the numbers can be misleading.

  In some markets, the investors moved in immediately after the crash, buying every low priced home they could find to turn them into rental properties. Before long, buyers who wanted a home priced at the lower end of their market were out of luck. At the same time, high-end buyers were starting to become active once again.   And guess what that did to the average and the median in months to come? Naturally, it looked as if prices had risen. And of…
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