Summer holidays are over and it's back to school time.  Our Real Estate market has had one of the most active summer markets in nearly 10 years.  I have analyzed all of the stats from August and here are 5 things you should know about the real estate market in Metro Vancouver:

  1. Supply:  We had 5,365 properties listed thru the month of August which is down -39% from this time last year (August 2014) and another -6% from last month (July 2015). 
    If we look into those stats further.... we have 3.0 months of inventory for detached houses and 2.9 months of inventory for attached homes.
  2. Demand: 1,882 properties sold in August which is up +22% from this time last year (August 2014) but, is down -15% from last month (July 2015).
  3. Time:  The average…

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Hot times.... summer in the city!  Our Real Estate market has been enjoying a very active summer market.  I have analyzed all of the stats from July and here are 5 things you should know about the real estate market in Metro Vancouver:

  1. Supply:  We had 5,707 properties listed thru the month of July which is down -40% from this time last year (July 2014) and another -4% from last month (June 2015). 
    If we look into those stats further.... we have 2.7 months of inventory for detached houses and 2.8 months of inventory for attached homes.
  2. Demand: 2,170 properties sold in July which is up +27% from this time last year (July 2014) but, is down -11% from last month (June 2015).
  3. Time:  The average time for a detached house to sell was 16.3 days.  For…

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Hello summer!  Our kids our out of school and the real estate market in Vancouver market has seen one of the strongest June's in history.  I have analyzed all of the stats from June and here are 5 things you should know about the real estate market in Metro Vancouver:

  1. Supply:  We had 5,960 properties listed thru the month of June which is down -36.5% from this time last year (June 2014) and another -5.5% from last month (May 2015). 
    If we look into those stats further.... we have 2.2 months of inventory for detached houses and 2.5 months of inventory for attached homes.
  2. Demand: 2,415 properties sold in June which is up +26.3% from this time last year (June 2014) and is up -3.2% from last month (May 2015).
  3. Time:  The average time for a…

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It's May and our Real Estate market is booming! I have analyzed all of the stats from April and here are 5 things you should know about our real estate market right here in Metro Vancouver:

  1. Supply: We had 6,361 Active listings in April which is down -25.7% from April 2014.  Leaving us with only 2.2 months supply of houses and 3 months of supply for attached homes (condos, townhouses & 1/2 duplexes).

  2. Demand: 2,377 properties sold in April which is up +39% from April 2014.
  3. Prices: The average price of a house is $1,463,643 which is up +18.5% from April 2014 and the average price of an attached home is $509,425 which is up +4% from April 2014.
  4. Market Type: We are in a seller's market for houses with 55% of the houses selling within a…

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It's Spring and the real estate market in Vancouver market has been hopping!  I have analyzed all of the stats from May and here are 5 things you should know about the real estate market in Metro Vancouver:

  1. Supply:  We had 6,288 properties listed thru the month of May which is down -32.7% from this time last year (May 2014) and another -1.1% from last month (April 2015). 
    If we look into those stats further.... we have 2.5 months of inventory for detached houses and 2.6 months of inventory for attached homes.
  2. Demand: 2,302 properties sold in May which is up +21.3% from this time last year (May 2014) and is down -3.3% from last month (April 2015).
  3. Time:  The average time for a detached house to sell was 15.7 days.  For attached homes it was…

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It's officially Spring and our Real Estate Market is blooming! I have analyzed all of the stats from February and here are some insights to our market right here in Metro Vancouver:

  • We are in a very active Seller's market for houses with 46% of the homes selling within a month and we are also in a Seller's Market for attached homes with 29.0% of the homes selling within a month.
  • Sales are up 19.8% from last year and up 62.2% from last month!
  • Inventory is down -9.3% from last year and up 14.7% from last month.
  • The detached housing market has 2.9 months of inventory while our attached market has 4.1 months.
  • The average price of a house is $1,405,464 which is up 1.5% from last year and up 3.5% from last month
  • The average price of…

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  • We are in a Seller's market for houses with 24% of the homes selling within a month and we are in a Buyer's Market for attached homes with 13% of the homes selling within a month.
  • Sales are up 12.3% from a year ago!
  • Inventory is down -4.1% from a year ago.
  • The detached housing market has 4.5 months of inventory while our attached market has 8.2 months.
  • The average price of a house is $569,787
  • The average price of an attached home is $281,158.

If we compare from a year ago (November 2013):
Prices are up 4.8% for houses and down 1.2% for attached homes.

Now... there are some areas that are selling better than others just as some areas offer better buying opportunities.  Here are the three most expensive areas:

For Detached…

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  • We are in a Seller's market for houses with 36% of the homes selling within a month and we are also in a Seller's Market for attached homes with 24% of the homes selling within a month.
  • Sales are up 15% from a year ago!
  • Inventory is down -11.5% from a year ago.
  • The detached housing market has 3 months of inventory while our attached market has 4.5 months.
  • The average price of a house is $718,832
  • The average price of an attached home is $321,871.

If we compare from a year ago (November 2013):
Prices are up 9% for houses and up 1% for attached homes.

Now... there are some areas that are selling better than others just as some areas offer better buying opportunities.  Here are the three most expensive areas:

For Detached…

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November was another very busy month for real estate here in Vancouver.  In fact, it was one of the strongest November months we have seen in the last five years!  Here are some of the market insights:

  • We are in a Seller's market for houses with 29% of the homes selling within a month and we are also in a Seller's Market for attached homes with 20% of the homes selling within a month.
  • Sales are up 4.1% from a year ago!
  • Inventory is down -8.5% from a year ago.
  • The detached housing market has 3.9 months of inventory while our attached market has 5.6 months.
  • The average price of a house is $1,321,214
  • The average price of an attached home is $502,210.

If we compare from a year ago (November 2013):
Prices are up 11.1% for houses and…

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It's October and the weather is fantastic! Our Real Estate Market is moving and we are heading into a strong fall market! I have analyzed all of the stats for September and here are some insights to our : market right here in Metro Vancouver:

  • We are in a Seller's market for houses with 26.2% of the homes selling within a month and we are also in a Seller's Market for attached homes with 22.0% of the homes selling within a month.
  • Sales are up 18% from a year ago!
  • Inventory is down -4.6% from a year ago.
  • The detached housing market has 4.1 months of inventory while our attached market has 4.9 months.
  • The average price of a house is $1,280,643
  • The average price of an attached home is $484,781.

If we compare from a year ago…

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