Not everyone took a vacation in August.  Buyers were out buying real estate in Metro Vancouver causing our August 2014 real estate market to be one of the highest it has during this month for the past five years! 

Watch the quick two minute video to learn about the Metro Vancouver real estate market and read thru the summary notes.

  • We are in a Seller's market for houses with 25.4% of the homes selling within a month and we are just teetering between a Balanced Market & Sellers Market for attached homes with 19.9% of the homes selling within a month.
  • Sales are up 7.3% from a year ago
  • Inventory is down -3.4% from a year ago.
  • The detached housing market has 4.5 months of inventory while our attached market has 5.5 months.
  • The…

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Summer is almost over and our Real Estate Market is still moving and is active despite it being a time when most people are on holidays ! I have analyzed all of the stats for July and here are some insights to our Fraser Valley Real Estate Market:

  • We are in a Seller's market for houses with 25.2% of the homes selling within a month and we are also in a Balanced Market for attached homes with 16.7% of the homes selling within a month.
  • Sales are up 10% from a year ago
  • Inventory is down -4.8% from a year ago.
  • The detached housing market has 4.3 months of inventory while our attached market has 5.6 months.
  • The average price of a house is $571,985
  • The average price of an attached home is $287,676.

If we compare from a year ago (July…

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Wow! Can you believe we are half way thru August! Our Real Estate Market is still moving and is active despite it being a time when most people are on holidays ! I have analyzed all of the stats for July and here are some insights to our Greater Vancouver real estate market:

  • We are in a Seller's market for houses with 38.1% of the homes selling within a month and we are also in a Seller's Market for attached homes with 22.1% of the homes selling within a month.
  • Sales are up 3% from a year ago
  • Inventory is down -11.3% from a year ago.
  • The detached housing market has 3.1 months of inventory while our attached market has 4.9 months.
  • The average price of a house is $702,214
  • The average price of an attached home is $330,042. 

If…

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Wow! Can you believe it's August! The weather has been fantastic and our Real Estate Market is still moving and is active despite it being a time when most people are on holidays ! I have analyzed all of the stats for July and here are some insights to our market right here in Metro Vancouver:

  • We are in a Seller's market for houses with 26.3% of the homes selling within a month and we have just entered a Seller's Market for attached homes with 20.3% of the homes selling within a month.
  • Sales are up 3.3% from a year ago
  • Inventory is down -3.6% from a year ago.
  • The detached housing market has 4.4 months of inventory while our attached market has 5.4 months.
  • The average price of a house is $1,197,496
  • The average price of an attached…

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It's Summer and the 2nd quarter of the year is done.  The weather is hot just like our Real Estate Market!

I have analyzed all of the stats for June as well as the 2nd Quarter and here are some insights to our market right here in the Fraser Valley:

  • We have entered a Seller's market for houses with 27% of the homes selling within a month and we are in a Balanced Market for attached homes with 17% of the homes selling within a month.
  • Sales are up 18.2% from a year ago
  • Inventory is down -1.7% from a year ago.
  • The detached housing market has 4.0 months of inventory while our attached market has 6.4 months.
  • The average price of a house is $568,77.
  • The average price of an attached home is $300,100.

If we compare from the start…

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it's Summer and the 2nd quarter of the year is done.  The sun is shinning and the blue skies are clear!  Both the weather and the Vancouver real estate market are phenomenal this time of the year!

I have analyzed all of the 2nd Quarter stats and calculated the June numbers.  Here are my insights:


  • We have entered a Seller's market for houses with 35% of the homes selling within a month and for attached homes with 25% of the homes selling within a month.
  • Sales for houses are up 37% and for attached homes they are up 26%.
  • Inventory is down -17% for houses and down -10% for attached homes.
  • The detached housing market has 3.2 months of inventory while our attached market has 4.2 months.
  • The average price of a house is $703,521.
  • The…

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it's Summer and the 2nd quarter of the year is done.  The sun is shinning and the blue skies are clear!  Both the weather and the Vancouver real estate market are phenomenal this time of the year!

I have analyzed the 2nd Quarter stats and here are my insights:

  • We have entered a Seller's market for houses with 28.5% homes selling within a month.  The attached market is at the tail end of a balanced market with 19.9% of the homes selling within the 1st month.
  • Sales for houses are up 27% and for attached homes they are up 23%.
  • Inventory is down -13% for houses and up 4% for attached homes.
  • The detached housing market has 3.8 months of inventory while our attached market has 5.5 months.
  • The average price of a house is $1,264,000.
  • The…

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The Spring market is in full swing!  Sales are up as we saw 1,424 homes sell in the month of May, which is up 16.8% from last May.  We are also seeing fewer homes for sale as the listing inventory is down by -3.4% when we compare the amount of homes that were on the market this May compared to the same time last year.

So for May 2014... we are at the top end of a "Balanced Market" because the list to sales ratio was 19.64%.  It is a "Balanced Market" when the ratio ranges from 15% to 20%.  It is deemed to be a "Buyer's Market" when we are below 15% and a "Seller's Market" when we are above 20%.

We finished May with 5.1 months of inventory.  Those inventory level tells us that prices are stable and are rising in some areas.  When inventory is…

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The Spring market is in full swing!  Sales are up as we saw 1,104 homes sell in the month of May, which is up 16.7% from last May.  We are also seeing fewer homes for sale as the listing inventory is down by -9.1% when we compare the amount of homes that were on the market this May compared to the same time last year.

So for May 2014... we entered a "Seller's Market" because the list to sales ratio was 23.14%.  It is a "Balanced Market" when the ratio ranges from 15% to 20%.  It is deemed to be a "Buyer's Market" when we are below 15% and a "Seller's Market" when we are above 20%.

We finished May with 4.3 months of inventory.  Those inventory level tells us that prices are rising.  When inventory is around 5 to 6 months, prices are stable and are…

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The Spring market is in full swing!  Sales are up as we saw 1,898 homes sell in the month of May, which is up 11.1% from last May.  We are also seeing fewer homes for sale as the listing inventory is down by -3.8% when we compare the amount of homes that were on the market this May compared to the same time last year.

So for May 2014... we experienced a "Seller's Market" because the list to sales ratio was 26.83%.  It is a "Balanced Market" when the ratio ranges from 15% to 20%.  It is deemed to be a "Buyer's Market" when we are below 15% and a "Seller's Market" when we are above 20%.

We finished May with 4.4 months of inventory.  Those inventory level tells us that prices are rising.  When inventory is around 5 to 6 months, prices are stable and…

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