Found 3 blog entries tagged as Greater Vancouver.

It's Autumn... the hockey season has started and the Blue Jays are making a run to take October!  The Vancouver real estate market is still going strong! Here are 5 things you should know about the real estate market in Greater Vancouver:

  1. Supply:  We had 3,081 properties listed thru the month of September which is down -36.6% from this time last year (September 2014) and down -3.4% from last month (August 2015). 
    If we look into those stats further.... we have 2.3 months of inventory for detached houses and 2.8 months of inventory for attached homes.
  2. Demand: 1,178 properties sold in September which is up +20.1% from this time last year (September 2014) and is down -1.2% from last month (August 2015).
  3. Time:  The average time for a 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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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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