Found 2 blog entries tagged as Market Update.

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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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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