Gary Serra : Blog : Latest Blog Posts

VANCOUVER REAL ESTATE MARKET UPDATE FOR JULY 2025

Tue, 19 Aug 2025 18:27:03 GMT

Home sales registered on the MLS® across Metro Vancouver in July extended the early signs of recovery that emerged in June, now down just two per cent from July of last year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,286 in July 2025, a two per cent decrease from the 2,333 sales recorded in July 2024. This was 13.9 per cent below the 10-year seasonal average (2,656).

There were 5,642 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2025. This represents a 0.8 per cent increase compared to the 5,597 properties listed in July 2024. This was 12.4 per cent above the 10-year seasonal average (5,018).

Analysts generally agree that downward pressure on home prices occur when the sales-to-active ratio dips below 12% which is referred to as a Buyer’s Market, whereas home prices experience upward pressure when it goes beyond 20%, also referred to as a Seller’s Market. A Balanced Market is between the two. Metro Vancouver is currently in a balanced market.

Across all detached, attached and apartment property types, the sales-to-active listings ratio for July 2025 is 13.8 per cent. By property type, the ratio is 10.2 per cent for detached homes, 16.7 per cent for attached, and 15.9 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,165,300. This represents a 2.7 per cent decrease over July 2024 and a 0.7 per cent decrease compared to June 2025.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR JUNE 2025

Tue, 19 Aug 2025 18:18:59 GMT

After a turbulent first half of the year, home sales registered on the MLS® across Metro Vancouver are showing emerging signs of a recovery, down ten per cent year-over-year – halving the decline seen last month.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,181 in June 2025, a 9.8 per cent decrease from the 2,418 sales recorded in June 2024. This was 25.8 per cent below the 10-year seasonal average (2,940).

There were 6,315 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2025. This represents a 10.3 per cent increase compared to the 5,723 properties listed in June 2024. This was 12.7 per cent above the 10-year seasonal average (5,604).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for June 2025 is 12.8 per cent. By property type, the ratio is 9.9 per cent for detached homes, 16.9 per cent for attached, and 13.9 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,173,100. This represents a 2.8 per cent decrease over June 2024 and a 0.3 per cent decrease compared to May 2025.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR MAY 2025

Tue, 19 Aug 2025 18:11:31 GMT

May saw inventory levels across Metro Vancouver reach another ten-year high, while home sales registered on the MLS® remained muted. 

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,228 in May 2025, an 18.5 per cent decrease from the 2,733 sales recorded in May 2024. This was 30.5 per cent below the 10-year seasonal average (3,206). 

There were 6,620 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in May 2025. This represents a 3.9 per cent increase compared to the 6,374 properties listed in May 2024. This was 9.3 per cent above the 10-year seasonal average (6,055). 

Across all detached, attached and apartment property types, the sales-to-active listings ratio for May 2025 is 13.4 per cent. By property type, the ratio is 10.2 per cent for detached homes, 17.4 per cent for attached, and 14.7 per cent for apartments. 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,177,100. This represents a 2.9 per cent decrease over May 2024 and a 0.6 per cent decrease compared to April 2025. 

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR APRIL 2025

Tue, 13 May 2025 17:44:39 GMT

The slowdown in home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver that began early this year continued in April, with sales down nearly 24 per cent year-over-year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,163 in April 2025, a 23.6 per cent decrease from the 2,831 sales recorded in April 2024. This was 28.2 per cent below the 10-year seasonal average (3,014).

There were 6,850 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in April 2025. This represents a 3.4 per cent decrease compared to the 7,092 properties listed in April 2024 and was 19.5 per cent above the 10-year seasonal average (5,731) for the month.

Across all detached, attached and apartment property types, the sales-to-active listings ratio for April 2025 is 13.8 per cent. By property type, the ratio is 9.9 per cent for detached homes, 17.5 per cent for attached, and 15.7 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,184,500. This represents a 1.8 per cent decrease over April 2024 and a 0.5 per cent decrease compared to March 2025.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR MARCH 2025

Tue, 13 May 2025 17:36:13 GMT

Home sales registered on the MLS® in Metro Vancouver* for the month of March were the lowest going back to 2019 for the same month, while active listings continue to their upward trend.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,091 in March 2025, a 13.4 per cent decrease from the 2,415 sales recorded in March 2024. This was 36.8 per cent below the 10-year seasonal average (3,308).

There were 6,455 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2025. This represents a 29 per cent increase compared to the 5,002 properties listed in March 2024. This was 15.8 per cent above the 10-year seasonal average (5,572).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for March 2025 is 14.9 per cent. By property type, the ratio is 10.3 per cent for detached homes, 21.5 per cent for attached, and 16.2 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,190,900. This represents a 0.6 per cent decrease over March 2024 and a 0.5 per cent increase compared to February 2025.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR FEBRUARY 2025

Tue, 13 May 2025 17:26:59 GMT

After a 46 per cent year-over-year increase of new listings in January, the number of newly listed properties on the MLS® in Metro Vancouver rose more moderately in February helping keep market conditions in balanced territory.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,827 on Metro Vancouver’s Multiple Listing Service® (MLS®) in February 2025, an 11.7 per cent decrease from the 2,070 sales recorded in February 2024. This total was 28.9 per cent below the 10-year seasonal average (2,571).

There were 5,057 detached, attached and apartment properties newly listed for sale on the MLS® in February 2025. This represents a 10.9 per cent increase compared to the 4,560 properties listed in February 2024. This was 11.6 per cent above the 10-year seasonal average (4,530).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for February 2025 is 14.8 per cent. By property type, the ratio is 10.7 per cent for detached homes, 18.5 per cent for attached, and 16.8 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,185,100. This represents a 0.3 per cent increase over February 2024 and a 0.9 per cent increase compared to January 2025.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR JANUARY 2025

Tue, 13 May 2025 16:49:57 GMT

Homes newly listed on the MLS® in Metro Vancouver rose 46 per cent year-over-year in January, as sellers appear eager to enter the market to start the year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,552 in January 2025, an 8.8 per cent increase from the 1,427 sales recorded in January 2024. This was 11.3 per cent below the 10-year seasonal average (1,749).

There were 5,566 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2025. This represents a 46.9 per cent increase compared to the 3,788 properties listed in January 2024. This was 31.1 per cent above the 10-year seasonal average (4,247).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for January 2025 is 14.1 per cent. By property type, the ratio is 9.2 per cent for detached homes, 18.5 per cent for attached, and 16.5 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,173,000. This represents a 0.5 per cent increase over January 2024 and a 0.1 per cent increase compared to December 2024.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR DECEMBER 2024

Thu, 16 Jan 2025 06:27:50 GMT

Home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver rose over thirty per cent in December, compared to the previous year, signalling strengthening demand-side momentum to close out 2024.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 26,561 in 2024, a 1.2 per cent increase from the 26,249 sales recorded in 2023, and a 9.2 per cent decrease from the 29,261 sales in 2022. Last year’s sales total was 20.9 per cent below the 10-year annual sales average (33,559).

There were 1,676 detached, attached and apartment properties newly listed for sale on the MLS® system in Metro Vancouver in December 2024. This represents a 26.3 per cent increase compared to the 1,327 properties listed in December 2023. This was 1.1 per cent below the 10-year seasonal average (1,695).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for December 2024 is 16.8 per cent. By property type, the ratio is 12.1 per cent for detached homes, 23.6 per cent for attached, and 18.7 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,171,500. This represents a 0.5 per cent increase over December 2023 and a 0.1 per cent decrease compared to November 2024.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR NOVEMBER 2024

Tue, 17 Dec 2024 18:38:37 GMT

Home sales registered in the MLS® in the Metro Vancouver market rose 28 percent year-over-year in November, building on the momentum of the 30 percent year-over-year increase seen in October.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,181 in November 2024, a 28.1 per cent increase from the 1,702 sales recorded in November 2023. This was 12.8 per cent below the 10-year seasonal average (2,500).

There were 3,725 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2024. This represents a 10.6 per cent increase compared to the 3,369 properties listed in November 2023. This was 5.4 per cent above the 10-year seasonal average (3,535).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for November 2024 is 17.1 per cent. By property type, the ratio is 12.7 per cent for detached homes, 23.1 per cent for attached, and 18.7 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,172,100. This represents a 0.9 per cent decrease over November 2023 and nearly unchanged compared to October 2024.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR OCTOBER 2024

Thu, 21 Nov 2024 18:07:48 GMT

After months of tracking approximately twenty per cent below the ten-year seasonal average, Metro Vancouver home sales surged more than 30 per cent year-over-year in October.

The Greater Vancouver REALTORS® (GVR) reports that residential sales registered on the Multiple Listing Service® (MLS®) in the region totalled 2,632 in October 2024, a 31.9 per cent increase from the 1,996 sales recorded in October 2023. This was 5.5 per cent below the 10-year seasonal average (2,784).

There were 5,452 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in October 2024. This represents a 16.9 per cent increase compared to the 4,664 properties listed in October 2023. This was 20 per cent above the 10-year seasonal average (4,545).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for October 2024 is 18.8 per cent. By property type, the ratio is 13.4 per cent for detached homes, 22.5 per cent for attached, and 22.2 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is $1,172,200. This represents a 1.9 per cent decrease over October 2023 and a 0.6 per cent decrease compared to September 2024.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR SEPTEMBER 2024

Mon, 21 Oct 2024 18:41:08 GMT

Home sales registered on the MLS® in Metro Vancouver1 declined 3.8 per cent year over year in September, suggesting recent reductions in borrowing costs are having a limited effect in spurring demand so far.

Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 1,852 in September 2024, a 3.8 per cent decrease from the 1,926 sales recorded in September 2023. This was 26 per cent below the 10-year seasonal average (2,502).

There were 6,144 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2024. This represents a 12.8 per cent increase compared to the 5,446 properties listed in September 2023. This was also 16.7 per cent above the 10-year seasonal average (5,266).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for September 2024 is 12.8 per cent. By property type, the ratio is 9.1 per cent for detached homes, 16.9 per cent for attached, and 14.6 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,179,700. This represents a 1.8 per cent decrease over September 2023 and a 1.4 per cent decrease compared to August 2024.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR AUGUST 2024

Mon, 21 Oct 2024 18:30:29 GMT

Home sales registered on the MLS® in Metro Vancouver remained below their ten-year seasonal averages in August as summer holidays come to a close.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,904 in August 2024, a 17.1 per cent decrease from the 2,296 sales recorded in August 2023. This total was also 26 per cent below the 10-year seasonal average (2,572).

There were 4,109 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2024. This represents a 4.2 per cent increase compared to the 3,943 properties listed in August 2023. This total was 1.7 per cent below the 10-year seasonal average (4,179).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for August 2024 is 14.3 per cent. By property type, the ratio is 9.6 per cent for detached homes, 18 per cent for attached, and 17.2 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,195,900. This represents a 0.9 per cent decrease over August 2023 and a 0.2 per cent decrease compared to July 2024.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR JULY 2024

Wed, 21 Aug 2024 20:52:13 GMT

Newly listed properties registered on the Multiple Listing Service® (MLS®) rose nearly twenty per cent year over year in July, helping to sustain a healthy level of inventory in the Metro Vancouver1 housing market.

On the demand side, the Greater Vancouver REALTORS®2 (GVR) reports that residential sales in the region totalled 2,333 in July 2024, a 5 per cent decrease from the 2,455 sales recorded in July 2023. This was 17.6 per cent below the 10-year seasonal average (2,831).

There were 5,597 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in July 2024. This represents a 20.4 per cent increase compared to the 4,649 properties listed in July 2023. This was also 12.7 per cent above the 10-year seasonal average (4,968).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for July 2024 is 16.9 per cent. By property type, the ratio is 12.8 per cent for detached homes, 20.1 per cent for attached, and 19.3 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,197,700. This represents a 0.8 per cent decrease over July 2023 and a 0.8 per cent decrease compared to June 2024.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR JUNE 2024

Wed, 21 Aug 2024 20:28:36 GMT

Metro Vancouver home sales registered on the MLS® remained below seasonal and historical averages in June. With reduced competition among buyers, inventory has continued to accumulate to levels not seen since the spring of 2019.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,418 in June 2024, a 19.1 per cent decrease from the 2,988 sales recorded in June 2023. This was 23.6 per cent below the 10-year seasonal average (3,166).

There were 5,723 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in June 2024. This represents a 7 per cent increase compared to the 5,347 properties listed in June 2023. This total is 3 per cent above the 10-year seasonal average (5,554).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for June 2024 is 17.6 per cent. By property type, the ratio is 13.1 per cent for detached homes, 21.1 per cent for attached, and 20.3 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,207,100. This represents a 0.5 per cent increase over June 2023 and a 0.4 per cent decrease compared to May 2024.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR MAY 2024

Wed, 26 Jun 2024 16:39:54 GMT

The number of transactions on the Multiple Listing Service® (MLS®) declined in May compared to what is typical for this time of year in Metro Vancouver. This shift has allowed the inventory of homes available for sale to continue to accumulate with over 13,000 homes now actively listed on the MLS® in the region.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,733 in May 2024, a 19.9 per cent decrease from the 3,411 sales recorded in May 2023. Last month’s sales total was also down 19.6 per cent from the 10-year seasonal average for May (3,398).

There were 6,374 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in May 2024. This represents a 12.6 per cent increase compared to the 5,661 properties listed in May 2023 and a seven per cent increase compared to the 10-year seasonal average (5,958).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for May 2024 is 20.8 per cent. By property type, the ratio is 16.8 per cent for detached homes, 25.1 per cent for attached, and 22.5 per cent for apartment properties.

The MLS® Home Price Index (HPI) composite benchmark price for all residential properties in Metro Vancouver is currently $1,212,000. This represents a 2.3 per cent increase over May 2023 and a 0.5 per cent increase compared to April 2024.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR APRIL 2024

Tue, 30 Apr 2024 23:58:42 GMT

Actively listed homes for sale on the MLS® in Metro Vancouver continued climbing in April, up 42 per cent year-over-year, breaching the 12,000 mark, a number not seen in the region since the summer of 2020.

Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,831 in April 2024, a 3.3 per cent increase from the 2,741 sales recorded in April 2023. This was 12.2 per cent below the 10-year seasonal average (3,223).

There were 7,092 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in April 2024. This represents a 64.7 per cent increase compared to the 4,307 properties listed in April 2023. This was 25.8 per cent above the 10-year seasonal average (5,637).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for April 2024 is 23.5 per cent. By property type, the ratio is 17.6 per cent for detached homes, 31.0 per cent for attached, and 26.0 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,205,800. This represents a 2.8 per cent increase over April 2023 and a 0.8 per cent increase compared to March 2024.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR MARCH 2024

Tue, 30 Apr 2024 23:58:29 GMT

The number of Metro Vancouver homes listed for sale on the MLS® rose nearly 23 per cent year-over-year, providing more opportunity for buyers looking for a home this spring.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,415 in March 2024, a 4.7 per cent decrease from the 2,535 sales recorded in March 2023. This was 31.2 per cent below the 10-year seasonal average (3,512).

There were 5,002 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2024. This represents a 15.9 per cent increase compared to the 4,317 properties listed in March 2023. This was 9.5 per cent below the 10-year seasonal average (5,524).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for March 2024 is 23.8 per cent. By property type, the ratio is 18.2 per cent for detached homes, 31.3 per cent for attached, and 25.8 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,196,800. This represents a 4.5 per cent increase over March 2023 and a 1.1 per cent increase compared to February 2024.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR FEBRUARY 2024

Tue, 30 Apr 2024 23:58:15 GMT

While Metro Vancouver home sellers appeared somewhat hesitant in January, new listings rose 31 per cent year-over-year in February, bringing a significant number of newly listed properties to the market.

Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,070 in February 2024, a 13.5 per cent increase from the 1,824 sales recorded in February 2023. This was 23.3 per cent below the 10-year seasonal average (2,699).

There were 4,560 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2024. This represents a 31.1 per cent increase compared to the 3,478 properties listed in February 2023. This was 0.2 per cent below the 10-year seasonal average (4,568).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for February 2024 is 22.4 per cent. By property type, the ratio is 16 per cent for detached homes, 27.9 per cent for attached, and 25.9 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,183,300. This represents a 4.5 per cent increase over February 2023 and a 1.9 per cent increase compared to January 2024.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR JANUARY 2024

Tue, 30 Apr 2024 23:49:21 GMT

While the Metro Vancouver market ended 2023 in balanced market territory, conditions in January began shifting back in favour of sellers as the pace of newly listed properties did not keep up with the jump in home sales.

TThe Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 1,427 in January 2024, a 38.5 per cent increase from the 1,030 sales recorded in January 2023. This was 20.2 per cent below the 10-year seasonal average (1,788).

There were 3,788 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2024. This represents a 14.5 per cent increase compared to the 3,308 properties listed in January 2023. This was 9.1 per cent below the 10-year seasonal average (4,166).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for January 2024 is 17.2 per cent. By property type, the ratio is 11.9 per cent for detached homes, 22.9 per cent for attached, and 19.9 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,161,300. This represents a 4.2 per cent increase over January 2023 and a 0.6 per cent decrease compared to December 2023.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR DECEMBER 2023

Tue, 30 Apr 2024 23:33:31 GMT

Metro Vancouver’s housing market closed out 2023 with balanced market conditions, but the year-end totals mask a story of surprising resilience in the face of the highest borrowing costs seen in over a decade.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 26,249 in 2023, a 10.3 per cent decrease from the 29,261 sales recorded in 2022, and a 41.5 per cent decrease from the 44,884 sales in 2021. Last year’s sales total was 23.4 per cent below the 10-year annual sales average (34,272).

There were 1,327 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in December 2023. This represents a 9.9 per cent increase compared to the 1,208 properties listed in December 2022. This was 22.7 per cent below the 10-year seasonal average (1,716).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for December 2023 is 16 per cent. By property type, the ratio is 11.1 per cent for detached homes, 18.7 per cent for attached, and 19.6 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,964,400. This represents a 7.7 per cent increase from December 2022 and a 0.9 per cent decrease compared to November 2023.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR NOVEMBER 2023

Wed, 27 Dec 2023 00:40:00 GMT

With one month left in 2023, a steady increase in housing inventory is offering home buyers across Metro Vancouver among the largest selection to choose from since 2021.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 1,702 in November 2023, a 4.7 per cent increase from the 1,625 sales recorded in November 2022. This was 33 per cent below the 10-year seasonal average (2,538).

There were 3,369 detached, attached, and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2023. This represents a 9.8 per cent increase compared to the 3,069 properties listed in November 2022. This was 2.8 percent below the 10-year seasonal average (3,464).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for November 2023 is 16.3 per cent. By property type, the ratio is 12.7 per cent for detached homes, 19.8 per cent for attached, and 18.2 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,185,100. This represents a 4.9 per cent increase over November 2022 and a one per cent decrease compared to October 2023.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR OCTOBER 2023

Tue, 28 Nov 2023 05:38:00 GMT

An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver, but sales remain below long-term averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 1,996 in October 2023, a 3.7 per cent increase from the 1,924 sales recorded in October 2022. This total is 29.5 per cent below the 10-year seasonal average (2,832) for October.

There were 4,664 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2023. This represents a 15.4 per cent increase compared to the 4,043 properties listed in October 2022 and is 4.8 per cent above the 10-year seasonal average (4,449) for the month.

Across all detached, attached and apartment property types, the sales-to-active listings ratio for October 2023 is 17.9 per cent. By property type, the ratio is 12.9 per cent for detached homes, 20.9 per cent for attached, and 21.5 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,196,500. This represents a 4.4 per cent increase over October 2022 and a 0.6 per cent decrease compared to September 2023.

The total sales for October 2023 were 1,977. This works out to 577 detached homes with a benchmark price of $2,001,400, 356 townhouses with a benchmark price of $1,100,500 and 1,044 apartments with a benchmark price of $770,200.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR SEPTEMBER 2023

Tue, 31 Oct 2023 20:11:49 GMT

Visit the original posting...

VANCOUVER REAL ESTATE MARKET UPDATE FOR AUGUST 2023

Fri, 29 Sep 2023 20:24:38 GMT

The month-over-month price gains seen earlier this year abated in the Metro Vancouver housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,926 in September 2023, a 13.2 per cent increase from the 1,701 sales recorded in September 2022. This was 26.3 per cent below the 10-year seasonal average (2,614).

There were 5,446 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2023. This represents a 28.4 per cent increase compared to the 4,243 homes listed in September 2022. This was 5.2 per cent above the 10-year seasonal average (5,179).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for September 2023 is 17.7 per cent. By property type, the ratio is 12.6 per cent for detached homes, 21.6 per cent for townhomes, and 21.3 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,203,300. This represents a 4.4 per cent increase over September 2022 and a 0.4 per cent decrease compared to August 2023.

The total sales for September 2023 were 1,912. This works out to 574 detached homes with a benchmark price of $2,017,100, 988 townhouses with a benchmark price of $768,500 and 352 apartments with a benchmark price of $1,098,400.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR JUNE 2023

Wed, 26 Jul 2023 01:05:00 GMT

Home prices continue to rise in Metro Vancouver’s housing market to kick off the summer

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,988 in June 2023, a 21.1 per cent increase from the 2,467 sales recorded in June 2022. This was 8.6 per cent below the 10-year seasonal average (3,269).

There were 5,348 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2023. This represents a 1.3 per cent increase compared to the 5,278 homes listed in June 2022. This was 3.1 per cent below the 10-year seasonal average (5,518).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for June 2023 is 31.4 per cent. By property type, the ratio is 20.9 per cent for detached homes, 38.5 per cent for townhomes, and 39.4 per cent for apartments.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,203,000. This represents a 2.4 per cent decrease over June 2022 and a 1.3 per cent increase compared to May 2023.

The total sales for June 2023 were 2,968. This works out to 8488 detached homes with a benchmark price of $1,991,300, 547 townhouses with a benchmark price of $1,098,900 and 1,573 apartments with a benchmark price of $767,000.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR APRIL 2023

Tue, 30 May 2023 21:40:42 GMT

Prices continue rising across Metro Vancouver as home buyer confidence returns.

The Real Estate Board of Greater Vancouver saw residential homes sales total 2,741 in April 2023, a 16.5% decrease from the 3,281 sales recorded in April 2022. Last month's sales total was 15.6% below the 10-year seasonal average (3,249).

Home listings on the Multiple Listing Service® (MLS®) in Metro Vancouver reached 4,307 in April 2023. This represents a 29.7% decrease compared to the 6,128 homes listed in April 2022 and a 22% below the 10-year seasonal average (5,525).

Broken down by property type, the sales-to-active ratio for April 2023 is 24.4% for detached homes, 40.1% for townhouses, and 37.4% for condos. This means that townhouses are in a Seller's Market, condos are in a Seller's Market and the detached sector is in a Seller's Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,170,700. This represents a 7.4% decrease over April 2022, and a 2.4% increase compared to March 2023.

The total sales for April 2023 were 2,721. This works out to 808 detached homes with a benchmark price of $1,915,800, 500 townhouses with a benchmark price of $1,078,400 and 1,413 apartments with a benchmark price of $752,300.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR MARCH 2023

Tue, 30 May 2023 21:06:30 GMT

Home prices across Metro Vancouver's housing market showed modest increases in March, while new listings remained below long-term historical averages.

The Real Estate Board of Greater Vancouver saw residential homes sales total 2,535 in March 2023, a 42.5% decrease from the 4,405 sales recorded in March 2022, and a 28.4% below the 10-year seasonal average (3,540).

Home listings on the Multiple Listing Service® (MLS®) in Metro Vancouver reached 4,317 in March 2023. This represents a 35.5% decrease compared to the 6,690 homes listed in March 2022 and 22.3% below the 10-year seasonal average (5,553).

Broken down by property type, the sales-to-active ratio for March 2023 is 23.3% for detached homes, 36.7% for townhouses, and 34.9% for condos. This means that townhouses are in a Seller's Market, condos are in a Seller's Market and the detached sector is in a Seller's Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,143,900. This represents a 9.5% decrease over March 2022, and a 1.8% increase compared to February 2023.

The total sales for March 2023 were 2,511. This works out to 734 detached homes with a benchmark price of $1,861,800, 466 townhouses with a benchmark price of $1,056,400 and 1,311 apartments with a benchmark price of $737,400.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR FEBRUARY 2023

Tue, 30 May 2023 20:29:40 GMT

February listing data show a continued reluctance among prospective home sellers to engage in Metro Vancouver's housing market, leading to below-average sales activity.

The Real Estate Board of Greater Vancouver saw residential homes sales total 1,808 in February 2023, a 47.2% decrease from the 3,424 sales recorded in February 2022, and a 76.9% decrease from the 1,022 homes sold in January 2023. Last month's sales total was 33% below the 10-year February sales average.

Home listings on the Multiple Listing Service® (MLS®) in Metro Vancouver reached 3,467 in February 2023. This represents a 36.6% decrease compared to the 5,471 homes listed in February 2022 and a 5.2% increase compared to January 2023 when 3,297 homes were listed.

Broken down by property type, the sales-to-active ratio for February 2023 is 16.8% for detached homes, 30.1% for townhouses, and 25.8% for condos. This means that townhouses are in a Seller's Market, condos are in a Seller's Market and the detached sector is in a Balanced Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,123,400. This represents a 9.3% decrease over February 2022, and a 1.1% increase compared to January 2023.

The total sales for February 2023 were 1,808. This works out to 1,010 detached homes with a benchmark price of $1,813,100, 366 townhouses with a benchmark price of $1,038,500 and 928 apartments with a benchmark price of $732,200.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR JANUARY 2023

Mon, 27 Feb 2023 18:14:51 GMT

Inventory remains low in Metro Vancouver while home sales dipped well below monthly historical averages in January.

The Real Estate Board of Greater Vancouver saw residential homes sales total 1,022 in January 2023, a 55.3% decrease from the 2,285 sales recorded in January 2022, and a 21.1% decrease from the 1,295 homes sold in December 2022. Last month's sales total was 42.9% below the 10-year January sales average.

Home listings on the Multiple Listing Service® (MLS®) in Metro Vancouver reached 3,297 in January 2023. This represents a 20.9% decrease compared to the 4,170 homes listed in January 2022 and a 173.4% increase compared to December 2022 when 1,206 homes were listed.

Broken down by property type, the sales-to-active ratio for January 2023 is 10.2% for detached homes, 13.4% for townhouses, and 16.7% for condos. This means that townhouses are in a Balanced Market, condos are in a Balanced Market and the detached sector is in a Buyer's Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,111,400. This represents a 6.6% decrease over January 2022, and a 0.3% decrease compared to December 2022.

The total sales for January 2023 were 1,022. This works out to 295 detached homes with a benchmark price of $1,801,300, 156 townhouses with a benchmark price of $1,020,400 and 571 apartments with a benchmark price of $720,700.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR DECEMBER 2022

Wed, 18 Jan 2023 18:19:53 GMT

Rising mortgage rates brought uncertainty and caution to Metro Vancouver's housing market in 2022. After seeing record sales and prices during the pandemic, Metro Vancouver’s housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation.

The Real Estate Board of Greater Vancouver saw residential homes sales total 28,903 in 2022 which is a 34.3% decrease from 43,999 sales recorded in 2021, and 6.6% decrease from the 30,944 homes sold in 2020. Last year's sales total was 13.4% below the 10-year sales average.

Home listings on the Multiple Listing Service® (MLS®) in Metro Vancouver reached 53,862 in 2022. This is a 13.5% decrease compared to the 62,265 homes listed in 2021 and a 0.8% decrease compared to the 54,305 homes listed in 2020. Last year's listings total was 3.2% below the region's 10-year average.

Broken down by property type, the sales-to-active ratio for December 2022 is 12.3% for detached homes, 19.5% for townhouses, and 21.7% for condos. This means that townhouses are in a Balanced Market, condos are in a Seller's Market as well and the detached sector is in a Balanced Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,114,300. This represents a 3.3 per cent decrease over December 2021, a 1.5 per cent decrease compared to November 2022, and a 9.8 per cent decrease over the past six months.

The total sales for November 2022 were 1,295. This works out to 371 detached homes with a benchmark price of $1,823,300, 222 townhouses with a benchmark price of $1,012,700 and 702 apartments with a benchmark price of $713,700.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR NOVEMBER 2022

Mon, 19 Dec 2022 19:19:00 GMT

Home sale and listing activity continue trending below long-term averages in November.

The Real Estate Board of Greater Vancouver saw residential homes sales total 1,614 in November 2022 which is a 52.9% decrease from this time last year (3,428) and a 15.2% decrease from the 1,903 homes sold in October 2022. Last month's sales were 36.9% below the 10-year November sales average.

Newly listed properties in November for Metro Vancouver reached 3,055 for all property types. This equates to a 22.9% decrease from November 2021 (3,964) and a 24.2% decrease compared to October 2022 (4,033).

Broken down by property type, the sales-to-active ratio for November 2022 is 13.2% for detached homes, 19.7% for townhouses, and 20.8% for condos. This means that townhouses are in a Balanced Market, condos are in a Seller's Market as well and the detached sector is in a Balanced Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,131,600 this represents a 0.6% decrease over November 2021.

The total sales for November 2022 were 1,614. This works out to 486 detached homes with a benchmark price of $1,856,800, 281 townhouses with a benchmark price of $1,027,900 and 847 apartments with a benchmark price of $720,500.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR OCTOBER 2022

Tue, 22 Nov 2022 17:36:25 GMT

Home sale activity across the Metro Vancouver housing market continued to trend well below historical averages in October.

The Real Estate Board of Greater Vancouver saw residential homes sales total 1,903 in October 2022 which is a 45.5% decrease from this time last year (3,494) and a 12.8% increase from the 1,687 homes sold in September 2022. Last month's sales were 33.3% below the 10-year October sales average.

Newly listed properties in October for Metro Vancouver reached 4,033 for all property types. This equates to a 0.4% decrease from October 2021 (4,049) and a 4.6% decrease compared to September 2022 (4,229).

Broken down by property type, the sales-to-active ratio for October 2022 is 14.3% for detached homes, 21.6% for townhouses, and 23.2% for condos. This means that townhouses are in a Seller's Market, condos are in a Seller's Market as well and the detached sector is in a Balanced Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,148,900 this represents a 2.1% increase over October 2021.

The total sales for October 2022 were 1,903. This works out to 575 detached homes with a benchmark price of $1,892,100, 333 townhouses with a benchmark price of $1,043,600 and 995 apartments with a benchmark price of $727,100.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR SEPTEMBER 2022

Mon, 24 Oct 2022 18:35:25 GMT

Metro Vancouver saw more home sellers and fewer buyers in September.

The Real Estate Board of Greater Vancouver saw residential homes sales total 1,687 in September 2022 which is a 46.4% decrease from this time last year (3,149) and a 9.8% decrease from the 1,870 homes sold in August 2022. Last month's sales were 35.7% below the 10-year September sales average.

Newly listed properties in September for Metro Vancouver reached 4,229 for all property types. This equates to a 18.2% decrease from September 2021 (5,171) and a 27.1% decrease compared to August 2022 (3,328).

Broken down by property type, the sales-to-active ratio for September 2022 is 12.4% for detached homes, 18.4% for townhouses, and 20.9% for condos. This means that townhouses are in a Seller's Market, condos are in a Seller's Market as well and the detached sector is in a Balanced Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,155,300 this represents a 3.9% increase over September 2021.

The total sales for September 2022 were 1,687. This works out to 525 detached homes with a benchmark price of $1,906,400, 274 townhouses with a benchmark price of $1,048,900 and 888 apartments with a benchmark price of $728,500.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR AUGUST 2022

Thu, 22 Sep 2022 17:44:35 GMT

Metro Vancouver's housing market is experiencing a quieter summer season marked by reduced sale and listing activity.

The Real Estate Board of Greater Vancouver saw residential homes sales total 1,870 for Augusgt 2022 which is a 40.7% decrease from this time last year (3,152) and a 09% decrease from the 1,887 homes sold in July 2022. Last month's sales were 29.2 below the 10-year August sales average.

Newly listed properties in August for Metro Vancouver reached 3,328 for all property types. This equates to a 17.5% decrease from August 2021 (4,032) and a 16% decrease compared to July 2022 (3,960).

Broken down by property type, the sales-to-active ratio for August 2022 is 12.2% for detached homes, 25.3% for townhouses, and 24.8% for condos. This means that townhouses are in a Seller's Market, condos are in a Seller's Market as well and the detached sector is in a Balanced Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,180,500 this represents a 7.4% increase over August 2021.

The total sales for August 2022 were 1,870. This works out to 517 detached homes with a benchmark price of $1,954,100, 355 townhouses with a benchmark price of $1,069,100 and 998 apartments with a benchmark price of $740,100.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR JULY 2022

Mon, 29 Aug 2022 20:09:02 GMT

Metro Vancouver's housing market has entered a new cycle marked by quieter home buyer demand and a gradual rise in the supply of homes for sale.

The Real Estate Board of Greater Vancouver saw residential homes sales total 1,887 for July 2022 which is a 43.3% decrease from this time last year (3,326) and a 22.8% decrease from the 2,444 homes sold in June 2022. Last month's sales were 35.2 below the 10-year July sales average.

Newly listed properties in May for Metro Vancouver reached 3,960 for all property types. This equates to a 9.5% decrease from July 2021 (4,377) and a 24.7% decrease compared to June 2022 (5,256).

Broken down by property type, the sales-to-active ratio for July 2022 is 11.8% for detached homes, 20% for townhouses, and 24.5% for condos. This means that townhouses are in a Seller's Market, condos are in a Seller's Market as well and the detached sector is in a Buyer's Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,207,400 this represents a 10.3% increase over July 2021.

The total sales for July 2022 were 1,887. This works out to 523 detached homes with a benchmark price of $2,000,600, 304 townhouses with a benchmark price of $1,096,500 and 1,060 apartments with a benchmark price of $755,000.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR MAY 2022

Tue, 21 Jun 2022 18:56:50 GMT

Spring ushers in calmer housing market trends in Metro Vancouver.

The Real Estate Board of Greater Vancouver saw residential homes sales total 2,918 for May 2022 which is a 31.6% decrease from this time last year (4,268) and a 9.7% decrease from the 3,232 homes sold in April 2022. Last month's sales were 12.9% below the 10-year May sales average.

Newly listed properties in May for Metro Vancouver reached 6,377 for all property types. This equates to a 4.4% increase from April 2022 (6,107) and a 10.5% decrease compared to May 2021 (7,125).

Broken down by property type, the sales-to-active ratio for April 2022 is 25.3% for detached homes, 47.1% for townhouses, and 45% for condos. This means that townhouses are in a high Seller's Market, condos are in a Seller's Market as well and the detached sector is still in a Seller's Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,261,100 this represents a 14.7% increase over May 2021.

The total sales for May 2022 were 2,918. This works out to 793 detached homes with a benchmark price of $2,093,600, 520 townhouses with a benchmark price of $1,141,200 and 1,605 apartments with a benchmark price of $779,700.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR APRIL 2022

Tue, 24 May 2022 20:09:27 GMT

Home buyer demand in Metro Vancouver returned to more historically typical levels in April.

The Real Estate Board of Greater Vancouver saw residential homes sales total 3,232 for April 2022 which is a 34.1% decrease from this time last year (4,908) and a 25.6% decrease from the 4,344 homes sold in March 2022. Last month's sales were 1.5% above the 10-year April sales average.

Newly listed properties in April for Metro Vancouver reached 6,107 for all property types. This equates to a 8.5% decrease from March 2022 (6,673) and a 23.1% decrease compared to April 2021 (7,938).

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,374,500 this represents a 18.9% increase over April 2021.

The total sales for April 2022 were 3,232. This works out to 962 detached homes with a benchmark price of $2,139,200, 578 townhouses with a benchmark price of $1,150,500 and 1,692 apartments with a benchmark price of $844,700.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR MARCH 2022

Fri, 22 Apr 2022 19:21:14 GMT

While down from last year's record numbers, home sale activity in Metro Vancouver's housing market remained elevated in March.

The Real Estate Board of Greater Vancouver saw residential homes sales total 4,344 for March 2022 which is a 23.9% decrease from this time last year (5,708) and a 26.9% increase from the 3,424 homes sold in February 2022. Last month's sales were 25.5% above the 10-year March sales average.

Newly listed properties in March for Metro Vancouver reached 6,673 for all property types. This equates to a 22% decrease from February 2022 (5,471) and a 19.5% decrease compared to March 2021 (8,287).

Broken down by property type, the sales-to-active ratio for March 2022 is 38.8% for detached homes, 73.3% for townhouses, and 70.3% for condos. This means that townhouses are in a high Seller's Market, condos are in a Seller's Market as well and the detached sector is still in a Seller's Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,360,500 this represents a 20.7% increase over March 2021.

The total sales for March 2022 were 4,344. This works out to 1,291 detached homes with a benchmark price of $2,118,600, 743 townhouses with a benchmark price of $1,138,300 and 2,310 apartments with a benchmark price of $835,500.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR FEBRUARY 2022

Fri, 18 Mar 2022 17:28:47 GMT

The Metro Vancouver housing market saw steady home sales activity, modest increases in home listings and continued upward trends in pricing in February.

The Real Estate Board of Greater Vancouver saw residential homes sales total 3,424 for February 2022 which is a 8.1% decrease from this time last year (3,727) and a 49.8% increase from the 2,285 homes sold in January 2022. Last month's sales were 26.9% above the 10-year February sales average.

Newly listed properties in February for Metro Vancouver reached 5,471 for all property types. This equates to a 31.2% increase from January 2022 (4,170) and a 8.4% increase compared to February 2021 (5,048).

Broken down by property type, the sales-to-active ratio for February 2022 is 34.9% for detached homes, 64.3% for townhouses, and 62.2% for condos. This means that townhouses are in a high Seller's Market, condos are in a Seller's Market as well and the detached sector is still in a Seller's Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,313,400 this represents a 20.7% increase over February 2021.

The total sales for February 2022 were 3,424. This works out to 1,010 detached homes with a benchmark price of $2,044,800, 560 townhouses with a benchmark price of $1,090,000 and 1,854 apartments with a benchmark price of $807,900.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR JANUARY 2022

Fri, 11 Feb 2022 18:42:18 GMT

The first month of 2022 saw home sales come down from last year's record setting pace, while low supply continued to cause home prices to edge higher across Metro Vancouver.

The Real Estate Board of Greater Vancouver saw residential homes sales total 2,285 for January 2022 which is a 4.4% decrease from this time last year (2,389) and a 15% decrease from the 2,688 homes sold in December 2021. Last month's sales were 25.3% above the 10-year January sales average.

Newly listed properties in January for Metro Vancouver reached 4,170 for all property types. This equates to a 6.9% decrease from January 2021 (4,480) and a 114.4% increase compared to December 2021 (1,945).

Broken down by property type, the sales-to-active ratio for January 2022 is 28% for detached homes, 51.6% for townhouses, and 49.7% for condos. This means that townhouses are in a high Seller's Market, condos are in a Seller's Market as well and the detached sector is still in a Seller's Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,255,200 this represents a 18.5% increase over January 2021.

The total sales for January 2022 were 2,285. This works out to 622 detached homes with a benchmark price of $1,953,000, 348 townhouses with a benchmark price of $1,029,500 and 1,195 apartments with a benchmark price of $775,700.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR DECEMBER 2021

Thu, 20 Jan 2022 18:19:39 GMT

Metro Vancouver home sales reached an all-time high in 2021 as housing needs remained a top priority for residents in the second year of the COVID-19 pandemic.

The Real Estate Board of Greater Vancouver saw residential homes sales total 2,688 for December 2021 which is a 13.1% decrease from this time last year (3,093) and a 21.6% decrease from November 2021 (3,428). Last month's sales were 33.4% above the 10-year December sales average.

Newly listed properties in December for Metro Vancouver reached 1,945 for all property types. This equates to a 50.9% decrease from November 2021 (3,964) and a 19.3% decrease compared to December 2020 (2,409).

Broken down by property type, the sales-to-active ratio for December is 35.1% for detached homes, 75.6% for townhouses, and 60.8% for condos. This means that townhouses are in a high Seller's Market, condos are in a Seller's Market as well and the detached sector is still in a Seller's Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,230,200 this represents a 17.3% increase over December 2020.

The total sales for December 2021 were 2,688. This works out to 794 detached homes with a benchmark price of $1,910,200, 430 townhouses with a benchmark price of $1,004,900 and 1,474 apartments with a benchmark price of $761,800.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR NOVEMBER 2021

Mon, 13 Dec 2021 19:28:31 GMT

As we near the end of 2021, home buyer demand remains well in excess of long-term averages and the supple of homes for sale continues to decline across Metro Vancouver's housing market.

The Real Estate Board of Greater Vancouver saw residential homes sales total 3,428 for November 2021 which is a 11.9% increase from this time last year (3,064) and a 1.9% decrease from October 2021 (3,494). Last month's sales were 33.6% above the 10-year November sales average.

Newly listed properties in November for Metro Vancouver reached 3,964 for all property types. This equates to a 2.1% decrease from October 2021 (4,049) and a 2.6% decrease compared to November 2020 (4,068).

Broken down by property type, the sales-to-active ratio for October is 33.8% for detached homes, 74.3% for townhouses, and 53.7% for condos. This means that townhouses are in a high Seller's Market, condos are in a Seller's Market as well and the detached sector is still in a Seller's Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,211,200 this represents a 16% increase over November 2020 and a 1% increase compared to October 2021.

The total sales for November 2021 were 3,428 This works out to 1,061detached homes with a benchmark price of $1,870,000, 613 townhouses with a benchmark price of $990,300 and 1,828 apartments with a benchmark price of $752,800.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR OCTOBER 2021

Mon, 22 Nov 2021 17:26:54 GMT

Home sale activity in Metro Vancouver remained above historical averages in October while the overall supply of homes for sale dipped to levels not seen in three years.

The Real Estate Board of Greater Vancouver saw residential homes sales total 3,494 for October 2021 which is a 5.2% decrease from this time last year (3,687) and a 11% increase from September 2021 (3,149). Last month's sales were 22.4% above the 10-year October sales average.

Newly listed properties in October for Metro Vancouver reached 4,049 for all property types. This equates to a 21.7% decrease from September 2021 (5,171) and a 27.3% decrease compared to October 2020 (5,571).

Broken down by property type, the sales-to-active ratio for October is 33.6% for detached homes, 64.4% for townhouses, and 46.7% for condos. This means that townhouses are in a high Seller's Market, condos are in a Seller's Market as well and the detached sector is still in a Seller's Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,199,400 this represents a 14.7% increase over October 2020 and a 1.1% increase compared to September 2021.

The total sales for October 2021 were 3,494. This works out to 1,090 detached homes with a benchmark price of $1,850,500, 603 townhouses with a benchmark price of $975,000 and 1,801 apartments with a benchmark price of $746,400.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR SEPTEMBER 2021

Sat, 09 Oct 2021 02:12:00 GMT

Home sale activity remains elevated across Metro Vancouver's housing market while the pace of homes being listed for sale continues to follow long-term averages.

The Real Estate Board of Greater Vancouver saw residential homes sales total 3,149 for September 2021 which is a 13.6% decrease from this time last year (3,643) and a 0.1% decrease from August 2021 (3,152). Last month's sales were 20.8% above the 10-year September sales average.

Newly listed properties in September for Metro Vancouver reached 5,171 for all property types. This equates to a 28.2% increase from August 2021 (4,032) and a 19.2% decrease compared to September 2020 (6,402).

Broken down by property type, the sales-to-active ratio for September is 25.5% for detached homes, 53.1% for townhouses, and 36.7% for condos. This means that townhouses are in a high Seller's Market, condos are in a Seller's Market as well and the detached sector is still in a Seller's Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,186,100, this represents a 13.8% increase over September 2020 and a 0.8% increase compared to August 2021.

The total sales for September 2021 were 3,149. This works out to 950 detached homes with a benchmark price of $1,828,200, 578 townhouses with a benchmark price of $963,800 and 1,621 apartments with a benchmark price of $736,800.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR AUGUST 2021

Tue, 21 Sep 2021 17:20:16 GMT

While home buyers have remained active in Metro Vancouver throughout the summer, the supply of homes for sale has declined steadily since June.

The Real Estate Board of Greater Vancouver saw residential homes sales total 3,152 for August 2021 which is a 3.4% increase from this time last year (3,047) and a 5.2% decrease from July 2021 (3,326). Last month's sales were 20.4% above the 10-year August sales average.

Newly listed properties in August for Metro Vancouver reached 4,032 for all property types. This equates to a 7.9% decrease from July 2021 (4,377) and a 30.6% decrease compared to August 2020 (5,813).

Broken down by property type, the sales-to-active ratio for August is 25.3% for detached homes, 51.8% for townhouses, and 39.2% for condos. This means that townhouses are in a high Seller's Market, condos are in a Seller's Market as well and the detached sector is still in a Seller's Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,176,600, this represents a 13.2% increase over August 2020 and a 0.1% increase compared to July 2021.

The total sales for August 2021 were 3,152. This works out to 945 detached homes with a benchmark price of $1,807,100, 576 townhouses with a benchmark price of $952,600 and 1,631 apartments with a benchmark price of $735,100.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR JULY 2021

Tue, 17 Aug 2021 16:20:44 GMT

Metro Vancouver's housing market saw more moderate sales, listings and pricing trends in July compared to the heightened activity experienced throughout much of the pandemic.

The Real Estate Board of Greater Vancouver saw residential homes sales total 3,326 for July 2021 which is a 6.3% increase from this time last year (3,128) and a 11.6% decrease from June 2021 (3,762). Last month's sales were 13.3% above the 10-year July sales average.

Newly listed properties in July for Metro Vancouver reached 4,377 for all property types. This equates to a 25.5% decrease from June 2021 (5,849) and a 26.4% decrease compared to July 2020 (5,948).

Broken down by property type, the sales-to-active ratio for July is 25.5% for detached homes, 47.8% for townhouses, and 37.3% for condos. This means that townhouses are in a Seller's Market, condos are in a Seller's Market as well and the detached sector is still in a Seller's Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,175,500 and is unchanged from June 2021.

The total sales for July 2021 were 3,060. This works out to 1,050 detached homes with a benchmark price of $1,801,100, 610 townhouses with a benchmark price of $949,400 and 1,400 apartments with a benchmark price of $736,900.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR JUNE 2021

Wed, 14 Jul 2021 00:55:00 GMT

While still elevated, home sale and listing activity in Metro Vancouver has eased back from the record-setting pace seen in March and April of this year.

The Real Estate Board of Greater Vancouver saw residential homes sales total 3,762 for June 2021 which is a 54% increase from this time last year (2,443) and a 11.9% decrease from May 2021 (4,268). Last month's sales were 18.4% above the 10-year June sales average.

Newly listed properties in June for Metro Vancouver reached 5,849 for all property types. This equates to a 17.9% decrease from May 2021 (7,125) and a 1.1% increase compared to June 2020 (5,787).

Broken down by property type, the sales-to-active ratio for June is 27.4% for detached homes, 49.2% for townhouses, and 37.1% for condos. This means that townhouses are in a Seller's Market, condos are in a Seller's Market as well and the detached sector is still in a Seller's Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,175,100 This represents a 0.2% increase over May 2021.

The total sales for June 2021 were 3,762. This works out to 1,262 detached homes with a benchmark price of $1,801,100, 726 townhouses with a benchmark price of $946,900 and 1,774 apartments with a benchmark price of $737,600.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR MAY 2021

Tue, 22 Jun 2021 16:28:29 GMT

Visit the original posting...

VANCOUVER REAL ESTATE MARKET UPDATE FOR APRIL 2021

Wed, 19 May 2021 20:57:57 GMT

The Metro Vancouver housing market saw steady home sale and listing activity in May, a shift back from the record-breaking activity seen in the earlier spring months.

The Real Estate Board of Greater Vancouver saw residential homes sales total 4,268 for May 2021 which is a 187.4% increase from this time last year (1,485) and a 13% decrease from April 2021 (4,908). Last month's sales were 27.7% above the 10-year May sales average.

Newly listed properties in May for Metro Vancouver reached 7,125 for all property types. This equates to a 10.2% decrease from April 2021 (7,938) and a 93.4% increase compared to May 2020 (3,684).

Broken down by property type, the sales-to-active ratio for April is 29.8% for detached homes, 53.8% for townhouses, and 43.5% for condos. This means that townhouses are in a Seller's Market, condos are in a Seller's Market as well and the detached sector is still in a Seller's Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,172,800. This represents a 1.5% increase over April 2021.

The total sales for May 2021 were 4,279. This works out to 1,430 detached homes with a benchmark price of $1,800,600, 800 townhouses with a benchmark price of $936,300 and 2,049 apartments with a benchmark price of $737,100.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!

VANCOUVER REAL ESTATE MARKET UPDATE FOR MARCH 2021

Mon, 12 Apr 2021 03:27:00 GMT

Home buyer and seller activity reached unprecedented levels across Metro Vancouver in March.

The Real Estate Board of Greater Vancouver saw residential homes sales total 5,708 for March 2021 which is a 126.1% increase from this time last year (2,524) and a 53.2% increase from February 2021 (3,727). Last month's sales were 72.2% above the 10-year March sales average.

Newly listed properties in March for Metro Vancouver reached 8,287 for all property types. This equates to a 86.8% increase from February 2021 (5,048) and a 86.8% increase compared to March 2020 (4,436).

Broken down by property type, the sales-to-active ratio for March is 52.9% for detached homes, 79.9% for townhouses, and 65.4% for condos. This means that townhouses are in a Seller's Market, condos are in a Seller's Market as well and the detached sector is still in a Seller's Market.

The Real Estate Board of Greater Vancouver reports that the composite benchmark price is currently above $1 million at $1,123,300. This represents a 3.6% increase over February 2021.

The total sales for March 2021 were 5,708. This works out to 1,965 detached homes with a benchmark price of $1,700,200, 1,046 townhouses with a benchmark price of $872,200 and 2,697 apartments with a benchmark price of $715,800.

Ready to jump into the market? Whether you’re looking to buy, sell, or learn more about what this means for you, reach out to us today!