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Real Estate Statistics

Buyer demand increases while home prices edge up


VANCOUVER, B.C. – July 3, 2014


The Greater Vancouver housing market enters the summer season with home buyer activity on the rise.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in

Greater Vancouver reached 3,406 on the Multiple Listing Service® (MLS®) in June 2014. This

represents a 28.9 per cent increase compared to the 2,642 sales recorded in June 2013, and a 3.7

per cent increase compared to the 3,286 sales in May 2014.


Last month’s sales were 0.6 per cent above the 10-year sales average for June of 3,386.

“Competition amongst home buyers today is as strong as it’s been in the region since 2011,” Ray

Harris, REBGV president said.


The sales-to-active-listings ratio currently sits at 21.3 per cent in Greater Vancouver, which is the

highest this measure has been since June 2011.


“Over the last three years, we’ve seen changes in demand yet home prices at the regional level

have remained relative stability,” Harris said. “While these numbers provide high level trends,

it’s important to know that changes in prices always vary depending on neighbourhood and

property type. Consult your local REALTOR® for information on trends in your area of choice.”


The MLS® Home Price Index composite benchmark price for all residential properties in Metro

Vancouver is currently $628,200. This represents a 4.4 per cent increase compared to June 2013.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,339

in June. This represents a 9.5 per cent increase compared to the 4,874 new listings in June 2013

and a 10.1 per cent decline from the 5,936 new listings in May. Last month’s new listing count

was 2.6 per cent below the region’s 10-year new listing average for the month.


The total number of properties currently listed for sale on the MLS® system in Greater

Vancouver is 16,011, a 7.4 per cent decline compared to June 2013 and a 0.4 per cent decrease

compared to May 2014.


Sales of detached properties in June 2014 reached 1,462, an increase of 32.7 per cent from the

1,102 detached sales recorded in June 2013, and a 58.7 per cent increase from the 921 units sold

in June 2012. The benchmark price for detached properties increased 6.2 per cent from June

2013 to $976,700.


Sales of apartment properties reached 1,308 in June 2014, an increase of 22.5 per cent compared

to the 1,068 sales in June 2013, and a 27.5 per cent increase compared to the 1,026 sales in June

2012. The benchmark price of an apartment property increased 2.4 per cent from June 2013 to

$378,000.


Attached property sales in June 2014 totalled 636, a 34.7 per cent increase compared to the 472

sales in June 2013, and a 53.3 per cent increase over the 415 attached properties sold in June

2012. The benchmark price of an attached unit increased 3.1 per cent between June 2013 and

2014 to $471,200.


- Souce: Real Estate Board of Greater Vancouver Monthly Statistics


Spring buyers and sellers emerge in the Greater Vancouver

housing Market


VANCOUVER, B.C. – May 2, 2014


Home buyers and sellers became more active in the Greater Vancouver housing market in April.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in

Greater Vancouver reached 3,050 on the Multiple Listing Service® (MLS®) in April 2014. This

represents a 16.1 per cent increase compared to the 2,627 sales recorded in April 2013, and a

15.5 per cent increase compared to the 2,641 sales in March 2014.


Last month’s sales were 5.2 per cent below the 10-year sales average for April of 3,217.


The sales-to-active-listings ratio currently sits at 19.7 per cent in Greater Vancouver, which is the

highest this measure has been since June 2011.


“We saw steady increases in home seller and buyer activity in April, which is typically the case

in the spring months,” Ray Harris, REBGV president said. “People often look to buy or sell their

home this time of year as the school year draws to a close and the summer holiday season is still

a few months away,” Harris said.


New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,950

in April. This represents a 1.3 per cent increase compared to the 5,876 new listings in April 2013

and a 12.7 per cent increase from the 5,281 new listings in March. Last month’s new listing

count was 1.2 per cent higher than the region’s 10-year new listing average for the month.


The total number of properties currently listed for sale on the MLS® system in Greater

Vancouver is 15,515, a 7.3 per cent decline compared to April 2013 and a 7.2 per cent increase

compared to March 2014.


“Home prices in the region continue to show steady, yet modest, increases when compared to

last year,” Harris said.


The MLS® Home Price Index composite benchmark price for all residential properties in Metro

Vancouver is currently $619,000. This represents a 3.6 per cent increase compared to April 2013.

Sales of detached properties in April 2014 reached 1,336, an increase of 25.6 per cent from the

1,064 detached sales recorded in April 2013, and an 18.7 per cent increase from the 1,126 units

sold in April 2012. The benchmark price for detached properties increased 4.7 per cent from

April 2013 to $956,700


Sales of apartment properties reached 1,172 in April 2014, an increase of 11.4 per cent compared

to the 1,052 sales in April 2013, and a 1.5 per cent decline compared to the 1,190 sales in April

2012. The benchmark price of an apartment property increased 2.6 per cent from April 2013 to

$375,500.


Attached property sales in April 2014 totalled 542, a 6.1 per cent increase compared to the 511

sales in April 2013, and a 12.2 per cent increase over the 483 attached properties sold in April

2012. The benchmark price of an attached unit increased two per cent between April 2013 and

2014 to $464,400.


- Souce: Real Estate Board of Greater Vancouver Monthly Statistics



Home sales and listings continue to follow historical averages


VANCOUVER, B.C. – March 4, 2014


 In the first two months of 2014, the Greater Vancouver housing market has maintained the

steady pace set throughout 2013.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in

Greater Vancouver reached 2,530 on the Multiple Listing Service® (MLS®) in February 2014.

This represents a 40.8 per cent increase compared to the 1,797 sales recorded in February 2013,

and a 43.8 per cent increase compared to the 1,760 sales in January 2014.

 

Last month’s sales total mirrors the 10-year sales average for February of 2,547, with just 17

sales separating the two figures.

 

The sales-to-active-listings ratio currently sits at 18.9 per cent in Greater Vancouver, a 4.9 per

cent increase from last month.

 

“Home buyer demand picked up in February, which is consistent with typical seasonal patterns

in our housing market,” said Sandra Wyant, REBGV president. “We typically see home buyers

become more active in and around the spring months.”

 

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,700

in February. This represents a 2.8 per cent decline compared to the 4,833 new listings reported in

February 2013 and a 12.1 per cent decline from the 5,345 new listings in January. Last month’s

new listing count was 0.5 per cent below the region’s 10-year new listing average for the month.

 

The total number of properties currently listed for sale on the Greater Vancouver MLS® is

13,412, a 9.3 per cent decline compared to February 2013 and a 6.4 per cent increase compared

to January 2014.

 

“With the market continuing to perform at a steady, balanced pace, it’s important for home

sellers to ensure their homes are priced correctly for today’s conditions,” Wyant said.

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro

Vancouver is currently $609,100. This represents a 3.2 per cent increase compared to February

2013.

 

Sales of detached properties in February 2014 reached 1,032, an increase of 46.6 per cent from

the 704 detached sales recorded in February 2013, and a 6.3 per cent decrease from the 1,101

units sold in February 2012. The benchmark price for detached properties increased 3.5 per cent

from February 2013 to $932,900.

 

Sales of apartment properties reached 1,032 in February 2014, an increase of 35.8 per cent

compared to the 760 sales in February 2013, and a 1.2 per cent increase compared to the 1,020

sales in February 2012. The benchmark price of an apartment property increased 3.6 per cent

from February 2013 to $373,300.

 

Attached property sales in February 2014 totalled 466, an increase of 39.9 per cent compared to

the 333 sales in February 2013, and a 9.9 per cent increase from the 424 attached properties sold

in February 2012. The benchmark price of an attached unit increased 0.6 per cent between

February 2013 and 2014 to $458,300.



January 2014


The Greater Vancouver housing market maintained a consistent balance between demand and supply

throughout 2013.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached,

attached and apartment properties in 2013 reached 28,524, a 14 per cent increase from the 25,032

sales recorded in 2012, and an 11.9 per cent decrease from the 32,390 residential sales in 2011.

 

“Home sales quietly improved last year compared to 2012, although the volume of activity didn’t

compare to some of the record-breaking years we experienced over the last decade,” Sandra

Wyant, REBGV president said.

 

Last year’s home sale total ranks as the third lowest annual total for the region in the last ten

years, according to the region’s Multiple Listing Service® (MLS®).

 

The number of residential properties listed for sale on the MLS® in Metro Vancouver declined

6.2 per cent in 2013 to 54,742 compared to the 58,379 properties listed in 2012. Looking back

further, last year’s total represents an 8.1 per cent decline compared to the 59,539 residential

properties listed for sale in 2011. Last year’s listing count is on par with the 10 year average.

 

“It was a year of stability for the Greater Vancouver housing market,” Wyant, said. “Balanced

conditions allowed home prices in the region to remain steady, with just a modest increase over

the last 12 months.”

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro

Vancouver is currently $603,400. This represents a 2.1 per cent increase compared to December

2012.

 

December 2013

 

Residential property sales in Greater Vancouver totalled 1,953 in December 2013, an increase of

71 per cent from the 1,142 sales recorded in December 2012 and a 15.9 per cent decline

compared to November 2013 when 2,321 home sales occurred.

 

December sales were 8.1 per cent above the 10-year December sales average of 1,807.


New listings for detached, attached and apartment properties in Greater Vancouver totalled 1,856

in December 2013. This represents a 34.5 per cent increase compared to the 1,380 units listed in

December 2012 and a 42.8 per cent decline compared to November 2013 when 3,245 properties

were listed.

 

Sales of detached properties in December 2013 reached 762, an increase of 79.3 per cent from

the 425 detached sales recorded in December 2012, and a 21 per cent increase from the 630 units

sold in December 2011. The benchmark price for detached properties increased 2.5 per cent from

December 2012 to $927,000.

 

Sales of apartment properties reached 850 in December 2013, an increase of 68.7 per cent

compared to the 504 sales in December 2012, and an increase of 9.8 per cent compared to the

774 sales in December 2011.The benchmark price of an apartment property increased 1.8 per

cent from December 2012 to $367,800.

 

Attached property sales in December 2013 totalled 341, an increase of 60.1 per cent compared to

the 213 sales in December 2012, and a 34.3 per cent increase from the 254 attached properties

sold in December 2011. The benchmark price of an attached unit increased 1.2 per cent between

December 2012 and 2013 to $456,100.


~ Source: Real Estate Board of Greater Vancouver