VANCOUVER REAL ESTATE – STATISTICS PACKAGE FOR JANUARY 2012
SELCTION BROADENS AND DEMAND EASES TO KICK OFF 2012 IN THE GREATER VANCOUVER HOUSING MARKET
Vancouver, BC – Greater Vancouver home sellers were more active than buyers in January and overall home prices, according to the new MLS® Home Price Index (MLS® HPI), continued to experience more stability and less fluctuation compared to the beginning of 2011.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,577 on the Multiple Listing Service® (MLS®) in January 2012. This represents a 4.9% decrease compared to the 1,658 sales recorded in December 2011, a decrease of 13.3% compared to the 1,819 sales in January 2011 and an 18% decline from the 1,923 home sales in January 2010.
January sales in Greater Vancouver were the second lowest January total in the region since 2002, though only 146 sales below the 10-year average.
VANCOUVER REAL ESTATE – STATISTICS PACKAGE FOR DECEMBER 2011
BALANCED REAL ESTATE MARKET PREVAILED THROUGH MUCH OF 2011
The 2011 Greater Vancouver housing market began with heightened demand in regional hot spots and concluded with greater balance between seller supply and buyer demand.
The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2011 reached 32,390, a 5.9% increase from the 30,595 sales recorded in 2010, and a 9.2% decrease from the 35,669 residential sales in 2009. Last year’s home sale total was 6.3% below the ten-year average for annual Multiple Listing Service® (MLS®) sales in the region.
The number of residential properties listed for sale on the MLS® in Greater Vancouver increased 2.7% in 2011 to 59,549 compared to the 58,009 properties listed in 2010. Looking back further, last year’s total represents a 12.8% increase compared to the 52,869 residential properties listed in 2009. Last year’s listing total was 11.1% above the ten-year average for annual Multiple Listing Service® (MLS®) property listings in the region.
VANCOUVER REAL ESTATE – STATISTICS PACKAGE FOR NOVEMBER 2011
HISTORICALLY NORMAL ACTIVITY KEEPS THE GREATER VANCOUVER HOUSING MARKET IN A BALANCE STATE
The Greater Vancouver housing market saw relatively typical home sale and listing activity in November.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,360 in November. This represents a 5.9% decline compared to the 2,509 sales in November 2010 and a 1.9% increase compared to the 2,317 sales recorded in October 2011.
VANCOUVER REAL ESTATE – STATISTICS PACKAGE FOR OCTOBER 2011
GREATER VANCOUVER AT LOWER END OF BALANCED HOUSING MARKET
With a sales-to-active property listings ratio of 15%, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) system reached 2,317 in October, a 1 per cent decrease compared to the 2,337 sales in October 2010 and a 3.2% increase compared to the previous month. Those sales rank as the second lowest total for October over the last 10 years.
“Right now, prospective home buyers have a good selection of properties to choose from and more time to make decisions,” Rosario Setticasi, REBGV president said. “Home sellers should be mindful of local market conditions to ensure they are pricing their properties competitively.”
VANCOUVER REAL ESTATE – STATISTICS PACKAGE FOR SEPTEMBER 2011
HOME LISTINGS CONTINUE TO RISE IN THE GREATER VANCOUVER HOUSING MARKET
Consistent increases in property listings and fewer home sales over the summer months has helped move the Greater Vancouver housing market into the upper end of a buyers’ market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,246 in September, a 1.2% increase compared to the 2,220 sales in September 2010. Those sales also rank as the third lowest total for September over the last 10 years.
“There’s more competition amongst home sellers in today’s market, providing more options for prospective buyers,” Rosario Setticasi, REBGV president said.”Buyers now have more properties to choose from and more time to make decisions compared to the spring season.”
VANCOUVER REAL ESTATE – STATISTICS PACKAGE FOR AUGUST 2011
GREATER VANCOUVER HOME SALES TREND TOWARD BUYERS’ MARKET OVER SUMMER
August marked the third consecutive month that home sale activity in Greater Vancouver was below the 10-year average for the month. In contrast, home listing activity in the region has exceeded the 10-year norm every month since the beginning of the year.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, at- tached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,378 in August. This total represents an 8% increase compared to the 2,202 sales in August 2010, but also ranks as the third lowest total for August in the last 10 years.
“MLS® statistics continue to indicate that we’re in a balanced market,” Rosario Setticasi, REBGV president said. “However, with a sales-to-actives listings ratio of 15%, Greater Vancouver is in the lower end of a bal- anced market and has been trending toward a buyers’ market over the past three months.”
VANCOUVER REAL ESTATE – STATISTICS PACKAGE FOR MAY 2011
GREATER VANCOUVER MARKET HOLDS STEADY AND FAVOURS SELLERS IN MAY
Home sales remained at typical springtime levels on the Multiple Listing Service® (MLS®) in Greater Vancouver in May.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 3,377 in May 2011, a 7% increase compared to the 3,156 sales in May 2010 and a 4.7% increase compared to the 3,225 sales in April 2011.
Looking back further, last month’s residential sales are 8.1% below the ten-year average for sales in May. The three highest selling Mays ever recorded occurred in 2005, 2006 and 2007 when sales exceeded the 4,000 mark each year.
“With a sales to active listings ratio of 23%, conditions continue to favour sellers in the Greater Vancouver housing market, but activity has eased away from the near record-setting pace we saw in March,” Rosario Setticasi, REBGV president said.
VANCOUVER REAL ESTATE – STATISTICS PACKAGE FOR APRIL 2011
GREATER VANCOUVER HOUSING MARKET SEES TYPICAL SPRING ACTIVITY IN APRIL
Greater Vancouver saw a typical, solid month of residential home sales on the Multiple Listing Service® (MLS®) in April, in contrast to the near record pace witnessed in the two preceding months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 3,225 in April 2011, an 8.2% decrease compared to the 3,512 sales in April 2010 and a 21% decline compared to the 4,080 sales in March 2011.
Looking back further, last month’s residential sales represent an 8.8% increase over the 2,963 residential sales in April 2009, relatively unchanged compared to April 2008, and a 4.8% decline compared to the 3,387 sales in April 2007.
VANCOUVER REAL ESTATE – STATISTICS PACKAGE FOR MARCH 2011
HOME BUYERS AND SELLERS ENTER THE HOUSING MARKET AT NEAR RECORD PLACE IN MARCH
VANCOUVER, B.C. – April 4, 2011 Activity in the Greater Vancouver housing market continued to strengthen in March with both the number of homes sold and added to the region’s Multiple Listing Service® (MLS®) reaching near record levels.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 4,080 in March 2011. This represents a 31.7% increase compared to the 3,097 sales recorded in February 2011, an increase of 30.1%t compared to the 3,137 sales in March 2010 and an 80.1% increase from the 2,265 home sales in March 2009. The all-time sales record for March occurred in 2004 when 4,371 transactions were recorded.
VANCOUVER REAL ESTATE – STATISTICS PACKAGE FOR FEBRUARY 2011
REBGV REPORTS INCREASED HOUSING DEMAND IN FEBRUARY
VANCOUVER, B.C. – March 2, 2011 – Demand for detached homes continues to be strong across Greater Vancouver, with particularly high sales volumes occurring in Richmond and Vancouver Westside.
For the past two months, the number of properties listed for sale and those sold on the Multiple Listing Service® (MLS®) in Greater Vancouver outpaced the 10-year average in both categories. From a historical perspective, February’s 3,097 homes sales outpace the 2,742 home-sale average recorded in the region over the last ten years.
“We saw an increase in demand across our region last month as more buyers entered the market in advance of the spring season,” said Jake Moldowan, president of the Real Estate Board of Greater Vancouver (REBGV). “The intensity of this activity varied between communities. Our statistics tell us that single detached homes in Richmond and the west side of Vancouver remain the most sought after properties in our marketplace.”
VANCOUVER REAL ESTATE – STATISTICS PACKAGE FOR DECEMBER 2010
REAL ESTATE MARKET STABLE AT YEAR-END
VANCOUVER, B.C. – January 5, 2011 – The Greater Vancouver residential housing market entered three distinctive phases in 2010. Continued buoyancy from the post-recession recovery began the year, followed by a summer lull and, throughout the fall, a sustained period of stability.
The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2010 reached 30,595, a 14.2% decrease from the 35,669 sales recorded in 2009, but a 24.2% increase from the 24,626 residential sales in 2008. Last year’s number of housing sales was 10.3% below the ten-year average for annual Multiple Listing Service® (MLS®) sales in the region.
The number of residential properties listed for sale on the MLS® in Greater Vancouver increased 9.7% in 2010 to 58,009 compared to the 52,869 properties listed in 2009. Compared to 2008, last year’s total represents a 7.3% decline compared to the 62,561 residential properties listed in 2008. The number of properties added to the MLS® peaked in April and generally declined for the remainder of the year.
VANCOUVER REAL ESTATE – STATISTICS PACKAGE FOR NOVEMBER 2010
MLS® STATS SHOW MORE SALES, FEWER PROPERTY LISTINGS IN NOVEMBER
Greater Vancouver residential home sales improved in November compared to the previous four months, with the number of sales posted on the Multiple Listing Service® (MLS®) coming in slightly higher than the 10-year average for that month.
The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,509 in November 2010. This represents a 7.4 per cent increase compared to October 2010 and an 18.6 per cent decline from the 3,083 sales in November 2009.
Looking back further, last month’s residential sales represent a 187.1 per cent increase over the 874 residential sales in November 2008, a 13 per cent decline compared to November 2007’s 2,883 sales, and a 6.4 per cent increase compared to the 2,358 sales in November 2006.
VANCOUVER REAL ESTATE – STATISTICS PACKAGE FOR OCTOBER 2010
HOMES SALES REMAIN STEADY IN GREATER VANCOUVER
DOWNTOWN & YALETOWN – 609 Listings, 96 Solds
COAL HARBOUR – 228 Listings, 26 Solds
WEST END – 219 Listings, 42 Solds
VANCOUVER, B.C. – November 2, 2010 – Greater Vancouver home sales have remained steady over the past four months, indicating stability in the residential housing market. With the MLS® sales to active listing inventory ratio indicating a buyers market, properties appropriately priced are selling.
According to the MLSLink® Housing Price Index (HPI), the benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 4.6% to $579,349 in October 2010 from $553,702 in October 2009. Since June, however, residential home prices in Greater Vancouver have remained relatively un-changed, declining 0.2%.
