Although these market statistics are about last month this information can give you some insight into overall market health. Listing inventory, days on market, absorption rates and percentage of sale price to list price, can help you predict future trends. Ask me how"
MAY MARKET MOVED FORWARD
VANCOUVER, B.C. – June 2 , 2017
Sales activity returned to near record levels across the Metro Vancouver housing market in May, with residential property sales in the region totalling 4,364 an increase of 22.8 per cent compared to April 2017, slightly less than the all-time-record from May 2016. Last month’s sales were 23.7 per cent above the 10-year May sales average and the third highest selling May on record. "Demand for condominiums and townhomes is driving today’s activity," said the Real Estate Board of Greater Vancouver (REBGV) President. Activity in the Attached home market often rolls into increased Detached sales activity. It will be interesting to see if history repeats itself. Let me know if you have any real estate questions 604-657-1480 always happy to help, and meanwhile you can click below to get the full report.
Overall Avarage Sale Prices RBGV