thumbAlthough 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, etc., can help you predict future trends.  Ask me how!




BUYERS TAKING THEIR TIME - FOR NOW


VANCOUVER, B.C. – December 4, 2018
 

The close of the year has returned us to a buyer's market for now. According to the Real Estate Board of Greater Vancouer, for all property types, the sales-to-active listings ratio for November 2018 is 13.1 per cent and by property type, the ratio is 8.9 per cent for detached homes, 14.7 per cent for townhomes, and 17.6 per cent for apartments. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. So if you are thinking of getting into the market, now might be the time for you - and if you are in and want to make a move, timing is everything and we should talk 604-657-1480! Want to get all the stats?  Click the link below...

 

REBGV Market Statistics - December 2018

Historical Interest Rates


Stats Centre Report - North Vancouver


Stats Centre Report - West Vancouver



North Vancouver 



North Vancouver 



North Vancouver 



North Vancouver 



West Vancouver


West Vancouver 



West Vancouver 



West Vancouver 



Overall Avarage Sale Prices RBGV