The BIG picture - Sales & Inventory trends between November & December
Posted on Jan 21, 2019
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All stats derived from SnapStats.
All stats derived from SnapStats.
The SFU condo market after a strong years ends 2018 favouring buyers
Posted on Jan 14, 2019
In December the Burnaby Mountain SFU condo and townhouse real estate market was in a “buyer’s” market as sales continue to decline and buyers adopt a wait and see approach. Though the main drivers of the housing market remain strong, there continues to be an adjustment to the new mortgage rules and tax’s introduced in 2018 by the federal and provin...
Downtown condo market sees decrease in inventory & prices in December
Posted on Jan 14, 2019
Vancouver’s downtown condo and townhouse real estate market saw a 34% decrease in condo sales, an inventory decrease of 27%, and an decrease in sale prices of 7% in December compared to November.
Current trends put the downtown, Yaletown, and West End markets in a “balanced” market. Coal Harbour saw the least demand in December and is in a “Buyer’s...
Current trends put the downtown, Yaletown, and West End markets in a “balanced” market. Coal Harbour saw the least demand in December and is in a “Buyer’s...
Kitsilano condo market ends year with strong sales and activity
Posted on Jan 14, 2019
Vancouver’s westside neighbourhood of Kitsilano experienced strong sales activity in December amidst a general slowdown across Metro Vancouver. This has been a continuous trend for Kitsilano’s condo market over the past 5 months.
How do we know? List to Sales Ratio
- A buyer’s market has a 0-12% list to sales ratio
- A balanced market has a 12-20% list...
Looking back at Metro Vancouver real estate in 2018 & December Summary
Posted on Jan 04, 2019
Metro Vancouver* home sales in 2018 were the lowest annual total in the region since 2000.
The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties reached 24,619 on the Multiple Listing Service® (MLS®) in 2018, a 31.6 per cent decrease from the 35,993 sales recorded in 2017, and a 38.4 per...