The Real Estate Board of Greater Vancouver’s June numbers are in, and it’s still clearly a seller’s market out there. “While we’re starting to see more properties coming onto the market in recent months, the imbalance between supply and demand continues to influence market conditions,” said Dan Morrison, REBGV president.
While the sales-to-active listings ratio was lower last month than it has been since February, overall last month’s residential property sales were 28.1% above the 10-year sales average for June, totalling 4,400. It ranks as the highest selling June on record. “Since March, we’ve seen more homes listed for sale in our market than in any other four-month period this decade,” Morrison concluded.
June 2016 By The Numbers:
New Listings (detached, attached, and apartment): 5,875
1.2% increase from June 2015
6.6% decrease from May 2016
Total Active Listings on MLS®: 7,812
35.9% decline from June 2015
1.1% increase from May 2016
Sales-to-Active-Listings ratio: 56.3%
Benchmark price for all residential properties: $917,800
32.1% increase from June 2015
Benchmark price for a detached property: $1,561,500
38.7% increase from June 2015
Detached property sales: 1,562
18.6% decrease from June 2015
Benchmark price for apartment property: $501,100
25.3% increase from June 2015
Apartment property sales: 2,108
18.8% increase from June 2015
Benchmark price for an attached unit: $656,900
28.1% increase from June 2015
Attached property sales: 730
7.2% increase from June 2015
For a complete comparison, visit rebgv.org. Want to sell, buy, or require a consultation? Contact me today.
*REBGV Editor’s Note: Areas covered by Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.