News Release

FOR IMMEDIATE RELEASE:

Housing supply up, home sales and prices down in June VANCOUVER, BC – July 3, 2019 –With home buyer demand below long-term historical

averages in June, the supply of homes for sale continued to accumulate in Metro Vancouver*.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,077 in June 2019, a 14.4 per cent decrease from the 2,425 sales recorded in June 2018 and a 21.3 per cent decrease from the 2,638 homes sold in May 2019.

Last month’s sales were 34.7 per cent below the 10-year June sales average. This is the lowest total for the month since 2000.

“We’re continuing to see an expectation gap between home buyers and sellers in Metro Vancouver,” said Ashley Smith, REBGV president. “Sellers are often trying to get yesterday’s values for their homes while buyers are taking a cautious, wait-and-see approach.”

On the supply side, there were 4,751 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2019. This represents a 10 per cent decrease compared to the 5,279 homes listed in June 2018 and an 18.9 per cent decrease compared to May 2019 when 5,861 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 14,968, a 25.3 per cent increase compared to June 2018 (11,947) and a 1.9 per cent increase compared to May 2019 (14,685).

“Home buyers haven’t had this much selection to choose from in five years,” Smith said. “For sellers to be successful in today’s market, it’s important to work with your local REALTOR® to make sure you’re pricing your home for these conditions.”

For all property types, the sales-to-active listings ratio for June 2019 is 13.9 per cent. By property type, the ratio is 11.4 per cent for detached homes, 15.8 per cent for townhomes, and 15.7 per cent for apartments.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $998,700. This represents a 9.6 per cent decrease over June 2018 and a 0.8 per cent decrease compared to May 2019.

This is the first time the composite benchmark has been below $1 million since May 2017.

Sales of detached homes in June 2019 reached 746, a 2.6 per cent decrease from the 766 detached sales recorded in June 2018. The benchmark price for detached properties is $1,423,500. This represents a 10.9 per cent decrease from June 2018 and a 0.1 per cent increase compared to May 2019.

Sales of apartment homes reached 941 in June 2019, a 24.1 per cent decrease compared to the 1,240 sales in June 2018. The benchmark price of an apartment property is $654,700. This represents an 8.9 per cent decrease from June 2018 and a 1.4 per cent decrease compared to May 2019.

Attached home sales in June 2019 totalled 390, a 6.9 per cent decrease compared to the 419 sales in June 2018. The benchmark price of an attached unit is $774,700. This represents an 8.6 per cent decrease from June 2018 and a 0.6 per cent decrease compared to May 2019.

-30-

*Editor’s Note: Areas covered by the Real Estate Board of Greater Vancouver include Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

The real estate industry is a key economic driver in British Columbia. In 2018, 24,619 homes changed ownership in the Board’s area, generating $1.7 billion in economic spin-off activity and an estimated 11,720 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancouver totalled $26 billion in 2018.

The Real Estate Board of Greater Vancouver is an association representing more than 14,000 REALTORS® and their companies. The Board provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.rebgv.org.

For more information please contact:

Craig Munn

Manager, Communication
Real Estate Board of Greater Vancouver 604.730.3146
cmunn@rebgv.org

*

June 2019

Property Type

Area

Benchmark Price

Price Index

1 Month Change %

3 Month Change %

6 Month Change %

1 Year Change %

3 Year Change %

5 Year Change %

10 Year Change %

Residential / Composite

Lower Mainland

$946,900

260.6

-0.7%

-1.0%

-2.4%

-8.5%

12.5%

62.4%

95.2%

Greater Vancouver

$998,700

259.8

-0.8%

-1.4%

-3.3%

-9.6%

6.8%

55.6%

92.4%

Bowen Island

$976,500

211.7

1.1%

-1.1%

-2.5%

-5.5%

26.8%

66.4%

70.5%

Burnaby East

$934,900

259.3

-0.5%

-0.5%

-3.5%

-11.0%

6.4%

54.3%

91.9%

Burnaby North

$872,300

263.4

-0.9%

0.3%

-2.0%

-7.8%

10.9%

59.0%

95.1%

Burnaby South

$957,700

270.5

-1.5%

-2.4%

-3.5%

-10.6%

11.8%

60.9%

100.8%

Coquitlam

$890,000

264.0

-0.5%

-1.6%

-3.3%

-9.6%

13.1%

68.4%

106.3%

Ladner

$800,600

225.4

-0.4%

-0.5%

-4.6%

-7.5%

-4.8%

46.5%

73.3%

Maple Ridge

$758,400

241.5

-0.4%

0.8%

-1.2%

-6.8%

27.0%

76.8%

90.5%

New Westminster

$652,200

286.9

-1.2%

0.7%

-3.8%

-8.5%

27.7%

74.3%

107.0%

North Vancouver

$1,036,300

232.9

-0.2%

-0.6%

-2.2%

-9.3%

2.4%

50.4%

82.1%

Pitt Meadows

$751,800

273.3

1.6%

0.3%

-1.4%

-6.7%

35.2%

85.9%

106.4%

Port Coquitlam

$743,200

254.4

-0.4%

-0.3%

-1.0%

-8.7%

20.5%

72.7%

92.3%

Port Moody

$903,000

249.6

-0.3%

-0.2%

-2.0%

-9.2%

18.9%

69.1%

96.5%

Richmond

$910,500

270.7

-1.1%

-2.1%

-4.8%

-10.1%

4.8%

55.8%

97.4%

Squamish

$765,900

243.7

0.2%

1.4%

0.7%

-4.7%

22.8%

82.3%

95.6%

Sunshine Coast

$604,800

211.9

-0.1%

-0.8%

-2.5%

-4.1%

30.2%

69.7%

66.1%

T sawwassen

$931,600

233.5

0.6%

-0.2%

-3.8%

-7.7%

-6.5%

51.8%

78.8%

Vancouver East

$1,039,200

305.1

-1.4%

-2.7%

-3.4%

-9.8%

4.3%

55.6%

109.8%

Vancouver West

$1,216,100

253.4

-1.4%

-3.0%

-5.4%

-12.3%

-4.2%

41.2%

81.5%

West Vancouver

$2,105,300

231.8

1.8%

-1.1%

-5.4%

-14.9%

-19.2%

25.4%

87.1%

Whistler

$893,400

208.2

0.5%

2.2%

2.1%

-2.7%

30.7%

81.2%

67.0%

Single Family Detached

Lower Mainland

$1,223,300

259.4

-0.1%

-0.8%

-2.4%

-8.8%

-1.9%

53.3%

99.8%

Greater Vancouver

$1,423,500

261.9

0.1%

-1.2%

-4.0%

-10.9%

-9.2%

44.7%

98.3%

Bowen Island

$976,500

211.7

1.1%

-1.1%

-2.5%

-5.5%

26.8%

66.4%

70.5%

Burnaby East

$1,180,600

264.0

1.5%

2.2%

2.1%

-11.9%

-5.5%

50.1%

97.2%

Burnaby North

$1,399,800

270.7

-0.6%

-0.8%

-3.4%

-9.0%

-14.2%

40.5%

100.5%

Burnaby South

$1,496,100

286.4

-0.8%

-3.2%

-4.7%

-12.6%

-10.6%

47.1%

113.6%

Coquitlam

$1,166,100

258.8

0.2%

0.4%

-4.0%

-11.2%

-4.4%

55.6%

103.1%

Ladner

$960,000

231.4

-1.4%

0.6%

-0.5%

-3.8%

-8.0%

51.4%

81.8%

Maple Ridge

$824,200

234.8

0.2%

1.3%

0.0%

-6.4%

19.0%

74.8%

91.7%

New Westminster

$1,051,100

262.2

0.4%

1.2%

-0.6%

-11.6%

-4.0%

50.0%

94.4%

North Vancouver

$1,524,800

240.1

1.1%

0.7%

-1.4%

-9.0%

-9.3%

48.2%

91.0%

Pitt Meadows

$904,200

254.8

2.7%

-0.9%

-0.9%

-5.5%

18.9%

77.7%

99.5%

Port Coquitlam

$923,700

246.3

0.2%

0.3%

-2.5%

-10.3%

0.3%

60.5%

93.8%

Port Moody

$1,427,400

263.6

1.5%

1.8%

-3.9%

-8.0%

3.4%

59.1%

107.2%

Richmond

$1,484,600

287.6

-1.3%

-4.0%

-6.8%

-13.1%

-15.6%

45.3%

106.5%

Squamish

$954,000

251.4

0.7%

1.1%

-0.2%

-4.4%

16.6%

77.2%

102.3%

Sunshine Coast

$599,100

209.9

-0.2%

-0.9%

-2.4%

-4.6%

29.6%

69.3%

64.5%

T sawwassen

$1,171,700

252.3

1.5%

0.9%

-1.7%

-6.1%

-7.9%

58.5%

94.8%

Vancouver East

$1,350,100

300.3

0.2%

-2.8%

-5.9%

-12.1%

-10.7%

47.0%

119.5%

Vancouver West

$2,912,000

298.6

-0.5%

-3.8%

-7.0%

-14.0%

-17.8%

29.1%

107.8%

West Vancouver

$2,564,600

242.1

1.9%

-0.7%

-4.1%

-12.9%

-21.6%

23.9%

99.6%

Whistler

$1,575,100

219.1

-0.1%

3.0%

-1.2%

-1.3%

12.5%

57.7%

72.9%

HOW TO READ THE TABLE:

• Benchmark Price: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.
• Price Index: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales. • x Month/Year Change %: Percentage change of index over a period of x month(s)/year(s)

In January 2005, the indexes are set to 100.
Townhome properties are similar to Attached properties, a category that was used in the previous MLSLink HPI, but do not included duplexes. The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN.

*

* MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association

1 of 15

*

June 2019

Property Type

Area

Benchmark Price

Price Index

1 Month Change %

3 Month Change %

6 Month Change %

1 Year Change %

3 Year Change %

5 Year Change %

10 Year Change %

T ownhouse

Lower Mainland

$669,400

241.2

0.0%

0.9%

-2.1%

-7.4%

22.8%

64.8%

84.4%

Greater Vancouver

$774,700

248.6

-0.6%

0.3%

-2.9%

-8.6%

16.4%

59.2%

87.2%

Burnaby East

$644,300

238.0

-1.9%

-4.0%

-7.5%

-10.2%

24.5%

52.3%

77.9%

Burnaby North

$725,500

270.8

-0.7%

-0.1%

0.1%

-6.6%

23.4%

63.6%

92.5%

Burnaby South

$762,600

262.7

-2.4%

-2.2%

-3.6%

-10.9%

20.6%

59.4%

92.5%

Coquitlam

$657,300

241.2

-2.1%

2.9%

-1.6%

-7.7%

20.4%

63.2%

89.3%

Ladner

$638,200

227.0

1.2%

-2.0%

-10.9%

-14.5%

0.5%

37.8%

66.4%

Maple Ridge

$529,900

246.0

-2.8%

-0.8%

-4.1%

-7.7%

33.5%

74.3%

87.4%

New Westminster

$721,500

264.6

0.9%

-0.9%

-6.0%

-7.6%

16.8%

57.9%

95.7%

North Vancouver

$946,600

230.0

-0.7%

-0.6%

-4.8%

-9.8%

9.0%

53.7%

81.1%

Pitt Meadows

$609,400

263.7

0.6%

-0.1%

-4.2%

-8.2%

36.2%

89.2%

98.6%

Port Coquitlam

$642,400

243.2

0.0%

4.6%

1.4%

-6.6%

24.1%

69.7%

86.1%

Port Moody

$654,200

221.1

1.6%

2.8%

-1.0%

-4.6%

19.5%

57.3%

72.6%

Richmond

$779,200

255.8

0.3%

-0.8%

-5.0%

-9.1%

10.6%

54.3%

91.3%

Squamish

$684,600

225.1

-1.3%

1.4%

1.4%

-8.7%

26.5%

82.1%

85.6%

T sawwassen

$618,100

243.3

-0.1%

-2.2%

-10.9%

-13.0%

6.3%

46.0%

78.4%

Vancouver East

$861,500

276.0

-1.4%

0.0%

-1.1%

-9.7%

14.0%

49.8%

93.1%

Vancouver West

$1,125,800

263.2

0.9%

1.5%

-1.6%

-8.4%

4.5%

52.7%

95.1%

Whistler

$881,000

212.4

0.0%

0.3%

1.1%

-8.9%

30.9%

87.8%

75.1%

Apartment

Lower Mainland

$643,100

270.4

-1.5%

-1.8%

-2.5%

-8.7%

33.1%

74.2%

94.1%

Greater Vancouver

$654,700

261.7

-1.4%

-1.9%

-3.0%

-8.9%

25.6%

66.7%

89.2%

Burnaby East

$736,100

282.4

-1.6%

1.9%

-4.4%

-8.3%

26.5%

66.0%

99.0%

Burnaby North

$607,800

259.5

-1.2%

0.8%

-1.8%

-7.4%

36.4%

73.9%

95.1%

Burnaby South

$666,200

267.5

-1.5%

-2.2%

-2.8%

-9.6%

28.2%

72.0%

98.9%

Coquitlam

$514,600

282.4

-0.5%

-1.6%

-0.8%

-6.8%

43.4%

92.8%

118.7%

Ladner

$432,300

204.9

0.1%

0.0%

-6.4%

-8.2%

4.0%

37.7%

53.9%

Maple Ridge

$355,200

253.6

1.3%

0.8%

-1.6%

-8.2%

51.8%

79.0%

80.2%

New Westminster

$520,000

294.6

-1.7%

0.6%

-4.4%

-8.3%

42.8%

83.7%

110.3%

North Vancouver

$552,400

225.3

-0.8%

-2.1%

-2.5%

-9.6%

21.7%

54.2%

72.9%

Pitt Meadows

$498,400

293.9

1.0%

1.2%

-0.9%

-8.4%

52.4%

89.4%

108.9%

Port Coquitlam

$446,500

267.0

-0.9%

-2.9%

-1.0%

-8.7%

47.3%

87.5%

90.7%

Port Moody

$619,800

258.3

-1.7%

-2.4%

-1.2%

-11.4%

39.1%

86.6%

104.5%

Richmond

$628,500

269.1

-1.5%

-1.4%

-3.1%

-8.0%

39.4%

72.1%

95.4%

Squamish

$512,100

252.4

1.2%

1.8%

2.6%

-0.3%

40.5%

118.2%

98.7%

T sawwassen

$460,300

194.1

-0.9%

-1.0%

-6.5%

-8.8%

6.0%

42.9%

45.8%

Vancouver East

$554,100

316.2

-2.7%

-3.2%

-2.1%

-7.9%

26.8%

66.9%

100.3%

Vancouver West

$744,300

241.5

-1.9%

-3.2%

-5.0%

-11.7%

6.4%

51.5%

74.0%

West Vancouver

$1,034,500

210.2

1.2%

-1.8%

-8.0%

-18.3%

12.1%

47.6%

60.6%

Whistler

$507,000

198.6

1.4%

3.4%

4.7%

1.8%

46.8%

100.6%

56.4%

HOW TO READ THE TABLE:

• Benchmark Price: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.
• Price Index: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales. • x Month/Year Change %: Percentage change of index over a period of x month(s)/year(s)

In January 2005, the indexes are set to 100.
Townhome properties are similar to attached properties, a category that was used in the previous MLSLink HPI, but do not included duplexes. Lower Mainland includes areas serviced by both Real Estate Board of Greater Vancouver & Fraser Valley Real Estate Board.
The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN.

*

* MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association

2 of 15

Jun 2019 Apr 2019 Feb 2019 Dec 2018 Oct 2018 Aug 2018 Jun 2018 Apr 2018 Feb 2018 Dec 2017 Oct 2017 Aug 2017 Jun 2017 Apr 2017 Feb 2017 Dec 2016 Oct 2016 Aug 2016 Jun 2016 Apr 2016 Feb 2016 Dec 2015 Oct 2015 Aug 2015 Jun 2015 Apr 2015 Feb 2015 Dec 2014 Oct 2014 Aug 2014 Jun 2014

C:\DATA\MonthEnd\Hpi\export\hi_res\gv-hpi2.tif

Greater Vancouver 5 Year Trend

Price Index

Jan 2005 HPI = 100

310

260

210

160

110

60

Residential

Detached

Townhouse

Apartment

Burnaby Coquitlam

Delta - South Islands - Gulf

Maple Ridge/Pitt Meadows New Westminster

North Vancouver Port Coquitlam

Port Moody/Belcarra Richmond

Squamish Sunshine Coast

Vancouver East Vancouver West

West Vancouver/Howe Sound Whistler/Pemberton

6

26 2019

MLS® SALES Facts

June 2019

60 80 40 5 81 26 82 27 11 90 17 Sales Apartment 128 64 18 0 31 67 87 28 19 118 11

May 2019

Apartment 154 98 25 0 Detached $1,310,000 $1,195,000 $1,027,500 n/a

45 93 106 54 24 133 12 $818,500 $1,122,400 $1,502,000 $925,000 $1,310,000 $1,530,000 $992,500 $521,500 n/a $1,010,000 $686,833 n/a $796,000 n/a $340,000 $505,000 $616,500 $415,000 $531,000 $528,000 n/a

9 142 319 11 21 $627,000 $1,397,500 $2,865,000 $2,649,286 n/a

1,246

June 2018

6 146 327 12 23

1,240

June 2019

Jan. -
Jun.2019
Median

589 $1,450,000

Year-to-date

Selling Price

Jan. -
Jun.2018
Median

Apartment 884 530 101 0 Detached $1,600,000 $1,335,000 $1,140,000 $415,000 Attached $789,900 $795,725 $719,450 n/a Apartment $605,000 $555,000 $535,000 n/a

373 539 569 238 154 965 $882,500 $1,262,500 $1,702,500 $1,020,000 $1,467,500 $1,745,000 $566,000 $775,000 $996,500 $703,674 $776,500 $873,900 $391,225 $513,000 $663,000 $447,500 $600,393 $585,000

83 $991,000 $695,000 $449,000

40 813 1,957 102 $649,450 $1,600,000 $3,200,000 $2,850,000 $442,500 $1,100,400 $1,390,000 $1,650,000 $399,900 $619,000 $832,000 $1,253,050

177 $2,092,500

Selling Year-to-date Price

$1,132,500 n/a $388,500

Number Detached
of Attached 52 32 10 1 44 4 33 22 12 62 11

44 85 60 30 8 746 5 43 41 5 13 390 5 87 254 8 16 941

Median Selling Price

Detached $1,440,000 $1,231,548 $989,394 Attached $763,000 $784,950 n/a Apartment $540,000 $530,000 n/a Detached

n/a $842,800 $1,002,500 $1,492,550 $917,500 n/a $1,315,000 n/a n/a $539,000 n/a $1,009,000 $668,500 n/a $736,944 n/a n/a $389,900 $518,800 $618,500 $410,000 n/a $512,000 n/a

$636,250 $1,444,000 $2,850,000 $2,703,500 n/a
n/a $973,000 $1,200,000 n/a n/a
n/a n/a $560,000 $710,900 n/a n/a
47 124 86 56 8
913

Number of Sales

67 71 38 7 111 26 105 41 23 82 21 Attached 58 35 16 0 54 8 45 36 15 55 17

6 60 55 4 15 479

Median Selling Price

Attached $750,900 $725,000 n/a n/a Apartment $600,000 $523,500 $501,123 n/a

n/a $1,031,500 $1,250,000 n/a n/a n/a n/a $562,000 $720,000 n/a $563,000
51 97 80 33 11
766

Number of Sales

56 62 36 3 78 29 80 47 11 81 11

Median Selling Price

Detached $1,450,000 $1,302,000 $1,095,500 n/a Attached $845,500 $774,500 n/a n/a

$883,000 $1,238,000 $1,638,000 $1,001,250 n/a $1,892,000 n/a $572,000 n/a $992,000 $694,000 n/a $901,250 n/a $398,450 $510,000 $651,500 $455,000 $564,000 $540,000 n/a

$667,000 $1,500,000 $3,000,000 $2,865,000 n/a $1,080,000 $1,252,500 n/a n/a $585,000 $798,500 n/a

n/a $945,000 $385,000

n/a

Number of Sales

$620,000 $537,500 $530,000 n/a
272 329 158 23 424 100 382 135 72 333 100 213 426 350 190 54

3,561 2,034 5,263

Number of Sales

346 407 206 21 579 132 402 189 66 429 99 276 546 391 168 72 Attached 315 174 60 1 255 75 196 129 90 416 95 52 244 259 25 139

4,329 2,525 7,525

Detached
Attached 53 22 16 0 35 8 37 22 14 65 15 Apartment 144 90 28 0 44 102 82 39 23 160 14

Apartment
Detached
Attached
Apartment
Detached
Attached $761,000 $768,900 $680,500 n/a Apartment $575,000 $521,500 $480,500 n/a Detached

241 177 70 1

257 43 173 119 60

243

82 33 209 219 18 89 59 43 566 1,360 53 113

700 390 74 0 $1,404,000 $1,198,500 $1,029,500 $715,000

179 407 430 172 128
$830,000 $1,085,400 $1,551,000 $915,000 $1,226,500
$525,000 $715,000 $1,010,000 $652,000 $755,400 $800,000 $368,000 $505,000 $616,250 $410,000 $550,000 $525,000

$983,500 $648,750 $440,000

$612,000 $1,382,000 $2,817,000 $2,510,000 $1,726,650
$469,000 $975,000 $1,249,500 n/a $1,014,500
n/a $424,900 $560,000 $735,500 $1,200,000 $430,000

Note: Median Selling Prices are not reported for areas with less than 20 sales or for the Gulf Islands

7 39 50 6 30 419

Burnaby Coquitlam

Delta - South Islands - Gulf

Maple Ridge/Pitt Meadows New Westminster

North Vancouver Port Coquitlam

Port Moody/Belcarra Richmond

Squamish Sunshine Coast

Vancouver East Vancouver West

West Vancouver/Howe Sound Whistler/Pemberton

6

26

2019

MLS® LISTINGS Facts

June 2019

Apartment
Detached
Attached
Apartment
Detached
Attached
Apartment
Detached
Attached
Apartment
Detached
Attached
103 Apartment 280 Detached 33% Attached 51% Apartment

34 0 67

149 192 72% 55% 25% 49% 45% 45% 50 196 24 91 198 225 52% 54% 33% 49% 47% 47% 59 186

56 25 255 39% 38% 42% 46% 39% 40% 50% 76% 46% 61 50 252

17 7 55% 41% 42% 19% 65% 71% 38 145 31 20 41 16 55% 32% 55% 30% 29% 56%

216 598 43% 34% 67% 36% 40% 42% 227 220 103 144 275 689 55% 39% 58% 38% 52% 46%

35 33 24% 44% 33% 45% 23% 48% 168 29 12 28 49 28 33% 28% 33% 54% 22% 75% 176 32

2,101

May 2019

% Sales to Listings

53 40% 52% 47%

0 59 47% 45% n/a 53% n/a 76%

66 67% 63% 82%

39 336 46% 33% 44% 33% 62% 40%

June 2018

312 30% 53% 51%

20 30% 54% 70%

9 270 616
52% 39% 34%
58% 45% 41%
67% 54% 53%
618 1,195 1,235 871 132

2,269

Jan. - Jun. 2019

Apartment
Detached
Attached
Apartment
Detached
Attached
565 359 Apartment

102 1,361
34% 36%
37% 46%
42% 42%
569 1,535 1,543 1,012 140

Year-to-date*

Listings

Jan. - Jun. 2018

% Sales to Listings

Detached Attached Apartment

1,417 869 31% 39% 56% 48% 62% 61%

174 35% 68% 58%

0 471 30% 53% 9% 63% n/a 79%

49% 36% 47% 33% 64% 54% 57% 61% 68% 64% 68% 65%

49% 36% 64% 49% 83% 59%

25% 17% 51% 38% 27% 64% 52% 47% 76%

Year-to-date*

n/a

June 2019

Number of Listings

138

36 150 69 29 215

% Sales to Listings

277 140 43% 46% 41% 44% 46% 46% 200 223 127 100 317 186 34% 32% 46% 35% 49% 53% 169 198

44% 45% 53%

29% 46% n/a 54% n/a 46%

n/a

Number of Listings

94 15 245

2,213 1,071 2,577

Number of Listings

93 25 191
73 16 1 61 12 85 60 28 123

% Sales to Listings

171 30 31% 39% 30% 100% 53% 93%

0 76 148 12% 41% 49% 0% 57% 67% n/a 58% 69% 50 1,103 264

143 43% 44% 57% 977 437 1,153 39% 40% 37%

71 53 57% 28% 37% 50% 55% 43% 327 216 268 151 396 231 41% 33% 44% 40% 43% 55%

42 28 19% 34% 43% 67% 29% 82%

n/a

Number of Listings

Detached

1,038 526 463 162 1,696 922 196

1,404 213 879 146 1,681 128 24% 47% 28% 56% 35% 46% 1,575 260 782 149 1,659 147 27% 38% 53% 64% 58% 56%

% Sales to

29% 32% 30% 35% 38% 43% 41% 42% 38%

0 373 944 46% 38% 38% 20% 54% 41% n/a 48% 43% 70 1,089 270

3,957 246 216 28% 22% 41% 29% 20% 48% 34% 22% 52%

n/a

Number of Listings

1,121 1,042 584
88 11 403

1,126 406 199 117 365 228 148 793 888 350 238

81 503 680 93 216 48 1,378 3,732 218 232

12,541 4,788 12,614

Detached
Attached
128

1,752 15 29 898

51% 936 Attached 682

11,105 5,336 13,602

* Year-to-date listings represent a cumulative total of listings rather than total active listings.

175 91 17 176
73 22 0 82 16 67 48 31 156

31 107 196 178 126 18 26 26 64 115

31

0 102

57

34 167

5 477 104

90 452 745 88 187

83 39 269

37 98 250 234 28 12 87 123

2,139 14 45 871

n/a

Listing & Sales Activity Summary

Listings

1 2 3 Jun May Jun 2018 2019 2019

Col. 2 & 3 Percentage Variance

5 6 7 Jun May Jun 2018 2019 2019

Sales

Col. 6 & 7 Percentage Variance

9

Apr 2018 -

Jun 2018

10

Apr 2019 -

Jun 2019

Col. 9 & 10 Percentage Variance

BURNABY

DETACHED ATTACHED APARTMENTS

169 103 280

200 127 317

138 128 277

%

-31.0 0.8 -12.6

56

53 144

67

58 154

60

52 128

%

-10.4 -10.3 -16.9

188 162 478

180 145 385

%

-4.3 -10.5 -19.5

COQUITLAM

DETACHED ATTACHED APARTMENTS

198 73 171

223 100 186

175 73 140

-21.5 -27.0 -24.7

62 22 90

71 35 98

80 32 64

12.7 -8.6 -34.7

213 90 272

216 95 222

1.4

5.6 -18.4

DELTA

DETACHED ATTACHED APARTMENTS

93 16 30

94 31 53

91 22 34

-3.2 -29.0 -35.8

36 16 28

38 16 25

40 10 18

5.3 -37.5 -28.0

128 36 57

102 43 48

-20.3 19.4 -15.8

MAPLE RIDGE/PITT MEADOWS

DETACHED ATTACHED APARTMENTS

191 61 76

245 102 59

176 82 67

-28.2 -19.6 13.6

78 35 44

111 54 45

81 44 31

-27.0 -18.5 -31.1

307 127 173

268 144 104

-12.7 13.4 -39.9

NORTH VANCOUVER

DETACHED ATTACHED APARTMENTS

186 85 143

196 91 225

150 67 192

-23.5 -26.4 -14.7

80 37 82

105 45 106

82 33 87

-21.9 -26.7 -17.9

247 119 290

240 109 257

-2.8

-8.4 -11.4

NEW WESTMINSTER

DETACHED ATTACHED APARTMENTS

59

12 148

50

24 198

36

16 149

-28.0 -33.3 -24.7

29 8 102

26 8 93

26 4 67

0.0 -50.0 -28.0

79

35 290

66

21 245

-16.5 -40.0 -15.5

PORT MOODY/BELCARRA

DETACHED ATTACHED APARTMENTS

39 28 53

50 34 39

29 31 25

-42.0 -8.8 -35.9

11 14 23

23 15 24

11 12 19

-52.2 -20.0 -20.8

48 50 67

47 42 72

-2.1 -16.0 7.5

PORT COQUITLAM

DETACHED ATTACHED APARTMENTS

83 60 71

61 57 66

69 48 56

13.1 -15.8 -15.2

47 22 39

41 36 54

27 22 28

-34.1 -38.9 -48.1

118 64 130

89

75 111

-24.6 17.2 -14.6

RICHMOND

DETACHED ATTACHED APARTMENTS

269 123 312

252 167 336

215 156 255

-14.7 -6.6 -24.1

81

65 160

82

55 133

90

62 118

9.8 12.7 -11.3

234 222 516

213 159 340

-9.0 -28.4 -34.1

SUNSHINE COAST

DETACHED ATTACHED APARTMENTS

98 12 9

145 20 16

107 26 7

-26.2 30.0 -56.3

51 7 6

47 6 9

44 5 5

-6.4 -16.7 -44.4

161 31 20

120 19 24

-25.5 -38.7 20.0

SQUAMISH

DETACHED ATTACHED APARTMENTS

37 28 20

38 31 41

31 26 17

-18.4 -16.1 -58.5

11 15 14

21 17 12

17 11 11

-19.0 -35.3 -8.3

50 51 51

60 37 32

20.0 -27.5 -37.3

VANCOUVER EAST

DETACHED ATTACHED APARTMENTS

250 87 270

227 103 275

196 64 216

-13.7 -37.9 -21.5

97

39 146

124 60 142

85 43 87

-31.5 -28.3 -38.7

341 138 463

275 137 344

-19.4 -0.7 -25.7

VANCOUVER WEST

DETACHED ATTACHED APARTMENTS

234 123 616

220 144 689

178 115 598

-19.1 -20.1 -13.2

80

50 327

86

55 319

60

41 254

-30.2 -25.5 -20.4

239

152 1033

209 141 806

-12.6 -7.2 -22.0

WHISTLER/PEMBERTON

DETACHED ATTACHED APARTMENTS

32 45 28

29 28 28

18 29 33

-37.9 3.6 17.9

11 30 23

8 15 21

8 13 16

0.0 -13.3 -23.8

29 68 86

24 48 55

-17.2 -29.4 -36.0

WEST VANCOUVER/HOWE SOUND

DETACHED ATTACHED APARTMENTS

176 14 42

168 12 49

126 15 35

-25.0 25.0 -28.6

33 6 12

56 4 11

30 5 8

-46.4 25.0 -27.3

103 14 53

124 11 27

20.4 -21.4 -49.1

GRAND TOTALS DET ACHED ATTACHED APARTMENTS

2114 870 2269

2198 1071 2577 

1735 898 2101

-21.1 -16.2 -18.5

763

419 1240

906

479 1246

741 389 941

-18.2 -18.8 -24.5

2485 1359 3979 
2233 1226 3072 

-10.1 -9.8 -22.8

 
Read full post

H-Info-Dec-2018-portal

Metro Vancouver home sales decline below historical averages in 2018

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 cent decrease compared to the 39,943 residential sales in 2016.

Last year’s sales total was 25 per cent below the region’s 10-year sales average.

“This past year has been a transition period for the Metro Vancouver housing market away from the sellers’ market conditions we’ve experienced in recent years,” Phil Moore, REBGV president said. “High home prices, rising interest rates and new mortgage requirements and taxes all contributed to the market conditions we saw in 2018.”

Home listings in Metro Vancouver reached 53,614 in 2018. This is a 1.9 per cent decrease compared to 54,655 homes listed in 2017 and a 6.9 per cent decrease compared to the 57,596 homes listed in 2016.

“The supply of homes for sale will be an important indicator to follow in 2019. We’ve had record building activity in recent years and many projects will complete soon. This will provide additional housing options for home buyers across the region,” Moore said.

The MLS® HPI composite benchmark price for all residential homes in Metro Vancouver ends the year at $1,032,400. This is a 2.7 per cent decrease compared to December 2017.

“As the total supply of homes for sale began to accumulate in the spring, we began to see downward pressure on prices across all home types throughout the latter half of the year,” Moore said.

The benchmark price of detached homes in the region declined 7.8 per cent over the last 12 months and 7.3 per cent since June 2018. Apartment homes increased 0.6 per cent over the last 12 months and have declined 6.4 per cent since June 2018. The benchmark price for townhomes in Metro Vancouver have increased 1.3 per cent since December 2017 and have decreased 5.3 per cent over the last six months.

December summary

REBGV reports that residential home sales in the region totalled 1,072 in December 2018, a 46.8 per cent decrease from the 2,016 sales recorded in December 2017, and a 33.3 per cent decrease from November 2018 when 1,608 homes sold.

Last month’s sales were 43.3 per cent below the 10-year December sales average.

There were 1,407 detached, attached and apartment homes newly listed for sale on the MLS® in Metro Vancouver in December 2018. This represents a 25.6 per cent decrease compared to the 1,891 homes listed in December 2017 and a 59.3 per cent decrease compared to November 2018 when 3,461 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 10,275, a 47.7 per cent increase compared to December 2017 (6,958) and a 16.5 per cent decrease compared to November 2018 (12,307).

For all property types, the sales-to-active listings ratio for December 2018 is 10.4 per cent. By property type, the ratio is 7.1 per cent for detached homes, 12 per cent for townhomes, and 14.2 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.

Sales of detached homes in December 2018 reached 348, a 43.6 per cent decrease from the 617 detached sales recorded in December 2017. The benchmark price for a detached home is $1,479,000. This represents a 7.8 per cent decrease from December 2017 and a 1.4 per cent decrease compared to November 2018.

Sales of apartment homes reached 535 in December 2018, a 34 per cent decrease compared to the 1,028 sales in December 2017. The benchmark price of an apartment home is $664,100. This represents a 0.6 per cent increase from December 2017 and a 0.6 per cent decrease compared to November 2018.

Attached home sales in December 2018 totalled 189, a 49.1 per cent decrease compared to the 371 sales in December 2017. The benchmark price of an attached home is $809,700. This represents a 1.3 per cent increase from December 2017 and a 1.1 per cent decrease compared to November 2018.

Read full post

Fabulous Point Grey!  Excellent home to either live in or rent out!  Open this morning 11-1!

Read full post

Check out this site for easy way to calculate:  https://www.ratehub.ca/mortgage-payment-calculator

Read full post

Try this new listing I have!  Welcome to Victory Estates in Neilsen Grove. This wonderful family home features large rooms throughout, new laminate flooring in living/dining room, high efficiency furnace, 2 wood burning fireplace, and newer windows. Spacious family room with walkout to lovely backyard. Extra large bedrooms up, all with walk-in closets.  Lots of storage too!  Oversized double car garage with work space, extra storage, and ample parking for the RV. Wonderful neighbours in a quaint and quiet area. This home is a must see!

Read full post

CITY, OCEAN, MOUNTAIN VIEWS! Live in one of Vancouver's most coveted locations - West Point Grey.  Designed & developed by Vancouver's own Howard Airey and built by Formwerks. This spacious 1 bedroom +  large 255 sqft terrace offers a comfortable yet stylish floor plan. With durable & elegant wood flooring throughout, stylish quartz countertops, sliding door system, acoustically rated windows,  4-zone  pre-wired custom speaker system, top of the line stainless steel appliance including Miele & Fisher Paykel are just a few of the luxuries you will received from 'West Living'.  1 large private parking and 1 locker included. 1 dog or 1 cat allowed. 4 rentals allowed, 3 currently rented. Open House  Sunday May 7 from 2-4.

Read full post

Move in condition!  Located in the highly desirable family community of River Springs, this home backs directly on to the scenic Coquitlam River & fantastic nature trails. The most spectacular backyard you can dream of! Featuring 4 bedrooms, 2½ baths, open floor plan w/vaulted ceilings in living room, F/P, dining & new kitchen featuring large island, granite counters, easy sliding silent close cabinets, induction stove top, and S/S appliances. New modern wide plank laminate flooring throughout. Large master with W/I closet, huge ensuite & balcony w river views. Spacious bedrooms, additional loft/office, & 2-car garage plus 3 off street. Walk, bike or kayak for miles! Bare land strata $107pm for pool w/lifeguard/tennis/ basketball and rec centre. Open  Sun May 7 from  2-4.

Read full post

Fabulous well kept home on beautiful tree lined street! Close to St George's, Lord Byng, shopping, community centre & Endowment lands! Great ground level 2 bedroom suite also. Newer skylights throughout makes this home filled with natural light. Fully fenced backyard and fabulous VanDusen-like garden out front. First Open Wednesday May 10, 12-1:30

Read full post

Click or copy the URL for full MLS stats 

 

http://www.rebgv.org/sites/default/files/8.%20REBGV%20Stats%20Pkg%20August%202016.pdf

Read full post

Sold quickly by asking the right price and creating a multiple offer situation. I arranged to have the place painted and in show home condition.   Sold over ask within the week!

If you wish your home sold quickly and efficiently with no stress

call Judith @ 604 351 4116.  

Read full post

Lot value in Point Grey is now $2.8M for 33 x 122' lot.

 

http://www.theglobeandmail.com/report-on-business/economy/housing/inside-the-vancouver-fixer-upper-listed-for24-million/article28519528/

Read full post

Vancouver's real estate market has not slowed down whatsoever in 2015.  In fact, it has gone up almost daily. 

See http://www.rebgv.org/news for more info.  

Read full post

3187 Venables was a 33'x146.4' lot with north mountain views and southern city view high on a hill.  Asking $1.129M - sold over ask!  For your free market evaluation call me at 6043514116.  

Read full post
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.