Judith Adamick : Personal Real Estate Corporation : Judith's Corner : page 2

New Stats for Vancouver

Posted on December 6, 2019 by Judith Adamick

http://members.rebgv.org/realtorlink/rebgv/statscentrereports/Metro-Vancouver.pdf

New Stats for Vancouver

Posted on July 23, 2019 by Judith Adamick

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.

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*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

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*

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

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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

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3948 West 24th

Posted on July 23, 2019 by Judith Adamick

Come view this beautiful new home with legal one bedroom suite!

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3389 West 2nd - New Price

Posted on July 23, 2019 by Judith Adamick

Come view this lovely south facing half duplex in north of 4th very quiet location!

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4054 West 14th Avenue Open House

Posted on June 21, 2019 by Judith Adamick

Open Sunday 1-3 Fabulous Point Grey building lot or renovate to your taste.

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New Stats for Vancouver

Posted on June 21, 2019 by Judith Adamick

https://www.rebgv.org/market-watch/monthly-market-report/may-2019.html

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New Stats for Metro Vancouver properties

Posted on January 10, 2019 by Judith Adamick

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.

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4530 West 11th

Posted on August 14, 2018 by Judith Adamick

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

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NEW LISTING! 1742 West 59th Avenue!

Posted on April 11, 2018 by Judith Adamick

Beautiful Cape Cod style home in pristine condition! First open house Thursday April 12 10:30-12.

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Mortgage Calculator

Posted on March 6, 2018 by Judith Adamick

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

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Thinking of Sizing Down?

Posted on May 6, 2017 by Judith Adamick

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!

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View Condo in Point Grey!

Posted on May 6, 2017 by Judith Adamick

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.

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