Market Statistics - May 2018
Posted on Jun 05, 2018 in Statistics
The sales for May of 2018 has continued the dip seen in the last few months. Historically, May sales are strong as it is in the end of the Spring season but this May has, like last month, experienced sales at a multi-year low.
The prices of attached homes are still rising in most areas but time spent on the market is beginning to grow on average, wh...
Market Statistics - April 2018
Posted on May 07, 2018 in Statistics
The sales for April of 2018 has continued the dip seen in the last few months. Historically, April sales are strong as it is in the middle of the Spring season but this April saw sales at a 17 year low.
Townhouses and condos continue to rise in price and sell in a short period of time. That period of time is growing, although in most cases they are...
Market Statistics - March 2018
Posted on Apr 05, 2018 in Statistics
The sales for March 2018 continued the sag in the market seen in February. Houses in particular have seen a dramatic drop in sales and the accompanying rise in unsold inventory. Higher priced areas are experiencing the biggest drop in sales whereas more affordable single family homes (under $1M) in both the Metro Vancouver and Fraser Valley areas a...
Market Statistics - February 2018
Posted on Mar 06, 2018 in Statistics
February 2018 brought record snowfall to the Lower Mainland and Fraser Valley areas in contrast to our soggy January.
This chill is also indicated in the Lower Mainland housing market as houses in particular have seen a drastic drop in the number of sales. February's sales of houses were almost 40% below the 10 year average for February. Levels like...
Market Statistics - January 2018
Posted on Feb 06, 2018 in Statistics
January 2018 was a wet but warm month in the Lower Mainland. Except for the first few days of the year where temperatures were below the historical averages, our daily temperatures have trended about 2 to 4 degrees warmer than the historical averages.
This sogginess has not affected the townhouse and condo market as we are still seeing large lineups...
Market Statistics - December 2017
Posted on Jan 06, 2018 in Statistics
We hope everyone had a great Holiday Season to cap off the eventful year of 2017!
The Metro Vancouver market continued to be buoyed up by those buyers that were trying to meet the end-of-the-year deadline for the new mortgage changes and this meant that many sales were over the asking price.
As an example of buyer's desperation, we are working with s...
The Metro Vancouver market continued to be buoyed up by those buyers that were trying to meet the end-of-the-year deadline for the new mortgage changes and this meant that many sales were over the asking price.
As an example of buyer's desperation, we are working with s...