REBGV August 2015 Market Update

There was no summer lull in the Vancouver housing market this year. Between June and August home sales were 25% above the 10 year sales average. In August there were 3,362 homes sold which is up 21.3% from last year.

 

On the listing side we continue to see a smaller supply of homes for sale. There were 4,281 homes listed on the regions MLS in August. All totalled there were 10,897 homes for sale on the MLS. This is down 26.2% from last year and is the lowest total we have since August 2005.

 

The benchmark price for all residential prices has risen to $708,500 which is up 12% over last year. The current sales-to-active listing ratio is 30.9% which indicates a strong sellers market across the GVRD.

 

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- Patti Caldwell


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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.