Over the past two months the real estate market in the Lower Mainland has been on fire, here are a few selective pieces of information to wet your appetite.
In June 2014 in the Greater Vancouver housing market there were 3,406 sales which constitutes the highest monthly sales since March of 2011. With total listings in the Greater Vancouver area at 16,011 which is down -7.4% from last June, the supply is low for the demand. This creates a Sales to Active Listing ratio of 21.3% creating a Sellers market for the second straight month.
Over the last 18 months the benchmark Greater Vancouver detached home price has increased by 8.4%. Apartments have increased by 5.5% and townhomes by 4.7%.
If you would like to receive more information, monthly reports or know what your home is worth, please don't hesitate to contact me.
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.
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