REBGV May 2014 Market Update

This month home buyer demand has thrown Vancouver into the upper reaches of a sellers market. There were 3,286 homes for sale in May which is a 14% increase from May of last year and over 280 more homes than April of this year. So far there are less overall homes for sale on the regions MLS from last year but more homes are selling and faster.

 

The benchmark home price in Greater Vancouver has experienced consistent growth and now hovers around the $624,000 price for May 2014. Over the past few years homes have been getting more expensive yet the demand has not diminished. As conditions change in the market, individuals are having to change their strategies to overcome the current and future housing prices. If you are interested in a more depth market overview please don't hesitate to contact me.

 

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"I am committed to going the extra mile to ensure that your needs are successfully met in a professional manner!"

 

- Patti Caldwell


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604-341-5443
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patti@patticaldwell.com

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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.