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I have sold a property at 601 53 HASTINGS ST W in Vancouver.
PENTHOUSE LOFT w/a PRIVATE 218 SF ROOF TERRACE! Incredible heritage conversion by The Salient Group in historic Gastown. Features...
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I have sold a property at 301 221 UNION ST in Vancouver.
SOUTH FACING 1 bedroom at V6A overlooking an urban greenbelt. Situated on a dedicated bike route/traffic-calmed street. Modern kitchen...
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Please visit our Open House at 217 3456 COMMERCIAL ST in Vancouver.
Open House on Thursday, October 20, 2016 5:30PM - 6:30PM
WEST FACING 2 bedroom at MERCER by CRESSEY. Situated on a quiet...
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I have listed a new property at 217 3456 COMMERCIAL ST in Vancouver.
WEST FACING 2 bedroom at MERCER by CRESSEY. Situated on a quiet tree lined street in Cedar Cottage. Stunning kitchen...
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Please visit our Open House at 217 3456 COMMERCIAL ST in Vancouver.
Open House on Saturday, October 22, 2016 2:00PM - 4:00PM
WEST FACING 2 bedroom at MERCER by CRESSEY. Situated on a quiet...
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Please visit our Open House at 217 3456 COMMERCIAL ST in Vancouver.
Open House on Sunday, October 23, 2016 2:00PM - 4:00PM
WEST FACING 2 bedroom at MERCER by CRESSEY. Situated on a quiet...
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I have listed a new property at 601 53 HASTINGS ST W in Vancouver.
PENTHOUSE LOFT w/a PRIVATE 218 SF ROOF TERRACE! Incredible heritage conversion by The Salient Group in historic Gastown....
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Metro Vancouver* home sales dipped below the 10-year monthly sales average last month. This is the first time this has occurred in the region since May 2014.

Metro Vancouver home sales totalled 2,253 in September 2016, a decrease of 32.6 per cent from the 3,345 sales recorded in September 2015 and a decrease of 9.5 per cent compared to August 2016 when 2,489 homes sold.

Last month’s sales were 9.6 per cent below the 10-year sales average for the month.

“Supply and demand conditions differ today depending on property type,” Dan Morrison, REBGV president said. “We’re seeing more demand for condominiums and townhomes today than in the detached home market.”

New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,799 in September 2016. This represents a decrease of one per cent compared to the 4,846 units listed in September 2015 and an 11.8 per cent increase compared to August 2016 when 4,293 properties were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,354, a 13.4 per cent decline compared to September 2015 (10,805) and a 10 per cent increase compared to August 2016 (8,506).

The sales-to-active listings ratio for September 2016 is 24.1 per cent. This is the lowest this ratio has been since February 2015. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark, while home prices often experience upward pressure when it reaches the 20 to 22 per cent range in a particular community for a sustained period.

“Changing market conditions are easing upward pressure on home prices in our region,” Morrison said. “There’s uncertainty in the market at the moment and home buyers and sellers are having difficulty establishing price as a result. To help you understand the factors affecting prices, it’s important to talk with a REALTOR®.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $931,900. This represents a 28.9 per cent increase compared to September 2015 and a 0.1 per cent decline compared to August 2016.

Sales of detached properties in September 2016 reached 666, a decrease of 47.6 per cent from the 1,272 detached sales recorded in September 2015. The benchmark price for detached properties is $1,579,400. This represents a 33.7 per cent increase compared to September 2015 and a 0.1 per cent increase compared to August 2016.

Sales of apartment properties reached 1,218 in September 2016, a decrease of 20.3 per cent compared to the 1,529 sales in September 2015.The benchmark price of an apartment property is $511,800. This represents a 23.5 per cent increase compared to September 2015 and a 0.5 per cent decline compared to August 2016.

Attached property sales in September 2016 totalled 369, a decrease of 32.2 per cent compared to the 544 sales in September 2015. The benchmark price of an attached unit is $677,000. This represents a 29.1 per cent increase compared to September 2015 and a 0.1 per cent decline compared to August 2016.

Download the complete stats package by clicking here. 

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I have sold a property at 903 168 ESPLANADE ST E in North Vancouver.
CORNER UNIT 1 bedroom home with 2 large DECKS! Great mountain & city views. Kitchen w/stainless steel appliances, side...
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I have listed a new property at 301 221 UNION ST in Vancouver.
SOUTH FACING 1 bedroom at V6A overlooking an urban greenbelt. Situated on a dedicated bike route/traffic-calmed street. Modern...
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Please visit our Open House at 301 221 UNION ST in Vancouver.
Open House on Saturday, October 8, 2016 2:00PM - 4:00PM
SOUTH FACING 1 bedroom at V6A overlooking an urban greenbelt. Situated...
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Please visit our Open House at 301 221 UNION ST in Vancouver.
Open House on Sunday, October 9, 2016 1:00PM - 3:00PM
SOUTH FACING 1 bedroom at V6A overlooking an urban greenbelt. Situated...
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