Friday 3 August 2018

Van - DET/Condo Sales Data July 2018

Greater Vancouver July, 2018 Detached/Condo Sales, Average & Benchmark Prices Update

I have changed my mind. The July Sales stats for Greater Vancouver single detached and condo sales are so spectacularly bad they deserve a brief update. All three major markers for single detached homes - sales, Benchmark and Average Sale Prices - fell across the board for the second straight month. July’s detached sales fell -16.8% month-over-month and those 637 sales stand -70.2% below peak (Mar 2016).

Thursday 2 August 2018

Van - Condo Sales Data 2013-2018

Greater Vancouver January - June, 2018 Apt/Condo Sales, Average & Benchmark Prices

As detached home prices soared despite falling sales, buyers and investors moved over to condos/townhouses. The peak for condo sales occurred in March 2016 at 2252; however peak frenzy was reached when the sales-to-active-listing ratio (SALR) topped out at 94.6% in May 2017.