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).
Showing posts with label Van – RE Sales Price Data. Show all posts
Showing posts with label Van – RE Sales Price Data. Show all posts
Friday, 3 August 2018
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.
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.
Tuesday, 31 July 2018
Van - SDH Sales Data 2012-2018
Greater Vancouver January-June 2018 Home Sales, Average & Benchmark Prices
You would have to be living in your own bubble not to be aware of the collapse of Greater Vancouver single detached house sales. The Sunshine Coast is too close the lower mainland not to feel the repercussions of the roller coaster ride of lower mainland booms and busts. Because of this, I first posted Greater Van stats here on the blog back on October 18, 2016...and...um...I guess an update is a tad overdue.
You would have to be living in your own bubble not to be aware of the collapse of Greater Vancouver single detached house sales. The Sunshine Coast is too close the lower mainland not to feel the repercussions of the roller coaster ride of lower mainland booms and busts. Because of this, I first posted Greater Van stats here on the blog back on October 18, 2016...and...um...I guess an update is a tad overdue.
Tuesday, 18 October 2016
Van - SDH Sales/Prices 2011-2016
Greater Vancouver Detached Sales, Average & Benchmark Sale Prices 2011 – 2016
The stunning price increases in Greater Vancouver has impacted not only its surrounding regions, but outlier markets such as Bowen Island and the Sunshine Coast as first time buyers look for affordable housing and baby boomers cash out their home equity, buy similar homes at cheaper prices, and bank/invest the remaining profit. The result has been a chain-reaction of rising home prices throughout the lower mainland and lower coastal region.
The stunning price increases in Greater Vancouver has impacted not only its surrounding regions, but outlier markets such as Bowen Island and the Sunshine Coast as first time buyers look for affordable housing and baby boomers cash out their home equity, buy similar homes at cheaper prices, and bank/invest the remaining profit. The result has been a chain-reaction of rising home prices throughout the lower mainland and lower coastal region.
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