WELCOME TO THINKTOM.COM!

PROVIDING WORLD CLASS REAL ESTATE SERVICES TO NATIONAL AND INTERNATIONAL CLIENTELE SINCE 1999.

THE LATEST STATS AVAILABLE:

AUGUST 2014 STATS UPDATE

News Release
FOR IMMEDIATE RELEASE: 
 
Buyer demand increases while home prices edge up 
 
VANCOUVER, B.C. – July 3, 2014 – The Greater Vancouver housing market enters the 
summer season with home buyer activity on the rise. 
 
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in 
Greater Vancouver reached 3,406 on the Multiple Listing Service® (MLS®) in June 2014. This 
represents a 28.9 per cent increase compared to the 2,642 sales recorded in June 2013, and a 3.7 
per cent increase compared to the 3,286 sales in May 2014. 
 
Last month’s sales were 0.6 per cent above the 10-year sales average for June of 3,386. 
 
“Competition amongst home buyers today is as strong as it’s been in the region since 2011,” Ray 
Harris, REBGV president said. 
 
The sales-to-active-listings ratio currently sits at 21.3 per cent in Greater Vancouver, which is the 
highest this measure has been since June 2011. 
 
“Over the last three years, we’ve seen changes in demand yet home prices at the regional level 
have remained relative stability,” Harris said. “While these numbers provide high level trends, 
it’s important to know that changes in prices always vary depending on neighbourhood and 
property type. Consult your local REALTOR® for information on trends in your area of choice.” 
The MLS® Home Price Index composite benchmark price for all residential properties in Metro 
Vancouver is currently $628,200. This represents a 4.4 per cent increase compared to June 2013. 
 
New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,339 
in June. This represents a 9.5 per cent increase compared to the 4,874 new listings in June 2013 
and a 10.1 per cent decline from the 5,936 new listings in May. Last month’s new listing count 
was 2.6 per cent below the region’s 10-year new listing average for the month. 
 
The total number of properties currently listed for sale on the MLS® system in Greater 
Vancouver is 16,011, a 7.4 per cent decline compared to June 2013 and a 0.4 per cent decrease 
compared to May 2014. 
 
Sales of detached properties in June 2014 reached 1,462, an increase of 32.7 per cent from the 
1,102 detached sales recorded in June 2013, and a 58.7 per cent increase from the 921 units sold in June 2012. The benchmark price for detached properties increased 6.2 per cent from June
2013 to $976,700.
 
Sales of apartment properties reached 1,308 in June 2014, an increase of 22.5 per cent compared 
to the 1,068 sales in June 2013, and a 27.5 per cent increase compared to the 1,026 sales in June 
2012. The benchmark price of an apartment property increased 2.4 per cent from June 2013 to 
$378,000. 
 
Attached property sales in June 2014 totalled 636, a 34.7 per cent increase compared to the 472 
sales in June 2013, and a 53.3 per cent increase over the 415 attached properties sold in June 
2012. The benchmark price of an attached unit increased 3.1 per cent between June 2013 and 
2014 to $471,200. 
 
-30- 
 
The real estate industry is a key economic driver in British Columbia. In 2013, 28,524 homes changed ownership in 
the Board’s area, generating $1.84 billion in economic spin-off activity and 13,977 jobs. The total dollar value of 
residential sales transacted through the MLS® system in Greater Vancouver totalled $22 billion in 2013. The Real 
Estate Board of Greater Vancouver is an association representing more than 11,000 REALTORS® and their 
companies. The Board provides a variety of member services, including the Multiple Listing Service®. For more 
information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit 
www.rebgv.org. 
 
For more information please contact: 
Craig Munn, Assistant Manager of Communications 
Real Estate Board of Greater Vancouver 
Phone: (604) 730-3146 
cmunn@rebgv.org 
www.rebgv.org| Facebook|Twitter 
FOR IMMEDIATE RELEASE: 

BUYER DEMAND INCREASES WHILE PRICES CREEP UP. 

The Metro Vancouver housing market experienced steady home sale, listing, and pricing trends for the month of August.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,771 on the Multiple Listing Service® (MLS®) in August 2014. This represents a 10.2 per cent increase compared to the 2,514 sales recorded in August 2013, and a 9.5 per cent decline compared to the 3,061 sales in July 2014.

“Activity this summer has been strong but not unusual for our region,” Ray Harris, REBGV president said. “The volume of home sales has been higher than we’ve seen in the last three years, yet below the record-breaking levels of the past decade.”

Last month’s sales were 4.3 per cent above the 10-year sales average for August of 2,658.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver* is currently $631,600. This represents a 5 per cent increase compared to August 2013.

“Broadly speaking, home prices in the region are continuing to experience modest, incremental gains,” Harris said.
 
New listings for detached, attached and apartment properties in Metro Vancouver totalled 3,940 in August. This represents a 5.9 per cent decline compared to the 4,186 new listings in August 2013 and a 20 per cent decline from the 4,925 new listings in July. Last month’s new listing total was 8.4 per cent below the region’s 10-year new listing average for the month.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 14,768, a 7.9 per cent decline compared to August 2013 and a 5.4 per cent decrease compared to July 2014.

Sales of detached properties in August 2014 reached 1,158, an increase of 10.1 per cent from the 1,052 detached sales recorded in August 2013, and an 85.6 per cent increase from the 624 units sold in August 2012. The benchmark price for detached properties increased 6.6 per cent from August 2013 to $984,300.

Sales of apartment properties reached 1,126 in August 2014, an increase of 10.6 per cent compared to the 1,018 sales in August 2013, and a 55.3 per cent increase compared to the 725 sales in August 2012. The benchmark price of an apartment property increased 3.6 per cent from August 2013 to $379,200.

Attached property sales in August 2014 totalled 487, a 9.7 per cent increase compared to the 444 sales in August 2013, and a 62.3 per cent increase over the 300 attached properties sold in August 2012. The benchmark price of an attached unit increased 3.9 per cent between August 2013 and 2014 to $474,900.

* Areas covered by Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta.
 

Download the complete stats package by clicking here.


232 2033 TRIUMPH Stree...

September 16th, 2014
I just finished uploading this Condo for sale, 232 2033 TRIUMPH Street, Vancouver East, British ColumbiaSleek and modern 1 bedroom unit transformed from a studio for an efficient & compact floor plan. Fabulous, stylish kitchen with blue high g...Click here to read more detail about '232 2033 TRIUMPH Stree...'

Subscribe to Blog

Latest Twitter Update

4 Minutes with Tom and Kerrie

Search Properties

Price: To