Judy Shih : Latest Blog Posts

February 2012 Real Estate Board Stats

Sat, 03 Mar 2012 00:02:00 GMT

Greater Vancouver housing market trends near long-term

averages as spring market approaches

VANCOUVER, B.C. – March 2, 2012 – Closer alignment between home buyer and seller activity helped bring

greater balance to the Greater Vancouver housing market in February.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver

reached 2,545 on the MLS® system in February 2012. This represents a 61.4 per cent increase compared to the 1,577

sales recorded in January 2012, a decline of 17.8 per cent compared to the 3,097 sales in February 2011 and a 2.9 per

cent increase from the 2,473 home sales in February 2010.

February sales in Greater Vancouver were the third lowest February total in the region since 2002, though only 151

sales below the 10-year average.

“With a sales-to-active-listings ratio of over 18 per cent, we see fairly balanced conditions in our marketplace as we

move into the traditionally busier spring season,” Rosario Setticasi, REBGV president said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,552 in February 2012.

This represents a 2.5 per cent decline compared to February 2011 when 5,693 properties were listed, and a 3.5 per cent

decline compared to January 2012 when 5,756 homes were added to the MLS® in Greater Vancouver.

Last month’s new listing count was the second highest February total in Greater Vancouver since 1996.

At 14,055, the total number of residential property listings on the MLS® increased 12 per cent in February compared

to last month and increased 17.9 per cent from this time last year.

“Region-wide we’ve seen relative stability in home prices over the last six months, but it’s important to do your

homework and consult your REALTOR® because pricing can vary considerably depending on the neighbourhood and

property type,” Setticasi said.

To download the full stats package, click here

December Real Estate Board Stats

Wed, 04 Jan 2012 18:19:37 GMT

Balanced real estate market prevailed through much of 2011

VANCOUVER, B.C. – January 4, 2012 – The 2011 Greater Vancouver housing market began with heightened demand in

regional hot spots and concluded with greater balance between seller supply and buyer demand.

The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties

in 2011 reached 32,390, a 5.9 per cent increase from the 30,595 sales recorded in 2010, and a 9.2 per cent decrease

from the 35,669 residential sales in 2009. Last year’s home sale total was 6.3 per cent below the ten-year average for annual

Multiple Listing Service® (MLS®) sales in the region.

The number of residential properties listed for sale on the MLS® in Greater Vancouver increased 2.7 per cent in 2011 to

59,549 compared to the 58,009 properties listed in 2010. Looking back further, last year’s total represents a 12.8 per cent

increase compared to the 52,869 residential properties listed in 2009. Last year’s listing total was 11.1 per cent above the tenyear

average for annual Multiple Listing Service® (MLS®) property listings in the region.

“It was a relatively balanced year for the real estate market in Greater Vancouver with listing totals slightly above historical

norms and sale numbers slightly below,” Rosario Setticasi, REBGV president said.

Download the complete stats package by clicking here

September 2011 Real Estate Board Stats

Tue, 11 Oct 2011 20:03:04 GMT

Home listings continue to rise in the Greater Vancouver

housing market

VANCOUVER, B.C. – October 4, 2011 – Consistent increases in property listings and fewer home sales over the summer

months has helped move the Greater Vancouver housing market into the upper end of a buyers’ market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and

apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,246 in September, a 1.2 per cent increase

compared to the 2,220 sales in September 2010. Those sales also rank as the third lowest total for September over the last 10

years.

FOR THE FULL REPORT, CLICK HERE.

News Release August statistics

Fri, 09 Sep 2011 12:12:00 GMT

Greater Vancouver home sales trend toward buyers’ market

over summer

VANCOUVER, B.C. - September 2, 2011 - August marked the third consecutive month that home sale activity

in Greater Vancouver was below the 10-year average for the month. In contrast, home listing activity in the region

has exceeded the 10-year norm every month since the beginning of the year.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached

and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,378 in August. This

total represents an eight per cent increase compared to the 2,202 sales in August 2010, but also ranks as the third

lowest total for August in the last 10 years.

Download the complete stats package by clicking here