Housing supply up, home sales and prices down in June.
With home buyer demand below long term historical averages, the supply of homes continued to accumulate in Metro Vancouver.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,077 in June 2019, a 14.4% decrease from the 2,425 sales recorded in June 2018, and a 21.3% decrease from the 2,638 homes sold in May 2019.
Last month's sales were 34.4% below the 10-year June sales average.
This is the lowest total for the month since 2000.
North Vancouver April 2019 Infographics
Total Active Listings Sales
April 2018 676 214
April 2019 1,016 146
Total Listings 447 Sales 53 Benchmark Price $1,499,400 (down 12%)
Top Neighbourhood by Sales: Canyon Heights NV
Total Listings 140 Sales 29 Benchmark Price $957,700
Top Neighbourhood by Sales: Central Lonsdale
Total Listings 429 Sales 64 Benchmark Price $567,500
Top Neighbourhood by Sales: Lower Lonsdale
How to sell your condo for top dollar
Find out when the best time is to list your condo to get the best price
3 Tips for Making your Dream of Buying a Home Come True
1. Automate your down payment savings
2. Build your credit history and keep it clean
3. Practice living on a budget
North Vancouver March 2019 Infographics
Total Active Listings: 393 up 9.5%
Sales: 70 - up 7.7%
Average Days on Market: 35 - down 10.3%
BENCHMARK PRICE: $1,502,600
Top Neighbourhood by Sales: LYNN VALLEY
Total Active listings: 348 up 138.4%
Total Sales: 73 down 37.6%
Average days on Market: 35 up 150%
BENCHMARK PRICE: $567,000
Top Neighbourhood by Sales: LOWER LONSDALE
Total Active listings: 122 up 105.1%
Sales: 21 down 27.6%
Average days on Market: 27 up 35%
BENCHMARK PRICE: $952,700
Top neighbourhoods by sales:
Spring Maintenance Checklist
For month's you've been looking out the window waiting for spring and it's finally here!
If you are planning on selling your house this spring, make sure you check these 10 maintenance items off your list.
Calgary is the most Affordable city in Canada.
Ottawa is the second most affordable city in Canada.
Vancouver (no surprise!) is the least affordable city in Canada
Least to Most Affordable Neighbourhoods in Metro Vancouver
Vancouver West is the Least Affordable with $450,292 being the income required to afford a detached home.
Maple Ridge is the Most Affordable with $121,780 being the income required to afford a detached home.
North Vancouver February 2019 Infographics
Total active listings 804 - up 47.8% from last February, 2018
Total sold listings 164 - down 26.8% from February, 2018
Average days on market 27 - up 35% from last year
Benchmark price $561,800 - down 4.7% from last year
Top neighbourhood by sales: LOWER LONSDALE
Here are the sales numbers for West Vancouver for February 2019
Detached homes sales are down 16.7%
Condos sales are down 10.8%
What does this tell us?
Right now it is a buyers market in West Vancouver. (See the chart at the very bottom of the page)
The real estate numbers are out for February 2019 for Burnaby North.
Benchmark Price Year over Year change
Detached Properties $1,400,800 -8.6%
Condos $599,900 -6.6%
Townhomes $715,300 -4.9%
Now a buyers market for Townhomes and Detached Properties