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June 27, 2016 Vancouver Real Estate Sales Statistics

June 27, 2016 Vancouver Real Estate Sales Statistics for the REBGV and FVREB

 

Real Estate Board of Greater Vancouver (REBGV) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-27204$1,024,990$1,027,488$-2,497-0.2428

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-27119$710,376$712,394$-2,018-0.2825

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-27323$909,080$911,401$-2,321-0.2627

 

How to read these tables:

The first column is date, which is self-explanatory. The second is the number of sales in the specific area. Sales include detached, attached, apartment, land only and multi-family. Multi-family tends to include smaller multi-unit buildings rather than apartment buildings, which usually turn up on the commercial MLS system. There are also few multi-family sales each week. The third column is average list price for the day – in other words, the total of all list prices divided by the number of new listings. The fourth column is the average sales price of all sales reported that day. the sales are reported after subjects are removed, and can be from 0 to perhaps 14 days old. Listings, by comparison, are generally brand new, and lag by at most 3-5 days (in times of high listing volume the lag can be a little more, but not as much as with sales).

The fifth and sixth columns show the difference between average list price and sell price in dollar figures and percentages. Hot markets see properties sell within 1%-1.5% of list price.

The last column is days on market (DOMs). In most real estate markets 60 DOMs is by no means bad, and would often be regarded as great. In the Lower Mainland, especially compared to the last decade, it is high. Hot markets see DOMs like 30.

 

Snapshot

New Listings 433

Price Changes 88

Sold Listings 323

 

Sell/List

The sell/list is a simple measure of demand that divides a given number of sales by the number of new listings taken during the same period. It is expressed as a percentage. In a hot market, we sell more properties than we list, so the number exceeds 100%. Markets like that commonly see multiple offers over list price. Slow markets, on the other hand are characterized by low sell/lists, below 35%.

 

Today’s sell/list was 74.42%

 

Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.

FEDERAL GOVERNMENT ALLOCATES MORE FUNDS FOR AFFORDABLE HOUSING UPGRADES IN BC

During my daily internet sweep earlier today, I am pleased to share this ‘good news’ article that I came across on Business in Vancouver for our regular readers, and the general public.

I am delighted to post an ‘uplifting’ article on our troubled housing market here in Vancouver, and of course, throughout BC. 

It would be greatly appreciated if you would take a moment to leave your thoughts on the Vancouver housing market in general and of course, this short post.

You may also wish to check out our other articles on the Greater Vancouver Housing Market as well. Thanks so much for your time!

VANCNITE_24244357_edited

 

Benchmark price for residential properties in Metro Vancouver up 25% since last year.

The Federal Government funding will target ‘low-income’ residents.

 

The federal government is adding $150 million over the next 2 years to help with B.C.’s affordable housing problem.

 

 

 

Announced Sunday, June 26th, 2016, at a new housing development on East Hastings Street, the money is in addition to $63 million under the Investment in Affordable Housing Agreement and includes:

 

  • $25.2 million for construction, repair and alteration of affordable housing for seniors;
  • $10.9 million for construction and renovation of shelters and transition houses for victims of family violence; and
  • $50.9 million for repairs on aging social housing units.

 

Rich Coleman, Deputy Premier and Minister of Natural Gas Development and Minister Responsible for Housing, said in the announcement’s release that the balance of the money will be allocated as they go along.

 

“We will be working with communities throughout B.C. to identify specific housing needs and determine where the additional funding will be distributed,” Mr. Coleman said.

 

April figures for the Real Estate Board of Greater Vancouver were 41.7% above the 10-year sales average for the month, and the benchmark price for all residential properties in Metro Vancouver is currently $844,800, which is a 25.3% increase compared to April of 2015.

 

A recent RBC Housing Trends and Affordability report found it costs Metro Vancouverites 119.5% of the median household income to cover ownership costs associated with a single-detached home, the highest in the country.

 

 

Original Article News Source: Business in Vancouver

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June 24, 2016 Vancouver Real Estate Sales Statistics

June 24, 2016 Vancouver Real Estate Sales Statistics for the REBGV and FVREB

 

Real Estate Board of Greater Vancouver (REBGV) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-24177$962,931$998,732$-35,801-3.7225

 

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-24120$678,641$697,518$-18,876-2.7814

 

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-24297$848,066$877,030$-28,963-3.4220

 

How to read these tables:

The first column is date, which is self-explanatory. The second is the number of sales in the specific area. Sales include detached, attached, apartment, land only and multi-family. Multi-family tends to include smaller multi-unit buildings rather than apartment buildings, which usually turn up on the commercial MLS system. There are also few multi-family sales each week. The third column is average list price for the day – in other words, the total of all list prices divided by the number of new listings. The fourth column is the average sales price of all sales reported that day. the sales are reported after subjects are removed, and can be from 0 to perhaps 14 days old. Listings, by comparison, are generally brand new, and lag by at most 3-5 days (in times of high listing volume the lag can be a little more, but not as much as with sales).

The fifth and sixth columns show the difference between average list price and sell price in dollar figures and percentages. Hot markets see properties sell within 1%-1.5% of list price.

The last column is days on market (DOMs). In most real estate markets 60 DOMs is by no means bad, and would often be regarded as great. In the Lower Mainland, especially compared to the last decade, it is high. Hot markets see DOMs like 30.


 

Snapshot

New Listings 306

Price Changes 79

Sold Listings 297

 

Sell/List

The sell/list is a simple measure of demand that divides a given number of sales by the number of new listings taken during the same period. It is expressed as a percentage. In a hot market, we sell more properties than we list, so the number exceeds 100%. Markets like that commonly see multiple offers over list price. Slow markets, on the other hand are characterized by low sell/lists, below 35%.

 

Today’s sell/list was 97.06%

 

Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.

June 23, 2016 Vancouver Real Estate Sales Statistics

June 23, 2016 Vancouver Real Estate Sales Statistics for the REBGV and FVREB

 

Real Estate Board of Greater Vancouver (REBGV) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-23161$1,035,684$1,042,806$-7,121-0.6922

 

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-2392$730,357$746,362$-16,005-2.1917

 

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-23253$924,656$935,008$-10,352-1.1221

 

How to read these tables:

The first column is date, which is self-explanatory. The second is the number of sales in the specific area. Sales include detached, attached, apartment, land only and multi-family. Multi-family tends to include smaller multi-unit buildings rather than apartment buildings, which usually turn up on the commercial MLS system. There are also few multi-family sales each week. The third column is average list price for the day – in other words, the total of all list prices divided by the number of new listings. The fourth column is the average sales price of all sales reported that day. the sales are reported after subjects are removed, and can be from 0 to perhaps 14 days old. Listings, by comparison, are generally brand new, and lag by at most 3-5 days (in times of high listing volume the lag can be a little more, but not as much as with sales).

The fifth and sixth columns show the difference between average list price and sell price in dollar figures and percentages. Hot markets see properties sell within 1%-1.5% of list price.

The last column is days on market (DOMs). In most real estate markets 60 DOMs is by no means bad, and would often be regarded as great. In the Lower Mainland, especially compared to the last decade, it is high. Hot markets see DOMs like 30.


 

Snapshot

New Listings 325

Price Changes 94

Sold Listings 253

 

Sell/List

The sell/list is a simple measure of demand that divides a given number of sales by the number of new listings taken during the same period. It is expressed as a percentage. In a hot market, we sell more properties than we list, so the number exceeds 100%. Markets like that commonly see multiple offers over list price. Slow markets, on the other hand are characterized by low sell/lists, below 35%.

 

Today’s sell/list was 77.85%

 

Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.

June 22, 2016 Vancouver Real Estate Sales Statistics

June 22, 2016 Vancouver Real Estate Sales Statistics for the REBGV and FVREB

 

Real Estate Board of Greater Vancouver (REBGV) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-22254$970,142$993,423$-23,281-2.4019

 

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-2255$695,579$705,438$-9,858-1.4218

 

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-22309$921,271$942,163$-20,892-2.2718

 

How to read these tables:

The first column is date, which is self-explanatory. The second is the number of sales in the specific area. Sales include detached, attached, apartment, land only and multi-family. Multi-family tends to include smaller multi-unit buildings rather than apartment buildings, which usually turn up on the commercial MLS system. There are also few multi-family sales each week. The third column is average list price for the day – in other words, the total of all list prices divided by the number of new listings. The fourth column is the average sales price of all sales reported that day. the sales are reported after subjects are removed, and can be from 0 to perhaps 14 days old. Listings, by comparison, are generally brand new, and lag by at most 3-5 days (in times of high listing volume the lag can be a little more, but not as much as with sales).

The fifth and sixth columns show the difference between average list price and sell price in dollar figures and percentages. Hot markets see properties sell within 1%-1.5% of list price.

The last column is days on market (DOMs). In most real estate markets 60 DOMs is by no means bad, and would often be regarded as great. In the Lower Mainland, especially compared to the last decade, it is high. Hot markets see DOMs like 30.


 

Snapshot

New Listings 459

Price Changes 79

Sold Listings 309

 

Sell/List

The sell/list is a simple measure of demand that divides a given number of sales by the number of new listings taken during the same period. It is expressed as a percentage. In a hot market, we sell more properties than we list, so the number exceeds 100%. Markets like that commonly see multiple offers over list price. Slow markets, on the other hand are characterized by low sell/lists, below 35%.

 

Today’s sell/list was 67.32%

 

Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.

June 21, 2016 Vancouver Real Estate Sales Statistics

June 21, 2016 Vancouver Real Estate Sales Statistics for the REBGV and FVREB

 

Real Estate Board of Greater Vancouver (REBGV) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-21403$1,044,395$1,042,106$2,2890.2221

 

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-21131$692,852$710,159$-17,307-2.5017

 

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-21534$958,155$960,673$-2,517-0.2620

 

How to read these tables:

The first column is date, which is self-explanatory. The second is the number of sales in the specific area. Sales include detached, attached, apartment, land only and multi-family. Multi-family tends to include smaller multi-unit buildings rather than apartment buildings, which usually turn up on the commercial MLS system. There are also few multi-family sales each week. The third column is average list price for the day – in other words, the total of all list prices divided by the number of new listings. The fourth column is the average sales price of all sales reported that day. the sales are reported after subjects are removed, and can be from 0 to perhaps 14 days old. Listings, by comparison, are generally brand new, and lag by at most 3-5 days (in times of high listing volume the lag can be a little more, but not as much as with sales).

The fifth and sixth columns show the difference between average list price and sell price in dollar figures and percentages. Hot markets see properties sell within 1%-1.5% of list price.

The last column is days on market (DOMs). In most real estate markets 60 DOMs is by no means bad, and would often be regarded as great. In the Lower Mainland, especially compared to the last decade, it is high. Hot markets see DOMs like 30.


 

Snapshot

New Listings 558

Price Changes 82

Sold Listings 534

 

Sell/List

The sell/list is a simple measure of demand that divides a given number of sales by the number of new listings taken during the same period. It is expressed as a percentage. In a hot market, we sell more properties than we list, so the number exceeds 100%. Markets like that commonly see multiple offers over list price. Slow markets, on the other hand are characterized by low sell/lists, below 35%.

 

Today’s sell/list was 95.70%

 

Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.

June 20, 2016 Vancouver Real Estate Sales Statistics

June 20, 2016 Vancouver Real Estate Sales Statistics for the REBGV and FVREB

 

Real Estate Board of Greater Vancouver (REBGV) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-2096$1,220,978$1,218,427$2,5510.2117

 

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-2094$665,352$668,435$-3,082-0.4614

 

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-20190$946,090$946,326$-236-0.0215

 

How to read these tables:

The first column is date, which is self-explanatory. The second is the number of sales in the specific area. Sales include detached, attached, apartment, land only and multi-family. Multi-family tends to include smaller multi-unit buildings rather than apartment buildings, which usually turn up on the commercial MLS system. There are also few multi-family sales each week. The third column is average list price for the day – in other words, the total of all list prices divided by the number of new listings. The fourth column is the average sales price of all sales reported that day. the sales are reported after subjects are removed, and can be from 0 to perhaps 14 days old. Listings, by comparison, are generally brand new, and lag by at most 3-5 days (in times of high listing volume the lag can be a little more, but not as much as with sales).

The fifth and sixth columns show the difference between average list price and sell price in dollar figures and percentages. Hot markets see properties sell within 1%-1.5% of list price.

The last column is days on market (DOMs). In most real estate markets 60 DOMs is by no means bad, and would often be regarded as great. In the Lower Mainland, especially compared to the last decade, it is high. Hot markets see DOMs like 30.


 

Snapshot

New Listings 547

Price Changes 79

Sold Listings 190

 

Sell/List

The sell/list is a simple measure of demand that divides a given number of sales by the number of new listings taken during the same period. It is expressed as a percentage. In a hot market, we sell more properties than we list, so the number exceeds 100%. Markets like that commonly see multiple offers over list price. Slow markets, on the other hand are characterized by low sell/lists, below 35%.

 

Today’s sell/list was 34.73%

 

Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.

June 17, 2016 Vancouver Real Estate Sales Statistics

June 17, 2016 Vancouver Real Estate Sales Statistics for the REBGV and FVREB

 

Real Estate Board of Greater Vancouver (REBGV) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-1776$885,193$899,414$-14,220-1.6116

 

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-17120$679,924$701,526$-21,602-3.1822

 

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-17196$759,518$778,258$-18,739-2.4720

 

How to read these tables:

The first column is date, which is self-explanatory. The second is the number of sales in the specific area. Sales include detached, attached, apartment, land only and multi-family. Multi-family tends to include smaller multi-unit buildings rather than apartment buildings, which usually turn up on the commercial MLS system. There are also few multi-family sales each week. The third column is average list price for the day – in other words, the total of all list prices divided by the number of new listings. The fourth column is the average sales price of all sales reported that day. the sales are reported after subjects are removed, and can be from 0 to perhaps 14 days old. Listings, by comparison, are generally brand new, and lag by at most 3-5 days (in times of high listing volume the lag can be a little more, but not as much as with sales).

The fifth and sixth columns show the difference between average list price and sell price in dollar figures and percentages. Hot markets see properties sell within 1%-1.5% of list price.

The last column is days on market (DOMs). In most real estate markets 60 DOMs is by no means bad, and would often be regarded as great. In the Lower Mainland, especially compared to the last decade, it is high. Hot markets see DOMs like 30.


 

Snapshot

New Listings 347

Price Changes 67

Sold Listings 196

 

Sell/List

The sell/list is a simple measure of demand that divides a given number of sales by the number of new listings taken during the same period. It is expressed as a percentage. In a hot market, we sell more properties than we list, so the number exceeds 100%. Markets like that commonly see multiple offers over list price. Slow markets, on the other hand are characterized by low sell/lists, below 35%.

 

Today’s sell/list was 56.48%

 

Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.

June 16, 2016 Vancouver Real Estate Sales Statistics

June 16, 2016 Vancouver Real Estate Sales Statistics for the REBGV and FVREB

 

Real Estate Board of Greater Vancouver (REBGV) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-16403$1,066,562$1,082,265$-15,703-1.4723

 

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-16112$671,027$688,224$-17,197-2.5622

 

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-16515$980,543$996,571$-16,028-1.6323

 

How to read these tables:

The first column is date, which is self-explanatory. The second is the number of sales in the specific area. Sales include detached, attached, apartment, land only and multi-family. Multi-family tends to include smaller multi-unit buildings rather than apartment buildings, which usually turn up on the commercial MLS system. There are also few multi-family sales each week. The third column is average list price for the day – in other words, the total of all list prices divided by the number of new listings. The fourth column is the average sales price of all sales reported that day. the sales are reported after subjects are removed, and can be from 0 to perhaps 14 days old. Listings, by comparison, are generally brand new, and lag by at most 3-5 days (in times of high listing volume the lag can be a little more, but not as much as with sales).

The fifth and sixth columns show the difference between average list price and sell price in dollar figures and percentages. Hot markets see properties sell within 1%-1.5% of list price.

The last column is days on market (DOMs). In most real estate markets 60 DOMs is by no means bad, and would often be regarded as great. In the Lower Mainland, especially compared to the last decade, it is high. Hot markets see DOMs like 30.


 

Snapshot

New Listings 309

Price Changes 61

Sold Listings 515

 

Sell/List

The sell/list is a simple measure of demand that divides a given number of sales by the number of new listings taken during the same period. It is expressed as a percentage. In a hot market, we sell more properties than we list, so the number exceeds 100%. Markets like that commonly see multiple offers over list price. Slow markets, on the other hand are characterized by low sell/lists, below 35%.

 

Today’s sell/list was 166.67%

 

Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.

June 15, 2016 Vancouver Real Estate Sales Statistics

June 15, 2016 Vancouver Real Estate Sales Statistics for the REBGV and FVREB

 

Real Estate Board of Greater Vancouver (REBGV) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-15189$1,002,510$1,014,765$-12,255-1.2220

 

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-15148$714,488$724,782$-10,294-1.4419

 

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2016-06-15337$876,019$887,413$-11,393-1.3020

 

How to read these tables:

The first column is date, which is self-explanatory. The second is the number of sales in the specific area. Sales include detached, attached, apartment, land only and multi-family. Multi-family tends to include smaller multi-unit buildings rather than apartment buildings, which usually turn up on the commercial MLS system. There are also few multi-family sales each week. The third column is average list price for the day – in other words, the total of all list prices divided by the number of new listings. The fourth column is the average sales price of all sales reported that day. the sales are reported after subjects are removed, and can be from 0 to perhaps 14 days old. Listings, by comparison, are generally brand new, and lag by at most 3-5 days (in times of high listing volume the lag can be a little more, but not as much as with sales).

The fifth and sixth columns show the difference between average list price and sell price in dollar figures and percentages. Hot markets see properties sell within 1%-1.5% of list price.

The last column is days on market (DOMs). In most real estate markets 60 DOMs is by no means bad, and would often be regarded as great. In the Lower Mainland, especially compared to the last decade, it is high. Hot markets see DOMs like 30.


 

Snapshot

New Listings 418

Price Changes 76

Sold Listings 337

 

Sell/List

The sell/list is a simple measure of demand that divides a given number of sales by the number of new listings taken during the same period. It is expressed as a percentage. In a hot market, we sell more properties than we list, so the number exceeds 100%. Markets like that commonly see multiple offers over list price. Slow markets, on the other hand are characterized by low sell/lists, below 35%.

 

Today’s sell/list was 80.62%

 

Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.