Newsletter E-market update
June 17, 2015
June 2015 Newsletter
Metro Vancouver home sales surpass 4,000 for the third consecutive month
It continues to be a competitive spring market for Metro Vancouver home buyers. This competition continues to put upward pressure on home prices, particularly in the detached home market. Last month’s sales were 16.7 per cent above the 10-year sales average for the month.
The Real Estate Board of Greater Vancouver reports that residential property sales in Metro Vancouver reached 4,046 in May 2015. This represents a 23.4 per cent increase compared to 3,286 sales recorded in May 2014 and a decrease of 2.9 per cent compared to the 4,179 sales in April 2015.
While the completion is strong for homes priced right in this seller’s market, it is important to remember that real estate is hyper local, and conditions and prices vary depending on property type, neighborhood and other factors.
New listings for detached, attached and apartment properties in Metro Vancouver totaled 5,541 in May 2015. This represents a 5 per cent decrease compared to 5,936 listings reported in May 2014. The sales to active listings ratio in May was 32.9 per cent. This is the highest that this ratio has been in Metro Vancouver since June 2007.
Royal LePage on the move
My office, Royal LePage Westside will be moving soon to #201-2107 West 40th Ave in Kerrisdale. This former Prudential United office and their realtors have joined the Royal LePage Westside network. We will now have 96 realtors working for you out of this office once the renovations are complete and we have moved in. I will keep you updated on our move.
- Over 18 years of experience in your market area.
- Professional and honest expertise.
- A full service and extensive marketing plan to maximize the sale price of your home.
when it is time to sell…call me first!!!
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This communication is not intended to cause or induce a breach of any existing agency agreement.