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Selection broadens and demand eases to kick off 2012 in the Greater Vancouver housing market VANCOUVER, B.C. – February 6, 2012 – Greater Vancouver home sellers were more active than buyers in January and overall home prices, according to the new MLS® Home Price Index (MLS® HPI), continued to experience more stability and less fluctuation compared to the beginning of 2011. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,577 on the Multiple Listing Service® (MLS®) in January 2012. This represents a 4.9 per cent decrease compared to the 1,658 sales recorded in December 2011, a decrease of 13.3 per cent compared to the 1,819 sales in January 2011 and an 18 per cent decline from the 1,923 home sales in January 2010. January sales in Greater Vancouver were the second lowest January total in the region since 2002, though only 146 sales below the 10-year average. “We’re seeing trends emerge in our market that favour buyers, such as increased selection and more stability in pricing compared to this time last year,” Rosario Setticasi, REBGV president said. “Last month’s activity tells us that competition amongst home buyers was reduced in January, which means that individuals looking to purchase a home had more time to do their homework, consult with their REALTOR®, and make a decision.” New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,756 in January. This represents a 19.9 per cent increase compared to the 4,801 new listings reported in January 2011, and a 253.3 per cent increase compared to the 1,629 new listings reported in December 2011. Last month’s new listing count was the highest January total in Greater Vancouver since 1995. The total number of properties currently listed for sale on the Greater Vancouver MLS® is 12,544, a 12.5 per cent increase compared to December 2011 and an increase of 20.2 per cent compared to January 2011.
New MLS® Home Price Index launches in Canada
Today marks the launch of the MLS® Home Price Index (MLS® HPI), the best and purest way of determining price trends in the housing market. The MLS® HPI was pioneered by six founding partners: the real estate boards of Calgary, Fraser Valley, Greater Montreal, Greater Vancouver, and Toronto and the Canadian Real Estate Association. The partners contracted with Altus Group to develop the MLS® HPI which measures home price trends in the five major markets serviced by those boards. The new index replaces the MLSLink Housing Price Index, which had been used by Greater Vancouver and Fraser Valley REALTORS® since the mid 1990s. MLS® HPI statistics should not be compared with previous MLSLink HPI statistics.1 “The MLS® HPI is a national collaboration intended to give the public a more reliable and comprehensive tool to understand home price trends across the country,” Setticasi said. The MLS® HPI benchmark price for all residential properties in Greater Vancouver currently sits at $660,600, up 5.7 per cent compared to January 2011 and down 0.1 per cent compared to December 2011. The MLS® HPI also tracks home prices across the Lower Mainland.2 The benchmark price for all residential properties in the Lower Mainland is $593,300, an increase of 5 per cent compared to January 2011. Sales of detached properties on the MLS® in January 2012 reached 659, a decline of 16.9 per cent from the 793 detached sales recorded in January 2011, and a 6.5 per cent decrease from the 705 units sold in January 2010. The benchmark price for detached properties increased 11.3 per cent from January 2011 to $1,034,700.
Continued overleaf For more information please contact: Craig Munn, Assistant Manager, Communications Real Estate Board of Greater Vancouver Phone: (604) 730-3146 Fax: (604) 730-3102 E-mail: [email protected]
also available at www.realtylink.org
Sales of apartment properties reached 657 in January 2012, a decline of 7.9 per cent compared to the 713 sales in January 2011, and a decrease of 26.3 per cent compared to the 891 sales in January 2010.The benchmark price of an apartment property increased 2.4 per cent from January 2011 to $371,500. Attached property sales in January 2012 totalled 261, a decline of 16.6 per cent compared to the 313 sales in January 2011, and a 20.2 per cent decrease from the 327 attached properties sold in January 2010. The benchmark price of a townhome3 unit declined 0.5 per cent between January 2011 and 2012 to $468,000. Editor’s notes: 1. The new MLS® HPI will be indexed to equal 100 in January 2005. The previous MLSLink HPI was indexed to 2001. Sales prior to 2005 will not be considered in the MLS® HPI. Click here to view more detailed information on the MLS® HPI. 2. The Lower Mainland includes the areas serviced by both the Real Estate Board of Greater Vancouver and the Fraser Valley Real Estate Board, and is comprised of communities from Whistler to Abbotsford. 3. Townhome properties are similar to attached properties, a category that was used in the previous MLSLink HPI, but do not included duplexes.
-30The real estate industry is a key economic driver in British Columbia. In 2011, 32,390 homes changed ownership in the Board's area, generating $1.36 billion in spin-off activity and 9,069.2 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancouver totalled $21 billion in 2010. The Real Estate Board of Greater Vancouver is an association representing more than 10,900 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, Communications Real Estate Board of Greater Vancouver Phone: (604) 730-3146 Fax: (604) 730-3102 E-mail: [email protected]
also available at www.realtylink.org
January 2012
* Benchmark Price
Price Index
Residential / Composite Lower Mainland Greater Vancouver Bowen Island Burnaby East Burnaby North Burnaby South Coquitlam Ladner Maple Ridge New Westminster North Vancouver Pitt Meadows Port Coquitlam Port Moody Richmond Squamish Sunshine Coast Tsawwassen Vancouver East Vancouver West West Vancouver Whistler
$593,300 $660,600 $559,800 $585,600 $540,900 $567,700 $497,800 $523,700 $390,900 $371,700 $656,000 $377,200 $402,500 $482,600 $624,400 $395,100 $359,500 $588,100 $600,600 $933,600 $1,608,800 $511,100
152.8 158.5 122.0 153.5 154.4 159.7 144.4 146.8 131.9 153.8 142.3 135.9 142.0 134.2 171.2 123.5 126.1 144.5 173.1 171.4 163.0 152.1
0.0% 0.1% 0.1% -0.3% 0.8% -0.6% -0.6% -0.3% 0.4% 0.3% 0.5% -0.7% -0.1% -0.4% -0.6% 0.6% -0.9% -2.8% -0.5% 1.3% -1.2% -0.6%
-0.5% -0.4% -5.7% 1.7% -0.5% -2.4% -2.0% -2.6% -1.0% -1.6% 1.2% -1.7% 0.0% -0.5% 0.3% 1.0% -2.7% -4.0% -1.0% 0.5% -1.1% -0.1%
-1.0% -1.1% -7.4% -0.3% -1.2% -3.4% -2.6% -2.6% -2.2% -1.9% 0.4% -3.2% -1.7% -3.1% -0.7% -2.1% -4.5% -3.3% -0.6% 0.2% -1.2% -6.8%
5.0% 5.7% 1.2% 5.7% 4.4% 5.3% 2.7% 3.5% 0.4% 3.6% 5.3% -0.3% 2.7% -0.9% 5.4% 0.7% 3.4% 7.0% 8.4% 7.7% 14.5% 3.5%
17.0% 21.5% 0.6% 17.9% 19.4% 21.4% 12.4% 13.1% 4.6% 13.4% 15.8% 5.9% 8.2% 4.4% 28.2% -4.2% 1.2% 13.6% 26.1% 31.3% 34.8% 16.6%
17.1% 22.1% -2.6% 17.4% 19.0% 24.1% 11.7% 17.3% 3.5% 13.6% 14.6% 4.1% 8.4% 4.4% 32.0% 5.3% -1.3% 14.2% 29.7% 30.2% 27.4% 30.9%
Single Family Detached Lower Mainland Greater Vancouver Bowen Island Burnaby East Burnaby North Burnaby South Coquitlam Islands - Gulf Ladner Maple Ridge New Westminster North Vancouver Pitt Meadows Port Coquitlam Port Moody Richmond Squamish Sunshine Coast Tsawwassen Vancouver East Vancouver West West Vancouver Whistler
$848,800 $1,034,700 $552,200 $728,800 $905,200 $947,800 $684,600 $307,500 $620,400 $465,500 $655,300 $957,800 $507,800 $549,100 $784,900 $1,004,300 $501,600 $364,800 $685,100 $827,500 $2,204,500 $1,831,500 $861,100
161.2 173.8 120.4 168.4 174.4 180.9 152.3 118.0 148.0 131.0 169.0 152.6 140.7 147.6 144.7 202.2 132.2 125.7 145.9 184.1 229.5 168.3 129.3
-0.1% -0.1% -1.0% -0.6% 0.3% 0.3% -0.5% 0.0% -1.5% 0.6% 0.3% -0.6% 2.2% 0.2% -1.3% -0.7% -0.3% -0.6% -4.6% 0.7% 1.1% -1.3% -2.0%
-0.2% -0.2% -5.6% 1.5% -1.3% 0.0% 0.0% -1.6% -4.0% -1.6% 0.2% 1.9% -0.8% 1.2% -2.6% -0.9% 4.4% -0.7% -5.0% 0.7% -0.2% 1.2% 1.7%
-0.2% -0.3% -7.9% 1.0% 0.6% -0.8% -0.7% -1.4% -4.5% -2.7% -0.2% 1.7% -0.4% -0.4% -3.8% -2.2% 3.0% -2.8% -5.0% 1.1% 1.1% 1.6% -0.3%
9.2% 11.3% -0.8% 8.6% 12.3% 15.5% 6.1% 4.7% 3.9% 1.5% 7.1% 11.0% 6.1% 5.7% 2.1% 8.0% 6.7% 2.9% 9.9% 12.9% 21.4% 18.2% 2.9%
26.6% 35.6% 1.7% 30.2% 35.8% 42.8% 20.0% -0.4% 15.9% 6.2% 29.4% 27.2% 15.1% 16.8% 11.9% 48.7% 8.9% 1.5% 19.0% 41.3% 69.0% 35.9% 6.0%
25.7% 36.2% -1.4% 32.2% 38.6% 40.1% 19.1% -2.7% 16.9% 5.2% 31.7% 24.4% 11.0% 16.9% 14.0% 54.7% 11.6% 1.0% 16.9% 41.8% 74.1% 33.7% 9.1%
$407,300 $468,000 $421,600 $427,600 $429,900 $377,400 $452,600 $274,800 $384,200 $523,800 $313,200 $369,000 $403,600 $502,300 $298,900
142.6 148.2 147.2 154.7 151.1 137.2 148.8 133.7 142.5 124.4 134.8 141.0 134.0 162.1 109.7
-0.9% -0.7% -2.5% -0.8% -0.5% -0.4% 1.6% -0.7% -1.1% 0.6% -4.1% -1.3% -0.2% -1.5% 0.0%
-1.0% -1.2% 1.7% -2.5% -1.2% -2.8% 2.8% -4.1% -1.0% -6.5% -1.7% 0.1% -2.7% -2.5% -5.5%
-1.9% -2.1% -0.8% -3.4% -1.6% -4.3% -1.6% -3.7% -3.5% -6.3% -9.0% -1.7% -6.0% -1.6% -11.9%
0.2% -0.5% 1.2% 0.0% 1.3% 2.5% -0.5% -2.8% -1.1% -1.4% -5.9% 1.5% -3.2% 2.4% -6.7%
9.7% 13.9% 10.3% 19.0% 16.3% 7.6% 17.9% 1.1% 12.9% 0.4% 1.8% 8.5% 3.5% 21.9% -14.8%
10.5% 15.3% 14.2% 19.6% 19.9% 6.9% 16.7% 1.4% 11.6% 0.1% 3.5% 7.6% 3.5% 26.7% -5.3%
Property Type
Townhouse
Area
Lower Mainland Greater Vancouver Burnaby East Burnaby North Burnaby South Coquitlam Ladner Maple Ridge New Westminster North Vancouver Pitt Meadows Port Coquitlam Port Moody Richmond Squamish
1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Change % Change % Change % Change % Change % Change %
January 2012
* Property Type
Apartment
Benchmark Price
Price Index
Tsawwassen Vancouver East Vancouver West Whistler
$474,800 $516,600 $682,900 $427,000
142.7 167.0 155.0 122.9
0.3% -0.9% 0.1% 0.7%
-3.3% -0.5% 6.5% -4.9%
-7.9% 1.6% 4.2% -12.4%
-7.3% 8.7% -8.9% -6.8%
13.1% 22.1% 24.0% -4.5%
11.9% 22.6% 21.1% 6.0%
Lower Mainland Greater Vancouver Burnaby East Burnaby North Burnaby South Coquitlam Ladner Maple Ridge New Westminster North Vancouver Pitt Meadows Port Coquitlam Port Moody Richmond Squamish Tsawwassen Vancouver East Vancouver West West Vancouver Whistler
$344,200 $371,500 $360,200 $340,900 $373,300 $252,100 $305,500 $181,500 $270,100 $340,800 $220,000 $233,600 $304,000 $354,100 $225,100 $332,300 $298,900 $472,600 $607,200 $237,000
147.8 149.3 136.7 139.6 150.3 137.8 147.3 132.6 151.6 138.1 128.2 137.9 125.8 149.7 108.0 138.3 163.3 154.0 131.8 221.5
0.3% 0.3% 1.0% 0.6% -1.2% -1.4% -1.3% 0.3% 0.1% 1.0% 0.3% 0.4% 0.5% -0.1% 0.7% -1.8% -0.5% 1.3% -2.3% -3.4%
0.3% 0.4% 1.2% -1.2% -3.8% -2.6% -2.4% -2.1% -2.5% 2.8% -4.3% -0.6% 1.8% 3.4% 6.1% -3.8% -1.6% 2.0% -5.6% 2.7%
-1.4% -1.3% -5.6% -2.2% -6.1% -3.5% -1.1% -0.7% -2.6% -0.7% -3.1% -2.7% 0.2% 1.4% -4.1% -2.9% -2.4% -0.1% -3.1% -10.8%
2.1% 2.4% -1.6% -0.2% -0.2% -2.3% 3.3% -3.8% 2.4% -0.2% -4.8% -0.4% -2.5% 4.2% -15.8% 0.7% 2.6% 4.8% -0.5% 4.8%
9.9% 12.9% -0.7% 8.1% 12.5% 7.0% 7.5% 0.3% 9.0% 11.2% -3.0% -0.3% -0.6% 14.2% -22.2% 0.9% 12.2% 19.0% 7.2% 59.5%
10.1% 12.6% -3.7% 6.1% 15.5% 3.5% 16.1% -3.8% 9.1% 9.0% -7.0% 0.5% -1.7% 14.6% -4.8% 9.0% 17.1% 16.8% 1.8% 95.3%
Area
1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Change % Change % Change % Change % Change % Change %
HOW TO READ THE TABLE: BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market. PRICE INDEX: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales. In January 2005, the indexes are set to 100 Key: ** = Sales sample too small; Price information not reported. The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN. * MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association
*
Jan 2012 Nov 2011 Sep 2011 Jul 2011 May 2011 Mar 2011 Jan 2011 Apartment
Nov 2010 Sep 2010 Jul 2010 May 2010
Townhouse
Nov 2009 Sep 2009 Jul 2009
Detached
May 2009 Mar 2009 Jan 2009 Nov 2008
Residential
Sep 2008 Jul 2008 May 2008 Mar 2008 Jan 2008 Nov 2007 Sep 2007 Jul 2007 May 2007 Mar 2007 90
100
110
120
130
140
150
160
170
Jan 2007 180
Jan 2005 HPI = 100
C:\DATA\MonthEnd\Hpi\export\hi_res\gv-hpi2.tif
Jan 2010
Price Index
Greater Vancouver 5 Year Trend
Mar 2010
Median Selling Price
Number of Sales
Median Selling Price
Number of Sales
Median Selling Price
Number of Sales
Median Selling Price
Number of Sales
Median Selling Price
$796,500
$510,000
$362,500
Attached
Apartment
40
Attached
Detached
76
Detached
111
$350,500
Apartment
Apartment
$470,000
Attached
40
Attached
$920,000
59
Detached
Detached
$362,500
Apartment
67
$510,000
Attached
Apartment
$796,500
40
Attached
Detached
76
Detached
111
$322,175
Apartment
$478,950
Apartment
40
Attached
Attached
65
Detached
$895,000
$350,500
Apartment
Detached
$470,000
Attached
104
$920,000
Detached
Apartment
67
40
Attached
Apartment
59
Detached
Coquit lam $278,000
$494,900
$684,000
39
38
65
$291,000
$437,500
$727,900
49
22
74
$278,000
$494,900
$684,000
39
38
65
$329,000
$485,000
$719,900
44
21
84
$291,000
$437,500
$727,900
49
22
74
Delta South n/a
n/a
$588,000
4
3
30
n/a
n/a
n/a
5
3
17
n/a
n/a
$588,000
4
3
30
n/a
n/a
n/a
9
7
18
n/a
n/a
n/a
5
3
17
Islands - Gulf n/a
n/a
n/a
0
0
2
n/a
n/a
n/a
0
1
1
n/a
n/a
n/a
0
0
2
n/a
n/a
n/a
0
0
0
n/a
n/a
n/a
0
1
1
n/a
$298,819
$457,943
10
26
66
$226,000
$301,500
$470,000
25
26
53
n/a
$298,819
$457,943
10
26
66
$205,900
$286,000
$490,000
37
21
72
$226,000
$301,500
$470,000
25
26
n/a
n/a
52
7
13
$315,000
n/a
n/a
45
7
12
$292,700
n/a
n/a
52
7
13
$315,000
n/a
n/a
45
7
12
$295,000
n/a
n/a
62
6
6
$292,700
Maple R id g e/Pitt M eadow s 53
$349,000
$540,000
$897,500
34
22
46
$392,500
$714,500
$938,000
48
26
57
$349,000
$540,000
$897,500
34
22
46
$380,000
n/a
$982,000
62
17
53
$392,500
$714,500
$938,000
48
26
57
North Vanco uver
Note: Median Selling Prices are not reported for areas with less than 20 sales or for the Gulf Islands
Year-to-date
Jan. Jan. 2011
Year-to-date
Jan. Jan. 2012
January 2011
December 2011
January 2012
Number of Sales
January 2012
2012
Port C oquitla m n/a
n/a
$503,933
13
17
22
n/a
n/a
$522,000
18
14
23
n/a
n/a
$503,933
13
17
22
n/a
n/a
n/a
18
16
16
n/a
n/a
$522,000
18
14
23
n/a
n/a
n/a
13
15
7
n/a
n/a
n/a
15
9
14
n/a
n/a
n/a
13
15
7
n/a
n/a
n/a
18
18
14
n/a
n/a
n/a
15
9
124
74
162
$346,000
$499,000
$965,000
75
41
62
$330,000
$508,500
$978,888
72
52
89
Richm ond $341,500
$517,500
$1,021,500
124
74
162
$330,000
$508,500
$978,888
72
52
89
$341,500
$517,500
$1,021,500
Port M oody/B elcarra 14
n/a
n/a
n/a
2
2
5
n/a
n/a
n/a
1
2
13
n/a
n/a
n/a
2
2
5
n/a
n/a
n/a
6
7
12
n/a
n/a
n/a
1
2
13
Squam ish
19
n/a
n/a
n/a
3
2
16
n/a
n/a
$362,950
2
2
22
n/a
n/a
n/a
3
2
16
n/a
n/a
$370,000
2
1
23
n/a
n/a
$362,950
2
2
22
Sunsh ine Co ast
1
y
Burnab
er New W estmin st
Vanco uver E ast $332,500
n/a
$750,000
74
19
99
$333,000
n/a
$851,000
68
14
93
$332,500
n/a
$750,000
74
19
99
$320,500
n/a
$823,500
51
15
95
$333,000
n/a
$851,000
68
14
93
Vanco uver W est $478,800
$821,000
$2,030,000
226
36
134
$460,000
$843,250
$2,095,000
211
26
86
$478,800
$821,000
$2,030,000
226
36
134
$474,000
$750,000
$2,075,000
262
31
62
$460,000
$843,250
$2,095,000
211
26
86
Sound n/a
n/a
$1,405,000
8
5
46
n/a
n/a
$2,071,080
10
3
39
n/a
n/a
$1,405,000
8
5
46
n/a
n/a
$1,600,000
11
0
38
n/a
n/a
$2,071,080
10
3
39
Wes t V a n couve r/Howe
MLS® SALES Facts
n/a
n/a
n/a
7
7
5
n/a
n/a
n/a
14
14
6
n/a
n/a
n/a
7
7
5
n/a
n/a
n/a
13
13
10
n/a
n/a
n/a
14
14
6
Whistl er/Pem berton n/a
713
313
793
n/a
657
261
659
n/a
713
313
793
n/a
774
254
630
n/a
657
261
659
% Sales to Listings
Number of Listings
% Sales to Listings
Number of Listings
% Sales to Listings
Number of Listings
% Sales to Listings
Number of Listings
% Sales to Listings
61%
34%
43%
Apartment
116
Attached
Attached
124
Detached
Detached
22%
Apartment
256
33%
Apartment
33%
120
Attached
Attached
181
Detached
Detached
43%
Apartment
307
34%
Apartment
61%
Attached
116
Attached
Detached
124
Detached
256
101%
Apartment
105%
Apartment
38
Attached
Attached
66
Detached
98%
22%
Apartment
Detached
33%
Attached
103
33%
Detached
Apartment
307
120
Attached
Apartment
181
Detached
Coquit lam 32%
53%
40%
122
72
161
36%
27%
43%
135
81
171
32%
53%
40%
122
72
161
81%
105%
135%
54
20
62
36%
27%
43%
135
81
171
Delta South 25%
21%
41%
16
14
74
14%
23%
24%
36
13
70
25%
21%
41%
16
14
74
90%
233%
106%
10
3
17
14%
23%
24%
36
13
70
Islands - Gulf 0%
n/a
20%
2
0
10
n/a
100%
20%
0
1
5
0%
n/a
20%
2
0
10
n/a
n/a
0%
0
0
6
n/a
100%
20%
0
1
5
13%
41%
35%
75
64
189
43%
46%
21%
58
56
255
13%
41%
35%
75
64
189
206%
140%
131%
18
15
55
43%
46%
21%
58
56
255
Maple R id g e/Pitt M eadow s 27%
41%
27%
164
17
45
32%
33%
34%
161
21
38
27%
41%
27%
164
17
45
107%
300%
60%
58
2
10
32%
33%
34%
161
21
38
* Year-to-date listings represent a cumulative total of listings rather than total active listings.
Year-to-date*
Jan. Jan. 2011
Year-to-date*
Jan. Jan. 2012
January 2011
December 2011
January 2012
Number of Listings
January 2012
2012
North Vanco uver 26%
45%
33%
132
49
138
28%
43%
40%
174
61
144
26%
45%
33%
132
49
138
127%
170%
166%
49
10
32
28%
43%
40%
174
61
144
Port C oquitla m 19%
52%
38%
67
33
58
33%
50%
59%
54
28
39
19%
52%
38%
67
33
58
82%
133%
100%
22
12
16
33%
50%
59%
54
28
39
Port M oody/B elcarra 19%
60%
20%
68
25
35
33%
20%
30%
45
44
46
19%
60%
20%
68
25
35
180%
200%
127%
10
9
11
33%
20%
30%
45
44
46
Richm ond 50%
55%
50%
248
135
325
21%
27%
19%
348
195
470
50%
55%
50%
248
135
325
74%
75%
73%
102
55
85
21%
27%
19%
348
195
470
Squam ish 7%
20%
12%
27
10
43
3%
11%
30%
32
18
43
7%
20%
12%
27
10
43
60%
88%
100%
10
8
12
3%
11%
30%
32
18
43
60%
15%
19%
5
13
84
13%
18%
22%
15
11
99
60%
15%
19%
5
13
84
17%
25%
92%
12
4
25
13%
18%
22%
15
11
99
Sunsh ine Co ast
19
43%
33%
50%
173
57
198
39%
32%
40%
175
44
235
43%
33%
50%
173
57
198
82%
250%
127%
62
6
75
39%
32%
40%
175
44
235
Vanco uver E ast
1
y
Burnab
er New W estmin st
Vanco uver W est 33%
29%
45%
684
124
297
27%
21%
18%
775
126
476
33%
29%
45%
684
124
297
120%
119%
70%
218
26
89
27%
21%
18%
775
126
476
Sound 29%
33%
35%
28
15
130
26%
23%
21%
39
13
185
29%
33%
35%
28
15
130
138%
0%
109%
8
5
35
26%
23%
21%
39
13
185
Wes t V a n couve r/Howe
MLS® LISTINGS Facts
20%
22%
42%
35
32
12
35%
35%
18%
40
40
33
20%
22%
42%
35
32
12
38%
54%
38%
34
24
26
35%
35%
18%
40
40
33
Whistl er/Pem berton n/a
2,102
776
1,923
n/a
2,394
872
2,490
n/a
2,102
776
1,923
n/a
770
237
622
n/a
2,394
872
2,490
Listing & Sales Activity Summary Listings
Sales
1 Jan 2011
2 Dec 2011
3 Jan 2012
5 Jan 2011
6 Dec 2011
7 Jan 2012
124 116 256
66 38 103
181 120 307
174.2 215.8 198.1
76 40 111
65 40 104
59 40 67
-9.2 0.0 -35.6
243 149 361
208 162 291
-14.4 8.7 -19.4
161 72 122
62 20 54
171 81 135
175.8 305.0 150.0
65 38 39
84 21 44
74 22 49
-11.9 4.8 11.4
209 103 140
247 75 148
18.2 -27.2 5.7
74 14 16
17 3 10
70 13 36
311.8 333.3 260.0
30 3 4
18 7 9
17 3 5
-5.6 -57.1 -44.4
94 9 31
61 15 22
-35.1 66.7 -29.0
189 64 75
55 15 18
255 56 58
363.6 273.3 222.2
66 26 10
72 21 37
53 26 25
-26.4 23.8 -32.4
213 88 46
218 87 100
2.3 -1.1 117.4
138 49 132
32 10 49
144 61 174
350.0 510.0 255.1
46 22 34
53 17 62
57 26 48
7.5 52.9 -22.6
178 58 152
186 88 190
4.5 51.7 25.0
45 17 164
10 2 58
38 21 161
280.0 950.0 177.6
12 7 45
6 6 62
13 7 52
116.7 16.7 -16.1
71 12 174
39 22 177
-45.1 83.3 1.7
35 25 68
11 9 10
46 44 45
318.2 388.9 350.0
7 15 13
14 18 18
14 9 15
0.0 -50.0 -16.7
41 42 57
46 54 56
12.2 28.6 -1.8
58 33 67
16 12 22
39 28 54
143.8 133.3 145.5
22 17 13
16 16 18
23 14 18
43.8 -12.5 0.0
85 65 51
78 47 59
-8.2 -27.7 15.7
325 135 248
85 55 102
470 195 348
452.9 254.5 241.2
162 74 124
62 41 75
89 52 72
43.5 26.8 -4.0
452 227 410
252 169 242
-44.2 -25.6 -41.0
84 13 5
25 4 12
99 11 15
296.0 175.0 25.0
16 2 3
23 1 2
22 2 2
-4.3 100.0 0.0
82 12 7
79 6 5
-3.7 -50.0 -28.6
43 10 27
12 8 10
43 18 32
258.3 125.0 220.0
5 2 2
12 7 6
13 2 1
8.3 -71.4 -83.3
31 9 13
45 15 10
45.2 66.7 -23.1
198 57 173
75 6 62
235 44 175
213.3 633.3 182.3
99 19 74
95 15 51
93 14 68
-2.1 -6.7 33.3
317 72 225
300 59 220
-5.4 -18.1 -2.2
297 124 684
89 26 218
476 126 775
434.8 384.6 255.5
134 36 226
62 31 262
86 26 211
38.7 -16.1 -19.5
411 138 847
269 105 833
-34.5 -23.9 -1.7
12 32 35
26 24 34
33 40 40
26.9 66.7 17.6
5 7 7
10 13 13
6 14 14
-40.0 7.7 7.7
14 37 25
31 43 43
121.4 16.2 72.0
130 15 28
35 5 8
185 13 39
428.6 160.0 387.5
46 5 8
38 0 11
39 3 10
2.6 300.0 -9.1
165 18 37
143 11 35
-13.3 -38.9 -5.4
1913 776 2100
616 237 770
2485 871 2394
303.4 267.5 210.9
791 313 713
630 254 774
658 260 657
4.4 2.4 -15.1
2606 1039 2576
2202 958 2431
-15.5 -7.8 -5.6
BURNABY DETACHED ATTACHED APARTMENTS
Col. 2 & 3 Percentage Variance
%
Col. 6 & 7 Percentage Variance
9 Nov 2010 Jan 2011
10 Nov 2011 Jan 2012
%
Col. 9 & 10 Percentage Variance
%
COQUITLAM DETACHED ATTACHED APARTMENTS
DELTA DETACHED ATTACHED APARTMENTS
MAPLE RIDGE/PITT MEADOWS DETACHED ATTACHED APARTMENTS
NORTH VANCOUVER DETACHED ATTACHED APARTMENTS
NEW WESTMINSTER DETACHED ATTACHED APARTMENTS
PORT MOODY/BELCARRA DETACHED ATTACHED APARTMENTS
PORT COQUITLAM DETACHED ATTACHED APARTMENTS
RICHMOND DETACHED ATTACHED APARTMENTS
SUNSHINE COAST DETACHED ATTACHED APARTMENTS
SQUAMISH DETACHED ATTACHED APARTMENTS
VANCOUVER EAST DETACHED ATTACHED APARTMENTS
VANCOUVER WEST DETACHED ATTACHED APARTMENTS
WHISTLER DETACHED ATTACHED APARTMENTS
WEST VANCOUVER/HOWE SOUND DETACHED ATTACHED APARTMENTS
GRAND TOTALS DETACHED ATTACHED APARTMENTS
0
200
400
600
800
1000
1200
1400
DETACHED
CONDOMINIUM
ATTACHED
APARTMENTS
$439,566
$552,696
$1,145,956
NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.
1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
IN THOUSANDS ($)
Residential Average Sale Prices - January 1977 to January 2012
Selection broadens and demand eases to kick off 2012 in the Greater Vancouver housing market VANCOUVER, B.C. – February 6, 2012 – Greater Vancouver home sellers were more active than buyers in January and overall home prices, according to the new MLS® Home Price Index (MLS® HPI), continued to experience more stability and less fluctuation compared to the beginning of 2011. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,577 on the Multiple Listing Service® (MLS®) in January 2012. This represents a 4.9 per cent decrease compared to the 1,658 sales recorded in December 2011, a decrease of 13.3 per cent compared to the 1,819 sales in January 2011 and an 18 per cent decline from the 1,923 home sales in January 2010. January sales in Greater Vancouver were the second lowest January total in the region since 2002, though only 146 sales below the 10-year average. “We’re seeing trends emerge in our market that favour buyers, such as increased selection and more stability in pricing compared to this time last year,” Rosario Setticasi, REBGV president said. “Last month’s activity tells us that competition amongst home buyers was reduced in January, which means that individuals looking to purchase a home had more time to do their homework, consult with their REALTOR®, and make a decision.” New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,756 in January. This represents a 19.9 per cent increase compared to the 4,801 new listings reported in January 2011, and a 253.3 per cent increase compared to the 1,629 new listings reported in December 2011. Last month’s new listing count was the highest January total in Greater Vancouver since 1995. The total number of properties currently listed for sale on the Greater Vancouver MLS® is 12,544, a 12.5 per cent increase compared to December 2011 and an increase of 20.2 per cent compared to January 2011.
New MLS® Home Price Index launches in Canada
Today marks the launch of the MLS® Home Price Index (MLS® HPI), the best and purest way of determining price trends in the housing market. The MLS® HPI was pioneered by six founding partners: the real estate boards of Calgary, Fraser Valley, Greater Montreal, Greater Vancouver, and Toronto and the Canadian Real Estate Association. The partners contracted with Altus Group to develop the MLS® HPI which measures home price trends in the five major markets serviced by those boards. The new index replaces the MLSLink Housing Price Index, which had been used by Greater Vancouver and Fraser Valley REALTORS® since the mid 1990s. MLS® HPI statistics should not be compared with previous MLSLink HPI statistics.1 “The MLS® HPI is a national collaboration intended to give the public a more reliable and comprehensive tool to understand home price trends across the country,” Setticasi said. The MLS® HPI benchmark price for all residential properties in Greater Vancouver currently sits at $660,600, up 5.7 per cent compared to January 2011 and down 0.1 per cent compared to December 2011. The MLS® HPI also tracks home prices across the Lower Mainland.2 The benchmark price for all residential properties in the Lower Mainland is $593,300, an increase of 5 per cent compared to January 2011. Sales of detached properties on the MLS® in January 2012 reached 659, a decline of 16.9 per cent from the 793 detached sales recorded in January 2011, and a 6.5 per cent decrease from the 705 units sold in January 2010. The benchmark price for detached properties increased 11.3 per cent from January 2011 to $1,034,700.
Continued overleaf For more information please contact: Craig Munn, Assistant Manager, Communications Real Estate Board of Greater Vancouver Phone: (604) 730-3146 Fax: (604) 730-3102 E-mail: [email protected]
also available at www.realtylink.org
Sales of apartment properties reached 657 in January 2012, a decline of 7.9 per cent compared to the 713 sales in January 2011, and a decrease of 26.3 per cent compared to the 891 sales in January 2010.The benchmark price of an apartment property increased 2.4 per cent from January 2011 to $371,500. Attached property sales in January 2012 totalled 261, a decline of 16.6 per cent compared to the 313 sales in January 2011, and a 20.2 per cent decrease from the 327 attached properties sold in January 2010. The benchmark price of a townhome3 unit declined 0.5 per cent between January 2011 and 2012 to $468,000. Editor’s notes: 1. The new MLS® HPI will be indexed to equal 100 in January 2005. The previous MLSLink HPI was indexed to 2001. Sales prior to 2005 will not be considered in the MLS® HPI. Click here to view more detailed information on the MLS® HPI. 2. The Lower Mainland includes the areas serviced by both the Real Estate Board of Greater Vancouver and the Fraser Valley Real Estate Board, and is comprised of communities from Whistler to Abbotsford. 3. Townhome properties are similar to attached properties, a category that was used in the previous MLSLink HPI, but do not included duplexes.
-30The real estate industry is a key economic driver in British Columbia. In 2011, 32,390 homes changed ownership in the Board's area, generating $1.36 billion in spin-off activity and 9,069.2 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancouver totalled $21 billion in 2010. The Real Estate Board of Greater Vancouver is an association representing more than 10,900 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, Communications Real Estate Board of Greater Vancouver Phone: (604) 730-3146 Fax: (604) 730-3102 E-mail: [email protected]
also available at www.realtylink.org
January 2012
* Benchmark Price
Price Index
Residential / Composite Lower Mainland Greater Vancouver Bowen Island Burnaby East Burnaby North Burnaby South Coquitlam Ladner Maple Ridge New Westminster North Vancouver Pitt Meadows Port Coquitlam Port Moody Richmond Squamish Sunshine Coast Tsawwassen Vancouver East Vancouver West West Vancouver Whistler
$593,300 $660,600 $559,800 $585,600 $540,900 $567,700 $497,800 $523,700 $390,900 $371,700 $656,000 $377,200 $402,500 $482,600 $624,400 $395,100 $359,500 $588,100 $600,600 $933,600 $1,608,800 $511,100
152.8 158.5 122.0 153.5 154.4 159.7 144.4 146.8 131.9 153.8 142.3 135.9 142.0 134.2 171.2 123.5 126.1 144.5 173.1 171.4 163.0 152.1
0.0% 0.1% 0.1% -0.3% 0.8% -0.6% -0.6% -0.3% 0.4% 0.3% 0.5% -0.7% -0.1% -0.4% -0.6% 0.6% -0.9% -2.8% -0.5% 1.3% -1.2% -0.6%
-0.5% -0.4% -5.7% 1.7% -0.5% -2.4% -2.0% -2.6% -1.0% -1.6% 1.2% -1.7% 0.0% -0.5% 0.3% 1.0% -2.7% -4.0% -1.0% 0.5% -1.1% -0.1%
-1.0% -1.1% -7.4% -0.3% -1.2% -3.4% -2.6% -2.6% -2.2% -1.9% 0.4% -3.2% -1.7% -3.1% -0.7% -2.1% -4.5% -3.3% -0.6% 0.2% -1.2% -6.8%
5.0% 5.7% 1.2% 5.7% 4.4% 5.3% 2.7% 3.5% 0.4% 3.6% 5.3% -0.3% 2.7% -0.9% 5.4% 0.7% 3.4% 7.0% 8.4% 7.7% 14.5% 3.5%
17.0% 21.5% 0.6% 17.9% 19.4% 21.4% 12.4% 13.1% 4.6% 13.4% 15.8% 5.9% 8.2% 4.4% 28.2% -4.2% 1.2% 13.6% 26.1% 31.3% 34.8% 16.6%
17.1% 22.1% -2.6% 17.4% 19.0% 24.1% 11.7% 17.3% 3.5% 13.6% 14.6% 4.1% 8.4% 4.4% 32.0% 5.3% -1.3% 14.2% 29.7% 30.2% 27.4% 30.9%
Single Family Detached Lower Mainland Greater Vancouver Bowen Island Burnaby East Burnaby North Burnaby South Coquitlam Islands - Gulf Ladner Maple Ridge New Westminster North Vancouver Pitt Meadows Port Coquitlam Port Moody Richmond Squamish Sunshine Coast Tsawwassen Vancouver East Vancouver West West Vancouver Whistler
$848,800 $1,034,700 $552,200 $728,800 $905,200 $947,800 $684,600 $307,500 $620,400 $465,500 $655,300 $957,800 $507,800 $549,100 $784,900 $1,004,300 $501,600 $364,800 $685,100 $827,500 $2,204,500 $1,831,500 $861,100
161.2 173.8 120.4 168.4 174.4 180.9 152.3 118.0 148.0 131.0 169.0 152.6 140.7 147.6 144.7 202.2 132.2 125.7 145.9 184.1 229.5 168.3 129.3
-0.1% -0.1% -1.0% -0.6% 0.3% 0.3% -0.5% 0.0% -1.5% 0.6% 0.3% -0.6% 2.2% 0.2% -1.3% -0.7% -0.3% -0.6% -4.6% 0.7% 1.1% -1.3% -2.0%
-0.2% -0.2% -5.6% 1.5% -1.3% 0.0% 0.0% -1.6% -4.0% -1.6% 0.2% 1.9% -0.8% 1.2% -2.6% -0.9% 4.4% -0.7% -5.0% 0.7% -0.2% 1.2% 1.7%
-0.2% -0.3% -7.9% 1.0% 0.6% -0.8% -0.7% -1.4% -4.5% -2.7% -0.2% 1.7% -0.4% -0.4% -3.8% -2.2% 3.0% -2.8% -5.0% 1.1% 1.1% 1.6% -0.3%
9.2% 11.3% -0.8% 8.6% 12.3% 15.5% 6.1% 4.7% 3.9% 1.5% 7.1% 11.0% 6.1% 5.7% 2.1% 8.0% 6.7% 2.9% 9.9% 12.9% 21.4% 18.2% 2.9%
26.6% 35.6% 1.7% 30.2% 35.8% 42.8% 20.0% -0.4% 15.9% 6.2% 29.4% 27.2% 15.1% 16.8% 11.9% 48.7% 8.9% 1.5% 19.0% 41.3% 69.0% 35.9% 6.0%
25.7% 36.2% -1.4% 32.2% 38.6% 40.1% 19.1% -2.7% 16.9% 5.2% 31.7% 24.4% 11.0% 16.9% 14.0% 54.7% 11.6% 1.0% 16.9% 41.8% 74.1% 33.7% 9.1%
$407,300 $468,000 $421,600 $427,600 $429,900 $377,400 $452,600 $274,800 $384,200 $523,800 $313,200 $369,000 $403,600 $502,300 $298,900
142.6 148.2 147.2 154.7 151.1 137.2 148.8 133.7 142.5 124.4 134.8 141.0 134.0 162.1 109.7
-0.9% -0.7% -2.5% -0.8% -0.5% -0.4% 1.6% -0.7% -1.1% 0.6% -4.1% -1.3% -0.2% -1.5% 0.0%
-1.0% -1.2% 1.7% -2.5% -1.2% -2.8% 2.8% -4.1% -1.0% -6.5% -1.7% 0.1% -2.7% -2.5% -5.5%
-1.9% -2.1% -0.8% -3.4% -1.6% -4.3% -1.6% -3.7% -3.5% -6.3% -9.0% -1.7% -6.0% -1.6% -11.9%
0.2% -0.5% 1.2% 0.0% 1.3% 2.5% -0.5% -2.8% -1.1% -1.4% -5.9% 1.5% -3.2% 2.4% -6.7%
9.7% 13.9% 10.3% 19.0% 16.3% 7.6% 17.9% 1.1% 12.9% 0.4% 1.8% 8.5% 3.5% 21.9% -14.8%
10.5% 15.3% 14.2% 19.6% 19.9% 6.9% 16.7% 1.4% 11.6% 0.1% 3.5% 7.6% 3.5% 26.7% -5.3%
Property Type
Townhouse
Area
Lower Mainland Greater Vancouver Burnaby East Burnaby North Burnaby South Coquitlam Ladner Maple Ridge New Westminster North Vancouver Pitt Meadows Port Coquitlam Port Moody Richmond Squamish
1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Change % Change % Change % Change % Change % Change %
January 2012
* Property Type
Apartment
Benchmark Price
Price Index
Tsawwassen Vancouver East Vancouver West Whistler
$474,800 $516,600 $682,900 $427,000
142.7 167.0 155.0 122.9
0.3% -0.9% 0.1% 0.7%
-3.3% -0.5% 6.5% -4.9%
-7.9% 1.6% 4.2% -12.4%
-7.3% 8.7% -8.9% -6.8%
13.1% 22.1% 24.0% -4.5%
11.9% 22.6% 21.1% 6.0%
Lower Mainland Greater Vancouver Burnaby East Burnaby North Burnaby South Coquitlam Ladner Maple Ridge New Westminster North Vancouver Pitt Meadows Port Coquitlam Port Moody Richmond Squamish Tsawwassen Vancouver East Vancouver West West Vancouver Whistler
$344,200 $371,500 $360,200 $340,900 $373,300 $252,100 $305,500 $181,500 $270,100 $340,800 $220,000 $233,600 $304,000 $354,100 $225,100 $332,300 $298,900 $472,600 $607,200 $237,000
147.8 149.3 136.7 139.6 150.3 137.8 147.3 132.6 151.6 138.1 128.2 137.9 125.8 149.7 108.0 138.3 163.3 154.0 131.8 221.5
0.3% 0.3% 1.0% 0.6% -1.2% -1.4% -1.3% 0.3% 0.1% 1.0% 0.3% 0.4% 0.5% -0.1% 0.7% -1.8% -0.5% 1.3% -2.3% -3.4%
0.3% 0.4% 1.2% -1.2% -3.8% -2.6% -2.4% -2.1% -2.5% 2.8% -4.3% -0.6% 1.8% 3.4% 6.1% -3.8% -1.6% 2.0% -5.6% 2.7%
-1.4% -1.3% -5.6% -2.2% -6.1% -3.5% -1.1% -0.7% -2.6% -0.7% -3.1% -2.7% 0.2% 1.4% -4.1% -2.9% -2.4% -0.1% -3.1% -10.8%
2.1% 2.4% -1.6% -0.2% -0.2% -2.3% 3.3% -3.8% 2.4% -0.2% -4.8% -0.4% -2.5% 4.2% -15.8% 0.7% 2.6% 4.8% -0.5% 4.8%
9.9% 12.9% -0.7% 8.1% 12.5% 7.0% 7.5% 0.3% 9.0% 11.2% -3.0% -0.3% -0.6% 14.2% -22.2% 0.9% 12.2% 19.0% 7.2% 59.5%
10.1% 12.6% -3.7% 6.1% 15.5% 3.5% 16.1% -3.8% 9.1% 9.0% -7.0% 0.5% -1.7% 14.6% -4.8% 9.0% 17.1% 16.8% 1.8% 95.3%
Area
1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Change % Change % Change % Change % Change % Change %
HOW TO READ THE TABLE: BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market. PRICE INDEX: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales. In January 2005, the indexes are set to 100 Key: ** = Sales sample too small; Price information not reported. The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN. * MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association
*
Jan 2012 Nov 2011 Sep 2011 Jul 2011 May 2011 Mar 2011 Jan 2011 Apartment
Nov 2010 Sep 2010 Jul 2010 May 2010
Townhouse
Nov 2009 Sep 2009 Jul 2009
Detached
May 2009 Mar 2009 Jan 2009 Nov 2008
Residential
Sep 2008 Jul 2008 May 2008 Mar 2008 Jan 2008 Nov 2007 Sep 2007 Jul 2007 May 2007 Mar 2007 90
100
110
120
130
140
150
160
170
Jan 2007 180
Jan 2005 HPI = 100
C:\DATA\MonthEnd\Hpi\export\hi_res\gv-hpi2.tif
Jan 2010
Price Index
Greater Vancouver 5 Year Trend
Mar 2010
Median Selling Price
Number of Sales
Median Selling Price
Number of Sales
Median Selling Price
Number of Sales
Median Selling Price
Number of Sales
Median Selling Price
$796,500
$510,000
$362,500
Attached
Apartment
40
Attached
Detached
76
Detached
111
$350,500
Apartment
Apartment
$470,000
Attached
40
Attached
$920,000
59
Detached
Detached
$362,500
Apartment
67
$510,000
Attached
Apartment
$796,500
40
Attached
Detached
76
Detached
111
$322,175
Apartment
$478,950
Apartment
40
Attached
Attached
65
Detached
$895,000
$350,500
Apartment
Detached
$470,000
Attached
104
$920,000
Detached
Apartment
67
40
Attached
Apartment
59
Detached
Coquit lam $278,000
$494,900
$684,000
39
38
65
$291,000
$437,500
$727,900
49
22
74
$278,000
$494,900
$684,000
39
38
65
$329,000
$485,000
$719,900
44
21
84
$291,000
$437,500
$727,900
49
22
74
Delta South n/a
n/a
$588,000
4
3
30
n/a
n/a
n/a
5
3
17
n/a
n/a
$588,000
4
3
30
n/a
n/a
n/a
9
7
18
n/a
n/a
n/a
5
3
17
Islands - Gulf n/a
n/a
n/a
0
0
2
n/a
n/a
n/a
0
1
1
n/a
n/a
n/a
0
0
2
n/a
n/a
n/a
0
0
0
n/a
n/a
n/a
0
1
1
n/a
$298,819
$457,943
10
26
66
$226,000
$301,500
$470,000
25
26
53
n/a
$298,819
$457,943
10
26
66
$205,900
$286,000
$490,000
37
21
72
$226,000
$301,500
$470,000
25
26
n/a
n/a
52
7
13
$315,000
n/a
n/a
45
7
12
$292,700
n/a
n/a
52
7
13
$315,000
n/a
n/a
45
7
12
$295,000
n/a
n/a
62
6
6
$292,700
Maple R id g e/Pitt M eadow s 53
$349,000
$540,000
$897,500
34
22
46
$392,500
$714,500
$938,000
48
26
57
$349,000
$540,000
$897,500
34
22
46
$380,000
n/a
$982,000
62
17
53
$392,500
$714,500
$938,000
48
26
57
North Vanco uver
Note: Median Selling Prices are not reported for areas with less than 20 sales or for the Gulf Islands
Year-to-date
Jan. Jan. 2011
Year-to-date
Jan. Jan. 2012
January 2011
December 2011
January 2012
Number of Sales
January 2012
2012
Port C oquitla m n/a
n/a
$503,933
13
17
22
n/a
n/a
$522,000
18
14
23
n/a
n/a
$503,933
13
17
22
n/a
n/a
n/a
18
16
16
n/a
n/a
$522,000
18
14
23
n/a
n/a
n/a
13
15
7
n/a
n/a
n/a
15
9
14
n/a
n/a
n/a
13
15
7
n/a
n/a
n/a
18
18
14
n/a
n/a
n/a
15
9
124
74
162
$346,000
$499,000
$965,000
75
41
62
$330,000
$508,500
$978,888
72
52
89
Richm ond $341,500
$517,500
$1,021,500
124
74
162
$330,000
$508,500
$978,888
72
52
89
$341,500
$517,500
$1,021,500
Port M oody/B elcarra 14
n/a
n/a
n/a
2
2
5
n/a
n/a
n/a
1
2
13
n/a
n/a
n/a
2
2
5
n/a
n/a
n/a
6
7
12
n/a
n/a
n/a
1
2
13
Squam ish
19
n/a
n/a
n/a
3
2
16
n/a
n/a
$362,950
2
2
22
n/a
n/a
n/a
3
2
16
n/a
n/a
$370,000
2
1
23
n/a
n/a
$362,950
2
2
22
Sunsh ine Co ast
1
y
Burnab
er New W estmin st
Vanco uver E ast $332,500
n/a
$750,000
74
19
99
$333,000
n/a
$851,000
68
14
93
$332,500
n/a
$750,000
74
19
99
$320,500
n/a
$823,500
51
15
95
$333,000
n/a
$851,000
68
14
93
Vanco uver W est $478,800
$821,000
$2,030,000
226
36
134
$460,000
$843,250
$2,095,000
211
26
86
$478,800
$821,000
$2,030,000
226
36
134
$474,000
$750,000
$2,075,000
262
31
62
$460,000
$843,250
$2,095,000
211
26
86
Sound n/a
n/a
$1,405,000
8
5
46
n/a
n/a
$2,071,080
10
3
39
n/a
n/a
$1,405,000
8
5
46
n/a
n/a
$1,600,000
11
0
38
n/a
n/a
$2,071,080
10
3
39
Wes t V a n couve r/Howe
MLS® SALES Facts
n/a
n/a
n/a
7
7
5
n/a
n/a
n/a
14
14
6
n/a
n/a
n/a
7
7
5
n/a
n/a
n/a
13
13
10
n/a
n/a
n/a
14
14
6
Whistl er/Pem berton n/a
713
313
793
n/a
657
261
659
n/a
713
313
793
n/a
774
254
630
n/a
657
261
659
% Sales to Listings
Number of Listings
% Sales to Listings
Number of Listings
% Sales to Listings
Number of Listings
% Sales to Listings
Number of Listings
% Sales to Listings
61%
34%
43%
Apartment
116
Attached
Attached
124
Detached
Detached
22%
Apartment
256
33%
Apartment
33%
120
Attached
Attached
181
Detached
Detached
43%
Apartment
307
34%
Apartment
61%
Attached
116
Attached
Detached
124
Detached
256
101%
Apartment
105%
Apartment
38
Attached
Attached
66
Detached
98%
22%
Apartment
Detached
33%
Attached
103
33%
Detached
Apartment
307
120
Attached
Apartment
181
Detached
Coquit lam 32%
53%
40%
122
72
161
36%
27%
43%
135
81
171
32%
53%
40%
122
72
161
81%
105%
135%
54
20
62
36%
27%
43%
135
81
171
Delta South 25%
21%
41%
16
14
74
14%
23%
24%
36
13
70
25%
21%
41%
16
14
74
90%
233%
106%
10
3
17
14%
23%
24%
36
13
70
Islands - Gulf 0%
n/a
20%
2
0
10
n/a
100%
20%
0
1
5
0%
n/a
20%
2
0
10
n/a
n/a
0%
0
0
6
n/a
100%
20%
0
1
5
13%
41%
35%
75
64
189
43%
46%
21%
58
56
255
13%
41%
35%
75
64
189
206%
140%
131%
18
15
55
43%
46%
21%
58
56
255
Maple R id g e/Pitt M eadow s 27%
41%
27%
164
17
45
32%
33%
34%
161
21
38
27%
41%
27%
164
17
45
107%
300%
60%
58
2
10
32%
33%
34%
161
21
38
* Year-to-date listings represent a cumulative total of listings rather than total active listings.
Year-to-date*
Jan. Jan. 2011
Year-to-date*
Jan. Jan. 2012
January 2011
December 2011
January 2012
Number of Listings
January 2012
2012
North Vanco uver 26%
45%
33%
132
49
138
28%
43%
40%
174
61
144
26%
45%
33%
132
49
138
127%
170%
166%
49
10
32
28%
43%
40%
174
61
144
Port C oquitla m 19%
52%
38%
67
33
58
33%
50%
59%
54
28
39
19%
52%
38%
67
33
58
82%
133%
100%
22
12
16
33%
50%
59%
54
28
39
Port M oody/B elcarra 19%
60%
20%
68
25
35
33%
20%
30%
45
44
46
19%
60%
20%
68
25
35
180%
200%
127%
10
9
11
33%
20%
30%
45
44
46
Richm ond 50%
55%
50%
248
135
325
21%
27%
19%
348
195
470
50%
55%
50%
248
135
325
74%
75%
73%
102
55
85
21%
27%
19%
348
195
470
Squam ish 7%
20%
12%
27
10
43
3%
11%
30%
32
18
43
7%
20%
12%
27
10
43
60%
88%
100%
10
8
12
3%
11%
30%
32
18
43
60%
15%
19%
5
13
84
13%
18%
22%
15
11
99
60%
15%
19%
5
13
84
17%
25%
92%
12
4
25
13%
18%
22%
15
11
99
Sunsh ine Co ast
19
43%
33%
50%
173
57
198
39%
32%
40%
175
44
235
43%
33%
50%
173
57
198
82%
250%
127%
62
6
75
39%
32%
40%
175
44
235
Vanco uver E ast
1
y
Burnab
er New W estmin st
Vanco uver W est 33%
29%
45%
684
124
297
27%
21%
18%
775
126
476
33%
29%
45%
684
124
297
120%
119%
70%
218
26
89
27%
21%
18%
775
126
476
Sound 29%
33%
35%
28
15
130
26%
23%
21%
39
13
185
29%
33%
35%
28
15
130
138%
0%
109%
8
5
35
26%
23%
21%
39
13
185
Wes t V a n couve r/Howe
MLS® LISTINGS Facts
20%
22%
42%
35
32
12
35%
35%
18%
40
40
33
20%
22%
42%
35
32
12
38%
54%
38%
34
24
26
35%
35%
18%
40
40
33
Whistl er/Pem berton n/a
2,102
776
1,923
n/a
2,394
872
2,490
n/a
2,102
776
1,923
n/a
770
237
622
n/a
2,394
872
2,490
Listing & Sales Activity Summary Listings
Sales
1 Jan 2011
2 Dec 2011
3 Jan 2012
5 Jan 2011
6 Dec 2011
7 Jan 2012
124 116 256
66 38 103
181 120 307
174.2 215.8 198.1
76 40 111
65 40 104
59 40 67
-9.2 0.0 -35.6
243 149 361
208 162 291
-14.4 8.7 -19.4
161 72 122
62 20 54
171 81 135
175.8 305.0 150.0
65 38 39
84 21 44
74 22 49
-11.9 4.8 11.4
209 103 140
247 75 148
18.2 -27.2 5.7
74 14 16
17 3 10
70 13 36
311.8 333.3 260.0
30 3 4
18 7 9
17 3 5
-5.6 -57.1 -44.4
94 9 31
61 15 22
-35.1 66.7 -29.0
189 64 75
55 15 18
255 56 58
363.6 273.3 222.2
66 26 10
72 21 37
53 26 25
-26.4 23.8 -32.4
213 88 46
218 87 100
2.3 -1.1 117.4
138 49 132
32 10 49
144 61 174
350.0 510.0 255.1
46 22 34
53 17 62
57 26 48
7.5 52.9 -22.6
178 58 152
186 88 190
4.5 51.7 25.0
45 17 164
10 2 58
38 21 161
280.0 950.0 177.6
12 7 45
6 6 62
13 7 52
116.7 16.7 -16.1
71 12 174
39 22 177
-45.1 83.3 1.7
35 25 68
11 9 10
46 44 45
318.2 388.9 350.0
7 15 13
14 18 18
14 9 15
0.0 -50.0 -16.7
41 42 57
46 54 56
12.2 28.6 -1.8
58 33 67
16 12 22
39 28 54
143.8 133.3 145.5
22 17 13
16 16 18
23 14 18
43.8 -12.5 0.0
85 65 51
78 47 59
-8.2 -27.7 15.7
325 135 248
85 55 102
470 195 348
452.9 254.5 241.2
162 74 124
62 41 75
89 52 72
43.5 26.8 -4.0
452 227 410
252 169 242
-44.2 -25.6 -41.0
84 13 5
25 4 12
99 11 15
296.0 175.0 25.0
16 2 3
23 1 2
22 2 2
-4.3 100.0 0.0
82 12 7
79 6 5
-3.7 -50.0 -28.6
43 10 27
12 8 10
43 18 32
258.3 125.0 220.0
5 2 2
12 7 6
13 2 1
8.3 -71.4 -83.3
31 9 13
45 15 10
45.2 66.7 -23.1
198 57 173
75 6 62
235 44 175
213.3 633.3 182.3
99 19 74
95 15 51
93 14 68
-2.1 -6.7 33.3
317 72 225
300 59 220
-5.4 -18.1 -2.2
297 124 684
89 26 218
476 126 775
434.8 384.6 255.5
134 36 226
62 31 262
86 26 211
38.7 -16.1 -19.5
411 138 847
269 105 833
-34.5 -23.9 -1.7
12 32 35
26 24 34
33 40 40
26.9 66.7 17.6
5 7 7
10 13 13
6 14 14
-40.0 7.7 7.7
14 37 25
31 43 43
121.4 16.2 72.0
130 15 28
35 5 8
185 13 39
428.6 160.0 387.5
46 5 8
38 0 11
39 3 10
2.6 300.0 -9.1
165 18 37
143 11 35
-13.3 -38.9 -5.4
1913 776 2100
616 237 770
2485 871 2394
303.4 267.5 210.9
791 313 713
630 254 774
658 260 657
4.4 2.4 -15.1
2606 1039 2576
2202 958 2431
-15.5 -7.8 -5.6
BURNABY DETACHED ATTACHED APARTMENTS
Col. 2 & 3 Percentage Variance
%
Col. 6 & 7 Percentage Variance
9 Nov 2010 Jan 2011
10 Nov 2011 Jan 2012
%
Col. 9 & 10 Percentage Variance
%
COQUITLAM DETACHED ATTACHED APARTMENTS
DELTA DETACHED ATTACHED APARTMENTS
MAPLE RIDGE/PITT MEADOWS DETACHED ATTACHED APARTMENTS
NORTH VANCOUVER DETACHED ATTACHED APARTMENTS
NEW WESTMINSTER DETACHED ATTACHED APARTMENTS
PORT MOODY/BELCARRA DETACHED ATTACHED APARTMENTS
PORT COQUITLAM DETACHED ATTACHED APARTMENTS
RICHMOND DETACHED ATTACHED APARTMENTS
SUNSHINE COAST DETACHED ATTACHED APARTMENTS
SQUAMISH DETACHED ATTACHED APARTMENTS
VANCOUVER EAST DETACHED ATTACHED APARTMENTS
VANCOUVER WEST DETACHED ATTACHED APARTMENTS
WHISTLER DETACHED ATTACHED APARTMENTS
WEST VANCOUVER/HOWE SOUND DETACHED ATTACHED APARTMENTS
GRAND TOTALS DETACHED ATTACHED APARTMENTS
0
200
400
600
800
1000
1200
1400
DETACHED
CONDOMINIUM
ATTACHED
APARTMENTS
$439,566
$552,696
$1,145,956
NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.
1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
IN THOUSANDS ($)
Residential Average Sale Prices - January 1977 to January 2012
