REBGV Stats Package, August 2012
News Release FOR IMMEDIATE RELEASE
Home sellers continue to outnumber buyers in Greater Vancouver’s summer housing market VANCOUVER, B.C. – September 5, 2012 – Home sale activity remained below long-term averages in the Greater Vancouver housing market in August. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,649 in August, a 30.7 per cent decline compared to the 2,378 sales in August 2011 and a 21.4 per cent decline compared to the 2,098 sales in July 2012. August sales were the second lowest total for the month in the region since 1998 and 39.2 per cent below the 10-year August sales average of 2,711. “Home sales this summer have been lower than we’ve seen for most of the past ten years, yet we continue to see relative stability when it comes to prices,” Eugen Klein, REBGV president said. New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,044 in August. This represents a 13.7 per cent decline compared to August 2011 when 4,685 properties were listed for sale on the MLS® and a 15.8 per cent decline compared to the 4,802 new listings in July 2012. “For sellers it’s critical to work with your REALTOR® to understand today’s market and to develop the best strategy for selling your home,” Klein said. “On average it’s taking about two months for a home to sell on the MLS® in Greater Vancouver today.” At 17,567, the total number of residential property listings on the MLS® increased 13.8 per cent from this time last year and declined 2.8 per cent compared to July 2012. “Today, our sales-to-active-listings ratio sits at 9 per cent, which puts us in a buyer’s market. This ratio has been declining in our market since March when it was 19 per cent,” Klein said. The MLSLink® Housing Price Index (HPI) composite benchmark price for all residential properties in Greater Vancouver is $609,500. This represents a decline of 0.5% compared to this time last year and a decline of 1.1% compared to last month. Sales of detached properties on the MLS® in August 2012 reached 624, a decrease of 38.8 per cent from the 1,020 detached sales recorded in August 2011, and a 30.1 per cent decrease from the 893 units sold in August 2010. The benchmark price for detached properties increased 0.2 per cent from August 2011 to $942,100. Sales of apartment properties reached 725 in August 2012, a 24.1 per cent decrease compared to the 955 sales in August 2011, and a decrease of 22.5 per cent compared to the 935 sales in August 2010. The benchmark price of an apartment property decreased 0.9 per cent from August 2011 to $370,100. Attached property sales in August 2012 totalled 300, a 25.6 per cent decrease compared to the 403 sales in August 2011, and a 19.8 per cent decrease from the 374 attached properties sold in August 2010. The benchmark price of an attached unit decreased 1.9 per cent between August 2011 and 2012 to $462,300. -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 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancouver totalled $25 billion in 2011. The Real Estate Board of Greater Vancouver is an association representing 11,000 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
August 2012
*
Property Type
Area
Benchmark Price
Price Index
1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Change % Change % Change % Change % Change % Change %
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
$548,300 $609,500 $595,900 $561,500 $512,200 $572,500 $505,500 $548,600 $389,900 $367,000 $654,500 $376,400 $396,200 $513,800 $577,200 $406,300 $366,200 $607,100 $613,500 $802,800 $1,600,300 $588,200
154.8 159.8 129.2 155.0 153.0 161.4 149.5 152.6 131.8 157.5 148.1 136.3 140.7 141.9 167.6 131.2 128.3 153.0 179.5 169.2 171.8 162.2
-0.9% -1.1% -0.8% -1.5% -1.8% -1.2% -0.4% -0.3% -0.2% -0.9% 0.0% 0.1% -1.1% 0.4% -1.4% 0.1% 0.3% -1.5% -0.9% -1.7% -0.6% -0.6%
-1.8% -2.5% -4.7% -2.2% -2.9% -1.9% -1.3% -2.1% -0.6% -1.4% -1.4% -0.6% -3.1% 0.5% -3.3% 0.5% -0.6% -1.0% -0.8% -4.5% -3.2% -0.2%
0.5% -0.2% 2.7% 0.6% -1.2% 0.4% 2.1% 0.5% 0.1% 1.4% 1.2% -0.4% -0.8% 4.1% -3.2% 6.1% 5.4% 1.6% 2.0% -1.7% 2.6% 5.1%
0.3% -0.5% -3.9% 1.1% -2.4% -2.4% 1.2% 0.5% -2.2% 0.6% 4.1% -1.0% -2.2% 2.9% -2.7% 3.2% -5.7% 0.8% 3.2% -1.9% 3.7% 0.2%
13.4% 15.3% 0.5% 12.4% 11.4% 16.5% 13.1% 14.8% 3.0% 11.5% 12.5% 2.8% 4.2% 8.6% 18.1% 3.2% -1.0% 14.4% 21.9% 17.2% 33.8% 27.3%
10.1% 13.4% -5.8% 10.6% 9.6% 15.7% 8.0% 13.7% -3.4% 8.2% 8.3% -2.7% 0.0% 3.1% 20.7% 2.5% -6.1% 11.9% 23.6% 16.4% 19.5% 27.0%
Single Family Detached
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
$767,500 $942,100 $595,900 $754,400 $913,400 $1,005,800 $715,000 $637,400 $463,000 $673,200 $956,100 $495,900 $559,700 $847,900 $975,400 $502,700 $364,800 $728,700 $859,100 $2,116,000 $1,894,700 $841,500
163.1 174.1 129.2 168.7 176.3 192.8 158.4 153.8 131.6 167.0 152.6 138.4 149.5 157.1 196.4 135.8 127.8 156.9 189.7 217.4 180.4 125.0
-0.6% -0.9% -0.8% -0.3% -1.6% 0.7% -0.7% -0.1% -0.1% -0.5% -0.7% -0.9% -0.3% -0.5% -0.5% 0.0% 0.3% -1.3% -0.5% -2.5% -0.8% 0.4%
-1.6% -2.6% -4.7% -1.7% -3.3% 0.4% -0.6% -2.8% -0.6% -2.1% -2.8% -1.5% -0.6% 0.8% -4.3% -0.3% -0.6% -1.4% -0.4% -5.9% -2.7% 1.7%
0.7% -0.2% 2.7% 1.9% 0.3% 6.1% 3.8% 1.1% 0.2% 0.4% 0.5% -2.1% 2.5% 4.5% -4.3% 0.9% 5.3% 1.9% 2.8% -4.0% 2.9% -0.2%
1.3% 0.2% -3.9% 4.3% 0.7% 5.2% 3.7% 1.1% -1.3% 2.0% 5.2% 0.3% 2.0% 2.9% -3.7% 1.0% -6.0% 2.0% 4.8% -3.7% 4.8% -5.6%
22.0% 27.1% 0.5% 22.6% 26.6% 39.9% 20.2% 17.6% 4.9% 21.5% 17.6% 5.2% 13.3% 19.6% 35.4% 6.8% -1.3% 18.8% 33.7% 42.9% 40.0% -2.4%
18.2% 25.2% -5.8% 22.2% 27.4% 39.4% 16.0% 15.6% -0.9% 21.2% 12.6% 2.2% 9.8% 13.9% 39.5% 5.2% -6.4% 15.4% 36.0% 43.0% 25.4% -2.4%
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. • x Month/Year Change %: Percentage change of index over a period of x month(s)/year(s)
*
In January 2005, the indexes are set to 100. Townhome properties are similar to Attached properties, a category that was used in the previous MLSLink HPI, but do not included duplexes. 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
1 of 10
August 2012
*
Property Type
Area
Benchmark Price
Price Index
1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Change % Change % Change % Change % Change % Change %
Townhouse
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 Whistler
$395,900 $462,300 $419,900 $396,900 $416,400 $382,500 $449,400 $274,000 $389,500 $589,900 $321,500 $364,300 $408,100 $502,400 $354,600 $458,600 $512,300 $688,800 $461,100
143.7 150.0 150.6 148.0 149.4 140.5 148.9 133.1 146.3 141.2 139.1 138.7 137.9 162.4 128.7 141.8 168.9 155.8 140.9
-0.9% -1.4% -0.5% -0.7% -0.2% -0.1% 1.6% -1.4% -1.9% -1.3% 0.0% -2.3% -1.0% -0.8% 0.0% -0.5% -2.9% -3.1% -0.4%
-1.6% -1.6% -0.3% -0.3% -2.0% -0.1% -2.0% -0.4% -2.0% -2.0% 0.1% -3.8% 0.3% -1.3% 0.3% -3.7% -1.3% -3.0% -3.4%
0.6% 0.7% 2.4% -4.4% -0.9% 1.7% -2.1% 1.1% -0.8% -1.1% 1.9% -3.4% 2.6% 0.9% 15.5% -3.3% 1.7% 2.8% 11.4%
-1.6% -1.9% 1.3% -8.3% -3.2% -1.3% -1.6% -4.5% -0.5% 1.2% -2.1% -2.5% -2.4% -1.9% 3.7% -8.8% 1.4% -0.5% 2.4%
7.9% 10.6% 11.1% 8.1% 9.6% 7.3% 9.3% 1.1% 9.5% 8.3% 5.3% 3.1% 4.7% 17.9% 0.8% 4.1% 13.1% 13.5% 10.3%
4.9% 9.5% 9.7% 5.4% 9.9% 3.2% 10.3% -5.8% 7.7% 7.1% -1.3% -0.7% -0.5% 20.7% 4.3% 5.0% 14.4% 13.9% 14.2%
Apartment
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
$339,900 $370,100 $341,400 $330,300 $367,400 $253,200 $321,500 $181,500 $271,800 $355,600 $221,100 $220,000 $321,600 $340,300 $256,500 $342,100 $307,200 $470,900 $613,300 $247,400
149.1 149.6 129.6 139.6 147.5 139.4 152.4 132.3 155.4 144.4 130.7 130.4 134.0 144.3 123.4 143.9 169.5 152.4 134.0 227.0
-0.9% -1.1% -6.7% -2.2% -3.0% 0.1% -2.4% 2.6% -1.0% 1.5% 2.5% -1.0% 2.5% -2.7% 1.1% -2.0% -1.2% -1.1% -0.1% -1.3%
-1.9% -2.5% -7.3% -3.5% -3.7% -3.1% 0.9% 0.2% -1.0% 0.9% 1.1% -6.1% 0.5% -3.2% 2.7% 0.7% -1.1% -3.6% -5.6% 0.6%
0.2% -0.4% -4.5% -0.7% -2.8% -0.7% 1.8% -1.1% 1.9% 2.8% 1.0% -3.0% 5.0% -4.6% 10.6% 2.1% 1.3% -0.6% -0.6% -0.1%
-0.3% -0.9% -6.4% -2.4% -8.0% -2.0% 1.0% -0.8% 0.1% 3.6% -0.7% -7.9% 7.1% -2.1% 9.6% -0.6% 2.0% -1.0% -2.1% -6.6%
5.4% 6.1% -11.0% 2.3% 5.7% 4.5% 10.8% -1.9% 8.4% 8.0% -3.0% -6.3% 3.2% 1.7% -2.1% 4.7% 10.0% 6.8% 6.1% 80.2%
2.3% 3.9% -13.7% -0.6% 4.2% -2.4% 9.9% -11.0% 4.4% 3.7% -12.1% -11.7% -2.0% 2.9% -6.1% 3.7% 10.8% 5.7% -6.6% 72.8%
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. • x Month/Year Change %: Percentage change of index over a period of x month(s)/year(s) In January 2005, the indexes are set to 100.
*
Townhome properties are similar to attached properties, a category that was used in the previous MLSLink HPI, but do not included duplexes. Lower Mainland includes areas serviced by both Real Estate Board of Greater Vancouver & Fraser Valley Real Estate Board. 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
2 of 10
Aug 2012 Jun 2012 Apr 2012 Feb 2012 Dec 2011 Oct 2011 Aug 2011 Apartment
Jun 2011 Apr 2011 Feb 2011 Dec 2010
Townhouse
Jun 2010 Apr 2010 Feb 2010
Detached
Dec 2009 Oct 2009 Aug 2009 Jun 2009
Residential
Apr 2009 Feb 2009 Dec 2008 Oct 2008 Aug 2008 Jun 2008 Apr 2008 Feb 2008 Dec 2007 Oct 2007 90
100
110
120
130
140
150
160
170
180
Aug 2007 190
Jan 2005 HPI = 100
C:\DATA\MonthEnd\Hpi\export\hi_res\gv-hpi2.tif
Aug 2010
Price Index
Greater Vancouver 5 Year Trend
Oct 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
$888,000
$490,000
$356,000
Attached
Apartment
629
Attached
Detached
966
Detached
1,344
$366,570
Apartment
Apartment
$472,000
Attached
509
Attached
$927,000
637
Detached
Detached
$390,000
Apartment
1,034
$499,500
Attached
Apartment
$917,000
66
Attached
Detached
96
Detached
169
$333,000
Apartment
$447,000
Apartment
70
Attached
Attached
58
Detached
$864,000
$360,900
Apartment
Detached
$435,000
Attached
131
$934,500
Detached
Apartment
87
45
Attached
Apartment
42
Detached
Coquit lam $288,500
$450,000
$710,000
503
423
975
$285,000
$464,900
$740,000
500
299
821
$253,000
$437,000
$705,750
51
46
112
$266,900
$502,500
$729,950
58
28
67
$279,000
$455,000
$719,000
41
23
58
Delta South $332,000
$448,500
$655,000
109
62
481
$336,000
$433,277
$686,500
86
54
332
n/a
n/a
$670,000
18
11
48
n/a
n/a
$610,000
8
5
31
n/a
n/a
$689,500
11
5
38
Islands - Gulf n/a
n/a
$620,500
0
1
20
n/a
n/a
$391,000
0
1
26
n/a
n/a
n/a
0
0
2
n/a
n/a
n/a
0
0
3
n/a
n/a
n/a
0
0
2
$214,410
$309,900
$484,250
198
358
821
$216,000
$292,000
$480,000
209
293
792
$214,450
$290,000
$495,329
24
31
108
$193,500
$285,000
$487,500
33
35
108
$233,600
$277,500
$456,000
27
30
n/a
n/a
58
9
17
$299,000
$409,000
$619,950
626
101
245
$308,875
$425,000
$672,000
572
93
209
$290,943
n/a
$619,900
66
6
23
$281,000
n/a
$650,000
74
14
23
$308,250
Maple R id g e/Pitt M eadow s 71
$365,000
$628,250
$920,000
619
264
891
$375,000
$650,000
$1,015,500
569
220
706
$355,000
$599,000
$880,000
63
23
73
$356,500
$615,000
$1,017,500
55
26
60
$360,000
n/a
$1,060,000
48
14
51
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. Aug. 2011
Year-to-date
Jan. Aug. 2012
August 2011
July 2012
August 2012
Number of Sales
August 2012
2012
Port C oquitla m $239,950
$385,000
$540,000
204
161
328
$240,750
$390,000
$545,000
220
168
293
$222,000
n/a
$526,000
23
15
26
$226,000
$382,000
$537,500
24
21
44
n/a
n/a
$568,500
18
17
27
$335,000
$423,000
$832,000
195
161
169
$334,000
$447,500
$780,000
171
151
146
n/a
$399,250
n/a
16
24
19
n/a
n/a
n/a
17
10
15
$342,000
n/a
n/a
21
17
101
55
60
$341,000
$533,750
$937,500
65
54
60
Richm ond $353,000
$545,000
$992,500
1,174
770
1,329
$340,500
$528,500
$980,000
808
535
723
$347,150
$530,000
$1,020,000
96
69
95
$328,000
$493,000
$1,010,000
Port M oody/B elcarra 12
$230,000
$350,000
$490,000
29
65
123
$258,000
$350,000
$500,000
31
68
134
n/a
n/a
n/a
4
10
13
n/a
n/a
$500,000
6
13
21
n/a
n/a
n/a
3
8
11
Squam ish
19
$318,500
$267,500
$395,000
39
31
316
$238,000
$286,500
$399,500
36
31
352
n/a
n/a
$399,000
2
2
39
n/a
n/a
$377,000
7
2
47
n/a
n/a
$410,000
4
3
47
Sunsh ine Co ast
8
y
Burnab
er New W estmin st
Vanco uver E ast $345,000
$600,000
$816,000
823
297
1,345
$348,700
$626,000
$876,500
885
270
955
$355,000
$558,500
$830,000
69
23
148
$332,500
$618,000
$852,500
104
24
109
$310,000
n/a
$867,500
75
15
79
Vanco uver W est $489,000
$860,000
$2,060,000
3,155
557
1,579
$480,000
$867,839
$2,075,500
2,544
382
927
$508,250
$938,800
$2,199,000
337
57
130
$450,750
$814,500
$2,090,000
276
46
83
$495,500
$916,250
$2,030,000
247
40
75
$745,000
$1,100,000
$1,775,000
160
45
898
$700,000
$1,154,400
$1,867,500
119
56
454
n/a
n/a
$2,090,000
14
2
80
n/a
n/a
$1,930,000
17
2
46
n/a
n/a
$1,958,000
6
4
24
n/a
16
33
12
n/a
n/a
n/a
14
16
10
$242,500
$577,500
$837,500
53
101
66
$229,000
$572,500
$973,800
108
154
74
n/a
n/a
n/a
3
18
8
n/a
$670,000
Sound Wes t V a n couve r/Howe
MLS® SALES Facts
Whistl er/Pem berton n/a
9,231
4,026
10,552
n/a
7,892
3,284
7,581
n/a
955
403
1,020
n/a
927
384
787
n/a
725
300
624
% 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
62%
60%
57%
Apartment
1,047
Attached
Attached
1,552
Detached
Detached
40%
Apartment
2,369
47%
Apartment
38%
1,079
Attached
Attached
1,665
Detached
Detached
66%
Apartment
2,600
53%
Apartment
53%
Attached
124
Attached
Detached
182
Detached
258
45%
Apartment
Apartment
58%
121
Attached
31%
188
Detached
Attached
33%
Apartment
Detached
52%
Attached
288
27%
Detached
Apartment
261
87
Attached
Apartment
155
Detached
Coquit lam 46%
67%
60%
1,086
632
1,635
42%
51%
51%
1,193
583
1,596
45%
88%
61%
114
52
185
38%
49%
38%
152
57
178
36%
40%
40%
113
57
145
Delta South 60%
63%
69%
181
98
699
43%
63%
53%
198
86
626
75%
138%
75%
24
8
64
30%
83%
41%
27
6
76
52%
56%
61%
21
9
62
Islands - Gulf 0%
n/a
16%
10
0
126
n/a
50%
23%
0
2
113
n/a
n/a
11%
0
0
18
n/a
n/a
15%
0
0
20
n/a
0%
18%
0
1
11
41%
61%
49%
480
588
1,670
43%
51%
45%
483
569
1,757
44%
53%
53%
54
58
202
50%
48%
56%
66
73
193
60%
39%
40%
45
76
179
Maple R id g e/Pitt M eadow s 54%
64%
67%
1,157
159
365
46%
50%
57%
1,237
185
364
57%
43%
55%
116
14
42
62%
82%
56%
119
17
41
52%
56%
57%
111
16
30
* Year-to-date listings represent a cumulative total of listings rather than total active listings.
Year-to-date*
Jan. Aug. 2011
Year-to-date*
Jan. Aug. 2012
August 2011
July 2012
August 2012
Number of Listings
August 2012
2012
North Vanco uver 50%
60%
65%
1,238
440
1,373
43%
48%
50%
1,315
458
1,406
63%
61%
67%
100
38
109
40%
49%
47%
139
53
128
48%
42%
43%
99
33
119
Port C oquitla m 40%
58%
62%
511
280
527
47%
60%
52%
466
279
562
35%
60%
46%
66
25
56
60%
55%
53%
40
38
83
60%
81%
47%
30
21
58
Port M oody/B elcarra 43%
51%
49%
449
317
346
43%
52%
41%
401
293
354
40%
48%
46%
40
50
41
45%
27%
38%
38
37
40
72%
59%
34%
29
29
35
Richm ond 50%
52%
46%
2,332
1,476
2,893
36%
42%
27%
2,229
1,266
2,655
39%
42%
38%
244
165
251
47%
43%
21%
214
127
286
32%
41%
26%
206
133
234
Squam ish 16%
41%
35%
181
159
348
20%
38%
37%
154
177
360
25%
71%
39%
16
14
33
86%
130%
47%
7
10
45
27%
50%
34%
11
16
32
30%
41%
33%
128
75
952
37%
36%
36%
98
87
991
13%
50%
40%
15
4
97
47%
33%
40%
15
6
118
44%
17%
48%
9
18
97
Sunsh ine Co ast
19
54%
62%
61%
1,521
478
2,196
52%
50%
46%
1,718
541
2,098
41%
55%
52%
169
42
287
66%
42%
44%
157
57
246
52%
33%
40%
144
45
200
Vanco uver E ast
8
y
Burnab
er New W estmin st
Vanco uver W est 51%
56%
59%
6,172
1,001
2,654
42%
39%
33%
6,081
981
2,793
54%
51%
48%
627
112
270
42%
49%
31%
650
94
265
48%
47%
34%
517
86
221
Sound 56%
54%
60%
288
84
1,509
42%
46%
36%
283
122
1,263
50%
33%
56%
28
6
144
53%
18%
35%
32
11
131
26%
40%
22%
23
10
109
Wes t V a n couve r/Howe
MLS® LISTINGS Facts
19%
30%
28%
285
338
239
39%
52%
29%
275
296
259
6%
58%
21%
52
31
38
48%
94%
27%
33
35
45
52%
43%
27%
27
37
37
Whistl er/Pem berton n/a
18,388
7,172
19,084
n/a
18,731
7,004
18,862
n/a
1,923
743
2,019
n/a
1,977
742
2,083
n/a
1,646
674
1,724
Listing & Sales Activity Summary Listings
Sales
1 Aug 2011
2 Jul 2012
3 Aug 2012
5 Aug 2011
6 Jul 2012
7 Aug 2012
182 124 258
188 121 288
155 87 261
-17.6 -28.1 -9.4
96 66 169
58 70 131
42 45 87
-27.6 -35.7 -33.6
311 230 530
183 188 350
-41.2 -18.3 -34.0
185 52 114
178 57 152
145 57 113
-18.5 0.0 -25.7
112 46 51
67 28 58
58 23 41
-13.4 -17.9 -29.3
359 139 196
226 96 146
-37.0 -30.9 -25.5
64 8 24
76 6 27
62 9 21
-18.4 50.0 -22.2
48 11 18
31 5 8
38 5 11
22.6 0.0 37.5
160 26 43
110 20 34
-31.3 -23.1 -20.9
202 58 54
193 73 66
179 76 45
-7.3 4.1 -31.8
108 31 24
108 35 33
71 30 27
-34.3 -14.3 -18.2
340 121 80
287 109 86
-15.6 -9.9 7.5
109 38 100
128 53 139
119 33 99
-7.0 -37.7 -28.8
73 23 63
60 26 55
51 14 48
-15.0 -46.2 -12.7
318 81 250
184 61 172
-42.1 -24.7 -31.2
42 14 116
41 17 119
30 16 111
-26.8 -5.9 -6.7
23 6 66
23 14 74
17 9 58
-26.1 -35.7 -21.6
87 36 248
77 32 217
-11.5 -11.1 -12.5
41 50 40
40 37 38
35 29 29
-12.5 -21.6 -23.7
19 24 16
15 10 17
12 17 21
-20.0 70.0 23.5
63 60 64
38 43 56
-39.7 -28.3 -12.5
56 25 66
83 38 40
58 21 30
-30.1 -44.7 -25.0
26 15 23
44 21 24
27 17 18
-38.6 -19.0 -25.0
103 52 64
104 64 63
1.0 23.1 -1.6
251 165 244
286 127 214
234 133 206
-18.2 4.7 -3.7
95 69 96
60 55 101
60 54 65
0.0 -1.8 -35.6
376 243 370
196 168 279
-47.9 -30.9 -24.6
97 4 15
118 6 15
97 18 9
-17.8 200.0 -40.0
39 2 2
47 2 7
47 3 4
0.0 50.0 -42.9
140 7 18
155 11 15
10.7 57.1 -16.7
33 14 16
45 10 7
32 16 11
-28.9 60.0 57.1
13 10 4
21 13 6
11 8 3
-47.6 -38.5 -50.0
41 22 10
60 25 11
46.3 13.6 10.0
287 42 169
246 57 157
200 45 144
-18.7 -21.1 -8.3
148 23 69
109 24 104
79 15 75
-27.5 -37.5 -27.9
472 97 269
295 74 315
-37.5 -23.7 17.1
270 112 627
265 94 650
221 86 517
-16.6 -8.5 -20.5
130 57 337
83 46 276
75 40 247
-9.6 -13.0 -10.5
482 189 1052
260 132 854
-46.1 -30.2 -18.8
38 31 52
45 35 33
37 37 27
-17.8 5.7 -18.2
8 18 3
12 33 16
10 16 14
-16.7 -51.5 -12.5
29 42 17
29 64 44
0.0 52.4 158.8
144 6 28
131 11 32
109 10 23
-16.8 -9.1 -28.1
80 2 14
46 2 17
24 4 6
-47.8 100.0 -64.7
300 15 50
117 12 36
-61.0 -20.0 -28.0
2001 743 1923
2063 742 1977
1713 673 1646
-17.0 -9.3 -16.7
1018 403 955
784 384 927
622 300 725
-20.7 -21.9 -21.8
3581 1360 3261
2321 1099 2678
-35.2 -19.2 -17.9
BURNABY DETACHED ATTACHED APARTMENTS
Col. 2 & 3 Percentage Variance
%
Col. 6 & 7 Percentage Variance
9 Jun 2011 Aug 2011
10 Jun 2012 Aug 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
$444,218
$547,588
$1,142,237
NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.
1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
IN THOUSANDS ($)
Residential Average Sale Prices - January 1977 to August 2012
Home sellers continue to outnumber buyers in Greater Vancouver’s summer housing market VANCOUVER, B.C. – September 5, 2012 – Home sale activity remained below long-term averages in the Greater Vancouver housing market in August. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,649 in August, a 30.7 per cent decline compared to the 2,378 sales in August 2011 and a 21.4 per cent decline compared to the 2,098 sales in July 2012. August sales were the second lowest total for the month in the region since 1998 and 39.2 per cent below the 10-year August sales average of 2,711. “Home sales this summer have been lower than we’ve seen for most of the past ten years, yet we continue to see relative stability when it comes to prices,” Eugen Klein, REBGV president said. New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,044 in August. This represents a 13.7 per cent decline compared to August 2011 when 4,685 properties were listed for sale on the MLS® and a 15.8 per cent decline compared to the 4,802 new listings in July 2012. “For sellers it’s critical to work with your REALTOR® to understand today’s market and to develop the best strategy for selling your home,” Klein said. “On average it’s taking about two months for a home to sell on the MLS® in Greater Vancouver today.” At 17,567, the total number of residential property listings on the MLS® increased 13.8 per cent from this time last year and declined 2.8 per cent compared to July 2012. “Today, our sales-to-active-listings ratio sits at 9 per cent, which puts us in a buyer’s market. This ratio has been declining in our market since March when it was 19 per cent,” Klein said. The MLSLink® Housing Price Index (HPI) composite benchmark price for all residential properties in Greater Vancouver is $609,500. This represents a decline of 0.5% compared to this time last year and a decline of 1.1% compared to last month. Sales of detached properties on the MLS® in August 2012 reached 624, a decrease of 38.8 per cent from the 1,020 detached sales recorded in August 2011, and a 30.1 per cent decrease from the 893 units sold in August 2010. The benchmark price for detached properties increased 0.2 per cent from August 2011 to $942,100. Sales of apartment properties reached 725 in August 2012, a 24.1 per cent decrease compared to the 955 sales in August 2011, and a decrease of 22.5 per cent compared to the 935 sales in August 2010. The benchmark price of an apartment property decreased 0.9 per cent from August 2011 to $370,100. Attached property sales in August 2012 totalled 300, a 25.6 per cent decrease compared to the 403 sales in August 2011, and a 19.8 per cent decrease from the 374 attached properties sold in August 2010. The benchmark price of an attached unit decreased 1.9 per cent between August 2011 and 2012 to $462,300. -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 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancouver totalled $25 billion in 2011. The Real Estate Board of Greater Vancouver is an association representing 11,000 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
August 2012
*
Property Type
Area
Benchmark Price
Price Index
1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Change % Change % Change % Change % Change % Change %
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
$548,300 $609,500 $595,900 $561,500 $512,200 $572,500 $505,500 $548,600 $389,900 $367,000 $654,500 $376,400 $396,200 $513,800 $577,200 $406,300 $366,200 $607,100 $613,500 $802,800 $1,600,300 $588,200
154.8 159.8 129.2 155.0 153.0 161.4 149.5 152.6 131.8 157.5 148.1 136.3 140.7 141.9 167.6 131.2 128.3 153.0 179.5 169.2 171.8 162.2
-0.9% -1.1% -0.8% -1.5% -1.8% -1.2% -0.4% -0.3% -0.2% -0.9% 0.0% 0.1% -1.1% 0.4% -1.4% 0.1% 0.3% -1.5% -0.9% -1.7% -0.6% -0.6%
-1.8% -2.5% -4.7% -2.2% -2.9% -1.9% -1.3% -2.1% -0.6% -1.4% -1.4% -0.6% -3.1% 0.5% -3.3% 0.5% -0.6% -1.0% -0.8% -4.5% -3.2% -0.2%
0.5% -0.2% 2.7% 0.6% -1.2% 0.4% 2.1% 0.5% 0.1% 1.4% 1.2% -0.4% -0.8% 4.1% -3.2% 6.1% 5.4% 1.6% 2.0% -1.7% 2.6% 5.1%
0.3% -0.5% -3.9% 1.1% -2.4% -2.4% 1.2% 0.5% -2.2% 0.6% 4.1% -1.0% -2.2% 2.9% -2.7% 3.2% -5.7% 0.8% 3.2% -1.9% 3.7% 0.2%
13.4% 15.3% 0.5% 12.4% 11.4% 16.5% 13.1% 14.8% 3.0% 11.5% 12.5% 2.8% 4.2% 8.6% 18.1% 3.2% -1.0% 14.4% 21.9% 17.2% 33.8% 27.3%
10.1% 13.4% -5.8% 10.6% 9.6% 15.7% 8.0% 13.7% -3.4% 8.2% 8.3% -2.7% 0.0% 3.1% 20.7% 2.5% -6.1% 11.9% 23.6% 16.4% 19.5% 27.0%
Single Family Detached
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
$767,500 $942,100 $595,900 $754,400 $913,400 $1,005,800 $715,000 $637,400 $463,000 $673,200 $956,100 $495,900 $559,700 $847,900 $975,400 $502,700 $364,800 $728,700 $859,100 $2,116,000 $1,894,700 $841,500
163.1 174.1 129.2 168.7 176.3 192.8 158.4 153.8 131.6 167.0 152.6 138.4 149.5 157.1 196.4 135.8 127.8 156.9 189.7 217.4 180.4 125.0
-0.6% -0.9% -0.8% -0.3% -1.6% 0.7% -0.7% -0.1% -0.1% -0.5% -0.7% -0.9% -0.3% -0.5% -0.5% 0.0% 0.3% -1.3% -0.5% -2.5% -0.8% 0.4%
-1.6% -2.6% -4.7% -1.7% -3.3% 0.4% -0.6% -2.8% -0.6% -2.1% -2.8% -1.5% -0.6% 0.8% -4.3% -0.3% -0.6% -1.4% -0.4% -5.9% -2.7% 1.7%
0.7% -0.2% 2.7% 1.9% 0.3% 6.1% 3.8% 1.1% 0.2% 0.4% 0.5% -2.1% 2.5% 4.5% -4.3% 0.9% 5.3% 1.9% 2.8% -4.0% 2.9% -0.2%
1.3% 0.2% -3.9% 4.3% 0.7% 5.2% 3.7% 1.1% -1.3% 2.0% 5.2% 0.3% 2.0% 2.9% -3.7% 1.0% -6.0% 2.0% 4.8% -3.7% 4.8% -5.6%
22.0% 27.1% 0.5% 22.6% 26.6% 39.9% 20.2% 17.6% 4.9% 21.5% 17.6% 5.2% 13.3% 19.6% 35.4% 6.8% -1.3% 18.8% 33.7% 42.9% 40.0% -2.4%
18.2% 25.2% -5.8% 22.2% 27.4% 39.4% 16.0% 15.6% -0.9% 21.2% 12.6% 2.2% 9.8% 13.9% 39.5% 5.2% -6.4% 15.4% 36.0% 43.0% 25.4% -2.4%
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. • x Month/Year Change %: Percentage change of index over a period of x month(s)/year(s)
*
In January 2005, the indexes are set to 100. Townhome properties are similar to Attached properties, a category that was used in the previous MLSLink HPI, but do not included duplexes. 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
1 of 10
August 2012
*
Property Type
Area
Benchmark Price
Price Index
1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Change % Change % Change % Change % Change % Change %
Townhouse
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 Whistler
$395,900 $462,300 $419,900 $396,900 $416,400 $382,500 $449,400 $274,000 $389,500 $589,900 $321,500 $364,300 $408,100 $502,400 $354,600 $458,600 $512,300 $688,800 $461,100
143.7 150.0 150.6 148.0 149.4 140.5 148.9 133.1 146.3 141.2 139.1 138.7 137.9 162.4 128.7 141.8 168.9 155.8 140.9
-0.9% -1.4% -0.5% -0.7% -0.2% -0.1% 1.6% -1.4% -1.9% -1.3% 0.0% -2.3% -1.0% -0.8% 0.0% -0.5% -2.9% -3.1% -0.4%
-1.6% -1.6% -0.3% -0.3% -2.0% -0.1% -2.0% -0.4% -2.0% -2.0% 0.1% -3.8% 0.3% -1.3% 0.3% -3.7% -1.3% -3.0% -3.4%
0.6% 0.7% 2.4% -4.4% -0.9% 1.7% -2.1% 1.1% -0.8% -1.1% 1.9% -3.4% 2.6% 0.9% 15.5% -3.3% 1.7% 2.8% 11.4%
-1.6% -1.9% 1.3% -8.3% -3.2% -1.3% -1.6% -4.5% -0.5% 1.2% -2.1% -2.5% -2.4% -1.9% 3.7% -8.8% 1.4% -0.5% 2.4%
7.9% 10.6% 11.1% 8.1% 9.6% 7.3% 9.3% 1.1% 9.5% 8.3% 5.3% 3.1% 4.7% 17.9% 0.8% 4.1% 13.1% 13.5% 10.3%
4.9% 9.5% 9.7% 5.4% 9.9% 3.2% 10.3% -5.8% 7.7% 7.1% -1.3% -0.7% -0.5% 20.7% 4.3% 5.0% 14.4% 13.9% 14.2%
Apartment
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
$339,900 $370,100 $341,400 $330,300 $367,400 $253,200 $321,500 $181,500 $271,800 $355,600 $221,100 $220,000 $321,600 $340,300 $256,500 $342,100 $307,200 $470,900 $613,300 $247,400
149.1 149.6 129.6 139.6 147.5 139.4 152.4 132.3 155.4 144.4 130.7 130.4 134.0 144.3 123.4 143.9 169.5 152.4 134.0 227.0
-0.9% -1.1% -6.7% -2.2% -3.0% 0.1% -2.4% 2.6% -1.0% 1.5% 2.5% -1.0% 2.5% -2.7% 1.1% -2.0% -1.2% -1.1% -0.1% -1.3%
-1.9% -2.5% -7.3% -3.5% -3.7% -3.1% 0.9% 0.2% -1.0% 0.9% 1.1% -6.1% 0.5% -3.2% 2.7% 0.7% -1.1% -3.6% -5.6% 0.6%
0.2% -0.4% -4.5% -0.7% -2.8% -0.7% 1.8% -1.1% 1.9% 2.8% 1.0% -3.0% 5.0% -4.6% 10.6% 2.1% 1.3% -0.6% -0.6% -0.1%
-0.3% -0.9% -6.4% -2.4% -8.0% -2.0% 1.0% -0.8% 0.1% 3.6% -0.7% -7.9% 7.1% -2.1% 9.6% -0.6% 2.0% -1.0% -2.1% -6.6%
5.4% 6.1% -11.0% 2.3% 5.7% 4.5% 10.8% -1.9% 8.4% 8.0% -3.0% -6.3% 3.2% 1.7% -2.1% 4.7% 10.0% 6.8% 6.1% 80.2%
2.3% 3.9% -13.7% -0.6% 4.2% -2.4% 9.9% -11.0% 4.4% 3.7% -12.1% -11.7% -2.0% 2.9% -6.1% 3.7% 10.8% 5.7% -6.6% 72.8%
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. • x Month/Year Change %: Percentage change of index over a period of x month(s)/year(s) In January 2005, the indexes are set to 100.
*
Townhome properties are similar to attached properties, a category that was used in the previous MLSLink HPI, but do not included duplexes. Lower Mainland includes areas serviced by both Real Estate Board of Greater Vancouver & Fraser Valley Real Estate Board. 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
2 of 10
Aug 2012 Jun 2012 Apr 2012 Feb 2012 Dec 2011 Oct 2011 Aug 2011 Apartment
Jun 2011 Apr 2011 Feb 2011 Dec 2010
Townhouse
Jun 2010 Apr 2010 Feb 2010
Detached
Dec 2009 Oct 2009 Aug 2009 Jun 2009
Residential
Apr 2009 Feb 2009 Dec 2008 Oct 2008 Aug 2008 Jun 2008 Apr 2008 Feb 2008 Dec 2007 Oct 2007 90
100
110
120
130
140
150
160
170
180
Aug 2007 190
Jan 2005 HPI = 100
C:\DATA\MonthEnd\Hpi\export\hi_res\gv-hpi2.tif
Aug 2010
Price Index
Greater Vancouver 5 Year Trend
Oct 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
$888,000
$490,000
$356,000
Attached
Apartment
629
Attached
Detached
966
Detached
1,344
$366,570
Apartment
Apartment
$472,000
Attached
509
Attached
$927,000
637
Detached
Detached
$390,000
Apartment
1,034
$499,500
Attached
Apartment
$917,000
66
Attached
Detached
96
Detached
169
$333,000
Apartment
$447,000
Apartment
70
Attached
Attached
58
Detached
$864,000
$360,900
Apartment
Detached
$435,000
Attached
131
$934,500
Detached
Apartment
87
45
Attached
Apartment
42
Detached
Coquit lam $288,500
$450,000
$710,000
503
423
975
$285,000
$464,900
$740,000
500
299
821
$253,000
$437,000
$705,750
51
46
112
$266,900
$502,500
$729,950
58
28
67
$279,000
$455,000
$719,000
41
23
58
Delta South $332,000
$448,500
$655,000
109
62
481
$336,000
$433,277
$686,500
86
54
332
n/a
n/a
$670,000
18
11
48
n/a
n/a
$610,000
8
5
31
n/a
n/a
$689,500
11
5
38
Islands - Gulf n/a
n/a
$620,500
0
1
20
n/a
n/a
$391,000
0
1
26
n/a
n/a
n/a
0
0
2
n/a
n/a
n/a
0
0
3
n/a
n/a
n/a
0
0
2
$214,410
$309,900
$484,250
198
358
821
$216,000
$292,000
$480,000
209
293
792
$214,450
$290,000
$495,329
24
31
108
$193,500
$285,000
$487,500
33
35
108
$233,600
$277,500
$456,000
27
30
n/a
n/a
58
9
17
$299,000
$409,000
$619,950
626
101
245
$308,875
$425,000
$672,000
572
93
209
$290,943
n/a
$619,900
66
6
23
$281,000
n/a
$650,000
74
14
23
$308,250
Maple R id g e/Pitt M eadow s 71
$365,000
$628,250
$920,000
619
264
891
$375,000
$650,000
$1,015,500
569
220
706
$355,000
$599,000
$880,000
63
23
73
$356,500
$615,000
$1,017,500
55
26
60
$360,000
n/a
$1,060,000
48
14
51
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. Aug. 2011
Year-to-date
Jan. Aug. 2012
August 2011
July 2012
August 2012
Number of Sales
August 2012
2012
Port C oquitla m $239,950
$385,000
$540,000
204
161
328
$240,750
$390,000
$545,000
220
168
293
$222,000
n/a
$526,000
23
15
26
$226,000
$382,000
$537,500
24
21
44
n/a
n/a
$568,500
18
17
27
$335,000
$423,000
$832,000
195
161
169
$334,000
$447,500
$780,000
171
151
146
n/a
$399,250
n/a
16
24
19
n/a
n/a
n/a
17
10
15
$342,000
n/a
n/a
21
17
101
55
60
$341,000
$533,750
$937,500
65
54
60
Richm ond $353,000
$545,000
$992,500
1,174
770
1,329
$340,500
$528,500
$980,000
808
535
723
$347,150
$530,000
$1,020,000
96
69
95
$328,000
$493,000
$1,010,000
Port M oody/B elcarra 12
$230,000
$350,000
$490,000
29
65
123
$258,000
$350,000
$500,000
31
68
134
n/a
n/a
n/a
4
10
13
n/a
n/a
$500,000
6
13
21
n/a
n/a
n/a
3
8
11
Squam ish
19
$318,500
$267,500
$395,000
39
31
316
$238,000
$286,500
$399,500
36
31
352
n/a
n/a
$399,000
2
2
39
n/a
n/a
$377,000
7
2
47
n/a
n/a
$410,000
4
3
47
Sunsh ine Co ast
8
y
Burnab
er New W estmin st
Vanco uver E ast $345,000
$600,000
$816,000
823
297
1,345
$348,700
$626,000
$876,500
885
270
955
$355,000
$558,500
$830,000
69
23
148
$332,500
$618,000
$852,500
104
24
109
$310,000
n/a
$867,500
75
15
79
Vanco uver W est $489,000
$860,000
$2,060,000
3,155
557
1,579
$480,000
$867,839
$2,075,500
2,544
382
927
$508,250
$938,800
$2,199,000
337
57
130
$450,750
$814,500
$2,090,000
276
46
83
$495,500
$916,250
$2,030,000
247
40
75
$745,000
$1,100,000
$1,775,000
160
45
898
$700,000
$1,154,400
$1,867,500
119
56
454
n/a
n/a
$2,090,000
14
2
80
n/a
n/a
$1,930,000
17
2
46
n/a
n/a
$1,958,000
6
4
24
n/a
16
33
12
n/a
n/a
n/a
14
16
10
$242,500
$577,500
$837,500
53
101
66
$229,000
$572,500
$973,800
108
154
74
n/a
n/a
n/a
3
18
8
n/a
$670,000
Sound Wes t V a n couve r/Howe
MLS® SALES Facts
Whistl er/Pem berton n/a
9,231
4,026
10,552
n/a
7,892
3,284
7,581
n/a
955
403
1,020
n/a
927
384
787
n/a
725
300
624
% 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
62%
60%
57%
Apartment
1,047
Attached
Attached
1,552
Detached
Detached
40%
Apartment
2,369
47%
Apartment
38%
1,079
Attached
Attached
1,665
Detached
Detached
66%
Apartment
2,600
53%
Apartment
53%
Attached
124
Attached
Detached
182
Detached
258
45%
Apartment
Apartment
58%
121
Attached
31%
188
Detached
Attached
33%
Apartment
Detached
52%
Attached
288
27%
Detached
Apartment
261
87
Attached
Apartment
155
Detached
Coquit lam 46%
67%
60%
1,086
632
1,635
42%
51%
51%
1,193
583
1,596
45%
88%
61%
114
52
185
38%
49%
38%
152
57
178
36%
40%
40%
113
57
145
Delta South 60%
63%
69%
181
98
699
43%
63%
53%
198
86
626
75%
138%
75%
24
8
64
30%
83%
41%
27
6
76
52%
56%
61%
21
9
62
Islands - Gulf 0%
n/a
16%
10
0
126
n/a
50%
23%
0
2
113
n/a
n/a
11%
0
0
18
n/a
n/a
15%
0
0
20
n/a
0%
18%
0
1
11
41%
61%
49%
480
588
1,670
43%
51%
45%
483
569
1,757
44%
53%
53%
54
58
202
50%
48%
56%
66
73
193
60%
39%
40%
45
76
179
Maple R id g e/Pitt M eadow s 54%
64%
67%
1,157
159
365
46%
50%
57%
1,237
185
364
57%
43%
55%
116
14
42
62%
82%
56%
119
17
41
52%
56%
57%
111
16
30
* Year-to-date listings represent a cumulative total of listings rather than total active listings.
Year-to-date*
Jan. Aug. 2011
Year-to-date*
Jan. Aug. 2012
August 2011
July 2012
August 2012
Number of Listings
August 2012
2012
North Vanco uver 50%
60%
65%
1,238
440
1,373
43%
48%
50%
1,315
458
1,406
63%
61%
67%
100
38
109
40%
49%
47%
139
53
128
48%
42%
43%
99
33
119
Port C oquitla m 40%
58%
62%
511
280
527
47%
60%
52%
466
279
562
35%
60%
46%
66
25
56
60%
55%
53%
40
38
83
60%
81%
47%
30
21
58
Port M oody/B elcarra 43%
51%
49%
449
317
346
43%
52%
41%
401
293
354
40%
48%
46%
40
50
41
45%
27%
38%
38
37
40
72%
59%
34%
29
29
35
Richm ond 50%
52%
46%
2,332
1,476
2,893
36%
42%
27%
2,229
1,266
2,655
39%
42%
38%
244
165
251
47%
43%
21%
214
127
286
32%
41%
26%
206
133
234
Squam ish 16%
41%
35%
181
159
348
20%
38%
37%
154
177
360
25%
71%
39%
16
14
33
86%
130%
47%
7
10
45
27%
50%
34%
11
16
32
30%
41%
33%
128
75
952
37%
36%
36%
98
87
991
13%
50%
40%
15
4
97
47%
33%
40%
15
6
118
44%
17%
48%
9
18
97
Sunsh ine Co ast
19
54%
62%
61%
1,521
478
2,196
52%
50%
46%
1,718
541
2,098
41%
55%
52%
169
42
287
66%
42%
44%
157
57
246
52%
33%
40%
144
45
200
Vanco uver E ast
8
y
Burnab
er New W estmin st
Vanco uver W est 51%
56%
59%
6,172
1,001
2,654
42%
39%
33%
6,081
981
2,793
54%
51%
48%
627
112
270
42%
49%
31%
650
94
265
48%
47%
34%
517
86
221
Sound 56%
54%
60%
288
84
1,509
42%
46%
36%
283
122
1,263
50%
33%
56%
28
6
144
53%
18%
35%
32
11
131
26%
40%
22%
23
10
109
Wes t V a n couve r/Howe
MLS® LISTINGS Facts
19%
30%
28%
285
338
239
39%
52%
29%
275
296
259
6%
58%
21%
52
31
38
48%
94%
27%
33
35
45
52%
43%
27%
27
37
37
Whistl er/Pem berton n/a
18,388
7,172
19,084
n/a
18,731
7,004
18,862
n/a
1,923
743
2,019
n/a
1,977
742
2,083
n/a
1,646
674
1,724
Listing & Sales Activity Summary Listings
Sales
1 Aug 2011
2 Jul 2012
3 Aug 2012
5 Aug 2011
6 Jul 2012
7 Aug 2012
182 124 258
188 121 288
155 87 261
-17.6 -28.1 -9.4
96 66 169
58 70 131
42 45 87
-27.6 -35.7 -33.6
311 230 530
183 188 350
-41.2 -18.3 -34.0
185 52 114
178 57 152
145 57 113
-18.5 0.0 -25.7
112 46 51
67 28 58
58 23 41
-13.4 -17.9 -29.3
359 139 196
226 96 146
-37.0 -30.9 -25.5
64 8 24
76 6 27
62 9 21
-18.4 50.0 -22.2
48 11 18
31 5 8
38 5 11
22.6 0.0 37.5
160 26 43
110 20 34
-31.3 -23.1 -20.9
202 58 54
193 73 66
179 76 45
-7.3 4.1 -31.8
108 31 24
108 35 33
71 30 27
-34.3 -14.3 -18.2
340 121 80
287 109 86
-15.6 -9.9 7.5
109 38 100
128 53 139
119 33 99
-7.0 -37.7 -28.8
73 23 63
60 26 55
51 14 48
-15.0 -46.2 -12.7
318 81 250
184 61 172
-42.1 -24.7 -31.2
42 14 116
41 17 119
30 16 111
-26.8 -5.9 -6.7
23 6 66
23 14 74
17 9 58
-26.1 -35.7 -21.6
87 36 248
77 32 217
-11.5 -11.1 -12.5
41 50 40
40 37 38
35 29 29
-12.5 -21.6 -23.7
19 24 16
15 10 17
12 17 21
-20.0 70.0 23.5
63 60 64
38 43 56
-39.7 -28.3 -12.5
56 25 66
83 38 40
58 21 30
-30.1 -44.7 -25.0
26 15 23
44 21 24
27 17 18
-38.6 -19.0 -25.0
103 52 64
104 64 63
1.0 23.1 -1.6
251 165 244
286 127 214
234 133 206
-18.2 4.7 -3.7
95 69 96
60 55 101
60 54 65
0.0 -1.8 -35.6
376 243 370
196 168 279
-47.9 -30.9 -24.6
97 4 15
118 6 15
97 18 9
-17.8 200.0 -40.0
39 2 2
47 2 7
47 3 4
0.0 50.0 -42.9
140 7 18
155 11 15
10.7 57.1 -16.7
33 14 16
45 10 7
32 16 11
-28.9 60.0 57.1
13 10 4
21 13 6
11 8 3
-47.6 -38.5 -50.0
41 22 10
60 25 11
46.3 13.6 10.0
287 42 169
246 57 157
200 45 144
-18.7 -21.1 -8.3
148 23 69
109 24 104
79 15 75
-27.5 -37.5 -27.9
472 97 269
295 74 315
-37.5 -23.7 17.1
270 112 627
265 94 650
221 86 517
-16.6 -8.5 -20.5
130 57 337
83 46 276
75 40 247
-9.6 -13.0 -10.5
482 189 1052
260 132 854
-46.1 -30.2 -18.8
38 31 52
45 35 33
37 37 27
-17.8 5.7 -18.2
8 18 3
12 33 16
10 16 14
-16.7 -51.5 -12.5
29 42 17
29 64 44
0.0 52.4 158.8
144 6 28
131 11 32
109 10 23
-16.8 -9.1 -28.1
80 2 14
46 2 17
24 4 6
-47.8 100.0 -64.7
300 15 50
117 12 36
-61.0 -20.0 -28.0
2001 743 1923
2063 742 1977
1713 673 1646
-17.0 -9.3 -16.7
1018 403 955
784 384 927
622 300 725
-20.7 -21.9 -21.8
3581 1360 3261
2321 1099 2678
-35.2 -19.2 -17.9
BURNABY DETACHED ATTACHED APARTMENTS
Col. 2 & 3 Percentage Variance
%
Col. 6 & 7 Percentage Variance
9 Jun 2011 Aug 2011
10 Jun 2012 Aug 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
$444,218
$547,588
$1,142,237
NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.
1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
IN THOUSANDS ($)
Residential Average Sale Prices - January 1977 to August 2012
