REBGV Stats Package, July 2014
News Release FOR IMMEDIATE RELEASE:
Home buyers continue to slightly outpace sellers, but not by much VANCOUVER, B.C. – August 5, 2014 – The Greater Vancouver housing market continues to see slightly elevated demand from home buyers, steady levels of supply from home sellers and incremental gains in home values depending on the area and property type. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,061 on the Multiple Listing Service® (MLS®) in July 2014. This represents a 3.9 per cent increase compared to the 2,946 sales recorded in July 2013, and a 10.1 per cent decline compared to the 3,406 sales in June 2014. “This is the fourth consecutive month that the Greater Vancouver market has exceeded 3,000 sales,” Darcy McLeod, REBGV president-elect said. “Prior to this, our market had not surpassed the 3,000 sale mark since June of 2011.” Last month’s sales were 3.8 per cent above the 10-year sales average for July of 2,948. The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver* is currently $628,600. This represents a 4.4 per cent increase compared to July 2013. “Today’s activity continues to put Metro Vancouver in the upper reaches of a balanced real estate market,” McLeod said. The sales-to-active-listings ratio currently sits at 19.6 per cent in Metro Vancouver. This ratio has ranged between 18 and 20 per cent over the last four months. New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,925 in July. This represents a 1.5 per cent increase compared to the 4,854 new listings in July 2013 and a 7.8 per cent decline from the 5,339 new listings in June. The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 15,617, a six per cent decline compared to July 2013 and a 2.5 per cent decrease compared to June 2014. Sales of detached properties in July 2014 reached 1,322, an increase of 5.8 per cent from the 1,249 detached sales recorded in July 2013, and a 68 per cent increase from the 787 units sold in
July 2012. The benchmark price for detached properties increased 6.5 per cent from July 2013 to $980,500. Sales of apartment properties reached 1,212 in July 2014, an increase of 0.2 per cent compared to the 1,210 sales in July 2013, and a 30.7 per cent increase compared to the 927 sales in July 2012. The benchmark price of an apartment property increased 2.2 per cent from July 2013 to $376,500. Attached property sales in July 2014 totalled 527, an 8.2 per cent increase compared to the 487 sales in July 2013, and a 37.2 per cent increase over the 384 attached properties sold in July 2012. The benchmark price of an attached unit increased 3.4 per cent between July 2013 and 2014 to $472,400. -30-
* Areas covered by Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta. The real estate industry is a key economic driver in British Columbia. In 2013, 28,524 homes changed ownership in the Board’s area, generating $1.84 billion in economic spin-off activity and 13,977 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancouver totalled $22 billion in 2013. The Real Estate Board of Greater Vancouver is an association representing more than 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 of Communications Real Estate Board of Greater Vancouver Phone: (604) 730-3146 [email protected] www.rebgv.org| Facebook|Twitter To unsubscribe to the Real Estate Board of Greater Vancouver’s news release distribution, please email [email protected] .
July 2014
* 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
$561,100 $628,600 $594,500 $597,800 $542,700 $592,300 $524,100 $545,300 $391,100 $376,500 $676,200 $398,500 $406,100 $536,600 $592,700 $411,600 $356,200 $608,700 $647,000 $850,800 $1,704,600 $457,100
158.4 164.8 128.9 165.0 162.1 167.0 155.0 151.7 132.2 161.6 153.0 144.3 144.2 148.2 172.1 132.9 124.8 153.4 189.3 179.3 183.0 108.9
-0.1% 0.1% 1.3% 0.9% -0.6% 0.1% 0.2% -0.3% -0.1% 0.0% 0.1% 0.8% 0.1% 0.3% 0.6% 0.2% 0.0% 0.2% -0.1% 0.1% -0.4% 0.9%
1.1% 1.5% 4.0% 2.5% 2.5% 1.5% 1.4% 1.9% 1.2% 0.8% 1.8% 1.8% 1.1% 1.8% 1.3% 4.2% 2.5% 1.3% 1.3% 1.5% 3.3% 4.9%
3.1% 3.6% 5.6% 5.0% 4.8% 2.6% 2.3% 4.7% 2.0% 2.7% 3.9% 0.1% 1.4% 4.9% 4.2% 4.9% 5.6% 4.3% 4.6% 3.6% 6.9% 0.9%
3.5% 4.4% 4.5% 5.6% 6.1% 3.7% 4.6% 3.3% 1.4% 2.8% 4.4% 4.0% 3.7% 5.5% 3.6% 3.3% 4.6% 3.0% 6.2% 5.5% 8.9% 0.2%
2.6% 2.7% -2.2% 7.1% 3.7% 1.0% 4.6% 0.7% -1.9% 3.1% 7.4% 2.8% -0.1% 7.0% -0.2% 5.4% -5.5% 2.6% 8.7% 4.4% 11.0% -11.5%
17.8% 20.8% 2.1% 21.2% 19.8% 22.6% 19.1% 15.8% 4.3% 15.8% 18.5% 9.7% 8.2% 15.0% 23.7% 4.4% -3.0% 16.1% 30.9% 26.4% 46.2% -13.0%
Single Family Detached
$796,200 $980,500 $594,500 $791,500 $983,400 $1,020,400 $751,100 $632,400 $474,300 $691,300 $1,010,000 $519,200 $573,600 $895,400 $989,800 $537,100 $353,900 $740,800 $932,000 $2,273,600 $2,035,400 $954,300
169.2 181.2 128.9 177.0 189.8 195.6 166.4 152.6 134.8 171.5 161.2 144.9 153.2 165.9 199.3 145.1 124.0 159.5 205.8 233.6 193.8 132.1
0.2% 0.4% 1.3% 0.6% -1.3% 0.5% 0.3% -0.3% 0.4% -0.3% 0.0% 1.1% 0.2% 0.0% 1.1% 1.0% 0.0% 0.2% 1.4% 0.7% -0.9% -0.7%
1.7% 2.5% 4.0% 2.7% 2.6% 2.2% 1.8% 2.5% 2.4% 2.6% 2.9% 3.6% 1.6% 0.9% 2.8% 4.5% 2.4% 0.9% 3.4% 3.3% 3.2% 2.3%
4.6% 5.5% 5.6% 6.3% 6.1% 5.1% 3.7% 5.7% 4.0% 5.2% 6.5% 4.5% 2.2% 4.5% 6.3% 8.1% 5.4% 5.1% 7.2% 6.0% 7.4% 5.1%
5.3% 6.5% 4.5% 5.0% 7.4% 5.3% 5.9% 2.9% 3.0% 3.6% 7.1% 2.7% 4.2% 7.5% 4.8% 9.2% 4.5% 3.5% 10.3% 9.9% 9.3% 7.5%
5.2% 4.6% -2.2% 9.7% 8.8% 6.2% 8.8% 1.2% 1.0% 4.9% 10.3% 3.8% 4.1% 8.6% -3.0% 9.3% -6.2% 5.4% 13.9% 4.8% 12.9% 8.1%
28.7% 34.8% 2.1% 30.4% 38.4% 43.9% 28.4% 18.3% 8.8% 26.5% 26.5% 11.8% 18.3% 28.3% 40.5% 15.3% -3.5% 21.9% 48.2% 58.1% 54.8% 7.2%
Property Type
Area
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
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. • 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 11
July 2014
*
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
$397,800 $472,400 $428,500 $413,000 $426,700 $384,400 $460,200 $266,600 $414,500 $602,100 $325,900 $374,300 $414,000 $515,300 $356,300 $458,600 $526,300 $758,600 $481,100
144.4 153.3 153.7 154.0 153.1 141.2 152.5 129.5 155.7 144.1 141.0 142.5 139.9 166.6 129.3 141.8 173.5 171.6 129.6
0.2% 0.3% 1.1% -0.8% 0.2% -1.2% -0.3% -1.7% 1.4% -0.6% 1.1% 0.6% -0.5% 1.5% -0.3% -0.6% -1.1% 1.4% 1.8%
0.9% 1.7% 2.1% 2.1% 2.5% -0.9% -1.4% -2.9% 1.2% 0.3% 0.2% 2.4% 1.2% 0.2% 5.2% -1.7% 3.2% 6.9% 7.1%
1.9% 3.2% 1.7% 4.1% 4.6% 1.6% 3.9% 0.7% 4.6% 3.1% 0.6% -0.4% 4.8% 2.8% 2.1% 2.9% 1.6% 10.2% 1.9%
2.0% 3.4% 2.9% 6.8% 5.3% 0.9% 4.7% -2.1% 5.7% 3.6% 4.2% 2.0% 2.9% 4.0% 5.6% 2.0% 1.7% 7.4% 6.3%
-1.0% 0.3% 3.6% -3.8% -0.3% -1.5% 0.9% -6.7% 5.4% 3.7% -4.9% -0.7% -1.8% 1.1% 3.9% -8.5% 4.6% 10.2% 4.8%
9.7% 14.5% 14.8% 13.6% 13.9% 9.2% 13.6% -1.4% 17.7% 12.6% 6.4% 7.4% 7.7% 23.0% 1.4% 5.6% 16.8% 26.8% 8.9%
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
$341,700 $376,500 $413,600 $349,200 $386,500 $255,600 $311,000 $168,800 $277,400 $354,100 $246,500 $224,900 $336,000 $352,600 $214,100 $325,900 $314,700 $488,800 $628,400 $191,000
149.9 152.2 157.0 147.6 155.2 140.7 147.4 123.1 158.6 143.8 145.7 133.3 140.0 149.5 103.0 137.1 173.6 158.2 137.3 68.6
-0.5% -0.4% 0.8% -0.1% -0.2% 0.2% -0.9% -0.6% -0.1% 0.4% 0.5% -0.1% 1.2% -0.4% -0.7% 0.1% -2.0% -0.5% 3.0% 1.5%
0.1% 0.3% 0.6% 2.6% 1.0% 1.1% 3.9% 0.1% -0.1% 0.4% 0.6% -0.9% 3.2% 0.1% 0.9% 3.7% -1.5% -0.1% 6.5% 6.5%
1.4% 1.3% 4.9% 4.3% 0.2% -1.1% 2.4% -6.9% 1.3% 0.3% -4.5% 2.1% 5.2% 2.5% -3.9% 2.1% 2.1% 1.3% 6.4% -1.7%
1.4% 2.2% 11.7% 5.4% 1.8% 2.8% 3.1% -2.2% 2.1% 0.2% 5.4% 4.7% 4.9% 1.6% -18.6% 1.9% 2.7% 2.7% 6.4% -14.7%
0.0% 0.6% 8.4% 3.4% -3.1% -1.5% -1.1% -7.8% 1.9% 3.4% 10.1% -5.9% 11.5% 1.3% -8.5% -3.7% 3.8% 2.6% 1.0% -29.4%
7.4% 9.5% 9.5% 10.0% 13.3% 7.3% 8.9% -8.0% 12.0% 9.6% 8.9% -3.6% 9.4% 7.5% -20.2% 1.3% 14.4% 12.4% 9.3% -48.4%
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. 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 11
Jul 2014 May 2014 Mar 2014 Jan 2014 Nov 2013 Sep 2013 Jul 2013 Apartment
May 2013 Mar 2013 Jan 2013 Nov 2012
Townhouse
Jul 2012 May 2012 Mar 2012 Jan 2012
Detached
Nov 2011 Sep 2011 Jul 2011 May 2011
Residential
Mar 2011 Jan 2011 Nov 2010 Sep 2010 Jul 2010 May 2010 Mar 2010 Jan 2010 Nov 2009 Sep 2009 60
80
100
120 Price Index
140
160
180
Jul 2009 200
Jan 2005 HPI = 100
C:\DATA\MonthEnd\Hpi\export\hi_res\gv-hpi2.tif
Greater Vancouver 5 Year Trend
Sep 2012
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
$910,000
$478,000
$360,000
Attached
Apartment
473
Attached
Detached
547
Detached
951
$372,000
Apartment
Apartment
$514,600
Attached
470
Attached
$996,000
686
Detached
Detached
$375,000
Apartment
1,042
$479,900
Apartment
$920,000
Attached
73
Attached
Detached
122
Detached
166
$360,000
Apartment
Apartment
$520,000
99
Attached
$975,000
112
Detached
Attached
$379,000
Apartment
Detached
$522,450
Attached
190
$962,000
Detached
Apartment
154
79
Attached
Apartment
113
Detached
2014
Coquit lam $288,000
$438,000
$705,500
428
275
673
$288,000
$480,000
$760,000
451
311
810
$307,250
$455,029
$671,250
68
46
119
$291,944
$480,500
$763,750
57
61
146
$269,000
$476,500
$755,000
84
45
121
Delta South $324,500
$400,000
$655,000
74
35
277
$328,750
$453,000
$687,750
104
46
364
n/a
n/a
$664,000
13
6
47
n/a
n/a
$690,500
10
5
70
n/a
n/a
$725,000
18
5
63
Islands - Gulf n/a
n/a
n/a
0
0
18
n/a
n/a
$370,000
0
0
25
n/a
n/a
n/a
0
0
3
n/a
n/a
n/a
0
0
7
n/a
n/a
n/a
0
0
4
$211,500
$300,000
$480,000
160
222
666
$218,000
$300,000
$492,000
218
290
813
$220,000
$295,000
$513,551
31
39
126
$229,000
$287,000
$490,450
38
51
134
$194,900
$292,000
$520,000
27
45 76
4
32
$287,450
$443,000
$689,900
436
79
171
$308,000
$429,450
$701,000
473
61
213
$304,000
n/a
$685,750
76
11
34
$292,500
n/a
$696,800
78
9
48
$317,000
n/a
$701,000
Maple R id g e/Pitt M eadow s 158
$374,500
$625,000
$947,000
434
206
695
$376,000
$662,000
$1,072,250
522
247
815
$381,250
$588,000
$948,475
77
27
117
$361,688
$620,000
$1,015,000
94
47
135
$375,000
$680,000
$1,115,400
75
37
112
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. Jul. 2013
Year-to-date
Jan. Jul. 2014
July 2013
June 2014
July 2014
Number of Sales
July 2014
21
Port C oquitla m $227,100
$371,000
$540,000
154
178
232
$242,250
$389,000
$562,569
208
203
302
$217,500
$403,500
$537,450
34
23
54
$227,403
$389,000
$545,000
38
43
48
$246,000
$423,000
$590,500
36
22
45
$336,000
$440,000
$786,000
154
99
148
$352,450
$420,000
$883,250
176
153
164
$331,000
n/a
$814,750
30
11
28
$309,500
$418,000
$910,500
24
26
36
$384,500
$460,000
$802,000
26
21 150
97
159
Richm ond $338,000
$500,400
$920,000
833
531
738
$350,000
$530,000
$999,000
879
610
1,007
$320,500
$492,827
$935,500
165
94
146
$372,000
$538,000
$1,027,000
141
113
166
$356,450
$532,860
$1,035,000
Port M oody/B elcarra 28
Squam ish $215,000
$367,500
$490,000
28
74
101
$216,000
$357,861
$536,750
58
89
166
n/a
n/a
n/a
6
8
14
n/a
$367,450
$467,500
6
20
31
n/a
n/a
$624,000
11
19
30
$294,000
$251,950
$380,000
30
24
282
$250,969
$239,900
$378,000
41
24
322
n/a
n/a
$385,931
5
4
56
n/a
n/a
$390,000
8
8
67
n/a
n/a
$380,000
3
0
55
Sunsh ine Co ast
7
y
Burnab
er New W estmin st
Vanco uver E ast $343,000
$622,000
$865,000
644
257
807
$345,000
$648,900
$957,000
876
316
1,070
$328,000
$616,822
$880,000
124
53
148
$340,450
$635,421
$998,000
145
50
177
$360,000
$639,000
$967,600
137
50
170
Vanco uver W est $475,000
$842,000
$2,130,000
2,258
377
944
$490,000
$862,633
$2,325,000
2,576
391
1,115
$488,500
$811,500
$2,305,000
384
58
130
$484,250
$915,500
$2,300,000
442
71
175
$490,000
$865,000
$2,380,000
383
68
143
$789,000
$1,161,000
$1,850,000
95
51
414
$775,000
$1,196,500
$2,100,000
105
46
489
n/a
n/a
$1,948,000
16
15
79
$709,000
n/a
$2,135,000
21
9
94
n/a
n/a
$1,997,000
17
5
69
15
30
20
$254,500
$491,000
$901,500
105
121
93
$238,500
$570,000
$1,168,000
140
159
88
n/a
n/a
$872,500
15
19
26
n/a
$557,500
n/a
16
24
16
n/a
$612,000
$773,750
Sound Wes t V a n couve r/Howe
MLS® SALES Facts
Whistl er/Pem berton n/a
6,784
3,002
6,806
n/a
7,869
3,416
8,449
n/a
1,210
487
1,249
n/a
1,308
636
1,462
n/a
1,212
527
1,322
% 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
39%
55%
47%
Apartment
854
Attached
Attached
1,420
Detached
Detached
54%
Apartment
2,032
59%
Apartment
47%
796
Attached
Attached
1,463
Detached
Detached
55%
Apartment
1,926
69%
Apartment
56%
Attached
106
Attached
Detached
218
Detached
302
66%
Apartment
Apartment
71%
139
Attached
56%
201
Detached
Attached
61%
Apartment
Detached
72%
Attached
290
54%
Detached
Apartment
252
110
Attached
Apartment
210
Detached
2014
Coquit lam 42%
48%
51%
1,016
570
1,329
46%
69%
61%
973
452
1,331
49%
67%
72%
138
69
165
44%
94%
80%
130
65
183
75%
82%
72%
112
55
167
Delta South 41%
38%
49%
179
92
564
58%
61%
60%
180
76
611
62%
46%
59%
21
13
80
32%
45%
96%
31
11
73
58%
50%
80%
31
10
79
Islands - Gulf n/a
0%
18%
0
1
101
n/a
0%
23%
0
2
107
n/a
n/a
14%
0
0
21
n/a
n/a
33%
0
0
21
n/a
n/a
24%
0
0
17
39%
46%
47%
407
483
1,430
50%
58%
56%
438
499
1,457
82%
51%
64%
38
76
196
67%
93%
67%
57
55
200
75%
85%
73%
36
53
217
Maple R id g e/Pitt M eadow s 47%
59%
51%
934
135
335
46%
56%
61%
1,037
109
347
57%
73%
68%
133
15
50
48%
56%
114%
162
16
42
53%
22%
70%
144
18
46
* Year-to-date listings represent a cumulative total of listings rather than total active listings.
Year-to-date*
Jan. Jul. 2013
Year-to-date*
Jan. Jul. 2014
July 2013
June 2014
July 2014
Number of Listings
July 2014
21
North Vanco uver 40%
52%
53%
1,072
400
1,318
42%
62%
63%
1,246
397
1,288
54%
61%
85%
142
44
137
59%
87%
76%
160
54
177
45%
77%
87%
165
48
129
Port C oquitla m 40%
53%
54%
384
337
430
42%
64%
75%
499
317
405
64%
55%
96%
53
42
56
68%
100%
96%
56
43
50
54%
39%
80%
67
56
56
Port M oody/B elcarra 47%
46%
44%
326
216
336
61%
77%
56%
288
198
293
97%
58%
74%
31
19
38
60%
81%
67%
40
32
54
76%
105%
72%
34
20
39
Richm ond 47%
53%
38%
1,758
994
1,959
43%
57%
49%
2,030
1,073
2,058
62%
58%
51%
265
162
285
52%
74%
58%
269
153
284
57%
57%
50%
261
171
315
Squam ish 28%
52%
35%
99
142
285
64%
65%
59%
90
137
282
86%
89%
38%
7
9
37
86%
154%
100%
7
13
31
138%
86%
79%
8
22
38
Sunsh ine Co ast 50%
29%
34%
60
82
823
40%
33%
37%
103
73
868
83%
50%
57%
6
8
99
23%
44%
54%
35
18
123
43%
0%
50%
7
19
111
48%
49%
49%
1,347
523
1,645
56%
63%
63%
1,572
503
1,691
74%
64%
63%
167
83
236
62%
72%
72%
233
69
245
72%
89%
67%
189
56
253
Vanco uver E ast
7
y
Burnab
er New W estmin st
Vanco uver W est 49%
49%
44%
4,582
773
2,125
52%
50%
49%
4,933
787
2,292
64%
52%
45%
598
111
289
60%
60%
53%
734
118
328
62%
59%
53%
613
116
268
Sound 42%
46%
35%
226
112
1,191
44%
49%
41%
240
93
1,197
42%
94%
58%
38
16
137
75%
69%
57%
28
13
166
50%
42%
44%
34
12
156
Wes t V a n couve r/Howe
MLS® LISTINGS Facts
47%
62%
43%
222
195
216
53%
65%
42%
265
244
210
42%
61%
84%
36
31
31
32%
71%
35%
50
34
46
47%
63%
80%
32
48
25
Whistl er/Pem berton n/a
14,644
5,909
15,507
n/a
15,820
5,756
15,900
n/a
1,975
804
2,075
n/a
2,282
833
2,224
n/a
1,985
814
2,126
Listing & Sales Activity Summary Listings
Sales
1 Jul 2013
2 Jun 2014
3 Jul 2014
5 Jul 2013
6 Jun 2014
7 Jul 2014
218 106 302
201 139 290
210 110 252
4.5 -20.9 -13.1
122 73 166
112 99 190
113 79 154
0.9 -20.2 -18.9
287 249 478
350 247 507
22.0 -0.8 6.1
165 69 138
183 65 130
167 55 112
-8.7 -15.4 -13.8
119 46 68
146 61 57
121 45 84
-17.1 -26.2 47.4
330 134 197
406 157 226
23.0 17.2 14.7
80 13 21
73 11 31
79 10 31
8.2 -9.1 0.0
47 6 13
70 5 10
63 5 18
-10.0 0.0 80.0
165 13 41
204 27 54
23.6 107.7 31.7
196 76 38
200 55 57
217 53 36
8.5 -3.6 -36.8
126 39 31
134 51 38
158 45 27
17.9 -11.8 -28.9
347 110 83
442 140 97
27.4 27.3 16.9
137 44 142
177 54 160
129 48 165
-27.1 -11.1 3.1
117 27 77
135 47 94
112 37 75
-17.0 -21.3 -20.2
335 98 211
392 127 259
17.0 29.6 22.7
50 15 133
42 16 162
46 18 144
9.5 12.5 -11.1
34 11 76
48 9 78
32 4 76
-33.3 -55.6 -2.6
96 34 201
108 25 220
12.5 -26.5 9.5
38 19 31
54 32 40
39 20 34
-27.8 -37.5 -15.0
28 11 30
36 26 24
28 21 26
-22.2 -19.2 8.3
80 48 72
93 74 86
16.3 54.2 19.4
56 42 53
50 43 56
56 56 67
12.0 30.2 19.6
54 23 34
48 43 38
45 22 36
-6.3 -48.8 -5.3
140 73 78
141 94 103
0.7 28.8 32.1
285 162 265
284 153 269
315 171 261
10.9 11.8 -3.0
146 94 165
166 113 141
159 97 150
-4.2 -14.2 6.4
388 271 429
485 306 439
25.0 12.9 2.3
99 8 6
123 18 35
111 19 7
-9.8 5.6 -80.0
56 4 5
67 8 8
55 0 3
-17.9 -100.0 -62.5
158 12 13
186 10 20
17.7 -16.7 53.8
37 9 7
31 13 7
38 22 8
22.6 69.2 14.3
14 8 6
31 20 6
30 19 11
-3.2 -5.0 83.3
49 34 15
88 53 26
79.6 55.9 73.3
236 83 167
245 69 233
253 56 189
3.3 -18.8 -18.9
148 53 124
177 50 145
170 50 137
-4.0 0.0 -5.5
448 143 344
519 147 430
15.8 2.8 25.0
289 111 598
328 118 734
268 116 613
-18.3 -1.7 -16.5
130 58 384
175 71 442
143 68 383
-18.3 -4.2 -13.3
462 191 1166
521 202 1231
12.8 5.8 5.6
31 31 36
46 34 50
25 48 32
-45.7 41.2 -36.0
26 19 15
16 24 16
20 30 15
25.0 25.0 -6.3
44 52 40
42 79 54
-4.5 51.9 35.0
137 16 38
166 13 28
156 12 34
-6.0 -7.7 21.4
79 15 16
94 9 21
69 5 17
-26.6 -44.4 -19.0
226 31 46
245 22 54
8.4 -29.0 17.4
2054 804 1975
2203 833 2282
2109 814 1985
-4.3 -2.3 -13.0
1246 487 1210
1455 636 1308
1318 527 1212
-9.4 -17.1 -7.3
3555 1493 3414
4222 1710 3806
18.8 14.5 11.5
BURNABY DETACHED ATTACHED APARTMENTS
Col. 2 & 3 Percentage Variance
%
Col. 6 & 7 Percentage Variance
9 May 2013 Jul 2013
10 May 2014 Jul 2014
%
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/PEMBERTON DETACHED ATTACHED APARTMENTS
WEST VANCOUVER/HOWE SOUND DETACHED ATTACHED APARTMENTS
GRAND TOTALS DETACHED ATTACHED APARTMENTS
0
200
400
600
800
1000
1200
1400
1600
DETACHED
CONDOMINIUM
ATTACHED
APARTMENTS
$466,845
$588,101
$1,193,751
NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.
1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
IN THOUSANDS ($)
Residential Average Sale Prices - January 1977 to July 2014
Home buyers continue to slightly outpace sellers, but not by much VANCOUVER, B.C. – August 5, 2014 – The Greater Vancouver housing market continues to see slightly elevated demand from home buyers, steady levels of supply from home sellers and incremental gains in home values depending on the area and property type. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,061 on the Multiple Listing Service® (MLS®) in July 2014. This represents a 3.9 per cent increase compared to the 2,946 sales recorded in July 2013, and a 10.1 per cent decline compared to the 3,406 sales in June 2014. “This is the fourth consecutive month that the Greater Vancouver market has exceeded 3,000 sales,” Darcy McLeod, REBGV president-elect said. “Prior to this, our market had not surpassed the 3,000 sale mark since June of 2011.” Last month’s sales were 3.8 per cent above the 10-year sales average for July of 2,948. The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver* is currently $628,600. This represents a 4.4 per cent increase compared to July 2013. “Today’s activity continues to put Metro Vancouver in the upper reaches of a balanced real estate market,” McLeod said. The sales-to-active-listings ratio currently sits at 19.6 per cent in Metro Vancouver. This ratio has ranged between 18 and 20 per cent over the last four months. New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,925 in July. This represents a 1.5 per cent increase compared to the 4,854 new listings in July 2013 and a 7.8 per cent decline from the 5,339 new listings in June. The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 15,617, a six per cent decline compared to July 2013 and a 2.5 per cent decrease compared to June 2014. Sales of detached properties in July 2014 reached 1,322, an increase of 5.8 per cent from the 1,249 detached sales recorded in July 2013, and a 68 per cent increase from the 787 units sold in
July 2012. The benchmark price for detached properties increased 6.5 per cent from July 2013 to $980,500. Sales of apartment properties reached 1,212 in July 2014, an increase of 0.2 per cent compared to the 1,210 sales in July 2013, and a 30.7 per cent increase compared to the 927 sales in July 2012. The benchmark price of an apartment property increased 2.2 per cent from July 2013 to $376,500. Attached property sales in July 2014 totalled 527, an 8.2 per cent increase compared to the 487 sales in July 2013, and a 37.2 per cent increase over the 384 attached properties sold in July 2012. The benchmark price of an attached unit increased 3.4 per cent between July 2013 and 2014 to $472,400. -30-
* Areas covered by Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta. The real estate industry is a key economic driver in British Columbia. In 2013, 28,524 homes changed ownership in the Board’s area, generating $1.84 billion in economic spin-off activity and 13,977 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancouver totalled $22 billion in 2013. The Real Estate Board of Greater Vancouver is an association representing more than 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 of Communications Real Estate Board of Greater Vancouver Phone: (604) 730-3146 [email protected] www.rebgv.org| Facebook|Twitter To unsubscribe to the Real Estate Board of Greater Vancouver’s news release distribution, please email [email protected] .
July 2014
* 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
$561,100 $628,600 $594,500 $597,800 $542,700 $592,300 $524,100 $545,300 $391,100 $376,500 $676,200 $398,500 $406,100 $536,600 $592,700 $411,600 $356,200 $608,700 $647,000 $850,800 $1,704,600 $457,100
158.4 164.8 128.9 165.0 162.1 167.0 155.0 151.7 132.2 161.6 153.0 144.3 144.2 148.2 172.1 132.9 124.8 153.4 189.3 179.3 183.0 108.9
-0.1% 0.1% 1.3% 0.9% -0.6% 0.1% 0.2% -0.3% -0.1% 0.0% 0.1% 0.8% 0.1% 0.3% 0.6% 0.2% 0.0% 0.2% -0.1% 0.1% -0.4% 0.9%
1.1% 1.5% 4.0% 2.5% 2.5% 1.5% 1.4% 1.9% 1.2% 0.8% 1.8% 1.8% 1.1% 1.8% 1.3% 4.2% 2.5% 1.3% 1.3% 1.5% 3.3% 4.9%
3.1% 3.6% 5.6% 5.0% 4.8% 2.6% 2.3% 4.7% 2.0% 2.7% 3.9% 0.1% 1.4% 4.9% 4.2% 4.9% 5.6% 4.3% 4.6% 3.6% 6.9% 0.9%
3.5% 4.4% 4.5% 5.6% 6.1% 3.7% 4.6% 3.3% 1.4% 2.8% 4.4% 4.0% 3.7% 5.5% 3.6% 3.3% 4.6% 3.0% 6.2% 5.5% 8.9% 0.2%
2.6% 2.7% -2.2% 7.1% 3.7% 1.0% 4.6% 0.7% -1.9% 3.1% 7.4% 2.8% -0.1% 7.0% -0.2% 5.4% -5.5% 2.6% 8.7% 4.4% 11.0% -11.5%
17.8% 20.8% 2.1% 21.2% 19.8% 22.6% 19.1% 15.8% 4.3% 15.8% 18.5% 9.7% 8.2% 15.0% 23.7% 4.4% -3.0% 16.1% 30.9% 26.4% 46.2% -13.0%
Single Family Detached
$796,200 $980,500 $594,500 $791,500 $983,400 $1,020,400 $751,100 $632,400 $474,300 $691,300 $1,010,000 $519,200 $573,600 $895,400 $989,800 $537,100 $353,900 $740,800 $932,000 $2,273,600 $2,035,400 $954,300
169.2 181.2 128.9 177.0 189.8 195.6 166.4 152.6 134.8 171.5 161.2 144.9 153.2 165.9 199.3 145.1 124.0 159.5 205.8 233.6 193.8 132.1
0.2% 0.4% 1.3% 0.6% -1.3% 0.5% 0.3% -0.3% 0.4% -0.3% 0.0% 1.1% 0.2% 0.0% 1.1% 1.0% 0.0% 0.2% 1.4% 0.7% -0.9% -0.7%
1.7% 2.5% 4.0% 2.7% 2.6% 2.2% 1.8% 2.5% 2.4% 2.6% 2.9% 3.6% 1.6% 0.9% 2.8% 4.5% 2.4% 0.9% 3.4% 3.3% 3.2% 2.3%
4.6% 5.5% 5.6% 6.3% 6.1% 5.1% 3.7% 5.7% 4.0% 5.2% 6.5% 4.5% 2.2% 4.5% 6.3% 8.1% 5.4% 5.1% 7.2% 6.0% 7.4% 5.1%
5.3% 6.5% 4.5% 5.0% 7.4% 5.3% 5.9% 2.9% 3.0% 3.6% 7.1% 2.7% 4.2% 7.5% 4.8% 9.2% 4.5% 3.5% 10.3% 9.9% 9.3% 7.5%
5.2% 4.6% -2.2% 9.7% 8.8% 6.2% 8.8% 1.2% 1.0% 4.9% 10.3% 3.8% 4.1% 8.6% -3.0% 9.3% -6.2% 5.4% 13.9% 4.8% 12.9% 8.1%
28.7% 34.8% 2.1% 30.4% 38.4% 43.9% 28.4% 18.3% 8.8% 26.5% 26.5% 11.8% 18.3% 28.3% 40.5% 15.3% -3.5% 21.9% 48.2% 58.1% 54.8% 7.2%
Property Type
Area
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
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. • 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 11
July 2014
*
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
$397,800 $472,400 $428,500 $413,000 $426,700 $384,400 $460,200 $266,600 $414,500 $602,100 $325,900 $374,300 $414,000 $515,300 $356,300 $458,600 $526,300 $758,600 $481,100
144.4 153.3 153.7 154.0 153.1 141.2 152.5 129.5 155.7 144.1 141.0 142.5 139.9 166.6 129.3 141.8 173.5 171.6 129.6
0.2% 0.3% 1.1% -0.8% 0.2% -1.2% -0.3% -1.7% 1.4% -0.6% 1.1% 0.6% -0.5% 1.5% -0.3% -0.6% -1.1% 1.4% 1.8%
0.9% 1.7% 2.1% 2.1% 2.5% -0.9% -1.4% -2.9% 1.2% 0.3% 0.2% 2.4% 1.2% 0.2% 5.2% -1.7% 3.2% 6.9% 7.1%
1.9% 3.2% 1.7% 4.1% 4.6% 1.6% 3.9% 0.7% 4.6% 3.1% 0.6% -0.4% 4.8% 2.8% 2.1% 2.9% 1.6% 10.2% 1.9%
2.0% 3.4% 2.9% 6.8% 5.3% 0.9% 4.7% -2.1% 5.7% 3.6% 4.2% 2.0% 2.9% 4.0% 5.6% 2.0% 1.7% 7.4% 6.3%
-1.0% 0.3% 3.6% -3.8% -0.3% -1.5% 0.9% -6.7% 5.4% 3.7% -4.9% -0.7% -1.8% 1.1% 3.9% -8.5% 4.6% 10.2% 4.8%
9.7% 14.5% 14.8% 13.6% 13.9% 9.2% 13.6% -1.4% 17.7% 12.6% 6.4% 7.4% 7.7% 23.0% 1.4% 5.6% 16.8% 26.8% 8.9%
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
$341,700 $376,500 $413,600 $349,200 $386,500 $255,600 $311,000 $168,800 $277,400 $354,100 $246,500 $224,900 $336,000 $352,600 $214,100 $325,900 $314,700 $488,800 $628,400 $191,000
149.9 152.2 157.0 147.6 155.2 140.7 147.4 123.1 158.6 143.8 145.7 133.3 140.0 149.5 103.0 137.1 173.6 158.2 137.3 68.6
-0.5% -0.4% 0.8% -0.1% -0.2% 0.2% -0.9% -0.6% -0.1% 0.4% 0.5% -0.1% 1.2% -0.4% -0.7% 0.1% -2.0% -0.5% 3.0% 1.5%
0.1% 0.3% 0.6% 2.6% 1.0% 1.1% 3.9% 0.1% -0.1% 0.4% 0.6% -0.9% 3.2% 0.1% 0.9% 3.7% -1.5% -0.1% 6.5% 6.5%
1.4% 1.3% 4.9% 4.3% 0.2% -1.1% 2.4% -6.9% 1.3% 0.3% -4.5% 2.1% 5.2% 2.5% -3.9% 2.1% 2.1% 1.3% 6.4% -1.7%
1.4% 2.2% 11.7% 5.4% 1.8% 2.8% 3.1% -2.2% 2.1% 0.2% 5.4% 4.7% 4.9% 1.6% -18.6% 1.9% 2.7% 2.7% 6.4% -14.7%
0.0% 0.6% 8.4% 3.4% -3.1% -1.5% -1.1% -7.8% 1.9% 3.4% 10.1% -5.9% 11.5% 1.3% -8.5% -3.7% 3.8% 2.6% 1.0% -29.4%
7.4% 9.5% 9.5% 10.0% 13.3% 7.3% 8.9% -8.0% 12.0% 9.6% 8.9% -3.6% 9.4% 7.5% -20.2% 1.3% 14.4% 12.4% 9.3% -48.4%
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. 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 11
Jul 2014 May 2014 Mar 2014 Jan 2014 Nov 2013 Sep 2013 Jul 2013 Apartment
May 2013 Mar 2013 Jan 2013 Nov 2012
Townhouse
Jul 2012 May 2012 Mar 2012 Jan 2012
Detached
Nov 2011 Sep 2011 Jul 2011 May 2011
Residential
Mar 2011 Jan 2011 Nov 2010 Sep 2010 Jul 2010 May 2010 Mar 2010 Jan 2010 Nov 2009 Sep 2009 60
80
100
120 Price Index
140
160
180
Jul 2009 200
Jan 2005 HPI = 100
C:\DATA\MonthEnd\Hpi\export\hi_res\gv-hpi2.tif
Greater Vancouver 5 Year Trend
Sep 2012
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
$910,000
$478,000
$360,000
Attached
Apartment
473
Attached
Detached
547
Detached
951
$372,000
Apartment
Apartment
$514,600
Attached
470
Attached
$996,000
686
Detached
Detached
$375,000
Apartment
1,042
$479,900
Apartment
$920,000
Attached
73
Attached
Detached
122
Detached
166
$360,000
Apartment
Apartment
$520,000
99
Attached
$975,000
112
Detached
Attached
$379,000
Apartment
Detached
$522,450
Attached
190
$962,000
Detached
Apartment
154
79
Attached
Apartment
113
Detached
2014
Coquit lam $288,000
$438,000
$705,500
428
275
673
$288,000
$480,000
$760,000
451
311
810
$307,250
$455,029
$671,250
68
46
119
$291,944
$480,500
$763,750
57
61
146
$269,000
$476,500
$755,000
84
45
121
Delta South $324,500
$400,000
$655,000
74
35
277
$328,750
$453,000
$687,750
104
46
364
n/a
n/a
$664,000
13
6
47
n/a
n/a
$690,500
10
5
70
n/a
n/a
$725,000
18
5
63
Islands - Gulf n/a
n/a
n/a
0
0
18
n/a
n/a
$370,000
0
0
25
n/a
n/a
n/a
0
0
3
n/a
n/a
n/a
0
0
7
n/a
n/a
n/a
0
0
4
$211,500
$300,000
$480,000
160
222
666
$218,000
$300,000
$492,000
218
290
813
$220,000
$295,000
$513,551
31
39
126
$229,000
$287,000
$490,450
38
51
134
$194,900
$292,000
$520,000
27
45 76
4
32
$287,450
$443,000
$689,900
436
79
171
$308,000
$429,450
$701,000
473
61
213
$304,000
n/a
$685,750
76
11
34
$292,500
n/a
$696,800
78
9
48
$317,000
n/a
$701,000
Maple R id g e/Pitt M eadow s 158
$374,500
$625,000
$947,000
434
206
695
$376,000
$662,000
$1,072,250
522
247
815
$381,250
$588,000
$948,475
77
27
117
$361,688
$620,000
$1,015,000
94
47
135
$375,000
$680,000
$1,115,400
75
37
112
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. Jul. 2013
Year-to-date
Jan. Jul. 2014
July 2013
June 2014
July 2014
Number of Sales
July 2014
21
Port C oquitla m $227,100
$371,000
$540,000
154
178
232
$242,250
$389,000
$562,569
208
203
302
$217,500
$403,500
$537,450
34
23
54
$227,403
$389,000
$545,000
38
43
48
$246,000
$423,000
$590,500
36
22
45
$336,000
$440,000
$786,000
154
99
148
$352,450
$420,000
$883,250
176
153
164
$331,000
n/a
$814,750
30
11
28
$309,500
$418,000
$910,500
24
26
36
$384,500
$460,000
$802,000
26
21 150
97
159
Richm ond $338,000
$500,400
$920,000
833
531
738
$350,000
$530,000
$999,000
879
610
1,007
$320,500
$492,827
$935,500
165
94
146
$372,000
$538,000
$1,027,000
141
113
166
$356,450
$532,860
$1,035,000
Port M oody/B elcarra 28
Squam ish $215,000
$367,500
$490,000
28
74
101
$216,000
$357,861
$536,750
58
89
166
n/a
n/a
n/a
6
8
14
n/a
$367,450
$467,500
6
20
31
n/a
n/a
$624,000
11
19
30
$294,000
$251,950
$380,000
30
24
282
$250,969
$239,900
$378,000
41
24
322
n/a
n/a
$385,931
5
4
56
n/a
n/a
$390,000
8
8
67
n/a
n/a
$380,000
3
0
55
Sunsh ine Co ast
7
y
Burnab
er New W estmin st
Vanco uver E ast $343,000
$622,000
$865,000
644
257
807
$345,000
$648,900
$957,000
876
316
1,070
$328,000
$616,822
$880,000
124
53
148
$340,450
$635,421
$998,000
145
50
177
$360,000
$639,000
$967,600
137
50
170
Vanco uver W est $475,000
$842,000
$2,130,000
2,258
377
944
$490,000
$862,633
$2,325,000
2,576
391
1,115
$488,500
$811,500
$2,305,000
384
58
130
$484,250
$915,500
$2,300,000
442
71
175
$490,000
$865,000
$2,380,000
383
68
143
$789,000
$1,161,000
$1,850,000
95
51
414
$775,000
$1,196,500
$2,100,000
105
46
489
n/a
n/a
$1,948,000
16
15
79
$709,000
n/a
$2,135,000
21
9
94
n/a
n/a
$1,997,000
17
5
69
15
30
20
$254,500
$491,000
$901,500
105
121
93
$238,500
$570,000
$1,168,000
140
159
88
n/a
n/a
$872,500
15
19
26
n/a
$557,500
n/a
16
24
16
n/a
$612,000
$773,750
Sound Wes t V a n couve r/Howe
MLS® SALES Facts
Whistl er/Pem berton n/a
6,784
3,002
6,806
n/a
7,869
3,416
8,449
n/a
1,210
487
1,249
n/a
1,308
636
1,462
n/a
1,212
527
1,322
% 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
39%
55%
47%
Apartment
854
Attached
Attached
1,420
Detached
Detached
54%
Apartment
2,032
59%
Apartment
47%
796
Attached
Attached
1,463
Detached
Detached
55%
Apartment
1,926
69%
Apartment
56%
Attached
106
Attached
Detached
218
Detached
302
66%
Apartment
Apartment
71%
139
Attached
56%
201
Detached
Attached
61%
Apartment
Detached
72%
Attached
290
54%
Detached
Apartment
252
110
Attached
Apartment
210
Detached
2014
Coquit lam 42%
48%
51%
1,016
570
1,329
46%
69%
61%
973
452
1,331
49%
67%
72%
138
69
165
44%
94%
80%
130
65
183
75%
82%
72%
112
55
167
Delta South 41%
38%
49%
179
92
564
58%
61%
60%
180
76
611
62%
46%
59%
21
13
80
32%
45%
96%
31
11
73
58%
50%
80%
31
10
79
Islands - Gulf n/a
0%
18%
0
1
101
n/a
0%
23%
0
2
107
n/a
n/a
14%
0
0
21
n/a
n/a
33%
0
0
21
n/a
n/a
24%
0
0
17
39%
46%
47%
407
483
1,430
50%
58%
56%
438
499
1,457
82%
51%
64%
38
76
196
67%
93%
67%
57
55
200
75%
85%
73%
36
53
217
Maple R id g e/Pitt M eadow s 47%
59%
51%
934
135
335
46%
56%
61%
1,037
109
347
57%
73%
68%
133
15
50
48%
56%
114%
162
16
42
53%
22%
70%
144
18
46
* Year-to-date listings represent a cumulative total of listings rather than total active listings.
Year-to-date*
Jan. Jul. 2013
Year-to-date*
Jan. Jul. 2014
July 2013
June 2014
July 2014
Number of Listings
July 2014
21
North Vanco uver 40%
52%
53%
1,072
400
1,318
42%
62%
63%
1,246
397
1,288
54%
61%
85%
142
44
137
59%
87%
76%
160
54
177
45%
77%
87%
165
48
129
Port C oquitla m 40%
53%
54%
384
337
430
42%
64%
75%
499
317
405
64%
55%
96%
53
42
56
68%
100%
96%
56
43
50
54%
39%
80%
67
56
56
Port M oody/B elcarra 47%
46%
44%
326
216
336
61%
77%
56%
288
198
293
97%
58%
74%
31
19
38
60%
81%
67%
40
32
54
76%
105%
72%
34
20
39
Richm ond 47%
53%
38%
1,758
994
1,959
43%
57%
49%
2,030
1,073
2,058
62%
58%
51%
265
162
285
52%
74%
58%
269
153
284
57%
57%
50%
261
171
315
Squam ish 28%
52%
35%
99
142
285
64%
65%
59%
90
137
282
86%
89%
38%
7
9
37
86%
154%
100%
7
13
31
138%
86%
79%
8
22
38
Sunsh ine Co ast 50%
29%
34%
60
82
823
40%
33%
37%
103
73
868
83%
50%
57%
6
8
99
23%
44%
54%
35
18
123
43%
0%
50%
7
19
111
48%
49%
49%
1,347
523
1,645
56%
63%
63%
1,572
503
1,691
74%
64%
63%
167
83
236
62%
72%
72%
233
69
245
72%
89%
67%
189
56
253
Vanco uver E ast
7
y
Burnab
er New W estmin st
Vanco uver W est 49%
49%
44%
4,582
773
2,125
52%
50%
49%
4,933
787
2,292
64%
52%
45%
598
111
289
60%
60%
53%
734
118
328
62%
59%
53%
613
116
268
Sound 42%
46%
35%
226
112
1,191
44%
49%
41%
240
93
1,197
42%
94%
58%
38
16
137
75%
69%
57%
28
13
166
50%
42%
44%
34
12
156
Wes t V a n couve r/Howe
MLS® LISTINGS Facts
47%
62%
43%
222
195
216
53%
65%
42%
265
244
210
42%
61%
84%
36
31
31
32%
71%
35%
50
34
46
47%
63%
80%
32
48
25
Whistl er/Pem berton n/a
14,644
5,909
15,507
n/a
15,820
5,756
15,900
n/a
1,975
804
2,075
n/a
2,282
833
2,224
n/a
1,985
814
2,126
Listing & Sales Activity Summary Listings
Sales
1 Jul 2013
2 Jun 2014
3 Jul 2014
5 Jul 2013
6 Jun 2014
7 Jul 2014
218 106 302
201 139 290
210 110 252
4.5 -20.9 -13.1
122 73 166
112 99 190
113 79 154
0.9 -20.2 -18.9
287 249 478
350 247 507
22.0 -0.8 6.1
165 69 138
183 65 130
167 55 112
-8.7 -15.4 -13.8
119 46 68
146 61 57
121 45 84
-17.1 -26.2 47.4
330 134 197
406 157 226
23.0 17.2 14.7
80 13 21
73 11 31
79 10 31
8.2 -9.1 0.0
47 6 13
70 5 10
63 5 18
-10.0 0.0 80.0
165 13 41
204 27 54
23.6 107.7 31.7
196 76 38
200 55 57
217 53 36
8.5 -3.6 -36.8
126 39 31
134 51 38
158 45 27
17.9 -11.8 -28.9
347 110 83
442 140 97
27.4 27.3 16.9
137 44 142
177 54 160
129 48 165
-27.1 -11.1 3.1
117 27 77
135 47 94
112 37 75
-17.0 -21.3 -20.2
335 98 211
392 127 259
17.0 29.6 22.7
50 15 133
42 16 162
46 18 144
9.5 12.5 -11.1
34 11 76
48 9 78
32 4 76
-33.3 -55.6 -2.6
96 34 201
108 25 220
12.5 -26.5 9.5
38 19 31
54 32 40
39 20 34
-27.8 -37.5 -15.0
28 11 30
36 26 24
28 21 26
-22.2 -19.2 8.3
80 48 72
93 74 86
16.3 54.2 19.4
56 42 53
50 43 56
56 56 67
12.0 30.2 19.6
54 23 34
48 43 38
45 22 36
-6.3 -48.8 -5.3
140 73 78
141 94 103
0.7 28.8 32.1
285 162 265
284 153 269
315 171 261
10.9 11.8 -3.0
146 94 165
166 113 141
159 97 150
-4.2 -14.2 6.4
388 271 429
485 306 439
25.0 12.9 2.3
99 8 6
123 18 35
111 19 7
-9.8 5.6 -80.0
56 4 5
67 8 8
55 0 3
-17.9 -100.0 -62.5
158 12 13
186 10 20
17.7 -16.7 53.8
37 9 7
31 13 7
38 22 8
22.6 69.2 14.3
14 8 6
31 20 6
30 19 11
-3.2 -5.0 83.3
49 34 15
88 53 26
79.6 55.9 73.3
236 83 167
245 69 233
253 56 189
3.3 -18.8 -18.9
148 53 124
177 50 145
170 50 137
-4.0 0.0 -5.5
448 143 344
519 147 430
15.8 2.8 25.0
289 111 598
328 118 734
268 116 613
-18.3 -1.7 -16.5
130 58 384
175 71 442
143 68 383
-18.3 -4.2 -13.3
462 191 1166
521 202 1231
12.8 5.8 5.6
31 31 36
46 34 50
25 48 32
-45.7 41.2 -36.0
26 19 15
16 24 16
20 30 15
25.0 25.0 -6.3
44 52 40
42 79 54
-4.5 51.9 35.0
137 16 38
166 13 28
156 12 34
-6.0 -7.7 21.4
79 15 16
94 9 21
69 5 17
-26.6 -44.4 -19.0
226 31 46
245 22 54
8.4 -29.0 17.4
2054 804 1975
2203 833 2282
2109 814 1985
-4.3 -2.3 -13.0
1246 487 1210
1455 636 1308
1318 527 1212
-9.4 -17.1 -7.3
3555 1493 3414
4222 1710 3806
18.8 14.5 11.5
BURNABY DETACHED ATTACHED APARTMENTS
Col. 2 & 3 Percentage Variance
%
Col. 6 & 7 Percentage Variance
9 May 2013 Jul 2013
10 May 2014 Jul 2014
%
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/PEMBERTON DETACHED ATTACHED APARTMENTS
WEST VANCOUVER/HOWE SOUND DETACHED ATTACHED APARTMENTS
GRAND TOTALS DETACHED ATTACHED APARTMENTS
0
200
400
600
800
1000
1200
1400
1600
DETACHED
CONDOMINIUM
ATTACHED
APARTMENTS
$466,845
$588,101
$1,193,751
NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.
1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
IN THOUSANDS ($)
Residential Average Sale Prices - January 1977 to July 2014
