REBGV Stats Package, March 2014
News Release FOR IMMEDIATE RELEASE:
Home sale and listing activity continue to chart a steady path for the region’s housing market VANCOUVER, B.C. – April 2, 2014 – March home sales in Greater Vancouver outpaced last year’s total yet lagged the region’s historical average for the month. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,641 on the Multiple Listing Service® (MLS®) in March 2014. This represents a 12.5 per cent increase compared to the 2,347 sales recorded in March 2013, and a 4.4 per cent increase compared to the 2,530 sales in February 2014. Last month’s sales were 17.2 per cent below the 10-year sales average for March of 3,190. The sales-to-active-listings ratio currently sits at 18.2 per cent in Greater Vancouver, which is unchanged from last month. “We continue to see steady and stable market conditions across the Greater Vancouver housing market,” said Ray Harris, REBGV president. “There has been a consistent balance between home seller supply and home buyer demand in our marketplace over the last year.” New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,281 in March. This represents a 9.1 per cent increase compared to the 4,839 new listings in March 2013 and a 12.4 per cent increase from the 4,700 new listings in February. Last month’s new listing count was 5.9 per cent below the region’s 10-year new listing average for the month. The total number of properties currently listed for sale on the Greater Vancouver MLS® is 14,472, a 6.4 per cent decline compared to March 2013 and a 7.9 per cent increase compared to February 2014. “Home prices in the region have experienced incremental gains in most areas and property types over the last 12 months,” Harris said. “It’s important to remember that this is a diverse marketplace and trends will vary depending on area and property type.” The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $615,200. This represents a 3.7 per cent increase compared to March 2013.
Sales of detached properties in March 2014 reached 1,116, an increase of 19.6 per cent from the 933 detached sales recorded in March 2013, and a 5.7 per cent decrease from the 1,183 units sold in March 2012. The benchmark price for detached properties increased 4.2 per cent from March 2013 to $945,400. Sales of apartment properties reached 1,106 in March 2014, an increase of 12.6 per cent compared to the 982 sales in March 2013, and a 7.1 per cent decline compared to the 1,191 sales in March 2012. The benchmark price of an apartment property increased 3.8 per cent from March 2013 to $375,800. Attached property sales in March 2014 totalled 419, a 3 per cent decline compared to the 432 sales in March 2013, and a 16.2 per cent decline from the 500 attached properties sold in March 2012. The benchmark price of an attached unit increased 1.3 per cent between March 2013 and 2014 to $460,100. -30The 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
March 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 %
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
$551,900 $615,200 $566,400 $577,500 $526,600 $577,400 $513,900 $538,900 $382,500 $370,500 $656,700 $395,400 $400,500 $525,000 $582,700 $384,300 $340,500 $601,200 $632,000 $836,100 $1,627,300 $423,500
155.8 161.3 122.8 159.4 157.3 162.8 152.0 149.9 129.3 159.0 148.6 143.2 142.2 145.0 169.2 124.1 119.3 151.5 184.9 176.2 174.7 100.9
0.9% 1.0% 1.7% 0.3% 1.3% 0.3% 0.3% 0.7% -0.5% 1.1% 1.4% 0.1% 0.0% 0.8% 1.4% 2.0% 0.8% 0.3% 1.6% 1.0% 2.0% -0.9%
2.0% 2.0% 1.2% 2.6% 2.1% 1.1% 1.7% 2.5% -0.5% 1.3% 1.4% -1.7% 0.0% 2.5% 2.2% -1.2% 0.0% 3.8% 2.2% 3.8% 0.9% -4.1%
1.8% 2.2% -1.8% 2.5% 0.9% 0.6% 3.3% 1.4% -1.4% 0.8% 1.0% 2.0% 2.2% 2.6% 2.4% -0.2% -0.7% 2.0% 4.2% 3.5% 3.2% -2.2%
3.0% 3.7% -1.0% 3.7% 3.1% 3.5% 4.0% 0.3% -0.8% 1.5% 2.8% 3.5% 2.7% 5.4% 3.5% -1.7% 0.1% 1.7% 5.7% 6.1% 5.9% -4.0%
4.8% 4.9% 0.1% 7.8% 5.9% 4.5% 5.4% 5.1% -1.6% 5.2% 7.3% 2.4% 0.1% 6.9% 0.6% 1.4% -4.9% 8.7% 12.8% 7.8% 18.3% -9.4%
21.5% 25.5% 1.1% 24.6% 22.8% 26.9% 21.7% 16.1% 4.5% 19.1% 23.6% 12.2% 10.5% 17.4% 28.9% -1.7% -2.9% 18.4% 36.1% 36.2% 46.6% -19.4%
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
$775,100 $945,400 $566,400 $761,100 $940,900 $985,400 $727,600 $627,800 $457,000 $669,900 $966,200 $497,700 $559,300 $875,400 $954,000 $499,000 $338,500 $738,400 $886,700 $2,176,300 $1,933,500 $898,000
164.7 174.7 122.8 170.2 181.6 188.9 161.2 151.5 129.9 166.2 154.2 138.9 149.4 162.2 192.1 134.8 118.6 159.0 195.8 223.6 184.1 124.3
1.2% 1.3% 1.7% 1.3% 1.5% 0.1% 0.9% 1.7% -0.3% 1.1% 1.8% -0.5% 0.6% 1.3% 2.0% 3.2% 0.7% 1.5% 1.3% 1.5% 1.7% 0.8%
2.1% 2.0% 1.2% 3.5% 3.1% 3.1% 1.6% 3.0% -0.5% 2.9% 1.8% -1.5% 0.0% 1.8% 1.5% 0.7% 0.0% 5.2% 2.2% 3.5% 0.7% -0.5%
2.2% 2.5% -1.8% 1.9% -0.1% 1.6% 3.1% 0.9% -1.0% 1.0% 1.3% -2.5% 2.0% 3.2% 2.1% 2.3% -0.7% 3.4% 4.3% 4.1% 4.5% 2.3%
4.0% 4.2% -1.0% 3.0% 4.7% 6.7% 3.5% -0.8% -0.3% 2.0% 3.2% 0.7% 3.2% 8.5% 1.7% 1.0% -0.1% 3.1% 7.7% 7.4% 6.8% 0.2%
8.4% 8.1% 0.1% 13.8% 15.5% 13.5% 10.5% 6.9% 0.8% 5.2% 11.2% 0.1% 5.1% 12.0% -5.2% 11.1% -5.6% 13.2% 17.5% 13.7% 20.2% 11.7%
30.9% 37.6% 1.1% 36.6% 40.4% 51.0% 29.8% 18.5% 7.8% 32.0% 30.2% 12.6% 21.1% 29.0% 42.8% 12.1% -3.5% 27.1% 49.4% 64.2% 55.4% 4.8%
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. 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
March 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
$391,200 $460,100 $419,900 $402,800 $409,100 $384,700 $462,400 $269,100 $400,900 $595,400 $331,400 $365,100 $404,800 $514,700 $324,900 $463,100 $504,400 $700,300 $429,500
142.0 149.3 150.6 150.2 146.8 141.3 153.2 130.7 150.6 142.5 143.4 139.0 136.8 166.4 117.9 143.2 166.3 158.4 115.7
0.0% 0.4% -0.1% 0.5% 0.8% 1.4% -0.2% -1.0% 1.3% 1.1% 2.4% -1.6% 1.0% 1.3% -2.2% -0.4% 1.1% 0.4% -3.2%
1.0% 0.9% 0.9% 1.3% 0.3% 1.0% 3.8% 3.4% 1.6% 3.2% 2.6% -1.9% 0.2% 3.3% -3.4% 3.8% -2.6% 0.5% -4.5%
0.3% 0.4% 0.6% 0.5% -0.7% 1.9% 5.8% -1.9% 1.8% 2.8% 4.9% -0.4% 1.1% 3.4% -2.6% 5.2% -3.7% -0.5% -5.2%
0.6% 1.3% 3.8% 0.7% -0.6% 0.9% 6.2% -1.3% 4.4% 1.9% 2.6% -0.9% 0.5% 5.5% -0.7% 4.5% -0.5% -0.4% 0.2%
-1.0% -0.4% 0.8% -2.3% -2.4% 2.0% 2.7% -4.7% 2.7% 4.7% -2.6% -2.0% -3.0% 3.7% -5.8% -7.1% 1.3% 3.3% -5.4%
11.7% 16.5% 16.6% 17.6% 15.3% 13.2% 19.4% 1.6% 18.0% 17.7% 9.5% 7.8% 9.1% 27.3% -8.0% 11.6% 22.2% 26.3% -5.2%
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
$341,200 $375,800 $404,700 $341,400 $380,800 $255,400 $294,700 $171,700 $275,700 $350,500 $249,600 $228,200 $329,300 $351,400 $208,100 $309,300 $318,700 $490,600 $602,800 $181,800
149.7 151.9 153.6 144.3 152.9 140.6 139.7 125.2 157.6 142.3 147.5 135.3 137.2 149.0 100.1 130.1 175.8 158.8 131.7 65.3
0.7% 0.7% -0.8% 1.3% 0.2% -1.7% -2.4% -0.8% 1.1% 0.9% -0.8% 0.8% -0.3% 0.3% 2.0% -3.5% 2.1% 0.8% 3.1% 2.8%
2.0% 2.2% 2.6% 1.5% -0.2% 1.9% -0.4% -6.2% 0.7% 0.4% -4.9% 2.3% 5.0% 2.2% -6.0% -1.1% 3.2% 4.0% 2.5% -5.4%
1.5% 2.5% 8.1% 2.0% 0.2% 3.5% -1.8% -2.4% 0.6% 0.0% 5.1% 5.0% 2.8% 2.1% -7.9% -3.1% 6.2% 3.3% -5.3% -1.1%
2.5% 3.8% 7.9% 2.8% 2.1% 5.4% -2.2% -1.9% 1.1% 2.2% 7.0% 5.4% 5.4% 3.9% -13.9% -3.9% 4.5% 5.7% -1.6% -14.2%
1.8% 2.6% 9.3% 2.1% -0.5% -2.8% 1.0% -6.8% 5.3% 2.2% 11.5% -4.7% 9.3% 4.0% -16.5% -1.8% 9.5% 4.0% 4.3% -3.3%
13.7% 16.8% 12.4% 13.5% 17.0% 11.7% 3.3% -4.6% 15.5% 16.7% 12.3% 0.1% 14.3% 15.6% -26.5% -3.8% 23.3% 24.2% 8.2% -50.9%
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
Mar 2014 Jan 2014 Nov 2013 Sep 2013 Jul 2013 May 2013 Mar 2013 Apartment
Jan 2013 Nov 2012 Sep 2012 Jul 2012
Townhouse
Mar 2012 Jan 2012 Nov 2011 Sep 2011
Detached
Jul 2011 May 2011 Mar 2011 Jan 2011
Residential
Nov 2010 Sep 2010 Jul 2010 May 2010 Mar 2010 Jan 2010 Nov 2009 Sep 2009 Jul 2009 May 2009 60
80
100
120 Price Index
140
160
180
Mar 2009 200
Jan 2005 HPI = 100
C:\DATA\MonthEnd\Hpi\export\hi_res\gv-hpi2.tif
Greater Vancouver 5 Year Trend
May 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
$935,000
$457,500
$365,000
Attached
Apartment
150
Attached
Detached
182
Detached
317
$374,000
Apartment
Apartment
$510,000
Attached
147
Attached
$995,000
229
Detached
Detached
$373,000
Apartment
375
$453,000
Attached
Apartment
$936,500
65
Attached
Detached
76
Detached
136
$369,000
Apartment
Apartment
$501,500
47
Attached
$1,025,000
79
Detached
Attached
$378,000
Apartment
Detached
$526,750
Attached
131
$992,500
Detached
Apartment
138
59
Attached
Apartment
89
Detached
Coquit lam $276,000
$420,500
$735,442
154
98
228
$292,900
$472,500
$732,250
161
112
252
$267,000
$420,025
$735,883
67
39
103
$323,661
$469,900
$697,500
54
53
83
$281,500
$510,750
$769,214
62
36
98
Delta South $360,000
n/a
$647,000
24
16
76
$321,500
n/a
$668,000
34
8
103
n/a
n/a
$638,500
13
7
34
n/a
n/a
$668,000
9
4
39
n/a
n/a
$637,500
15
4
35
Islands - Gulf n/a
n/a
n/a
0
0
5
n/a
n/a
n/a
0
0
6
n/a
n/a
n/a
0
0
3
n/a
n/a
n/a
0
0
3
n/a
n/a
n/a
0
0
0
$215,000
$296,500
$465,500
51
67
212
$222,000
$305,450
$475,000
91
95
261
n/a
$314,950
$462,000
19
32
91
$237,034
$300,000
$482,500
30
43
91
$208,000
$314,950
$465,000
36
36 62
7
21
$283,500
$415,900
$687,950
156
31
50
$308,000
$427,000
$694,750
176
25
62
$291,000
n/a
$700,000
54
14
23
$289,800
n/a
$711,786
67
8
24
$320,555
n/a
$650,000
Maple R id g e/Pitt M eadow s 113
$370,000
$639,900
$930,000
152
74
241
$371,000
$662,000
$1,070,000
190
81
282
$370,000
$650,000
$936,000
62
31
113
$393,500
$660,000
$1,063,000
73
37
95
$360,858
$705,000
$1,059,000
69
25
134
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. Mar. 2013
Year-to-date
Jan. Mar. 2014
March 2013
February 2014
March 2014
Number of Sales
March 2014
2014
Port C oquitla m $227,750
$354,900
$545,000
52
67
59
$245,714
$378,500
$557,000
77
76
101
$277,000
$351,000
$558,000
23
32
21
$245,000
$386,000
$542,000
27
36
39
$237,198
$378,500
$555,500
36
25
40
$326,500
$425,000
$785,000
58
35
39
$332,500
$414,900
$938,000
56
51
43
$336,000
n/a
n/a
23
18
17
$346,450
$410,000
$943,000
20
21
20
n/a
$440,000
n/a
19
20
116
79
144
$338,993
$518,000
$956,500
119
75
135
Richm ond $340,000
$496,000
$885,000
256
167
241
$342,829
$525,000
$1,030,000
324
215
393
$350,000
$481,000
$900,000
117
74
89
$341,415
$525,000
$1,149,000
Port M oody/B elcarra 14
n/a
$402,780
$560,000
8
21
30
$238,500
$327,480
$537,250
23
26
54
n/a
n/a
n/a
4
10
11
n/a
n/a
n/a
6
5
16
n/a
n/a
$560,000
7
14
24
Squam ish
21
n/a
n/a
$370,000
10
9
86
n/a
n/a
$360,750
17
13
84
n/a
n/a
$384,500
7
4
37
n/a
n/a
$325,000
7
4
23
n/a
n/a
$370,000
5
5
33
Sunsh ine Co ast
3
y
Burnab
er New W estmin st
Vanco uver E ast $349,000
$613,000
$848,500
223
77
227
$325,000
$656,000
$938,000
331
114
370
$341,000
$629,900
$868,000
99
29
94
$315,500
$675,000
$961,500
135
46
130
$345,000
$635,000
$936,500
134
39
160
Vanco uver W est $477,500
$873,500
$2,100,000
777
125
338
$496,150
$835,000
$2,416,500
941
124
436
$496,000
$887,500
$2,020,000
324
58
151
$510,125
$810,000
$2,517,000
324
47
172
$498,950
$848,077
$2,375,000
373
48
147
$797,500
n/a
$1,800,000
33
10
127
$830,000
n/a
$2,125,000
35
17
168
n/a
n/a
$1,780,000
15
4
58
n/a
n/a
$2,580,000
12
9
63
n/a
n/a
$1,999,000
11
5
61
n/a
20
21
12
$217,000
$522,500
$1,061,500
47
51
38
$134,000
$630,000
$1,345,000
60
60
32
n/a
n/a
n/a
19
15
12
$208,000
$675,000
n/a
21
27
11
$137,500
$745,000
Sound Wes t V a n couve r/Howe
MLS® SALES Facts
Whistl er/Pem berton n/a
2,318
998
2,179
n/a
2,891
1,164
2,876
n/a
982
432
933
n/a
1,032
466
1,032
n/a
1,106
419
1,116
% 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
33%
43%
38%
Attached
Apartment
350
Attached
Detached
559
Detached
827
48%
Apartment
Apartment
50%
Attached
292
Attached
41%
563
Detached
Detached
43%
Apartment
786
44%
Apartment
43%
Attached
148
Attached
Detached
178
Detached
313
57%
Apartment
Apartment
57%
82
Attached
50%
157
Detached
Attached
46%
Apartment
Detached
55%
Attached
230
46%
Detached
Apartment
301
107
Attached
Apartment
194
Detached
Coquit lam 33%
40%
41%
470
248
553
37%
59%
46%
433
190
542
56%
43%
51%
120
91
203
46%
90%
56%
118
59
147
48%
49%
43%
129
74
229
Delta South 31%
42%
32%
78
38
240
48%
25%
39%
71
32
264
54%
50%
44%
24
14
78
50%
50%
48%
18
8
81
71%
27%
40%
21
15
88
Islands - Gulf n/a
n/a
14%
0
0
35
n/a
0%
25%
0
1
24
n/a
n/a
23%
0
0
13
n/a
n/a
75%
0
0
4
n/a
0%
0%
0
1
13
35%
36%
35%
147
185
614
48%
43%
45%
191
221
574
46%
51%
49%
41
63
185
45%
81%
51%
66
53
179
67%
49%
49%
54
73
231
Maple R id g e/Pitt M eadow s 41%
54%
39%
379
57
129
42%
51%
45%
424
49
139
46%
67%
47%
118
21
49
47%
50%
55%
142
16
44
44%
33%
38%
142
21
56
* Year-to-date listings represent a cumulative total of listings rather than total active listings.
Year-to-date*
Jan. Mar. 2013
Year-to-date*
Jan. Mar. 2014
March 2013
February 2014
March 2014
Number of Listings
March 2014
2014
North Vanco uver 35%
50%
45%
436
148
537
36%
49%
54%
525
166
526
42%
70%
60%
148
44
188
43%
64%
51%
168
58
186
43%
47%
71%
161
53
189
Port C oquitla m 32%
49%
32%
163
138
182
34%
66%
60%
227
116
167
48%
68%
31%
48
47
68
39%
75%
80%
70
48
49
46%
71%
62%
79
35
65
Port M oody/B elcarra 45%
37%
28%
130
94
138
44%
62%
41%
128
82
106
53%
58%
40%
43
31
43
50%
84%
63%
40
25
32
40%
61%
32%
48
33
44
Richm ond 35%
42%
29%
736
400
825
39%
51%
47%
828
421
841
50%
59%
40%
234
126
225
43%
56%
59%
268
141
243
42%
56%
53%
282
134
254
Squam ish 18%
29%
25%
45
73
118
59%
41%
41%
39
64
131
36%
37%
34%
11
27
32
67%
21%
47%
9
24
34
64%
56%
60%
11
25
40
38%
24%
27%
26
37
316
49%
59%
24%
35
22
348
70%
33%
26%
10
12
143
44%
100%
21%
16
4
112
45%
56%
26%
11
9
129
Sunsh ine Co ast
21
41%
40%
37%
546
194
614
51%
52%
57%
652
220
654
51%
51%
45%
196
57
208
65%
63%
57%
208
73
227
60%
58%
65%
222
67
245
Vanco uver E ast
3
y
Burnab
er New W estmin st
Vanco uver W est 40%
42%
37%
1,944
296
922
46%
41%
44%
2,051
305
987
53%
71%
55%
616
82
275
53%
53%
61%
611
89
280
52%
46%
49%
719
104
300
Sound 36%
21%
27%
91
48
470
37%
47%
35%
95
36
479
58%
27%
41%
26
15
141
40%
90%
43%
30
10
148
42%
36%
43%
26
14
141
Wes t V a n couve r/Howe
MLS® LISTINGS Facts
57%
71%
54%
82
72
70
50%
66%
48%
121
91
67
73%
56%
39%
26
27
31
51%
90%
50%
41
30
22
51%
70%
52%
39
30
23
Whistl er/Pem berton n/a
6,100
2,378
6,322
n/a
6,606
2,308
6,412
n/a
1,974
805
2,060
n/a
2,035
720
1,945
n/a
2,245
795
2,241
Listing & Sales Activity Summary Listings
Sales
1 Mar 2013
2 Feb 2014
3 Mar 2014
5 Mar 2013
6 Feb 2014
7 Mar 2014
178 148 313
157 82 230
194 107 301
23.6 30.5 30.9
76 65 136
79 47 131
89 59 138
12.7 25.5 5.3
182 150 317
229 147 375
25.8 -2.0 18.3
203 91 120
147 59 118
229 74 129
55.8 25.4 9.3
103 39 67
83 53 54
98 36 62
18.1 -32.1 14.8
228 98 154
252 112 161
10.5 14.3 4.5
78 14 24
81 8 18
88 15 21
8.6 87.5 16.7
34 7 13
39 4 9
35 4 15
-10.3 0.0 66.7
76 16 24
103 8 34
35.5 -50.0 41.7
185 63 41
179 53 66
231 73 54
29.1 37.7 -18.2
91 32 19
91 43 30
113 36 36
24.2 -16.3 20.0
212 67 51
261 95 91
23.1 41.8 78.4
188 44 148
186 58 168
189 53 161
1.6 -8.6 -4.2
113 31 62
95 37 73
134 25 69
41.1 -32.4 -5.5
241 74 152
282 81 190
17.0 9.5 25.0
49 21 118
44 16 142
56 21 142
27.3 31.3 0.0
23 14 54
24 8 67
21 7 62
-12.5 -12.5 -7.5
50 31 156
62 25 176
24.0 -19.4 12.8
43 31 43
32 25 40
44 33 48
37.5 32.0 20.0
17 18 23
20 21 20
14 20 19
-30.0 -4.8 -5.0
39 35 58
43 51 56
10.3 45.7 -3.4
68 47 48
49 48 70
65 35 79
32.7 -27.1 12.9
21 32 23
39 36 27
40 25 36
2.6 -30.6 33.3
59 67 52
101 76 77
71.2 13.4 48.1
225 126 234
243 141 268
254 134 282
4.5 -5.0 5.2
89 74 117
144 79 116
135 75 119
-6.3 -5.1 2.6
241 167 256
393 215 324
63.1 28.7 26.6
143 12 10
112 4 16
129 9 11
15.2 125.0 -31.3
37 4 7
23 4 7
33 5 5
43.5 25.0 -28.6
86 9 10
84 13 17
-2.3 44.4 70.0
32 27 11
34 24 9
40 25 11
17.6 4.2 22.2
11 10 4
16 5 6
24 14 7
50.0 180.0 16.7
30 21 8
54 26 23
80.0 23.8 187.5
208 57 196
227 73 208
245 67 222
7.9 -8.2 6.7
94 29 99
130 46 135
160 39 134
23.1 -15.2 -0.7
227 77 223
370 114 331
63.0 48.1 48.4
275 82 616
280 89 611
300 104 719
7.1 16.9 17.7
151 58 324
172 47 324
147 48 373
-14.5 2.1 15.1
338 125 777
436 124 941
29.0 -0.8 21.1
31 27 26
22 30 41
23 30 39
4.5 0.0 -4.9
12 15 19
11 27 21
12 21 20
9.1 -22.2 -4.8
38 51 47
32 60 60
-15.8 17.6 27.7
141 15 26
148 10 30
141 14 26
-4.7 40.0 -13.3
58 4 15
63 9 12
61 5 11
-3.2 -44.4 -8.3
127 10 33
168 17 35
32.3 70.0 6.1
2047 805 1974
1941 720 2035
2228 794 2245
14.8 10.3 10.3
930 432 982
1029 466 1032
1116 419 1106
8.5 -10.1 7.2
2174 998 2318
2870 1164 2891
32.0 16.6 24.7
BURNABY DETACHED ATTACHED APARTMENTS
Col. 2 & 3 Percentage Variance
%
Col. 6 & 7 Percentage Variance
9 Jan 2013 Mar 2013
10 Jan 2014 Mar 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
$469,489
$597,195
$1,209,542
NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.
1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
IN THOUSANDS ($)
Residential Average Sale Prices - January 1977 to March 2014
Home sale and listing activity continue to chart a steady path for the region’s housing market VANCOUVER, B.C. – April 2, 2014 – March home sales in Greater Vancouver outpaced last year’s total yet lagged the region’s historical average for the month. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,641 on the Multiple Listing Service® (MLS®) in March 2014. This represents a 12.5 per cent increase compared to the 2,347 sales recorded in March 2013, and a 4.4 per cent increase compared to the 2,530 sales in February 2014. Last month’s sales were 17.2 per cent below the 10-year sales average for March of 3,190. The sales-to-active-listings ratio currently sits at 18.2 per cent in Greater Vancouver, which is unchanged from last month. “We continue to see steady and stable market conditions across the Greater Vancouver housing market,” said Ray Harris, REBGV president. “There has been a consistent balance between home seller supply and home buyer demand in our marketplace over the last year.” New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,281 in March. This represents a 9.1 per cent increase compared to the 4,839 new listings in March 2013 and a 12.4 per cent increase from the 4,700 new listings in February. Last month’s new listing count was 5.9 per cent below the region’s 10-year new listing average for the month. The total number of properties currently listed for sale on the Greater Vancouver MLS® is 14,472, a 6.4 per cent decline compared to March 2013 and a 7.9 per cent increase compared to February 2014. “Home prices in the region have experienced incremental gains in most areas and property types over the last 12 months,” Harris said. “It’s important to remember that this is a diverse marketplace and trends will vary depending on area and property type.” The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $615,200. This represents a 3.7 per cent increase compared to March 2013.
Sales of detached properties in March 2014 reached 1,116, an increase of 19.6 per cent from the 933 detached sales recorded in March 2013, and a 5.7 per cent decrease from the 1,183 units sold in March 2012. The benchmark price for detached properties increased 4.2 per cent from March 2013 to $945,400. Sales of apartment properties reached 1,106 in March 2014, an increase of 12.6 per cent compared to the 982 sales in March 2013, and a 7.1 per cent decline compared to the 1,191 sales in March 2012. The benchmark price of an apartment property increased 3.8 per cent from March 2013 to $375,800. Attached property sales in March 2014 totalled 419, a 3 per cent decline compared to the 432 sales in March 2013, and a 16.2 per cent decline from the 500 attached properties sold in March 2012. The benchmark price of an attached unit increased 1.3 per cent between March 2013 and 2014 to $460,100. -30The 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
March 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 %
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
$551,900 $615,200 $566,400 $577,500 $526,600 $577,400 $513,900 $538,900 $382,500 $370,500 $656,700 $395,400 $400,500 $525,000 $582,700 $384,300 $340,500 $601,200 $632,000 $836,100 $1,627,300 $423,500
155.8 161.3 122.8 159.4 157.3 162.8 152.0 149.9 129.3 159.0 148.6 143.2 142.2 145.0 169.2 124.1 119.3 151.5 184.9 176.2 174.7 100.9
0.9% 1.0% 1.7% 0.3% 1.3% 0.3% 0.3% 0.7% -0.5% 1.1% 1.4% 0.1% 0.0% 0.8% 1.4% 2.0% 0.8% 0.3% 1.6% 1.0% 2.0% -0.9%
2.0% 2.0% 1.2% 2.6% 2.1% 1.1% 1.7% 2.5% -0.5% 1.3% 1.4% -1.7% 0.0% 2.5% 2.2% -1.2% 0.0% 3.8% 2.2% 3.8% 0.9% -4.1%
1.8% 2.2% -1.8% 2.5% 0.9% 0.6% 3.3% 1.4% -1.4% 0.8% 1.0% 2.0% 2.2% 2.6% 2.4% -0.2% -0.7% 2.0% 4.2% 3.5% 3.2% -2.2%
3.0% 3.7% -1.0% 3.7% 3.1% 3.5% 4.0% 0.3% -0.8% 1.5% 2.8% 3.5% 2.7% 5.4% 3.5% -1.7% 0.1% 1.7% 5.7% 6.1% 5.9% -4.0%
4.8% 4.9% 0.1% 7.8% 5.9% 4.5% 5.4% 5.1% -1.6% 5.2% 7.3% 2.4% 0.1% 6.9% 0.6% 1.4% -4.9% 8.7% 12.8% 7.8% 18.3% -9.4%
21.5% 25.5% 1.1% 24.6% 22.8% 26.9% 21.7% 16.1% 4.5% 19.1% 23.6% 12.2% 10.5% 17.4% 28.9% -1.7% -2.9% 18.4% 36.1% 36.2% 46.6% -19.4%
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
$775,100 $945,400 $566,400 $761,100 $940,900 $985,400 $727,600 $627,800 $457,000 $669,900 $966,200 $497,700 $559,300 $875,400 $954,000 $499,000 $338,500 $738,400 $886,700 $2,176,300 $1,933,500 $898,000
164.7 174.7 122.8 170.2 181.6 188.9 161.2 151.5 129.9 166.2 154.2 138.9 149.4 162.2 192.1 134.8 118.6 159.0 195.8 223.6 184.1 124.3
1.2% 1.3% 1.7% 1.3% 1.5% 0.1% 0.9% 1.7% -0.3% 1.1% 1.8% -0.5% 0.6% 1.3% 2.0% 3.2% 0.7% 1.5% 1.3% 1.5% 1.7% 0.8%
2.1% 2.0% 1.2% 3.5% 3.1% 3.1% 1.6% 3.0% -0.5% 2.9% 1.8% -1.5% 0.0% 1.8% 1.5% 0.7% 0.0% 5.2% 2.2% 3.5% 0.7% -0.5%
2.2% 2.5% -1.8% 1.9% -0.1% 1.6% 3.1% 0.9% -1.0% 1.0% 1.3% -2.5% 2.0% 3.2% 2.1% 2.3% -0.7% 3.4% 4.3% 4.1% 4.5% 2.3%
4.0% 4.2% -1.0% 3.0% 4.7% 6.7% 3.5% -0.8% -0.3% 2.0% 3.2% 0.7% 3.2% 8.5% 1.7% 1.0% -0.1% 3.1% 7.7% 7.4% 6.8% 0.2%
8.4% 8.1% 0.1% 13.8% 15.5% 13.5% 10.5% 6.9% 0.8% 5.2% 11.2% 0.1% 5.1% 12.0% -5.2% 11.1% -5.6% 13.2% 17.5% 13.7% 20.2% 11.7%
30.9% 37.6% 1.1% 36.6% 40.4% 51.0% 29.8% 18.5% 7.8% 32.0% 30.2% 12.6% 21.1% 29.0% 42.8% 12.1% -3.5% 27.1% 49.4% 64.2% 55.4% 4.8%
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. 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
March 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
$391,200 $460,100 $419,900 $402,800 $409,100 $384,700 $462,400 $269,100 $400,900 $595,400 $331,400 $365,100 $404,800 $514,700 $324,900 $463,100 $504,400 $700,300 $429,500
142.0 149.3 150.6 150.2 146.8 141.3 153.2 130.7 150.6 142.5 143.4 139.0 136.8 166.4 117.9 143.2 166.3 158.4 115.7
0.0% 0.4% -0.1% 0.5% 0.8% 1.4% -0.2% -1.0% 1.3% 1.1% 2.4% -1.6% 1.0% 1.3% -2.2% -0.4% 1.1% 0.4% -3.2%
1.0% 0.9% 0.9% 1.3% 0.3% 1.0% 3.8% 3.4% 1.6% 3.2% 2.6% -1.9% 0.2% 3.3% -3.4% 3.8% -2.6% 0.5% -4.5%
0.3% 0.4% 0.6% 0.5% -0.7% 1.9% 5.8% -1.9% 1.8% 2.8% 4.9% -0.4% 1.1% 3.4% -2.6% 5.2% -3.7% -0.5% -5.2%
0.6% 1.3% 3.8% 0.7% -0.6% 0.9% 6.2% -1.3% 4.4% 1.9% 2.6% -0.9% 0.5% 5.5% -0.7% 4.5% -0.5% -0.4% 0.2%
-1.0% -0.4% 0.8% -2.3% -2.4% 2.0% 2.7% -4.7% 2.7% 4.7% -2.6% -2.0% -3.0% 3.7% -5.8% -7.1% 1.3% 3.3% -5.4%
11.7% 16.5% 16.6% 17.6% 15.3% 13.2% 19.4% 1.6% 18.0% 17.7% 9.5% 7.8% 9.1% 27.3% -8.0% 11.6% 22.2% 26.3% -5.2%
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
$341,200 $375,800 $404,700 $341,400 $380,800 $255,400 $294,700 $171,700 $275,700 $350,500 $249,600 $228,200 $329,300 $351,400 $208,100 $309,300 $318,700 $490,600 $602,800 $181,800
149.7 151.9 153.6 144.3 152.9 140.6 139.7 125.2 157.6 142.3 147.5 135.3 137.2 149.0 100.1 130.1 175.8 158.8 131.7 65.3
0.7% 0.7% -0.8% 1.3% 0.2% -1.7% -2.4% -0.8% 1.1% 0.9% -0.8% 0.8% -0.3% 0.3% 2.0% -3.5% 2.1% 0.8% 3.1% 2.8%
2.0% 2.2% 2.6% 1.5% -0.2% 1.9% -0.4% -6.2% 0.7% 0.4% -4.9% 2.3% 5.0% 2.2% -6.0% -1.1% 3.2% 4.0% 2.5% -5.4%
1.5% 2.5% 8.1% 2.0% 0.2% 3.5% -1.8% -2.4% 0.6% 0.0% 5.1% 5.0% 2.8% 2.1% -7.9% -3.1% 6.2% 3.3% -5.3% -1.1%
2.5% 3.8% 7.9% 2.8% 2.1% 5.4% -2.2% -1.9% 1.1% 2.2% 7.0% 5.4% 5.4% 3.9% -13.9% -3.9% 4.5% 5.7% -1.6% -14.2%
1.8% 2.6% 9.3% 2.1% -0.5% -2.8% 1.0% -6.8% 5.3% 2.2% 11.5% -4.7% 9.3% 4.0% -16.5% -1.8% 9.5% 4.0% 4.3% -3.3%
13.7% 16.8% 12.4% 13.5% 17.0% 11.7% 3.3% -4.6% 15.5% 16.7% 12.3% 0.1% 14.3% 15.6% -26.5% -3.8% 23.3% 24.2% 8.2% -50.9%
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
Mar 2014 Jan 2014 Nov 2013 Sep 2013 Jul 2013 May 2013 Mar 2013 Apartment
Jan 2013 Nov 2012 Sep 2012 Jul 2012
Townhouse
Mar 2012 Jan 2012 Nov 2011 Sep 2011
Detached
Jul 2011 May 2011 Mar 2011 Jan 2011
Residential
Nov 2010 Sep 2010 Jul 2010 May 2010 Mar 2010 Jan 2010 Nov 2009 Sep 2009 Jul 2009 May 2009 60
80
100
120 Price Index
140
160
180
Mar 2009 200
Jan 2005 HPI = 100
C:\DATA\MonthEnd\Hpi\export\hi_res\gv-hpi2.tif
Greater Vancouver 5 Year Trend
May 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
$935,000
$457,500
$365,000
Attached
Apartment
150
Attached
Detached
182
Detached
317
$374,000
Apartment
Apartment
$510,000
Attached
147
Attached
$995,000
229
Detached
Detached
$373,000
Apartment
375
$453,000
Attached
Apartment
$936,500
65
Attached
Detached
76
Detached
136
$369,000
Apartment
Apartment
$501,500
47
Attached
$1,025,000
79
Detached
Attached
$378,000
Apartment
Detached
$526,750
Attached
131
$992,500
Detached
Apartment
138
59
Attached
Apartment
89
Detached
Coquit lam $276,000
$420,500
$735,442
154
98
228
$292,900
$472,500
$732,250
161
112
252
$267,000
$420,025
$735,883
67
39
103
$323,661
$469,900
$697,500
54
53
83
$281,500
$510,750
$769,214
62
36
98
Delta South $360,000
n/a
$647,000
24
16
76
$321,500
n/a
$668,000
34
8
103
n/a
n/a
$638,500
13
7
34
n/a
n/a
$668,000
9
4
39
n/a
n/a
$637,500
15
4
35
Islands - Gulf n/a
n/a
n/a
0
0
5
n/a
n/a
n/a
0
0
6
n/a
n/a
n/a
0
0
3
n/a
n/a
n/a
0
0
3
n/a
n/a
n/a
0
0
0
$215,000
$296,500
$465,500
51
67
212
$222,000
$305,450
$475,000
91
95
261
n/a
$314,950
$462,000
19
32
91
$237,034
$300,000
$482,500
30
43
91
$208,000
$314,950
$465,000
36
36 62
7
21
$283,500
$415,900
$687,950
156
31
50
$308,000
$427,000
$694,750
176
25
62
$291,000
n/a
$700,000
54
14
23
$289,800
n/a
$711,786
67
8
24
$320,555
n/a
$650,000
Maple R id g e/Pitt M eadow s 113
$370,000
$639,900
$930,000
152
74
241
$371,000
$662,000
$1,070,000
190
81
282
$370,000
$650,000
$936,000
62
31
113
$393,500
$660,000
$1,063,000
73
37
95
$360,858
$705,000
$1,059,000
69
25
134
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. Mar. 2013
Year-to-date
Jan. Mar. 2014
March 2013
February 2014
March 2014
Number of Sales
March 2014
2014
Port C oquitla m $227,750
$354,900
$545,000
52
67
59
$245,714
$378,500
$557,000
77
76
101
$277,000
$351,000
$558,000
23
32
21
$245,000
$386,000
$542,000
27
36
39
$237,198
$378,500
$555,500
36
25
40
$326,500
$425,000
$785,000
58
35
39
$332,500
$414,900
$938,000
56
51
43
$336,000
n/a
n/a
23
18
17
$346,450
$410,000
$943,000
20
21
20
n/a
$440,000
n/a
19
20
116
79
144
$338,993
$518,000
$956,500
119
75
135
Richm ond $340,000
$496,000
$885,000
256
167
241
$342,829
$525,000
$1,030,000
324
215
393
$350,000
$481,000
$900,000
117
74
89
$341,415
$525,000
$1,149,000
Port M oody/B elcarra 14
n/a
$402,780
$560,000
8
21
30
$238,500
$327,480
$537,250
23
26
54
n/a
n/a
n/a
4
10
11
n/a
n/a
n/a
6
5
16
n/a
n/a
$560,000
7
14
24
Squam ish
21
n/a
n/a
$370,000
10
9
86
n/a
n/a
$360,750
17
13
84
n/a
n/a
$384,500
7
4
37
n/a
n/a
$325,000
7
4
23
n/a
n/a
$370,000
5
5
33
Sunsh ine Co ast
3
y
Burnab
er New W estmin st
Vanco uver E ast $349,000
$613,000
$848,500
223
77
227
$325,000
$656,000
$938,000
331
114
370
$341,000
$629,900
$868,000
99
29
94
$315,500
$675,000
$961,500
135
46
130
$345,000
$635,000
$936,500
134
39
160
Vanco uver W est $477,500
$873,500
$2,100,000
777
125
338
$496,150
$835,000
$2,416,500
941
124
436
$496,000
$887,500
$2,020,000
324
58
151
$510,125
$810,000
$2,517,000
324
47
172
$498,950
$848,077
$2,375,000
373
48
147
$797,500
n/a
$1,800,000
33
10
127
$830,000
n/a
$2,125,000
35
17
168
n/a
n/a
$1,780,000
15
4
58
n/a
n/a
$2,580,000
12
9
63
n/a
n/a
$1,999,000
11
5
61
n/a
20
21
12
$217,000
$522,500
$1,061,500
47
51
38
$134,000
$630,000
$1,345,000
60
60
32
n/a
n/a
n/a
19
15
12
$208,000
$675,000
n/a
21
27
11
$137,500
$745,000
Sound Wes t V a n couve r/Howe
MLS® SALES Facts
Whistl er/Pem berton n/a
2,318
998
2,179
n/a
2,891
1,164
2,876
n/a
982
432
933
n/a
1,032
466
1,032
n/a
1,106
419
1,116
% 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
33%
43%
38%
Attached
Apartment
350
Attached
Detached
559
Detached
827
48%
Apartment
Apartment
50%
Attached
292
Attached
41%
563
Detached
Detached
43%
Apartment
786
44%
Apartment
43%
Attached
148
Attached
Detached
178
Detached
313
57%
Apartment
Apartment
57%
82
Attached
50%
157
Detached
Attached
46%
Apartment
Detached
55%
Attached
230
46%
Detached
Apartment
301
107
Attached
Apartment
194
Detached
Coquit lam 33%
40%
41%
470
248
553
37%
59%
46%
433
190
542
56%
43%
51%
120
91
203
46%
90%
56%
118
59
147
48%
49%
43%
129
74
229
Delta South 31%
42%
32%
78
38
240
48%
25%
39%
71
32
264
54%
50%
44%
24
14
78
50%
50%
48%
18
8
81
71%
27%
40%
21
15
88
Islands - Gulf n/a
n/a
14%
0
0
35
n/a
0%
25%
0
1
24
n/a
n/a
23%
0
0
13
n/a
n/a
75%
0
0
4
n/a
0%
0%
0
1
13
35%
36%
35%
147
185
614
48%
43%
45%
191
221
574
46%
51%
49%
41
63
185
45%
81%
51%
66
53
179
67%
49%
49%
54
73
231
Maple R id g e/Pitt M eadow s 41%
54%
39%
379
57
129
42%
51%
45%
424
49
139
46%
67%
47%
118
21
49
47%
50%
55%
142
16
44
44%
33%
38%
142
21
56
* Year-to-date listings represent a cumulative total of listings rather than total active listings.
Year-to-date*
Jan. Mar. 2013
Year-to-date*
Jan. Mar. 2014
March 2013
February 2014
March 2014
Number of Listings
March 2014
2014
North Vanco uver 35%
50%
45%
436
148
537
36%
49%
54%
525
166
526
42%
70%
60%
148
44
188
43%
64%
51%
168
58
186
43%
47%
71%
161
53
189
Port C oquitla m 32%
49%
32%
163
138
182
34%
66%
60%
227
116
167
48%
68%
31%
48
47
68
39%
75%
80%
70
48
49
46%
71%
62%
79
35
65
Port M oody/B elcarra 45%
37%
28%
130
94
138
44%
62%
41%
128
82
106
53%
58%
40%
43
31
43
50%
84%
63%
40
25
32
40%
61%
32%
48
33
44
Richm ond 35%
42%
29%
736
400
825
39%
51%
47%
828
421
841
50%
59%
40%
234
126
225
43%
56%
59%
268
141
243
42%
56%
53%
282
134
254
Squam ish 18%
29%
25%
45
73
118
59%
41%
41%
39
64
131
36%
37%
34%
11
27
32
67%
21%
47%
9
24
34
64%
56%
60%
11
25
40
38%
24%
27%
26
37
316
49%
59%
24%
35
22
348
70%
33%
26%
10
12
143
44%
100%
21%
16
4
112
45%
56%
26%
11
9
129
Sunsh ine Co ast
21
41%
40%
37%
546
194
614
51%
52%
57%
652
220
654
51%
51%
45%
196
57
208
65%
63%
57%
208
73
227
60%
58%
65%
222
67
245
Vanco uver E ast
3
y
Burnab
er New W estmin st
Vanco uver W est 40%
42%
37%
1,944
296
922
46%
41%
44%
2,051
305
987
53%
71%
55%
616
82
275
53%
53%
61%
611
89
280
52%
46%
49%
719
104
300
Sound 36%
21%
27%
91
48
470
37%
47%
35%
95
36
479
58%
27%
41%
26
15
141
40%
90%
43%
30
10
148
42%
36%
43%
26
14
141
Wes t V a n couve r/Howe
MLS® LISTINGS Facts
57%
71%
54%
82
72
70
50%
66%
48%
121
91
67
73%
56%
39%
26
27
31
51%
90%
50%
41
30
22
51%
70%
52%
39
30
23
Whistl er/Pem berton n/a
6,100
2,378
6,322
n/a
6,606
2,308
6,412
n/a
1,974
805
2,060
n/a
2,035
720
1,945
n/a
2,245
795
2,241
Listing & Sales Activity Summary Listings
Sales
1 Mar 2013
2 Feb 2014
3 Mar 2014
5 Mar 2013
6 Feb 2014
7 Mar 2014
178 148 313
157 82 230
194 107 301
23.6 30.5 30.9
76 65 136
79 47 131
89 59 138
12.7 25.5 5.3
182 150 317
229 147 375
25.8 -2.0 18.3
203 91 120
147 59 118
229 74 129
55.8 25.4 9.3
103 39 67
83 53 54
98 36 62
18.1 -32.1 14.8
228 98 154
252 112 161
10.5 14.3 4.5
78 14 24
81 8 18
88 15 21
8.6 87.5 16.7
34 7 13
39 4 9
35 4 15
-10.3 0.0 66.7
76 16 24
103 8 34
35.5 -50.0 41.7
185 63 41
179 53 66
231 73 54
29.1 37.7 -18.2
91 32 19
91 43 30
113 36 36
24.2 -16.3 20.0
212 67 51
261 95 91
23.1 41.8 78.4
188 44 148
186 58 168
189 53 161
1.6 -8.6 -4.2
113 31 62
95 37 73
134 25 69
41.1 -32.4 -5.5
241 74 152
282 81 190
17.0 9.5 25.0
49 21 118
44 16 142
56 21 142
27.3 31.3 0.0
23 14 54
24 8 67
21 7 62
-12.5 -12.5 -7.5
50 31 156
62 25 176
24.0 -19.4 12.8
43 31 43
32 25 40
44 33 48
37.5 32.0 20.0
17 18 23
20 21 20
14 20 19
-30.0 -4.8 -5.0
39 35 58
43 51 56
10.3 45.7 -3.4
68 47 48
49 48 70
65 35 79
32.7 -27.1 12.9
21 32 23
39 36 27
40 25 36
2.6 -30.6 33.3
59 67 52
101 76 77
71.2 13.4 48.1
225 126 234
243 141 268
254 134 282
4.5 -5.0 5.2
89 74 117
144 79 116
135 75 119
-6.3 -5.1 2.6
241 167 256
393 215 324
63.1 28.7 26.6
143 12 10
112 4 16
129 9 11
15.2 125.0 -31.3
37 4 7
23 4 7
33 5 5
43.5 25.0 -28.6
86 9 10
84 13 17
-2.3 44.4 70.0
32 27 11
34 24 9
40 25 11
17.6 4.2 22.2
11 10 4
16 5 6
24 14 7
50.0 180.0 16.7
30 21 8
54 26 23
80.0 23.8 187.5
208 57 196
227 73 208
245 67 222
7.9 -8.2 6.7
94 29 99
130 46 135
160 39 134
23.1 -15.2 -0.7
227 77 223
370 114 331
63.0 48.1 48.4
275 82 616
280 89 611
300 104 719
7.1 16.9 17.7
151 58 324
172 47 324
147 48 373
-14.5 2.1 15.1
338 125 777
436 124 941
29.0 -0.8 21.1
31 27 26
22 30 41
23 30 39
4.5 0.0 -4.9
12 15 19
11 27 21
12 21 20
9.1 -22.2 -4.8
38 51 47
32 60 60
-15.8 17.6 27.7
141 15 26
148 10 30
141 14 26
-4.7 40.0 -13.3
58 4 15
63 9 12
61 5 11
-3.2 -44.4 -8.3
127 10 33
168 17 35
32.3 70.0 6.1
2047 805 1974
1941 720 2035
2228 794 2245
14.8 10.3 10.3
930 432 982
1029 466 1032
1116 419 1106
8.5 -10.1 7.2
2174 998 2318
2870 1164 2891
32.0 16.6 24.7
BURNABY DETACHED ATTACHED APARTMENTS
Col. 2 & 3 Percentage Variance
%
Col. 6 & 7 Percentage Variance
9 Jan 2013 Mar 2013
10 Jan 2014 Mar 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
$469,489
$597,195
$1,209,542
NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.
1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
IN THOUSANDS ($)
Residential Average Sale Prices - January 1977 to March 2014
