REBGV Stats Package, November 2014
News Release FOR IMMEDIATE RELEASE:
Metro Vancouver home sales remain strong VANCOUVER, B.C. – December 2, 2014 – Home buyers in Metro Vancouver remained active in November, a month that is traditionally a quieter time of year for real estate. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 2,516 on the Multiple Listing Service® (MLS®) in November 2014. This represents an 8.4 per cent increase compared to the 2,321 sales in November 2013, and a 17.7 per cent decline compared to the 3,057 sales in October 2014. Last month’s sales were 6.9 per cent above the 10-year sales average for November. “It’s been a more active fall than we typically see in the Metro Vancouver housing market,” Ray Harris, REBGV president said. “Home prices across the region have experienced steady gains in 2014 of between three and seven per cent depending on property type.” New listings for detached, attached and apartment properties in Metro Vancouver* totalled 3,016 in November. This represents a 7.1 per cent decrease compared to the 3,245 new listings in November 2013 and a 32.8 per cent decline from the 4,487 new listings in October. The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 12,553, a 10.2 per cent decline compared to November 2013 and a 9.4 per cent decrease compared to October 2014. “This is traditionally a low inventory time of year, so it’s a good time to list your home for sale if you want to face less competition in the marketplace,” Harris said. The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $637,300. This represents a 5.7 cent increase compared to November 2013. Sales of detached properties in November 2014 reached 1,012, an increase of 9.3 per cent from the 926 detached sales recorded in November 2013, and a 60.9 per cent increase from the 629 units sold in November 2012. The benchmark price for detached properties increased 7.9 per cent from November 2013 to $997,800. Sales of apartment properties reached 1,052 in November 2014, an increase of 8.6 per cent compared to the 969 sales in November 2013, and a 40.3 per cent increase compared to the 750
sales in November 2012. The benchmark price of an apartment property increased 3.2 per cent from November 2013 to $379,500. Attached property sales in November 2014 totalled 452, a 6.1 per cent increase compared to the 426 sales in November 2013, and a 47.2 per cent increase over the 307 attached properties sold in November 2012. The benchmark price of an attached unit increased 4.8 per cent between November 2013 and 2014 to $480,200. -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] .
November 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
$567,500 $637,300 $582,100 $605,700 $542,400 $599,100 $536,600 $559,400 $396,100 $379,600 $689,000 $405,900 $414,300 $546,400 $595,100 $422,400 $352,200 $621,800 $659,000 $867,900 $1,671,100 $486,900
160.2 167.1 126.2 167.2 162.0 168.9 158.7 155.6 133.9 162.9 155.9 147.0 147.1 150.9 172.8 136.4 123.4 156.7 192.8 182.9 179.4 116.0
0.1% 0.1% -1.1% 1.1% -0.1% -0.2% -0.3% 0.2% 0.8% -0.5% 0.2% 1.3% 0.1% 0.2% 0.1% -0.2% -0.9% 0.3% 0.4% 0.0% -0.7% 2.0%
0.6% 0.9% -1.2% 2.8% 0.3% 0.5% 1.2% 1.9% 1.0% 0.7% 1.2% 3.9% 0.3% 0.6% 0.2% 0.7% -2.1% 1.8% 1.5% 1.3% -1.4% 3.5%
1.6% 2.1% -0.3% 3.3% 0.7% 1.6% 2.6% 4.1% 1.7% 1.6% 2.8% 3.6% 1.5% 2.3% 1.8% 4.4% -0.6% 2.5% 2.6% 2.5% -0.2% 9.0%
4.8% 5.7% 3.0% 6.2% 4.3% 4.8% 6.7% 7.4% 2.9% 4.3% 5.7% 3.2% 3.7% 6.9% 4.7% 8.3% 3.4% 7.5% 6.9% 7.8% 3.5% 8.5%
4.5% 5.0% -0.2% 10.4% 4.7% 3.9% 8.7% 4.3% 1.7% 4.6% 9.6% 6.0% 3.5% 12.9% 2.1% 13.1% -2.3% 4.9% 10.2% 6.0% 8.6% 7.9%
13.5% 16.0% -4.5% 16.4% 13.6% 17.3% 15.6% 13.7% 2.1% 11.2% 13.7% 8.8% 5.4% 11.5% 16.1% 8.4% -6.6% 15.1% 25.6% 21.5% 33.3% -4.7%
Single Family Detached
$808,900 $997,800 $582,100 $807,200 $985,500 $1,037,100 $769,600 $650,200 $481,300 $712,300 $1,035,100 $527,100 $582,600 $918,100 $1,017,100 $533,400 $350,500 $756,100 $957,300 $2,323,300 $1,992,300 $951,400
171.9 184.4 126.2 180.5 190.2 198.8 170.5 156.9 136.8 176.7 165.2 147.1 155.6 170.1 204.8 144.1 122.8 162.8 211.4 238.7 189.7 131.7
0.3% 0.3% -1.1% 1.6% -0.9% -0.9% 0.4% -0.1% 0.8% 1.5% -0.5% -0.3% -0.4% 1.5% 1.0% -0.8% -0.9% -0.1% 0.3% 0.8% -1.1% 1.5%
1.3% 1.4% -1.2% 4.2% 0.7% 1.6% 1.4% 2.0% 1.0% 4.3% 1.5% 1.0% -0.1% 1.9% 2.3% -1.2% -2.0% 1.6% 2.2% 1.8% -1.3% -0.9%
2.7% 3.2% -0.3% 4.8% 0.7% 3.0% 2.6% 4.3% 2.9% 4.9% 4.1% 4.0% 1.8% 1.6% 5.1% 1.3% -0.6% 1.9% 5.8% 4.2% -0.8% 1.0%
6.7% 7.9% 3.0% 8.0% 7.5% 6.0% 8.4% 7.2% 4.3% 7.5% 8.3% 4.7% 5.9% 7.1% 9.4% 8.2% 3.5% 7.4% 11.9% 10.9% 3.3% 6.1%
6.9% 6.6% -0.2% 12.9% 9.7% 7.8% 12.0% 4.9% 5.9% 9.3% 11.5% 4.0% 6.7% 15.3% 1.9% 7.1% -2.8% 7.7% 15.3% 4.9% 11.2% 6.7%
23.8% 28.5% -4.5% 25.6% 31.1% 37.5% 24.5% 16.0% 6.2% 23.4% 21.8% 9.0% 13.6% 24.9% 33.6% 11.9% -7.0% 21.2% 41.6% 46.4% 40.3% 4.5%
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 12
November 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
$401,900 $480,200 $428,000 $411,600 $426,100 $402,100 $463,900 $272,800 $423,000 $612,500 $340,200 $383,200 $432,600 $515,700 $365,100 $467,300 $534,800 $771,000 $495,600
145.9 155.8 153.5 153.5 152.9 147.7 153.7 132.5 158.9 146.6 147.2 145.9 146.2 166.7 132.5 144.5 176.3 174.4 133.5
0.1% 0.1% -0.1% 0.3% 3.0% -0.2% -0.5% 0.2% 1.0% 0.3% 3.4% -0.2% 0.1% -0.2% 0.8% 0.1% -2.5% 0.5% 2.1%
0.7% 1.1% 0.3% 0.9% 0.8% 3.1% 0.5% 0.1% 2.6% 1.3% 4.2% -0.4% 2.6% 0.8% -1.5% 0.7% -1.6% 3.6% 0.0%
1.6% 2.4% 1.3% -0.2% 0.2% 2.9% 2.9% -1.8% 4.9% 1.6% 3.7% 2.7% 5.0% 1.4% 3.1% 3.1% 1.4% 6.1% 5.9%
3.7% 4.8% 2.5% 2.6% 5.0% 6.3% 3.8% 5.1% 7.9% 6.2% 6.5% 2.0% 8.9% 3.9% 5.2% 4.3% 1.8% 9.3% 5.5%
1.1% 3.5% 5.2% -2.4% 1.3% 8.7% 5.8% -2.8% 8.5% 3.1% 6.4% 3.3% 7.5% 1.2% 26.0% -2.7% 3.7% 11.4% 31.7%
6.3% 11.0% 8.2% 9.1% 8.4% 8.8% 11.1% -1.9% 15.1% 7.2% 9.5% 5.0% 7.5% 15.7% 3.4% 4.4% 16.3% 22.6% 13.2%
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
$342,600 $379,500 $424,700 $347,300 $390,800 $259,600 $320,900 $167,100 $276,700 $358,100 $248,400 $229,900 $330,000 $342,400 $263,100 $333,300 $316,900 $497,700 $627,500 $240,900
150.3 153.4 161.2 146.8 156.9 142.9 152.1 121.8 158.2 145.4 146.8 136.3 137.5 145.2 126.6 140.2 174.8 161.1 137.1 86.5
-0.4% -0.2% 2.5% 0.1% -0.3% -1.9% 2.2% 2.0% -1.6% 1.5% 1.7% 1.3% -1.5% -1.2% 1.0% 1.8% 1.2% -0.6% 2.3% 3.0%
-0.5% 0.1% 3.5% -0.4% -0.2% 0.0% 2.6% 2.8% -1.0% 1.0% 6.5% 1.8% -3.0% -3.3% 15.9% 2.8% 1.1% 0.4% -1.0% 17.8%
-0.2% 0.5% 3.7% 0.8% 1.2% 2.1% 4.5% 0.8% -0.4% 1.3% 3.0% 0.0% -0.1% -2.5% 27.1% 4.2% -1.1% 0.8% 7.1% 30.5%
2.2% 3.2% 5.8% 2.4% 3.7% 3.3% 12.6% -7.8% 2.3% 1.5% -0.5% 2.1% 3.6% -1.2% 19.8% 9.6% 2.1% 5.6% 7.9% 26.5%
1.9% 3.0% 17.0% 3.7% 1.3% 1.6% 0.9% -10.2% 2.1% 8.3% 9.6% -0.9% 12.4% 1.0% 26.9% -2.4% 5.9% 5.2% -2.4% 5.6%
3.0% 5.1% 7.9% 3.6% 8.4% 3.0% 7.8% -10.6% 6.4% 5.0% 7.8% -4.8% 2.4% -2.0% 7.6% -0.6% 9.5% 9.3% 3.7% -29.6%
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 12
Nov 2014 Sep 2014 Jul 2014 May 2014 Mar 2014 Jan 2014 Nov 2013 Apartment
Sep 2013 Jul 2013 May 2013 Mar 2013
Townhouse
Nov 2012 Sep 2012 Jul 2012 May 2012
Detached
Mar 2012 Jan 2012 Nov 2011 Sep 2011
Residential
Jul 2011 May 2011 Mar 2011 Jan 2011 Nov 2010 Sep 2010 Jul 2010 May 2010 Mar 2010 Jan 2010 60
80
100
120 Price Index
140
160
180
Nov 2009 200
Jan 2005 HPI = 100
C:\DATA\MonthEnd\Hpi\export\hi_res\gv-hpi2.tif
Greater Vancouver 5 Year Trend
Jan 2013
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
$920,000
$481,500
$365,000
Apartment
721
Attached
Attached
908
Detached
Detached
$375,000
Apartment
1,586
$517,500
Apartment
$1,020,000
712
Attached
Attached
1,100
Detached
Detached
$379,000
Apartment
1,670
$512,000
Attached
Apartment
$908,600
59
Attached
Detached
92
Detached
143
$388,750
Apartment
Apartment
$499,500
60
Attached
$1,100,000
115
Detached
Attached
$379,000
Apartment
Detached
$538,000
Attached
177
$1,050,000
Detached
Apartment
128
61
Attached
Apartment
86
Detached
Coquit lam $289,900
$439,600
$715,000
670
431
1,052
$297,000
$480,000
$775,000
724
463
1,268
$282,000
$459,900
$737,500
56
35
90
$313,250
$519,000
$788,000
70
32
115
$292,250
$468,000
$837,500
56
39
106
Delta South $324,000
$400,000
$662,500
115
71
405
$340,000
$438,500
$701,100
164
80
589
n/a
n/a
$629,375
5
11
30
n/a
n/a
$737,000
16
12
62
n/a
n/a
$739,500
11
6
49
Islands - Gulf n/a
n/a
$435,000
0
0
31
n/a
n/a
$383,500
0
0
46
n/a
n/a
n/a
0
0
2
n/a
n/a
n/a
0
0
1
n/a
n/a
n/a
0
0
7
$212,000
$300,000
$480,000
279
352
1,042
$214,900
$302,000
$495,327
332
440
1,277
$216,250
$300,000
$480,000
34
27
76
$204,900
$305,488
$522,500
20
41
116
$201,900
$301,841
$515,220
37
37 68
13
24
$289,000
$419,910
$683,000
681
123
257
$306,500
$429,950
$705,000
745
93
328
$285,000
n/a
$631,500
53
9
20
$320,000
n/a
$771,500
68
6
32
$286,700
n/a
$699,750
Maple R id g e/Pitt M eadow s 122
$372,250
$630,000
$970,000
720
335
1,035
$384,000
$659,500
$1,075,000
841
370
1,171
$384,950
$617,000
$1,035,000
88
24
83
$390,000
$640,000
$1,105,000
85
40
91
$437,500
$668,151
$1,079,000
76
39
74
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. Nov. 2013
Year-to-date
Jan. Nov. 2014
November 2013
October 2014
November 2014
Number of Sales
November 2014
2014
Port C oquitla m $232,000
$369,400
$539,990
236
270
360
$242,000
$389,000
$570,000
334
327
452
n/a
n/a
$542,500
19
16
24
$251,000
$407,000
$566,000
29
35
46
$244,200
$368,950
$583,750
36
34
28
$336,000
$427,500
$802,850
238
179
224
$358,000
$437,400
$872,500
274
212
277
$335,000
$451,750
n/a
21
20
14
$364,000
n/a
$1,000,000
35
13
31
n/a
n/a
n/a
14
17 126
73
129
Richm ond $339,450
$510,000
$948,250
1,300
841
1,230
$350,000
$535,000
$1,038,000
1,384
1,006
1,585
$344,900
$528,500
$990,000
104
75
109
$340,000
$533,000
$1,115,250
139
99
165
$350,000
$532,800
$1,086,000
Port M oody/B elcarra 17
$214,750
$362,944
$507,000
44
120
163
$216,250
$366,846
$545,000
98
167
257
n/a
n/a
n/a
4
19
8
n/a
$384,900
$558,500
12
23
26
n/a
n/a
n/a
7
18
18
Squam ish
21
$258,700
$237,500
$380,000
49
40
429
$249,500
$239,900
$380,000
67
40
538
n/a
n/a
$339,000
4
4
25
n/a
n/a
$379,000
10
2
59
n/a
n/a
$412,500
5
5
38
Sunsh ine Co ast
11
y
Burnab
er New W estmin st
Vanco uver E ast $343,500
$622,000
$880,000
1,068
437
1,328
$345,000
$655,000
$965,000
1,317
477
1,655
$347,950
$625,000
$937,500
119
45
116
$340,000
$634,257
$995,000
125
49
164
$345,000
$657,000
$960,500
117
45
122
Vanco uver W est $472,000
$845,500
$2,150,000
3,575
586
1,550
$492,000
$871,000
$2,380,000
4,125
615
1,684
$471,250
$745,000
$2,285,000
293
54
140
$508,000
$925,000
$2,510,000
431
68
155
$495,000
$788,250
$2,648,000
332
43
117
$760,000
$1,201,869
$1,899,000
146
82
717
$748,000
$1,035,000
$2,100,000
172
69
777
n/a
n/a
$1,882,500
7
4
77
$721,400
n/a
$2,200,000
22
6
71
n/a
n/a
$1,875,000
11
3
65
n/a
n/a
28
19
10
$231,750
$525,750
$953,500
180
222
143
$256,500
$575,000
$1,050,000
256
266
156
n/a
$480,000
$1,320,000
19
24
20
$245,000
$477,500
$912,500
29
32
22
$287,500
Sound Wes t V a n couve r/Howe
MLS® SALES Facts
Whistl er/Pem berton n/a
10,887
4,810
10,874
n/a
12,503
5,337
13,160
n/a
969
426
926
n/a
1,268
518
1,271
n/a
1,052
452
1,012
% 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
44%
58%
54%
Apartment
1,250
Attached
Attached
2,057
Detached
Detached
57%
Apartment
2,926
61%
Apartment
53%
1,171
Attached
Attached
2,090
Detached
Detached
78%
Apartment
2,952
81%
Apartment
98%
Attached
73
Attached
Detached
94
Detached
183
61%
Apartment
Apartment
57%
106
Attached
65%
176
Detached
Attached
73%
Apartment
Detached
97%
Attached
290
81%
Detached
Apartment
175
63
Attached
Apartment
106
Detached
Coquit lam 46%
54%
55%
1,455
795
1,905
50%
69%
69%
1,436
674
1,850
65%
66%
78%
86
53
115
51%
56%
82%
138
57
141
60%
108%
122%
94
36
87
Delta South 44%
53%
53%
263
135
761
63%
71%
71%
259
112
829
38%
367%
83%
13
3
36
64%
133%
115%
25
9
54
122%
55%
123%
9
11
40
Islands - Gulf n/a
0%
23%
0
1
132
n/a
0%
34%
0
2
135
n/a
n/a
33%
0
0
6
n/a
n/a
33%
0
0
3
n/a
n/a
233%
0
0
3
42%
50%
50%
663
703
2,081
54%
61%
60%
616
727
2,113
60%
79%
59%
57
34
129
45%
52%
72%
44
79
161
79%
86%
101%
47
43
121
Maple R id g e/Pitt M eadow s 48%
63%
53%
1,419
196
489
49%
54%
69%
1,511
171
475
55%
56%
118%
96
16
17
58%
27%
103%
118
22
31
75%
72%
109%
91
18
22
* Year-to-date listings represent a cumulative total of listings rather than total active listings.
Year-to-date*
Jan. Nov. 2013
Year-to-date*
Jan. Nov. 2014
November 2013
October 2014
November 2014
Number of Listings
November 2014
2014
North Vanco uver 44%
56%
56%
1,635
597
1,860
46%
65%
67%
1,816
570
1,759
79%
69%
87%
111
35
95
54%
91%
75%
156
44
121
67%
115%
112%
113
34
66
Port C oquitla m 38%
59%
58%
614
458
622
45%
68%
79%
750
478
570
38%
80%
86%
50
20
28
40%
78%
118%
72
45
39
68%
79%
88%
53
43
32
Port M oody/B elcarra 52%
56%
50%
462
320
447
66%
80%
64%
414
265
435
131%
100%
78%
16
20
18
109%
68%
100%
32
19
31
58%
170%
55%
24
10
31
Richm ond 49%
57%
44%
2,663
1,481
2,801
45%
63%
55%
3,084
1,592
2,866
47%
75%
68%
223
100
161
50%
81%
76%
276
122
217
62%
74%
89%
202
98
145
Squam ish 31%
65%
42%
144
185
386
64%
76%
65%
153
220
397
31%
211%
80%
13
9
10
67%
82%
74%
18
28
35
58%
100%
75%
12
18
24
40%
34%
37%
124
116
1,171
46%
41%
45%
146
98
1,197
13%
40%
28%
30
10
90
42%
29%
55%
24
7
107
71%
125%
68%
7
4
56
Sunsh ine Co ast
21
52%
56%
55%
2,063
778
2,415
55%
65%
69%
2,381
738
2,403
80%
92%
83%
149
49
140
58%
69%
92%
216
71
179
68%
102%
118%
172
44
103
Vanco uver E ast
11
y
Burnab
er New W estmin st
Vanco uver W est 52%
53%
50%
6,863
1,114
3,087
57%
54%
53%
7,211
1,132
3,158
66%
96%
82%
442
56
171
72%
76%
71%
597
89
219
82%
78%
90%
403
55
130
Sound 42%
53%
41%
351
156
1,731
50%
50%
46%
347
139
1,689
25%
80%
90%
28
5
86
67%
75%
50%
33
8
141
73%
30%
81%
15
10
80
Wes t V a n couve r/Howe
MLS® LISTINGS Facts
54%
70%
46%
336
316
309
65%
75%
52%
391
357
299
68%
120%
95%
28
20
21
91%
123%
76%
32
26
29
108%
70%
77%
26
27
13
Whistl er/Pem berton n/a
21,981
8,601
22,254
n/a
23,467
8,446
22,265
n/a
1,525
503
1,217
n/a
2,071
732
1,684
n/a
1,443
514
1,059
Listing & Sales Activity Summary Listings
Sales
1 Nov 2013
2 Oct 2014
3 Nov 2014
5 Nov 2013
6 Oct 2014
7 Nov 2014
94 73 183
176 106 290
106 63 175
-39.8 -40.6 -39.7
92 59 143
115 60 177
86 61 128
-25.2 1.7 -27.7
257 193 463
304 178 461
18.3 -7.8 -0.4
115 53 86
141 57 138
87 36 94
-38.3 -36.8 -31.9
90 35 56
115 32 70
106 39 56
-7.8 21.9 -20.0
280 121 183
347 109 200
23.9 -9.9 9.3
36 3 13
54 9 25
40 11 9
-25.9 22.2 -64.0
30 11 5
62 12 16
49 6 11
-21.0 -50.0 -31.3
87 25 27
168 28 43
93.1 12.0 59.3
129 34 57
161 79 44
121 43 47
-24.8 -45.6 6.8
76 27 34
116 41 20
122 37 37
5.2 -9.8 85.0
279 106 94
361 108 92
29.4 1.9 -2.1
95 35 111
121 44 156
66 34 113
-45.5 -22.7 -27.6
83 24 88
91 40 85
74 39 76
-18.7 -2.5 -10.6
264 91 222
257 102 242
-2.7 12.1 9.0
17 16 96
31 22 118
22 18 91
-29.0 -18.2 -22.9
20 9 53
32 6 68
24 13 68
-25.0 116.7 0.0
63 35 176
86 27 203
36.5 -22.9 15.3
18 20 16
31 19 32
31 10 24
0.0 -47.4 -25.0
14 20 21
31 13 35
17 17 14
-45.2 30.8 -60.0
52 58 69
91 44 80
75.0 -24.1 15.9
28 20 50
39 45 72
32 43 53
-17.9 -4.4 -26.4
24 16 19
46 35 29
28 34 36
-39.1 -2.9 24.1
90 60 59
106 92 97
17.8 53.3 64.4
161 100 223
217 122 276
145 98 202
-33.2 -19.7 -26.8
109 75 104
165 99 139
129 73 126
-21.8 -26.3 -9.4
356 216 358
446 286 384
25.3 32.4 7.3
90 10 30
107 7 24
56 4 7
-47.7 -42.9 -70.8
25 4 4
59 2 10
38 5 5
-35.6 150.0 -50.0
105 12 16
162 9 17
54.3 -25.0 6.3
10 9 13
35 28 18
24 18 12
-31.4 -35.7 -33.3
8 19 4
26 23 12
18 18 7
-30.8 -21.7 -41.7
51 40 13
69 62 30
35.3 55.0 130.8
140 49 149
179 71 216
103 44 172
-42.5 -38.0 -20.4
116 45 119
164 49 125
122 45 117
-25.6 -8.2 -6.4
379 138 330
431 129 333
13.7 -6.5 0.9
171 56 442
219 89 597
130 55 403
-40.6 -38.2 -32.5
140 54 293
155 68 431
117 43 332
-24.5 -36.8 -23.0
473 162 982
443 166 1180
-6.3 2.5 20.2
21 20 28
29 26 32
13 27 26
-55.2 3.8 -18.8
20 24 19
22 32 29
10 19 28
-54.5 -40.6 -3.4
40 85 54
53 76 92
32.5 -10.6 70.4
86 5 28
141 8 33
80 10 15
-43.3 25.0 -54.5
77 4 7
71 6 22
65 3 11
-8.5 -50.0 -50.0
228 22 39
216 18 54
-5.3 -18.2 38.5
1211 503 1525
1681 732 2071
1056 514 1443
-37.2 -29.8 -30.3
924 426 969
1270 518 1268
1005 452 1052
-20.9 -12.7 -17.0
3004 1364 3085
3540 1434 3508
17.8 5.1 13.7
BURNABY DETACHED ATTACHED APARTMENTS
Col. 2 & 3 Percentage Variance
%
Col. 6 & 7 Percentage Variance
9 Sep 2013 Nov 2013
10 Sep 2014 Nov 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
$456,747
$562,579
$1,274,904
NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.
1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
IN THOUSANDS ($)
Residential Average Sale Prices - January 1977 to November 2014
Metro Vancouver home sales remain strong VANCOUVER, B.C. – December 2, 2014 – Home buyers in Metro Vancouver remained active in November, a month that is traditionally a quieter time of year for real estate. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 2,516 on the Multiple Listing Service® (MLS®) in November 2014. This represents an 8.4 per cent increase compared to the 2,321 sales in November 2013, and a 17.7 per cent decline compared to the 3,057 sales in October 2014. Last month’s sales were 6.9 per cent above the 10-year sales average for November. “It’s been a more active fall than we typically see in the Metro Vancouver housing market,” Ray Harris, REBGV president said. “Home prices across the region have experienced steady gains in 2014 of between three and seven per cent depending on property type.” New listings for detached, attached and apartment properties in Metro Vancouver* totalled 3,016 in November. This represents a 7.1 per cent decrease compared to the 3,245 new listings in November 2013 and a 32.8 per cent decline from the 4,487 new listings in October. The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 12,553, a 10.2 per cent decline compared to November 2013 and a 9.4 per cent decrease compared to October 2014. “This is traditionally a low inventory time of year, so it’s a good time to list your home for sale if you want to face less competition in the marketplace,” Harris said. The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $637,300. This represents a 5.7 cent increase compared to November 2013. Sales of detached properties in November 2014 reached 1,012, an increase of 9.3 per cent from the 926 detached sales recorded in November 2013, and a 60.9 per cent increase from the 629 units sold in November 2012. The benchmark price for detached properties increased 7.9 per cent from November 2013 to $997,800. Sales of apartment properties reached 1,052 in November 2014, an increase of 8.6 per cent compared to the 969 sales in November 2013, and a 40.3 per cent increase compared to the 750
sales in November 2012. The benchmark price of an apartment property increased 3.2 per cent from November 2013 to $379,500. Attached property sales in November 2014 totalled 452, a 6.1 per cent increase compared to the 426 sales in November 2013, and a 47.2 per cent increase over the 307 attached properties sold in November 2012. The benchmark price of an attached unit increased 4.8 per cent between November 2013 and 2014 to $480,200. -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] .
November 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
$567,500 $637,300 $582,100 $605,700 $542,400 $599,100 $536,600 $559,400 $396,100 $379,600 $689,000 $405,900 $414,300 $546,400 $595,100 $422,400 $352,200 $621,800 $659,000 $867,900 $1,671,100 $486,900
160.2 167.1 126.2 167.2 162.0 168.9 158.7 155.6 133.9 162.9 155.9 147.0 147.1 150.9 172.8 136.4 123.4 156.7 192.8 182.9 179.4 116.0
0.1% 0.1% -1.1% 1.1% -0.1% -0.2% -0.3% 0.2% 0.8% -0.5% 0.2% 1.3% 0.1% 0.2% 0.1% -0.2% -0.9% 0.3% 0.4% 0.0% -0.7% 2.0%
0.6% 0.9% -1.2% 2.8% 0.3% 0.5% 1.2% 1.9% 1.0% 0.7% 1.2% 3.9% 0.3% 0.6% 0.2% 0.7% -2.1% 1.8% 1.5% 1.3% -1.4% 3.5%
1.6% 2.1% -0.3% 3.3% 0.7% 1.6% 2.6% 4.1% 1.7% 1.6% 2.8% 3.6% 1.5% 2.3% 1.8% 4.4% -0.6% 2.5% 2.6% 2.5% -0.2% 9.0%
4.8% 5.7% 3.0% 6.2% 4.3% 4.8% 6.7% 7.4% 2.9% 4.3% 5.7% 3.2% 3.7% 6.9% 4.7% 8.3% 3.4% 7.5% 6.9% 7.8% 3.5% 8.5%
4.5% 5.0% -0.2% 10.4% 4.7% 3.9% 8.7% 4.3% 1.7% 4.6% 9.6% 6.0% 3.5% 12.9% 2.1% 13.1% -2.3% 4.9% 10.2% 6.0% 8.6% 7.9%
13.5% 16.0% -4.5% 16.4% 13.6% 17.3% 15.6% 13.7% 2.1% 11.2% 13.7% 8.8% 5.4% 11.5% 16.1% 8.4% -6.6% 15.1% 25.6% 21.5% 33.3% -4.7%
Single Family Detached
$808,900 $997,800 $582,100 $807,200 $985,500 $1,037,100 $769,600 $650,200 $481,300 $712,300 $1,035,100 $527,100 $582,600 $918,100 $1,017,100 $533,400 $350,500 $756,100 $957,300 $2,323,300 $1,992,300 $951,400
171.9 184.4 126.2 180.5 190.2 198.8 170.5 156.9 136.8 176.7 165.2 147.1 155.6 170.1 204.8 144.1 122.8 162.8 211.4 238.7 189.7 131.7
0.3% 0.3% -1.1% 1.6% -0.9% -0.9% 0.4% -0.1% 0.8% 1.5% -0.5% -0.3% -0.4% 1.5% 1.0% -0.8% -0.9% -0.1% 0.3% 0.8% -1.1% 1.5%
1.3% 1.4% -1.2% 4.2% 0.7% 1.6% 1.4% 2.0% 1.0% 4.3% 1.5% 1.0% -0.1% 1.9% 2.3% -1.2% -2.0% 1.6% 2.2% 1.8% -1.3% -0.9%
2.7% 3.2% -0.3% 4.8% 0.7% 3.0% 2.6% 4.3% 2.9% 4.9% 4.1% 4.0% 1.8% 1.6% 5.1% 1.3% -0.6% 1.9% 5.8% 4.2% -0.8% 1.0%
6.7% 7.9% 3.0% 8.0% 7.5% 6.0% 8.4% 7.2% 4.3% 7.5% 8.3% 4.7% 5.9% 7.1% 9.4% 8.2% 3.5% 7.4% 11.9% 10.9% 3.3% 6.1%
6.9% 6.6% -0.2% 12.9% 9.7% 7.8% 12.0% 4.9% 5.9% 9.3% 11.5% 4.0% 6.7% 15.3% 1.9% 7.1% -2.8% 7.7% 15.3% 4.9% 11.2% 6.7%
23.8% 28.5% -4.5% 25.6% 31.1% 37.5% 24.5% 16.0% 6.2% 23.4% 21.8% 9.0% 13.6% 24.9% 33.6% 11.9% -7.0% 21.2% 41.6% 46.4% 40.3% 4.5%
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 12
November 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
$401,900 $480,200 $428,000 $411,600 $426,100 $402,100 $463,900 $272,800 $423,000 $612,500 $340,200 $383,200 $432,600 $515,700 $365,100 $467,300 $534,800 $771,000 $495,600
145.9 155.8 153.5 153.5 152.9 147.7 153.7 132.5 158.9 146.6 147.2 145.9 146.2 166.7 132.5 144.5 176.3 174.4 133.5
0.1% 0.1% -0.1% 0.3% 3.0% -0.2% -0.5% 0.2% 1.0% 0.3% 3.4% -0.2% 0.1% -0.2% 0.8% 0.1% -2.5% 0.5% 2.1%
0.7% 1.1% 0.3% 0.9% 0.8% 3.1% 0.5% 0.1% 2.6% 1.3% 4.2% -0.4% 2.6% 0.8% -1.5% 0.7% -1.6% 3.6% 0.0%
1.6% 2.4% 1.3% -0.2% 0.2% 2.9% 2.9% -1.8% 4.9% 1.6% 3.7% 2.7% 5.0% 1.4% 3.1% 3.1% 1.4% 6.1% 5.9%
3.7% 4.8% 2.5% 2.6% 5.0% 6.3% 3.8% 5.1% 7.9% 6.2% 6.5% 2.0% 8.9% 3.9% 5.2% 4.3% 1.8% 9.3% 5.5%
1.1% 3.5% 5.2% -2.4% 1.3% 8.7% 5.8% -2.8% 8.5% 3.1% 6.4% 3.3% 7.5% 1.2% 26.0% -2.7% 3.7% 11.4% 31.7%
6.3% 11.0% 8.2% 9.1% 8.4% 8.8% 11.1% -1.9% 15.1% 7.2% 9.5% 5.0% 7.5% 15.7% 3.4% 4.4% 16.3% 22.6% 13.2%
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
$342,600 $379,500 $424,700 $347,300 $390,800 $259,600 $320,900 $167,100 $276,700 $358,100 $248,400 $229,900 $330,000 $342,400 $263,100 $333,300 $316,900 $497,700 $627,500 $240,900
150.3 153.4 161.2 146.8 156.9 142.9 152.1 121.8 158.2 145.4 146.8 136.3 137.5 145.2 126.6 140.2 174.8 161.1 137.1 86.5
-0.4% -0.2% 2.5% 0.1% -0.3% -1.9% 2.2% 2.0% -1.6% 1.5% 1.7% 1.3% -1.5% -1.2% 1.0% 1.8% 1.2% -0.6% 2.3% 3.0%
-0.5% 0.1% 3.5% -0.4% -0.2% 0.0% 2.6% 2.8% -1.0% 1.0% 6.5% 1.8% -3.0% -3.3% 15.9% 2.8% 1.1% 0.4% -1.0% 17.8%
-0.2% 0.5% 3.7% 0.8% 1.2% 2.1% 4.5% 0.8% -0.4% 1.3% 3.0% 0.0% -0.1% -2.5% 27.1% 4.2% -1.1% 0.8% 7.1% 30.5%
2.2% 3.2% 5.8% 2.4% 3.7% 3.3% 12.6% -7.8% 2.3% 1.5% -0.5% 2.1% 3.6% -1.2% 19.8% 9.6% 2.1% 5.6% 7.9% 26.5%
1.9% 3.0% 17.0% 3.7% 1.3% 1.6% 0.9% -10.2% 2.1% 8.3% 9.6% -0.9% 12.4% 1.0% 26.9% -2.4% 5.9% 5.2% -2.4% 5.6%
3.0% 5.1% 7.9% 3.6% 8.4% 3.0% 7.8% -10.6% 6.4% 5.0% 7.8% -4.8% 2.4% -2.0% 7.6% -0.6% 9.5% 9.3% 3.7% -29.6%
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 12
Nov 2014 Sep 2014 Jul 2014 May 2014 Mar 2014 Jan 2014 Nov 2013 Apartment
Sep 2013 Jul 2013 May 2013 Mar 2013
Townhouse
Nov 2012 Sep 2012 Jul 2012 May 2012
Detached
Mar 2012 Jan 2012 Nov 2011 Sep 2011
Residential
Jul 2011 May 2011 Mar 2011 Jan 2011 Nov 2010 Sep 2010 Jul 2010 May 2010 Mar 2010 Jan 2010 60
80
100
120 Price Index
140
160
180
Nov 2009 200
Jan 2005 HPI = 100
C:\DATA\MonthEnd\Hpi\export\hi_res\gv-hpi2.tif
Greater Vancouver 5 Year Trend
Jan 2013
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
$920,000
$481,500
$365,000
Apartment
721
Attached
Attached
908
Detached
Detached
$375,000
Apartment
1,586
$517,500
Apartment
$1,020,000
712
Attached
Attached
1,100
Detached
Detached
$379,000
Apartment
1,670
$512,000
Attached
Apartment
$908,600
59
Attached
Detached
92
Detached
143
$388,750
Apartment
Apartment
$499,500
60
Attached
$1,100,000
115
Detached
Attached
$379,000
Apartment
Detached
$538,000
Attached
177
$1,050,000
Detached
Apartment
128
61
Attached
Apartment
86
Detached
Coquit lam $289,900
$439,600
$715,000
670
431
1,052
$297,000
$480,000
$775,000
724
463
1,268
$282,000
$459,900
$737,500
56
35
90
$313,250
$519,000
$788,000
70
32
115
$292,250
$468,000
$837,500
56
39
106
Delta South $324,000
$400,000
$662,500
115
71
405
$340,000
$438,500
$701,100
164
80
589
n/a
n/a
$629,375
5
11
30
n/a
n/a
$737,000
16
12
62
n/a
n/a
$739,500
11
6
49
Islands - Gulf n/a
n/a
$435,000
0
0
31
n/a
n/a
$383,500
0
0
46
n/a
n/a
n/a
0
0
2
n/a
n/a
n/a
0
0
1
n/a
n/a
n/a
0
0
7
$212,000
$300,000
$480,000
279
352
1,042
$214,900
$302,000
$495,327
332
440
1,277
$216,250
$300,000
$480,000
34
27
76
$204,900
$305,488
$522,500
20
41
116
$201,900
$301,841
$515,220
37
37 68
13
24
$289,000
$419,910
$683,000
681
123
257
$306,500
$429,950
$705,000
745
93
328
$285,000
n/a
$631,500
53
9
20
$320,000
n/a
$771,500
68
6
32
$286,700
n/a
$699,750
Maple R id g e/Pitt M eadow s 122
$372,250
$630,000
$970,000
720
335
1,035
$384,000
$659,500
$1,075,000
841
370
1,171
$384,950
$617,000
$1,035,000
88
24
83
$390,000
$640,000
$1,105,000
85
40
91
$437,500
$668,151
$1,079,000
76
39
74
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. Nov. 2013
Year-to-date
Jan. Nov. 2014
November 2013
October 2014
November 2014
Number of Sales
November 2014
2014
Port C oquitla m $232,000
$369,400
$539,990
236
270
360
$242,000
$389,000
$570,000
334
327
452
n/a
n/a
$542,500
19
16
24
$251,000
$407,000
$566,000
29
35
46
$244,200
$368,950
$583,750
36
34
28
$336,000
$427,500
$802,850
238
179
224
$358,000
$437,400
$872,500
274
212
277
$335,000
$451,750
n/a
21
20
14
$364,000
n/a
$1,000,000
35
13
31
n/a
n/a
n/a
14
17 126
73
129
Richm ond $339,450
$510,000
$948,250
1,300
841
1,230
$350,000
$535,000
$1,038,000
1,384
1,006
1,585
$344,900
$528,500
$990,000
104
75
109
$340,000
$533,000
$1,115,250
139
99
165
$350,000
$532,800
$1,086,000
Port M oody/B elcarra 17
$214,750
$362,944
$507,000
44
120
163
$216,250
$366,846
$545,000
98
167
257
n/a
n/a
n/a
4
19
8
n/a
$384,900
$558,500
12
23
26
n/a
n/a
n/a
7
18
18
Squam ish
21
$258,700
$237,500
$380,000
49
40
429
$249,500
$239,900
$380,000
67
40
538
n/a
n/a
$339,000
4
4
25
n/a
n/a
$379,000
10
2
59
n/a
n/a
$412,500
5
5
38
Sunsh ine Co ast
11
y
Burnab
er New W estmin st
Vanco uver E ast $343,500
$622,000
$880,000
1,068
437
1,328
$345,000
$655,000
$965,000
1,317
477
1,655
$347,950
$625,000
$937,500
119
45
116
$340,000
$634,257
$995,000
125
49
164
$345,000
$657,000
$960,500
117
45
122
Vanco uver W est $472,000
$845,500
$2,150,000
3,575
586
1,550
$492,000
$871,000
$2,380,000
4,125
615
1,684
$471,250
$745,000
$2,285,000
293
54
140
$508,000
$925,000
$2,510,000
431
68
155
$495,000
$788,250
$2,648,000
332
43
117
$760,000
$1,201,869
$1,899,000
146
82
717
$748,000
$1,035,000
$2,100,000
172
69
777
n/a
n/a
$1,882,500
7
4
77
$721,400
n/a
$2,200,000
22
6
71
n/a
n/a
$1,875,000
11
3
65
n/a
n/a
28
19
10
$231,750
$525,750
$953,500
180
222
143
$256,500
$575,000
$1,050,000
256
266
156
n/a
$480,000
$1,320,000
19
24
20
$245,000
$477,500
$912,500
29
32
22
$287,500
Sound Wes t V a n couve r/Howe
MLS® SALES Facts
Whistl er/Pem berton n/a
10,887
4,810
10,874
n/a
12,503
5,337
13,160
n/a
969
426
926
n/a
1,268
518
1,271
n/a
1,052
452
1,012
% 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
44%
58%
54%
Apartment
1,250
Attached
Attached
2,057
Detached
Detached
57%
Apartment
2,926
61%
Apartment
53%
1,171
Attached
Attached
2,090
Detached
Detached
78%
Apartment
2,952
81%
Apartment
98%
Attached
73
Attached
Detached
94
Detached
183
61%
Apartment
Apartment
57%
106
Attached
65%
176
Detached
Attached
73%
Apartment
Detached
97%
Attached
290
81%
Detached
Apartment
175
63
Attached
Apartment
106
Detached
Coquit lam 46%
54%
55%
1,455
795
1,905
50%
69%
69%
1,436
674
1,850
65%
66%
78%
86
53
115
51%
56%
82%
138
57
141
60%
108%
122%
94
36
87
Delta South 44%
53%
53%
263
135
761
63%
71%
71%
259
112
829
38%
367%
83%
13
3
36
64%
133%
115%
25
9
54
122%
55%
123%
9
11
40
Islands - Gulf n/a
0%
23%
0
1
132
n/a
0%
34%
0
2
135
n/a
n/a
33%
0
0
6
n/a
n/a
33%
0
0
3
n/a
n/a
233%
0
0
3
42%
50%
50%
663
703
2,081
54%
61%
60%
616
727
2,113
60%
79%
59%
57
34
129
45%
52%
72%
44
79
161
79%
86%
101%
47
43
121
Maple R id g e/Pitt M eadow s 48%
63%
53%
1,419
196
489
49%
54%
69%
1,511
171
475
55%
56%
118%
96
16
17
58%
27%
103%
118
22
31
75%
72%
109%
91
18
22
* Year-to-date listings represent a cumulative total of listings rather than total active listings.
Year-to-date*
Jan. Nov. 2013
Year-to-date*
Jan. Nov. 2014
November 2013
October 2014
November 2014
Number of Listings
November 2014
2014
North Vanco uver 44%
56%
56%
1,635
597
1,860
46%
65%
67%
1,816
570
1,759
79%
69%
87%
111
35
95
54%
91%
75%
156
44
121
67%
115%
112%
113
34
66
Port C oquitla m 38%
59%
58%
614
458
622
45%
68%
79%
750
478
570
38%
80%
86%
50
20
28
40%
78%
118%
72
45
39
68%
79%
88%
53
43
32
Port M oody/B elcarra 52%
56%
50%
462
320
447
66%
80%
64%
414
265
435
131%
100%
78%
16
20
18
109%
68%
100%
32
19
31
58%
170%
55%
24
10
31
Richm ond 49%
57%
44%
2,663
1,481
2,801
45%
63%
55%
3,084
1,592
2,866
47%
75%
68%
223
100
161
50%
81%
76%
276
122
217
62%
74%
89%
202
98
145
Squam ish 31%
65%
42%
144
185
386
64%
76%
65%
153
220
397
31%
211%
80%
13
9
10
67%
82%
74%
18
28
35
58%
100%
75%
12
18
24
40%
34%
37%
124
116
1,171
46%
41%
45%
146
98
1,197
13%
40%
28%
30
10
90
42%
29%
55%
24
7
107
71%
125%
68%
7
4
56
Sunsh ine Co ast
21
52%
56%
55%
2,063
778
2,415
55%
65%
69%
2,381
738
2,403
80%
92%
83%
149
49
140
58%
69%
92%
216
71
179
68%
102%
118%
172
44
103
Vanco uver E ast
11
y
Burnab
er New W estmin st
Vanco uver W est 52%
53%
50%
6,863
1,114
3,087
57%
54%
53%
7,211
1,132
3,158
66%
96%
82%
442
56
171
72%
76%
71%
597
89
219
82%
78%
90%
403
55
130
Sound 42%
53%
41%
351
156
1,731
50%
50%
46%
347
139
1,689
25%
80%
90%
28
5
86
67%
75%
50%
33
8
141
73%
30%
81%
15
10
80
Wes t V a n couve r/Howe
MLS® LISTINGS Facts
54%
70%
46%
336
316
309
65%
75%
52%
391
357
299
68%
120%
95%
28
20
21
91%
123%
76%
32
26
29
108%
70%
77%
26
27
13
Whistl er/Pem berton n/a
21,981
8,601
22,254
n/a
23,467
8,446
22,265
n/a
1,525
503
1,217
n/a
2,071
732
1,684
n/a
1,443
514
1,059
Listing & Sales Activity Summary Listings
Sales
1 Nov 2013
2 Oct 2014
3 Nov 2014
5 Nov 2013
6 Oct 2014
7 Nov 2014
94 73 183
176 106 290
106 63 175
-39.8 -40.6 -39.7
92 59 143
115 60 177
86 61 128
-25.2 1.7 -27.7
257 193 463
304 178 461
18.3 -7.8 -0.4
115 53 86
141 57 138
87 36 94
-38.3 -36.8 -31.9
90 35 56
115 32 70
106 39 56
-7.8 21.9 -20.0
280 121 183
347 109 200
23.9 -9.9 9.3
36 3 13
54 9 25
40 11 9
-25.9 22.2 -64.0
30 11 5
62 12 16
49 6 11
-21.0 -50.0 -31.3
87 25 27
168 28 43
93.1 12.0 59.3
129 34 57
161 79 44
121 43 47
-24.8 -45.6 6.8
76 27 34
116 41 20
122 37 37
5.2 -9.8 85.0
279 106 94
361 108 92
29.4 1.9 -2.1
95 35 111
121 44 156
66 34 113
-45.5 -22.7 -27.6
83 24 88
91 40 85
74 39 76
-18.7 -2.5 -10.6
264 91 222
257 102 242
-2.7 12.1 9.0
17 16 96
31 22 118
22 18 91
-29.0 -18.2 -22.9
20 9 53
32 6 68
24 13 68
-25.0 116.7 0.0
63 35 176
86 27 203
36.5 -22.9 15.3
18 20 16
31 19 32
31 10 24
0.0 -47.4 -25.0
14 20 21
31 13 35
17 17 14
-45.2 30.8 -60.0
52 58 69
91 44 80
75.0 -24.1 15.9
28 20 50
39 45 72
32 43 53
-17.9 -4.4 -26.4
24 16 19
46 35 29
28 34 36
-39.1 -2.9 24.1
90 60 59
106 92 97
17.8 53.3 64.4
161 100 223
217 122 276
145 98 202
-33.2 -19.7 -26.8
109 75 104
165 99 139
129 73 126
-21.8 -26.3 -9.4
356 216 358
446 286 384
25.3 32.4 7.3
90 10 30
107 7 24
56 4 7
-47.7 -42.9 -70.8
25 4 4
59 2 10
38 5 5
-35.6 150.0 -50.0
105 12 16
162 9 17
54.3 -25.0 6.3
10 9 13
35 28 18
24 18 12
-31.4 -35.7 -33.3
8 19 4
26 23 12
18 18 7
-30.8 -21.7 -41.7
51 40 13
69 62 30
35.3 55.0 130.8
140 49 149
179 71 216
103 44 172
-42.5 -38.0 -20.4
116 45 119
164 49 125
122 45 117
-25.6 -8.2 -6.4
379 138 330
431 129 333
13.7 -6.5 0.9
171 56 442
219 89 597
130 55 403
-40.6 -38.2 -32.5
140 54 293
155 68 431
117 43 332
-24.5 -36.8 -23.0
473 162 982
443 166 1180
-6.3 2.5 20.2
21 20 28
29 26 32
13 27 26
-55.2 3.8 -18.8
20 24 19
22 32 29
10 19 28
-54.5 -40.6 -3.4
40 85 54
53 76 92
32.5 -10.6 70.4
86 5 28
141 8 33
80 10 15
-43.3 25.0 -54.5
77 4 7
71 6 22
65 3 11
-8.5 -50.0 -50.0
228 22 39
216 18 54
-5.3 -18.2 38.5
1211 503 1525
1681 732 2071
1056 514 1443
-37.2 -29.8 -30.3
924 426 969
1270 518 1268
1005 452 1052
-20.9 -12.7 -17.0
3004 1364 3085
3540 1434 3508
17.8 5.1 13.7
BURNABY DETACHED ATTACHED APARTMENTS
Col. 2 & 3 Percentage Variance
%
Col. 6 & 7 Percentage Variance
9 Sep 2013 Nov 2013
10 Sep 2014 Nov 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
$456,747
$562,579
$1,274,904
NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.
1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
IN THOUSANDS ($)
Residential Average Sale Prices - January 1977 to November 2014
