Blog posts labelled: vancouver property values

July 2019 Metro Vancouver Housing

Posted on August 15, 2019 by Amalia Liapis

Posted in BCREA, Housing Demand, Housing Statistics, Metro Vancouver, Real Estate, REBGV, Vancouver, Vancouver Property Values

The Multiple Listing Service® (MLS®) has reported a total of 7,930 residential unit sales last month which is an increase of 12.4% from the same month last year. The average MLS® residential price in the province saw a decrease of 1.6% from July 2018 to $684,497. The total sales dollar volume, on the other hand, saw an increase of 10.5% from July 2018 to $5.43 billion.

“BC home sales climbed higher for the first time in 18 months on a year-over-year basis in July,” said BCREA Chief Economist Cameron Muir. Housing demand has also trended higher since March, rising 21 per cent on a seasonally adjusted basis. “Households appear to be adjusting to the tighter credit environment as the shock of the B20 stress test dissipates.”

MLS® residential active listings in the province trended lower in July, down 3% from June and 6% from April on a seasonally adjusted basis. There were 41,621 active listings which is a 12.4% increase on a year-over-year basis, while overall market conditions remained unchanged from 12 months ago with the sales-to-active listings ratio at 19.1%.

Year-to-date, BC residential sales dollar volume decreased by 18.9% to $30 billion, compared with the same period in 2018. Residential unit sales decreased 14.4% to 43,612 units, while the average MLS® residential price was down 5.3% to $687,413.

For a breakdown of some market highlights for July 2019, please see below:

For all your real estate needs, contact our office at info@wesellvancouver.ca or alternatively, at 604-716-6155.

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Vancouver Property Values are Up!

Posted on May 8, 2014 by Amalia Liapis

Posted in Vancouver Property Values

Homeowners in Vancouver believe their property values have increased by an average of $269,000, according to a BMO poll released May 6.

Vancouver owners believe they could sell their properties at an average price of $698,000 for all home types. Over one-in-four owners believe the values of their homes has more than doubled since they bought them. This is the second-highest amount of all the major cities in the country, with Montreal in first place at 48%.

Province-wide, those who own their own homes expect to be able to sell them for an average of $342,000 – an increase of $201,000 over what they paid. This is the highest in the country, followed by Alberta at $261,000.

Across Canada, the average homeowner expects to sell their homes for $370,000, which represents an increase of $142,000 over what they paid. One-third believe their home values have more than doubled.

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