Please click to view video: December 2015 Year in Review Housing Market Update - Real Estate Board of Greater Vancouver
- Home buyers remained active over the holiday period
- 2,827 sales in December, +33.6% over STLY, highest selling December on record
- 2,021 new actives in December, +7% over STLY
- currently 6,024 total actives, -41.6% over STLY (10,230 in December 2014), lowest total in 10 years
- homeowners' demand has outpaced supply throughout 2015, resulting in double-digit % home price increases
- benchmark of all residential prices = $760,900 in 2015, +18.9% from STLY ($640,100)
- sales to active listings ratio = 46.9% (highest ratio in our market in over 10 years)
- Annually:
- 42,326 total sales in 2015 (highest yearly total on record)
- vs. 57,249 total listings in 2015
- fierce competition in market, resulting in multiple offer situations causing increase in SP:
- Detached home = +24.3%
- Condo = +14%
- Townhome = +13.6%
