lowest 10-year supply level...very high demand...
December 2015 Year in Review Housing Market Update - Real Estate Board of Greater Vancouver

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%
advisor insight

Canada House with Arran Henn of Westcoast Homes & Phil Chang

Phil Chang
Personal Real Estate Corporation
Phil Chang
Personal Real Estate Corporation
advisor insight

Meet your Grosvenor Experts. The Pacific by Grosvenor is located at the corner of Pacific Street and Hornby Street in Downtown Vancouver. The Pacific offers elegant one, two, three and four-bedroom homes featuring world-class views, timeless architecture, and custom Italian kitchen and bathroom cab…

Phil Chang
Personal Real Estate Corporation