4,781 homes sold vs. 7,550 total active listing = 63% sales-to-active-listing ratio…clearly a seller’s market
REBGV April 2016 Market Update

home market remains strong from April 2016:

  • 4781 homes sold, 
  • 14.4% up from last year
  • 41.7% above 10-yr average
  • highest selling April on record

 

  • 6,127 new listings in april
  • 4% increase form last year
  • 7,550 actives 
  • down 39% from last yr
  • 2.6% increase from last mnth

 

  • residential properties $844,800 benchmark pricing 
  • 25% increase over last year
  • 30% incresae in detached
  • 21% incrase in condos 
  • 22% increase in townhomes

 

  • demand divided by supply
  • 4781 solds vs. 7550 total active listings = 63% sales to active listing ratio…truly a seller’s market
  • downward pressure on home prices when this ratio falls under 12%
  • upward pressure on home prices when ratio is 20% or more

 

advisor insight

Coming soon to Icon 1 at 638 Beach Crescent

Phil Chang
Personal Real Estate Corporation
advisor insight

Coming soon at 6826 Bryant Street in Burnaby South

Phil Chang
Personal Real Estate Corporation
advisor insight

For years, Rennie has been recognized as one of Canada’s pre-eminent real estate brokerages and marketing firms.

Phil Chang
Personal Real Estate Corporation