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

this rarely available ½ duplex in Ambleside, West Vancouver, is a true testament to luxurious coastal living

Phil Chang
Personal Real Estate Corporation
advisor insight

The Pacific’s PENTHOUSE 3901 and PENTHOUSE 3902, the 'crown jewels' in one of the newest residential towers in Downtown Vancouver with the city’s most desirable destinations, only minutes away.

Phil Chang
Personal Real Estate Corporation