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

Canada House with Arran Henn of Westcoast Homes & Phil Chang

Phil Chang
Personal Real Estate Corporation
advisor insight

Canada House On The Water -- rare opportunity, rare Plan D, 2138 sq.ft on one level with 3 outlooks, 3 balconies.

Phil Chang
Personal Real Estate Corporation
advisor insight

Popular "AGENDA" ~ Central location. 5-10 minute to walk to Central City, shopping, SFU, Rec centre,Skytrain and restaurants! Spacious one bedroom unit features laminate flooring, Stainless steel appliances and great open kitchen. Big and nice gym room on main level. Great opportunity to own an apa…

Phil Chang
Personal Real Estate Corporation