Victoria Real Estate Market responds as expected to the changing market conditions of 2018

Size: px
Start display at page:

Download "Victoria Real Estate Market responds as expected to the changing market conditions of 2018"

Transcription

1 PRESIDENT Cheryl Woolley PRESIDENT ELECT & TREASURER Sandi-Jo Ayers PAST PRESIDENT Kyle Kerr DIRECTORS Jackie Adkins Sheila Aujla Karen Dinnie-Smyth David Langlois Andrew Plank Graden Sol EXECUTIVE OFFICER David Corey January 2, 29 Victoria Real Estate Market responds as expected to the changing market conditions of 28 A total of 375 properties sold in the Victoria Real Estate Board region this December, 8.8 per cent fewer than the 462 properties sold in December 27 and a 24.7 per cent decrease from November 28. Sales of condominiums were down 24.3 per cent from 27 in December with 3 units sold. Sales of single family homes were down 26.6 per cent from December 27 with 74 sold. A grand total of 7,5 properties sold over the course of 28, 2 per cent fewer than the 8,994 sold in sales came in very close to the ten-year average of 7,35 properties sold. Condominium sales totalled 2,62 in 28, compared to 2,783 in 27. Single family home sales were down from 4,69 in 27 to 3,87 in 28. The story arc in real estate this year has been the impact of government influence on a market which was showing signs of levelling out through the latter part of 27, says outgoing Victoria Real Estate Board President Kyle Kerr. All levels of government turned their focus to try to make housing more affordable and attainable across the property spectrum. The federal government s change to mortgage lending qualification rules this year meant many consumers lost 2 per cent of their purchasing power, which contributed to slowing down the pace of the market. On a municipal level, we saw many councils activating how they can influence affordable housing by leveraging current land assets, acquiring new land and creating partnerships to bring new affordable units to market - and that s a very exciting thing for our market in the long term. The provincial government has also promised huge investments into new affordable developments. These developments are important to the long-term growth of our community, because the only way to make more affordable housing in our area is to build it. There were,988 active listings for sale on the Victoria Real Estate Board Multiple Listing Service at the end of December 28, a decrease of 5.2 per cent compared to the month of November but 43.6 per cent more than the,384 active listings for sale at the end of December 27. The Multiple Listing Service Home Price Index benchmark value for a single family home in the Victoria Core in December 27 was $832,. The benchmark value for the same home in December 28 increased by 3.2 per cent to $858,6, lower than November s value of $865,2. The MLS HPI benchmark value for a condominium in the Victoria Core area in December 27 was $464,3, while the benchmark value for the same condominium in December 28 increased by 8.2 per cent to $52,4, slightly more than November's value of $5,5. (cont d) VICTORIA REAL ESTATE BOARD 335 Nanaimo Street Victoria, BC V8T 4W2 T F

2 The market in 29 will continue to be quieter than in previous years, as buyers and sellers adjust to new market conditions and government policies, adds President Kerr. Inventory is still quite low when you look at a longer range, which will continue to put pressure on pricing. Our overall economy is predicted to slow slightly, and that will likely mean a slower increase in interest rates but also slower growth. The good news is that savvy buyers will have more time to find their new homes, and that sellers will be under less pressure if they are planning to move within our market. Remember in evolving markets like ours, it s important to enlist the services of a REALTOR to help you navigate what may be your largest transaction ever. About the Victoria Real Estate Board Founded in 92, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of Realtors. The Victoria Real Estate Board represents,377 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market. Contact: Denise Hogue, Communications Manager VICTORIA REAL ESTATE BOARD 335 Nanaimo Street Victoria, BC V8T 4W2 T F

3 December 28 Statistics Package for Media Previous Periods Comparison of Unit Sales, Average Prices and Median Prices Sales by Property Type Single Family Greater Victoria Single Family Other Areas Single Family Total All Areas Condos Townhouses Manufactured Homes Total Residential Total Sales Units LM LY This Month Last Month This Month 28 - December 28 - November 27 - December Average$ LM LY Median$ LM LY Units Average$ Median$ Units Average$ Median$ $9, $775, $85,48 $77, 2 $85,562 $746, $652,363 $87,333 $472,62 $676,8 $28, $527,5 $76, $422,5 $55,5 $4, $67,92 $826,988 $536,575 $629,29 $93,45 $592,45 $755, $42, $575, $6, $565,35 $88,66 $449,46 $572,858 $53,28 $465, $727,85 $388,4 $525, $73,75 Active Listings, ,343,384 Legend Units: net number of listings sold LM: percentage change since Last Month LY: percentage change since This Month Average$: average selling price Median$: median selling price Active Listings: total listings on the market at midnight on the last day of the month Previous Periods Comparison of MLS HPI Benchmark Prices and MLS HPI Index Values Previous Periods Comparison of MLS HPI Benchmark Prices and MLS HPI Index Values Commonly Quoted Benchmark Home December 28 Benchmark Price November 28 Benchmark Price December 27 Benchmark Price December 28 Index Value November 28 Index Value December 27 Index Value LM LY Single Family Benchmark Home: Greater Victoria $75,7 $754,6 $75, Single Family Benchmark Home: Core $858,6 $865,2 $832, Single Family Benchmark Home: Westshore $63,7 $623,3 $585, Single Family Benchmark Home: Peninsula $775,9 $778,6 $754, Condo Benchmark Home: Greater Victoria $495,4 $493,4 $456, Townhouse Benchmark Home: Greater Victoria $584,6 $583,2 $56, Legend Current Month: December 28 Last Month: November 28 : December 27 LM: Percentage change between current month and last month LY: Percentage change between current month and same month last year Victoria Real Estate Board December 28 Statistics

4 Total new MLS listings and total MLS sales for entire district Sales to Active Listings Ratio Dec 26 Jan 27 Feb 27 Mar 27 Apr 27 May 27 Jun 27 Jul 27 Aug 27 Sep 27 Oct 27 Nov 27 Dec 27 Jan 28 Feb 28 Mar 28 Apr 28 May 28 Jun 28 Jul 28 Aug 28 Sep 28 Oct 28 Nov 28 Dec 28 This chart tracks the ratio of total residential sales over total active residential listings at month-end for each of the last 25 months. The active listing count and the sales count can be viewed as indicators of housing supply and demand respectively. Observing the ratio between them can thus help indicate a "buyers' market", where there is downward pressure on prices, and a "sellers' market", where there is upward pressure on prices. - below, there is downward pressure on prices (buyers' market) - above 25, there is upward pressure on prices (sellers' market) - in the 5-2 range, there is little pressure on prices either way (balanced market) Victoria Real Estate Board December 28 Statistics

5 MLS HPI benchmark and value - Single Family Homes The Victoria Real Estate Board uses the MLS Home Price Index (MLS HPI) to report on market trends. The MLS HPI uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area. Through the analysis of over ten years of Victoria Real Estate Board MLS sales data, the MLS HPI defined benchmark homes for Victoria in each category (single family homes, townhouses, condos) and for each neighbourhood. The benchmark starting point was 25, where each type of property and neighbourhood was assigned an index value of. Victoria Real Estate Board December 28 Statistics

6 MLS HPI benchmark and value - Condominium / Apartments Victoria Real Estate Board December 28 Statistics

7 HPI or Benchmark (Applies to all tabs) HPI Benchmark Value or percent change (Applies only to this tab) Value Percent change Area VREB District Summary Property Type Single Family - All Benchmark by Timeframe and Property Type: Single Family - All Victoria REB Victoria Victoria West Oak Bay Esquimalt View Royal Saanich East Saanich West Sooke Langford Metchosin Colwood Highlands North Saanich Sidney Central Saanich ML Malahat & Area GI Gulf Islands December 28 Month Ago 3 Months Ago 6 Months Ago 2 Months Ago 36 Months Ago 6 Months Ago January 25 $75,7 $825,7 $875, $95, $838, $92, $754,6 $834,6 $66,2 $657,4 $,29,9 $638,5 $73,7 $753, $682,3 $646,8 $744,2 $63,9 $744, $882, $748, $538, $529,8 $99, $97,2 $684,6 $826,8 $94,7 $758,9 $768,2 $848, $674, $645,7 $748,9 $9,3 $755,4 $634, $625,3 $632,4 $572,4 $58,5 $642,9 $695, $865,7 $966,4 $67,5 $767, $769,6 $87,8 $678,6 $662,6 $747, $99,2 $766,4 $636, $95, $76,5 $828,5 $97,8 $683, $735,7 $75,2 $788,9 $6,3 $,245,2 $,35,3 $,298,7 $,26, $584,7 $58,8 $59,9 $599,2 $5,9 $54,2 $577,5 $477,4 $599,8 $689,4 $86, $75, $477,6 $589,4 $85, $663, $87, $892,8 $623, $729,2 $526, $446,8 $54,3 $65,7 $463, $848,4 $466,5 $58,4 $635,6 $57,6 $359,7 $442,9 $624,4 $489, $623,2 $688, $484, $544, $43,5 $486,2 $59,5 $426,5 $744, $432,7 $5,2 $56,6 $492,9 $35,8 $49,3 $644,4 $448,3 $579,5 $62,8 $422, $49,2 $34, $35,2 $34,9 $357,8 $37,6 $283, $552, $286,7 $33,8 $394,5 $333, $264,9 $39,7 $455,4 $337, $437,7 $487,3 $32,5 $356,9 $285,8 $29,5 Source: Victoria Real Estate Board

8 HPI or Benchmark (Applies to all tabs) HPI Benchmark Value or percent change (Applies only to this tab) Value Percent change Area VREB District Summary Property Type Single Family - All HPI by Timeframe and Property Type: Single Family - All Victoria REB Victoria Victoria West Oak Bay Esquimalt View Royal Saanich East Saanich West Sooke Langford Metchosin Colwood Highlands North Saanich Sidney Central Saanich ML Malahat & Area GI Gulf Islands December 28 Month Ago 3 Months Ago 6 Months Ago 2 Months Ago 36 Months Ago 6 Months Ago January Source: Victoria Real Estate Board

9 HPI or Benchmark (Applies to all tabs) HPI Benchmark Value or percent change (Applies only to this tab) Value Percent change Area VREB District Summary Property Type Condo Apartment Benchmark by Timeframe and Property Type: Condo Apartment December 28 Month Ago 3 Months Ago 6 Months Ago 2 Months Ago 36 Months Ago 6 Months Ago January 25 Victoria REB $495,4 $493,4 $495, $498,3 $456,5 $37,5 $287,4 $26,2 Victoria $466,5 $462,5 $468,4 $47,5 $429, $292, $265,4 $9, Victoria West $767,6 $776,8 $784,9 $82,5 $758,5 $548,4 $429,2 $338,8 Oak Bay $558,5 $557,5 $58,5 $553,7 $5,6 $342, $37,3 $253, Esquimalt $348,8 $348,8 $352,4 $365,8 $342,9 $263, $226,6 $55,7 View Royal $478,3 $476, $476, $472,6 $446,3 $333,3 $33, $27,7 Saanich East $43,9 $432,8 $425,8 $429,2 $386,8 $266,4 $249,2 $69,7 Saanich West $42,8 $42,7 $44, $423,8 $386, $266,3 $242, $62,5 Langford $392,5 $39,4 $387,7 $382,6 $359, $259,3 $248,9 $77,4 Colwood $42,9 $4,4 $46,6 $48,9 $37,9 $263,8 $252,2 $66,8 Sidney $489,2 $487,2 $487,4 $483,6 $435,9 $298,9 $269, $2,8 Central Saanich $489,4 $483,7 $486,6 $482,5 $437,5 $33,9 $279,2 $25,3 Source: Victoria Real Estate Board

10 HPI or Benchmark (Applies to all tabs) HPI Benchmark Value or percent change (Applies only to this tab) Value Percent change Area VREB District Summary Property Type Condo Apartment HPI by Timeframe and Property Type: Condo Apartment December 28 Month Ago 3 Months Ago 6 Months Ago 2 Months Ago 36 Months Ago 6 Months Ago January 25 Victoria REB Victoria Victoria West Oak Bay Esquimalt View Royal Saanich East Saanich West Langford Colwood Sidney Central Saanich Source: Victoria Real Estate Board

11 HPI or Benchmark (Applies to all tabs) HPI Benchmark Value or percent change (Applies only to this tab) Value Percent change Area VREB District Summary Property Type Townhouse Benchmark by Timeframe and Property Type: Townhouse December 28 Month Ago 3 Months Ago 6 Months Ago 2 Months Ago 36 Months Ago 6 Months Ago January 25 Victoria REB $584,6 $583,2 $586,9 $588,9 $56,9 $46, $38,2 $284,3 Victoria $622,6 $624,6 $62,6 $68,5 $58, $45, $397, $287,7 Victoria West $648,2 $66, $623,7 $634,6 $599,9 $426, $398,2 $247,6 Esquimalt $529,5 $52,3 $528, $53,8 $59,6 $367,3 $343,9 $234,7 View Royal $636, $68,7 $63,7 $62,6 $64, $423,5 $385, $265,3 Saanich East $73,4 $728,4 $78,9 $743,4 $688, $52,4 $463, $34, Saanich West $584,4 $578,8 $562,4 $593,5 $548, $4,5 $374,2 $268,8 Sooke $452,5 $449,9 $493,4 $467,8 $48,4 $38,3 $37,8 $256, Langford $479,4 $48,4 $52, $492,2 $49,4 $332,9 $323,5 $26,5 Colwood $587,2 $594,9 $636,4 $64, $632,7 $47,2 $387, $334,6 Sidney $585,8 $592,3 $557,5 $64,7 $55,2 $48, $366,6 $269,6 Central Saanich $523,4 $524,9 $497,7 $542, $484,4 $36,2 $323,3 $245,5 ML Malahat & Area $545,6 $56,9 $559,5 $534,7 $475,6 $362,4 $324,8 $295,6 GI Gulf Islands $469,3 $482, $485, $466,5 $429,2 $343,2 $325,3 $33,7 Source: Victoria Real Estate Board

12 HPI or Benchmark (Applies to all tabs) HPI Benchmark Value or percent change (Applies only to this tab) Value Percent change Area VREB District Summary Property Type Townhouse HPI by Timeframe and Property Type: Townhouse December 28 Month Ago 3 Months Ago 6 Months Ago 2 Months Ago 36 Months Ago 6 Months Ago January 25 Victoria REB Victoria Victoria West Esquimalt View Royal Saanich East Saanich West Sooke Langford Colwood Sidney Central Saanich ML Malahat & Area GI Gulf Islands Source: Victoria Real Estate Board

13 HPI or Benchmark (Applies to all tabs) HPI Benchmark Area VREB Area Summary Benchmark Performance over Time Select Date Range: All values Area/Property Type Selection Tool To Select Multiple Options: Hold CTRL and click the selections below Property Type Benchmark ($) 8, 6, 4, Select the red marker(s) from the Area/Property Type Selection Tool Matrix on the right to graph your selection. Area Victoria REB Core Single Family - All Single Family - Storey Single Family - 2 Storey Townhouse Condo Apartment Composite Westshore Jan 26 Jan 28 Jan 2 Jan 22 Jan 24 Jan 26 Jan 28 Peninsula Core Single Family - All Peninsula Single Family - All Victoria REB Single Family - All Westshore Single Family - All Gulf Islands Source: Victoria Real Estate Board Malahat & Area

14 HPI or Benchmark (Applies to all tabs) HPI Benchmark Area VREB Area Summary Benchmark Performance over Time Select Date Range: All values Benchmark ($) 5, 4, 3, 2, Select the red marker(s) from the Area/Property Type Selection Tool Matrix on the right to graph your selection. Area/Property Type Selection Tool To Select Multiple Options: Hold CTRL and click the selections below Area Victoria REB Core Single Family - All Single Family - Storey Property Type Single Family - 2 Storey Townhouse Condo Apartment Composite Westshore Jan 26 Jan 28 Jan 2 Jan 22 Jan 24 Jan 26 Jan 28 Peninsula Core Condo Apartment Peninsula Condo Apartment Victoria REB Condo Apartment Westshore Condo Apartment Gulf Islands Source: Victoria Real Estate Board Malahat & Area

15 HPI or Benchmark (Applies to all tabs) HPI Benchmark Area VREB Area Summary Benchmark Performance over Time Select Date Range: All values Area/Property Type Selection Tool To Select Multiple Options: Hold CTRL and click the selections below Property Type Benchmark ($) 6, 5, 4, 3, Select the red marker(s) from the Area/Property Type Selection Tool Matrix on the right to graph your selection. Area Victoria REB Core Single Family - All Single Family - Storey Single Family - 2 Storey Townhouse Condo Apartment Composite Westshore Jan 26 Jan 28 Jan 2 Jan 22 Jan 24 Jan 26 Jan 28 Peninsula Core Townhouse Peninsula Townhouse Victoria REB Townhouse Westshore Townhouse Gulf Islands Source: Victoria Real Estate Board Malahat & Area

16 HPI or Benchmark (Applies to all tabs) HPI Benchmark Area VREB Area Summary Benchmark Performance over Time Select Date Range: All values 8, Area/Property Type Selection Tool To Select Multiple Options: Hold CTRL and click the selections below Property Type Benchmark ($) 6, 4, Select the red marker(s) from the Area/Property Type Selection Tool Matrix on the right to graph your selection. Area Victoria REB Core Single Family - All Single Family - Storey Single Family - 2 Storey Townhouse Condo Apartment Composite 2, Westshore Jan 26 Jan 28 Jan 2 Jan 22 Jan 24 Jan 26 Jan 28 Peninsula Source: Victoria Real Estate Board Victoria REB Condo Apartment Single Family - All Townhouse Gulf Islands Malahat & Area

17 Monthly Sales Summary Tuesday, January, 29 December 28 Region District Residential Single Family Greater Victoria Units Total Volume Victoria $7,58, Victoria West 3 $2,55, Oak Bay $7,849,999 Esquimalt 4 $3,862, View Royal 5 $3,557,3 Saanich East 3 $26,9,88 Saanich West 6 $,956,5 Central Saanich 9 $8,23,5 North Saanich 6 $8,35, Sidney 4 $2,824,9 Highlands $78, Colwood 5 $3,993,7 Langford 3 $23,55,599 Metchosin 2 $2,5, Sooke 2 $6,477, Waterfront (all districts) 5 $8,58,656 Total Greater Victoria 53 $37,92,242 Other Areas Shawnigan Lake / Malahat 4 $2,4, Gulf Islands 6 $3,849, UpIsland / Mainland 7 $3,73,395 Waterfront (all districts) 4 $4,663,223 Total Other Areas 2 $3,699,68 Total Single Family 74 $5,6,86 Condominium Greater Victoria Victoria 32 $4,427,65 Victoria West 4 $2,482,5 Oak Bay 6 $2,655, Esquimalt 5 $,9,8 View Royal 4 $,686,5 Saanich East 5 $9,56,443 Saanich West 4 $,63,7 Central Saanich 4 $,663,795 North Saanich $629,9 Sidney 7 $3,588,9 Colwood 2 $762,5 Langford 3 $4,69,388 Sooke 2 $58, Waterfront (all districts) 4 $2,823, Total Greater Victoria 3 $48,679,76 Total Condominium 3 $48,679,76 Victoria Real Estate Board Multiple Listing Service

18 Monthly Sales Summary Tuesday, January, 29 December 28 Region District Townhouse Greater Victoria Units Total Volume Victoria 9 $6,845,399 Esquimalt $34, View Royal 2 $965, Saanich East 8 $6,32,6 Saanich West $485, Central Saanich $479,9 Sidney 3 $3,286,5 Langford $5,395,397 Sooke $435, Total Greater Victoria 36 $24,364,796 Total Townhouse 36 $24,364,796 Manufactured Homes Greater Victoria View Royal 3 $43,25 Langford 3 $457,5 Sooke 4 $445, Total Greater Victoria $,35,75 Other Areas Gulf Islands $26, UpIsland / Mainland $2, Total Other Areas 2 $238, Total Manufactured Homes 2 $,543,75 Total Residential 325 $226,99,482 Victoria Real Estate Board Multiple Listing Service 2

19 Monthly Sales Summary Tuesday, January, 29 December 28 Region District Other Property Lots & Acreage (Incl Wtrfrnt) Greater Victoria Units Total Volume Oak Bay $,95,285 Sidney $44, Langford 28 $7,694,967 Sooke 5 $,379,9 Total Greater Victoria 35 $,439,52 Other Areas Gulf Islands 3 $35, UpIsland / Mainland $55, Total Other Areas 4 $83, Total Lots & Acreage (Incl Wtrfrnt) 39 $2,269,52 Other Commercial Properties $3,32,289 Grand Totals 375 $24,78,923 Victoria Real Estate Board Multiple Listing Service 3

20 Active Listings, New Listings and Sales December 28 Tuesday, January, 29 4, Total Active MLS Listings 3,8 3,6 3,4 3,2 3, 2,8 2,6 2,4 2,2 2,,8,6,4,2 Dec 26 Jan 27 Feb 27 Mar 27 Apr 27 May 27 Jun 27 Jul 27 Aug 27 Sep 27 Oct 27 Nov 27 Dec 27 Jan 28 Feb 28 Mar 28 Apr 28 May 28 Jun 28 Jul 28 Aug 28 Sep 28 Oct 28 Nov 28 Dec 28 Total New MLS Listings and Total MLS Sales 2,,8,6,4,2, Dec 26 Jan 27 Feb 27 Mar 27 Apr 27 May 27 Jun 27 Jul 27 Aug 27 Sep 27 Oct 27 Nov 27 Dec 27 Jan 28 Feb 28 Mar 28 Apr 28 May 28 Jun 28 Jul 28 Aug 28 Sep 28 Oct 28 Nov 28 Dec 28 Listings Sales Victoria Real Estate Board Multiple Listing Service

21 Sales to Active Listings Ratio December 28 Tuesday, January, Dec 26 Jan 27 Feb 27 Mar 27 Apr 27 May 27 Jun 27 Jul 27 Aug 27 Sep 27 Oct 27 Nov 27 Dec 27 Jan 28 Feb 28 Mar 28 Apr 28 May 28 Jun 28 Jul 28 Aug 28 Sep 28 Oct 28 Nov 28 Dec 28 The Sales to Active Listings Ratio This chart tracks the ratio of total residential sales over total active residential listings at month-end for each of the last 25 months. The active listing count and the sales count can be viewed as indicators of housing supply and demand respectively. Observing the ratio between them can thus help indicate a "buyers' market", where there is sustained downward pressure on prices, and a "sellers' market", where there is sustained upward pressure on prices. Based on a regression analysis performed by the Economics Department of the BC Real Estate Association in each market area of the province, the Sales to Active Listings Ratio for Victoria can be interpreted as follows: - below 4, there is downward pressure on prices (buyers' market) - above 2, there is upward pressure on prices (sellers' market) - in the 4-2 range, there is little pressure on prices either way (balanced market) Victoria Real Estate Board Multiple Listing Service

22 Monthly Comparative Activity By Property Type January--9 December 28 Single Family - Residential Units Listed 43 Units Sold 47 Sell/List Ratio 3 Sales Dollars $22,864,8 Average Price / Unit $835,8 Price Ratio 97 Days To Sell 5 Active Listings at Month End 648 Current Month $6,394,823 $794, Change $2,545,637,439 $84, Year To Date $3,4,43,657 $79, Change Single Family - Residential Waterfront Units Listed 2 Units Sold 8 Sell/List Ratio 67 Sales Dollars $2,882,629 Average Price / Unit $,6,329 Price Ratio 92 Days To Sell 3 Active Listings at Month End $,77, $,96, $276,9,267 $,65, $38,749,26 $,362, Single Family - Residential Acreage Units Listed Units Sold 2 Sell/List Ratio 2 Sales Dollars $,28, Average Price / Unit $927,333 Price Ratio 95 Days To Sell 26 Active Listings at Month End $7,976,5 $,57, $276,777,283 $964, $374,97,884 $,7, Condominium Units Listed 95 Units Sold 3 Sell/List Ratio 8 Sales Dollars $48,679,76 Average Price / Unit $472,62 Price Ratio 98 Days To Sell 36 Active Listings at Month End $6,26,569 $449, $,9,72,74 $47, $,69,837,32 $42, Victoria Real Estate Board Multiple Listing Service

23 Monthly Comparative Activity By Property Type January--9 December 28 Townhouse Units Listed 34 Units Sold 36 Sell/List Ratio 6 Sales Dollars $24,364,796 Average Price / Unit $676,8 Price Ratio 98 Days To Sell 5 Active Listings at Month End 67 Current Month $23,487,68 $572, Change $474,29,58 $598, Year To Date $46,747,884 $536,96 24 Change Strata Duplex (Up and Down) Units Listed Units Sold Sell/List Ratio Sales Dollars $ Average Price / Unit Price Ratio Days To Sell Active Listings at Month End $ $,427, $475, $4,29,5 $589, Strata Duplex (Side by Side) Units Listed 6 Units Sold 5 Sell/List Ratio 83 Sales Dollars $3,557,9 Average Price / Unit $7,58 Price Ratio 97 Days To Sell 3 Active Listings at Month End $2,54,25 $52, $65,222,288 $633, $57,838,978 $545, Strata Duplex (Front and Back) Units Listed 2 Units Sold Sell/List Ratio Sales Dollars $ Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 4 $397, $397, $9,74,795 $67, $5,839,8 $586, Victoria Real Estate Board Multiple Listing Service 2

24 Monthly Comparative Activity By Property Type January--9 December 28 Recreational Units Listed Units Sold Sell/List Ratio Sales Dollars $299,25 Average Price / Unit $299,25 Price Ratio 94 Days To Sell 25 Active Listings at Month End 4 Current Month $4, $4, Change $2,53,65 $5, Year To Date $4,589, $269, Change Manufactured Home Units Listed Units Sold 2 Sell/List Ratio 9 Sales Dollars $,543,75 Average Price / Unit $28,646 Price Ratio 93 Days To Sell 43 Active Listings at Month End $,838,5 $53, $35,363,5 $229, $35,369,273 $86, Residential Lots Units Listed 42 Units Sold 34 Sell/List Ratio 8 Sales Dollars $9,28,867 Average Price / Unit $268,496 Price Ratio 2 Days To Sell 37 Active Listings at Month End $3,234,25 $294, $44,7,54 $32, $62,32,29 $33, Residential Lots - Waterfront Units Listed 2 Units Sold Sell/List Ratio 5 Sales Dollars $,95,285 Average Price / Unit $,95,285 Price Ratio 98 Days To Sell Active Listings at Month End 7 4 $ $5,87,785 $72, $6,29,8 $37, Victoria Real Estate Board Multiple Listing Service 3

25 Monthly Comparative Activity By Property Type January--9 December 28 Residential Acreage Units Listed 3 Units Sold 3 Sell/List Ratio Sales Dollars $645, Average Price / Unit $25, Price Ratio 92 Days To Sell 39 Active Listings at Month End 74 Current Month $4,525, $754, Change $33,788,788 $433, Year To Date $4,64,33 $385, Change Residential Acreage - Waterfront Units Listed Units Sold Sell/List Ratio Sales Dollars $545, Average Price / Unit $545, Price Ratio 9 Days To Sell 85 Active Listings at Month End $,562, $78, $5,65, $798, $6,325,9 $583, Revenue - Duplex/Triplex Units Listed Units Sold Sell/List Ratio Sales Dollars $88, Average Price / Unit $88, Price Ratio 95 Days To Sell 8 Active Listings at Month End $,789, $894, $24,73,4 $989, $49,35,26 $949, Revenue - Multi Units Units Listed Units Sold Sell/List Ratio Sales Dollars $ Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 2 $3,45, $,522, $,744,999 $,677, $29,582,5 $,479, Victoria Real Estate Board Multiple Listing Service 4

26 Monthly Comparative Activity By Property Type January--9 December 28 Revenue - Apartment Block Units Listed Units Sold Sell/List Ratio Sales Dollars $ Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 6 Current Month $ Change $8,9, $2,227, Year To Date $8,27, $2,756, Change Revenue - Commercial Units Listed 5 Units Sold 5 Sell/List Ratio Sales Dollars $3,2, Average Price / Unit $64, Price Ratio 92 Days To Sell 46 Active Listings at Month End $5,38, $,327, $2,94,876 $4,475, $23,468,7 $733, Revenue - Industrial Units Listed Units Sold Sell/List Ratio Sales Dollars $ Average Price / Unit Price Ratio Days To Sell Active Listings at Month End $ $ $ Business with Land & Building Units Listed Units Sold Sell/List Ratio Sales Dollars $ Average Price / Unit Price Ratio Days To Sell Active Listings at Month End $557,4 $278, $24,49,65 $83, $9,987,46 $384, Victoria Real Estate Board Multiple Listing Service 5

27 Monthly Comparative Activity By Property Type January--9 December 28 Business Only Units Listed 9 Units Sold 4 Sell/List Ratio 44 Sales Dollars $292,25 Average Price / Unit $73,63 Price Ratio 59 Days To Sell 255 Active Listings at Month End 79 Current Month $268, $67, Change $2,635,55 $79,85 74 Year To Date $3,857,25 $48, Change Motel/Hotel Units Listed Units Sold Sell/List Ratio Sales Dollars $ Average Price / Unit Price Ratio Days To Sell Active Listings at Month End $ 2 $ 9 $3,, $3,, Lease - Office Units Listed Units Sold Sell/List Ratio Sales Dollars $9 Average Price / Unit $9 Price Ratio Days To Sell 9 Active Listings at Month End $27 $ $,674 $ $25,652 $2, Lease - Retail Units Listed 2 Units Sold Sell/List Ratio Sales Dollars $ Average Price / Unit Price Ratio Days To Sell Active Listings at Month End $27 $ $2,362 $ $65,444 $9, Victoria Real Estate Board Multiple Listing Service 6

28 Monthly Comparative Activity By Property Type January--9 December 28 Lease - Warehouse Units Listed Units Sold Sell/List Ratio Sales Dollars $ Average Price / Unit Price Ratio Days To Sell Active Listings at Month End Current Month $ Change $ Year To Date $ $ 42 Change Lease - Industrial Units Listed Units Sold Sell/List Ratio Sales Dollars $ Average Price / Unit Price Ratio Days To Sell Active Listings at Month End $ 2 2 $3 $5 2 $7 $ Lease - Other Units Listed 3 Units Sold Sell/List Ratio 33 Sales Dollars $2 Average Price / Unit $2 Price Ratio Days To Sell 67 Active Listings at Month End $4 $ $4,286 $26, $285 $ Commercial Land Units Listed Units Sold Sell/List Ratio Sales Dollars $ Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 6 $35, $35, $,4, $,4, $2,235, $2,23, Victoria Real Estate Board Multiple Listing Service 7

29 Monthly Comparative Activity By Property Type January--9 December 28 Current Month Change Year To Date Change Grand Totals Units Listed 384 Units Sold 375 Sell/List Ratio 98 Sales Dollars $24,78,923 Average Price / Unit $644,749 Price Ratio 97 Days To Sell 52 Active Listings at Month End $299,48,528 $647, $4,992,863,965 $698, $5,72,393,822 $639, Victoria Real Estate Board Multiple Listing Service 8

September 4, Victoria s Real Estate Market Simmers at the End of Summer

September 4, Victoria s Real Estate Market Simmers at the End of Summer PRESIDENT Kyle Kerr PRESIDENT ELECT Cheryl Woolley SECRETARY TREASURER David Langlois PAST PRESIDENT Ara Balabanian DIRECTORS Jackie Adkins Sandi-Jo Ayers Bill Ethier Karen Dinnie-Smyth Andrew Plank EXECUTIVE

More information

August 1, Victoria Housing Market Still Finding Its Balance

August 1, Victoria Housing Market Still Finding Its Balance August, 28 PRESIDENT Kyle Kerr PRESIDENT ELECT Cheryl Woolley SECRETARY TREASURER David Langlois PAST PRESIDENT Ara Balabanian DIRECTORS Jackie Adkins Sandi-Jo Ayers Bill Ethier Karen Dinnie-Smyth Andrew

More information

November 1, The Victoria real estate market s return to balance not linear, but also not unexpected

November 1, The Victoria real estate market s return to balance not linear, but also not unexpected PRESIDENT Kyle Kerr PRESIDENT ELECT Cheryl Woolley SECRETARY TREASURER David Langlois PAST PRESIDENT Ara Balabanian DIRECTORS Jackie Adkins Sandi-Jo Ayers Bill Ethier Karen Dinnie-Smyth Andrew Plank EXECUTIVE

More information

Victoria Real Estate Market Statistics for August Sept 1, 2017

Victoria Real Estate Market Statistics for August Sept 1, 2017 Victoria Real Estate Market Statistics for August 27 Sept, 27 A total of 736 properties sold in the Victoria Real Estate Board region this August, 6.6 per cent fewer than the 883 properties sold in August

More information

October 1, Victoria Real Estate Market Continues to Stabilize

October 1, Victoria Real Estate Market Continues to Stabilize PRESIDENT Kyle Kerr PRESIDENT ELECT Cheryl Woolley SECRETARY TREASURER David Langlois PAST PRESIDENT Ara Balabanian DIRECTORS Jackie Adkins Sandi-Jo Ayers Bill Ethier Karen Dinnie-Smyth Andrew Plank EXECUTIVE

More information

Victoria Real Estate Market Continues to Sizzle in Summer Months. August , Victoria, BC

Victoria Real Estate Market Continues to Sizzle in Summer Months. August , Victoria, BC Victoria Real Estate Market Continues to Sizzle in Summer Months August 16, Victoria, BC A total of 97 properties sold in the Victoria Real Estate Board region this July, an increase of per cent compared

More information

Monthly Statistics Package July 2016

Monthly Statistics Package July 2016 Vancouver Island Real Estate Board Monthly Statistics Package July 2016 FOR IMMEDIATE RELEASE August 2, 2016 Home Sales a Bit Cooler in July But Significantly Higher Than Last Year NANAIMO, BC Home sales

More information

MonthlyStatistics MAY 2018

MonthlyStatistics MAY 2018 MonthlyStatistics MAY 2018 FOR IMMEDIATE RELEASE June 1, 2018 Single-Family Benchmark Price Surpasses $500,000 in May NANAIMO, BC The benchmark price of a single-family home in the VIREB area broke the

More information

MonthlyStatistics AUGUST 2018

MonthlyStatistics AUGUST 2018 MonthlyStatistics AUGUST 2018 FOR IMMEDIATE RELEASE September 4, 2018 Sales Bounce Back Slightly From July But Still Lower Than in 2017 NANAIMO, BC Sales of single-family homes in August were seven per

More information

MonthlyStatistics OCTOBER 2018

MonthlyStatistics OCTOBER 2018 MonthlyStatistics OCTOBER 2018 FOR IMMEDIATE RELEASE November 1, 2018 Prices Continue Rising Despite Moderating Sales NANAIMO, BC Sales of single-family homes in October were 11 per cent higher than in

More information

Monthly Statistics Package November 2015

Monthly Statistics Package November 2015 Vancouver Island Real Estate Board Monthly Statistics Package November 2015 FOR IMMEDIATE RELEASE December 1, 2015 November Sales Activity Up Significantly From One Year Ago NANAIMO, BC November sales

More information

MonthlyStatistics JULY 2018

MonthlyStatistics JULY 2018 MonthlyStatistics JULY 2018 FOR IMMEDIATE RELEASE August 1, 2018 Prices Continue to Sizzle in Summer Housing Market NANAIMO, BC Prices of single-family homes, apartments, and townhouses continue to rise

More information

MonthlyStatistics DECEMBER 2018

MonthlyStatistics DECEMBER 2018 MonthlyStatistics DECEMBER 2018 FOR IMMEDIATE RELEASE January 2, 2019 Housing Market in 2018 Performed as Expected NANAIMO, BC Sales of single-family homes in December dropped by 48 per cent from one year

More information

MonthlyStatistics MARCH 2017

MonthlyStatistics MARCH 2017 MonthlyStatistics MARCH 2017 FOR IMMEDIATE RELEASE April 3, 2017 Low Inventory Continues to Limit Vancouver Island Buyers NANAIMO, BC The Vancouver Island Real Estate Board (VIREB) reports that in March

More information

Monthly Statistics Package June 2015

Monthly Statistics Package June 2015 Vancouver Island Real Estate Board Monthly Statistics Package June 2015 FOR IMMEDIATE RELEASE July 2, 2015 Robust Housing Market Shows No Signs of Slowing Down NANAIMO, BC A robust provincial economy and

More information

Metro Vancouver home sales decline below historical averages in 2018

Metro Vancouver home sales decline below historical averages in 2018 News Release FOR IMMEDIATE RELEASE: Metro Vancouver home sales decline below historical averages in VANCOUVER, BC January 3, 2019 Metro Vancouver* home sales in were the lowest annual total in the region

More information

MonthlyStatistics JANUARY 2018

MonthlyStatistics JANUARY 2018 MonthlyStatistics JANUARY 2018 FOR IMMEDIATE RELEASE February 1, 2018 Sales Return to Seasonal Norms in January NANAIMO, BC Coming off the busiest December on record, sales in the VIREB area returned to

More information

MonthlyStatistics AUGUST 2017

MonthlyStatistics AUGUST 2017 MonthlyStatistics AUGUST 2017 FOR IMMEDIATE RELEASE September 1, 2017 VIREB Housing Market Continues to Sizzle NANAIMO, BC The Vancouver Island Real Estate Board (VIREB) reports that single-family home

More information

MonthlyStatistics DECEMBER 2017

MonthlyStatistics DECEMBER 2017 MonthlyStatistics DECEMBER 2017 FOR IMMEDIATE RELEASE January 2, 2018 VIREB Posts the Strongest December on Record NANAIMO, BC The Vancouver Island Real Estate Board (VIREB) reports that on a seasonally

More information

MonthlyStatistics MARCH 2018

MonthlyStatistics MARCH 2018 MonthlyStatistics MARCH 2018 FOR IMMEDIATE RELEASE April 3, 2018 Sales Down From 2017 But Prices Still Rising Due to Limited Inventory NANAIMO, BC Sales of single-family homes, apartments, and townhouses

More information

Home sale and listing activity dip below historical averages in October

Home sale and listing activity dip below historical averages in October News Release FOR IMMEDIATE RELEASE: Home sale and listing activity dip below historical averages in VANCOUVER, BC November 2, Reduced home sale and listing activity are changing market dynamics in communities

More information

Monthly Indicators % + 9.7% %

Monthly Indicators % + 9.7% % Monthly Indicators 2016 Percent changes calculated using year-over-year comparisons. New Listings were up 11.1 percent for single family homes and down 30.8 percent for townhouse-condo properties. Pending

More information

MONTHLY STATISTICS PACKAGE

MONTHLY STATISTICS PACKAGE MONTHLY STATISTICS PACKAGE FEBRUARY 2019 FOR IMMEDIATE RELEASE March 1, 2019 Guideline B-20 Continues to Dampen Housing Sales NANAIMO, BC Sales of single-family homes in February board-wide dipped by 28

More information

Condominiums and townhomes in high demand across Metro Vancouver

Condominiums and townhomes in high demand across Metro Vancouver News Release FOR IMMEDIATE RELEASE: Condominiums and townhomes in high demand across Metro Vancouver VANCOUVER, BC May 2, Demand for condominiums and townhomes continues to drive the Metro Vancouver* housing

More information

VANCOUVER, BC December 2, 2016 Home buyer and seller activity remains near historical averages in the Metro Vancouver* housing market.

VANCOUVER, BC December 2, 2016 Home buyer and seller activity remains near historical averages in the Metro Vancouver* housing market. News Release FOR IMMEDIATE RELEASE: Home sales and listings just below 10-year average VANCOUVER, BC December 2, Home buyer and seller activity remains near historical averages in the Metro Vancouver*

More information

Home sales down, listings up across Metro Vancouver

Home sales down, listings up across Metro Vancouver News Release FOR IMMEDIATE RELEASE: Home sales down, listings up across Metro Vancouver VANCOUVER, BC May 2, The Metro Vancouver* housing market saw fewer home buyers and more home sellers in. The Real

More information

News Release FOR IMMEDIATE RELEASE:

News Release FOR IMMEDIATE RELEASE: News Release FOR IMMEDIATE RELEASE: sales exceed historical average VANCOUVER, BC November 2, Metro Vancouver* home sales exceeded typical historical levels in with the majority concentrated in the townhouse

More information

Fewer home sales and listings in the first quarter of 2018

Fewer home sales and listings in the first quarter of 2018 News Release FOR IMMEDIATE RELEASE: Fewer home sales and listings in the first quarter VANCOUVER, BC April 4, Home buyers and sellers were less active in Metro Vancouver* throughout the first quarter.

More information

Monthly Indicators + 4.8% - 3.5% %

Monthly Indicators + 4.8% - 3.5% % Monthly Indicators 2015 New Listings were up 45.0 percent for single family/duplex homes but decreased 44.1 percent for townhouse-condo properties. Pending Sales increased 14.3 percent for single family/duplex

More information

Steady sales and diminished listings characterize 2017 for the Metro Vancouver housing market

Steady sales and diminished listings characterize 2017 for the Metro Vancouver housing market News Release FOR IMMEDIATE RELEASE: Steady sales and diminished listings characterize for the Metro Vancouver housing market VANCOUVER, BC January 3, 2018 After reaching record levels in 2015 and 2016,

More information

MonthlyStatistics APRIL 2018

MonthlyStatistics APRIL 2018 MonthlyStatistics APRIL 2018 FOR IMMEDIATE RELEASE May 1, 2018 Sales Holding Steady Amid Rising House Prices NANAIMO, BC Sales of single-family homes in the VIREB area rose by 20 per cent month over month

More information

Home sales remain at record levels across Metro Vancouver

Home sales remain at record levels across Metro Vancouver News Release FOR IMMEDIATE RELEASE: Home sales remain at record levels across Metro Vancouver VANCOUVER, BC May 3, Last month was the highest selling on record for Metro Vancouver.* Residential property

More information

MonthlyStatistics NOVEMBER 2017

MonthlyStatistics NOVEMBER 2017 MonthlyStatistics NOVEMBER 2017 FOR IMMEDIATE RELEASE December 1, 2017 Lack of Inventory Continues to Drive Housing Market NANAIMO, BC The Vancouver Island Real Estate Board (VIREB) reports that single-family

More information

Monthly Indicators % % - 3.5%

Monthly Indicators % % - 3.5% Monthly Indicators 2017 New Listings were up 6.3 percent for the category but decreased 33.1 percent for the category. Pending Sales increased 5.0 percent for but decreased 1.3 percent for. The Median

More information

News Release FOR IMMEDIATE RELEASE:

News Release FOR IMMEDIATE RELEASE: News Release FOR IMMEDIATE RELEASE: Home buyer demand stays below historical averages in VANCOUVER, BC September 5, The Metro Vancouver 1 housing market continues to experience reduced demand across all

More information

MonthlyStatistics FEBRUARY 2018

MonthlyStatistics FEBRUARY 2018 MonthlyStatistics FEBRUARY 2018 FOR IMMEDIATE RELEASE March 1, 2018 Buoyant Sellers Market Continues NANAIMO, BC Last month, 316 single-family homes sold on the Multiple Listing Service (MLS ) System compared

More information

MonthlyStatistics OCTOBER 2017

MonthlyStatistics OCTOBER 2017 MonthlyStatistics OCTOBER 2017 FOR IMMEDIATE RELEASE November 1, 2017 Buyer Demand and Low Inventory Driving Brisk Housing Market NANAIMO, BC The Vancouver Island Real Estate Board (VIREB) reports that

More information

Low supply continues to limit Metro Vancouver home buyers

Low supply continues to limit Metro Vancouver home buyers News Release FOR IMMEDIATE RELEASE: Low supply continues to limit Metro Vancouver home buyers VANCOUVER, BC March 2, Reluctance amongst Metro Vancouver* home sellers is impacting sale and price activity

More information

CALGARY REGIONAL HOUSING MARKET STATISTICS 12.14

CALGARY REGIONAL HOUSING MARKET STATISTICS 12.14 CALGARY REGIONAL HOUSING MARKET STATISTICS 12.14 Yearly records set as monthly sales see slight decline Condominium and townhouse sales set a new record for 214 Calgary, January 2, 215 It was a record

More information

Housing market conditions continue to favour home buyers

Housing market conditions continue to favour home buyers News Release FOR IMMEDIATE RELEASE: Housing market conditions continue to favour home buyers VANCOUVER, BC March 4, The Metro Vancouver* housing market saw increased supply from home sellers and below

More information

News Release FOR IMMEDIATE RELEASE:

News Release FOR IMMEDIATE RELEASE: News Release FOR IMMEDIATE RELEASE: Home buyers remain active across Metro Vancouver VANCOUVER, BC July 5, Home buyers continue to compete for homes listed for sale across the Metro Vancouver housing market.

More information

Home listings at four-year October high as sales remain below typical levels

Home listings at four-year October high as sales remain below typical levels News Release FOR IMMEDIATE RELEASE: Home listings at four-year high as sales remain below typical levels VANCOUVER, BC November 2, Home sale activity across Metro Vancouver* remained below long-term historical

More information

Monthly Indicators % % %

Monthly Indicators % % % Monthly Indicators 2016 Percent changes calculated using year-over-year comparisons. New Listings were down 27.6 percent for single family homes and 41.8 percent for townhouse-condo properties. Pending

More information

Metro Vancouver housing market off to a quieter start than last year

Metro Vancouver housing market off to a quieter start than last year News Release FOR IMMEDIATE RELEASE: Metro Vancouver housing market f to a quieter start than last year VANCOUVER, BC February 2, 2017 Home sales and listings trends are below long-term averages in the

More information

Monthly Indicators + 7.3% + 6.6% + 8.3% Single-Family Market Overview Condo Market Overview New Listings Pending Sales.

Monthly Indicators + 7.3% + 6.6% + 8.3% Single-Family Market Overview Condo Market Overview New Listings Pending Sales. Monthly Indicators 2018 The three most prominent national market trends for residential real estate are the ongoing lack of abundant inventory, the steadily upward movement of home prices and year-over-year

More information

VANCOUVER, BC March 2, 2018 Metro Vancouver* home sales dipped below the longterm historical average in February.

VANCOUVER, BC March 2, 2018 Metro Vancouver* home sales dipped below the longterm historical average in February. News Release FOR IMMEDIATE RELEASE: Home buyers were less active in VANCOUVER, BC March 2, Metro Vancouver* home sales dipped below the longterm historical average in. The Real Estate Board Greater Vancouver

More information

Metro Vancouver continues to experience above-average demand and below-average supply

Metro Vancouver continues to experience above-average demand and below-average supply News Release FOR IMMEDIATE RELEASE: Metro Vancouver continues to experience above-average demand and below-average supply VANCOUVER, BC December 4, Metro Vancouver* saw modest home listing changes and

More information

October sales were 28.5 per cent below the 10-year October sales average of 2,700.

October sales were 28.5 per cent below the 10-year October sales average of 2,700. News Release Housing market sees slight changes in Vancouver, B.C. November 2, The Greater Vancouver housing market saw a slight increase in the number home sales, a slight reduction in the number listings,

More information

Metro Vancouver home buyers compete for fewer home listings

Metro Vancouver home buyers compete for fewer home listings News Release FOR IMMEDIATE RELEASE: Metro Vancouver home buyers compete for fewer home listings VANCOUVER, B.C. October 2, Conditions continue to favour home sellers across *Metro Vancouver s housing market.

More information

Home sale and listing activity reach historical norms in 2014

Home sale and listing activity reach historical norms in 2014 News Release FOR IMMEDIATE RELEASE: Home sale and listing activity reach historical norms in VANCOUVER, B.C. January 5, 2015 It was a typical year for the Metro Vancouver housing market in certain respects.

More information

Demand for homes continues to outpace supply in Metro Vancouver

Demand for homes continues to outpace supply in Metro Vancouver News Release FOR IMMEDIATE RELEASE: Demand for homes continues to outpace supply in Metro Vancouver VANCOUVER, BC April 4, A shortage residential property listings coupled with strong demand, particularly

More information

Last month s sales were 28.7 per cent below the 10-year June sales average.

Last month s sales were 28.7 per cent below the 10-year June sales average. News Release FOR IMMEDIATE RELEASE: Home seller supply grows as demand declines VANCOUVER, BC July 4, With home sale activity dipping below long-term historical averages, the supply homes for sale in Metro

More information

Reduced demand is allowing housing supply to accumulate

Reduced demand is allowing housing supply to accumulate News Release FOR IMMEDIATE RELEASE: Reduced demand is allowing housing supply to accumulate VANCOUVER, BC June 4, Home buyer demand continues to decline across the Metro Vancouver* housing market. The

More information

News Release FOR IMMEDIATE RELEASE:

News Release FOR IMMEDIATE RELEASE: News Release FOR IMMEDIATE RELEASE: Demand remains elevated across the Metro Vancouver housing market VANCOUVER, BC June 2, Metro Vancouver* homes continue to sell at an unprecedented rate in communities

More information

October sales were 28.5 per cent below the 10-year October sales average of 2,700.

October sales were 28.5 per cent below the 10-year October sales average of 2,700. News Release Housing market sees slight changes in Vancouver, B.C. November 2, The Greater Vancouver housing market saw a slight increase in the number home sales, a slight reduction in the number listings,

More information

Home buyer demand depends on property type

Home buyer demand depends on property type News Release FOR IMMEDIATE RELEASE: Home buyer demand depends on property type VANCOUVER, BC February 2, Attached and apartment homes are in demand across Metro Vancouver* while detached home buyers are

More information

Monthly Indicators % % %

Monthly Indicators % % % Monthly Indicators 2018 Percent changes calculated using year-over-year comparisons. New Listings were down 12.9 percent for single family homes and 21.3 percent for townhouse-condo properties. Pending

More information

Spring delivers greater balance to Greater Vancouver housing market

Spring delivers greater balance to Greater Vancouver housing market News Release FOR IMMEDIATE RELEASE: Spring delivers greater balance to Greater Vancouver housing market VANCOUVER, B.C. May 2, A closer relationship between home buyer demand and the supply homes for sale

More information

Metro Vancouver home sales surpass 4,000 for third consecutive month

Metro Vancouver home sales surpass 4,000 for third consecutive month News Release FOR IMMEDIATE RELEASE: Metro Vancouver home sales surpass 4,000 for third consecutive month VANCOUVER, B.C. June 2, It continues to be a competitive spring market for Metro Vancouver home

More information

News Release FOR IMMEDIATE RELEASE:

News Release FOR IMMEDIATE RELEASE: News Release FOR IMMEDIATE RELEASE: Demand for condominiums continues to outstrip supply VANCOUVER, BC July 5, The imbalance between supply and demand in the condominium market is creating home buyer competition

More information

MLS of Greater Cincinnati - Charts for the Month: November 2017

MLS of Greater Cincinnati - Charts for the Month: November 2017 MLS of Greater Cincinnati - Charts for the Month: November 2017 The following charts provide an overview of what has occurred in the MLS over the past month. Each chart provides a historical trend. The

More information

Aug. Aug 2018 ust 2018

Aug. Aug 2018 ust 2018 August 18 MONTHLY STATISTICS PACKAGE City of Calgary Unemployment rate slows housing market recovery 18 City of Calgary, September, 18 Easing sales, gains in new listings and elevated inventory levels

More information

Monthly Indicators % % - 9.2%

Monthly Indicators % % - 9.2% Monthly Indicators 2016 New Listings were down 1.4 percent for single family/duplex homes and 25.0 percent for townhouse-condo properties. Pending Sales increased 58.3 percent for single family/duplex

More information

News Release FOR IMMEDIATE RELEASE:

News Release FOR IMMEDIATE RELEASE: News Release FOR IMMEDIATE RELEASE: Metro Vancouver sees fewer home sales and more listings in VANCOUVER, BC August 2, Home buyer activity returned to more typical summer levels in Metro Vancouver* last

More information

Dec December 2018

Dec December 2018 December MONTHLY STATISTICS PACKAGE Job market weakness and lending restrictions a common thread in s housing market, January, 19 As oversupply continues in Calgary s housing market, December prices eased

More information

News Release FOR IMMEDIATE RELEASE:

News Release FOR IMMEDIATE RELEASE: News Release FOR IMMEDIATE RELEASE: Market activity picks up in VANCOUVER, BC June 2, Home buyer activity returned to near record levels across the Metro Vancouver* housing market in. Residential property

More information

O O ct ct ober 2017

O O ct ct ober 2017 October Status Quo for Calgary's Housing Market Prices remain similar to last year, but ease in October., November 1, 17 October s housing market conditions closely echoed previous month s trends with

More information

July home sale activity increases in Greater Vancouver

July home sale activity increases in Greater Vancouver News Release home sale activity increases in Greater Vancouver VANCOUVER, B.C. August 2, Sunny weather did not slow the pace home sale activity in. Last month was the highest selling month the year in

More information

Last month s sales were the second lowest February total in the region since 2001 and 30.9 per cent below the 10-year sales average for the month.

Last month s sales were the second lowest February total in the region since 2001 and 30.9 per cent below the 10-year sales average for the month. News Release FOR IMMEDIATE RELEASE: Home sales continue at below average pace VANCOUVER, B.C. March 4, Home sale activity has trended below historical averages for a full year in the Greater Vancouver

More information

News Release FOR IMMEDIATE RELEASE:

News Release FOR IMMEDIATE RELEASE: News Release FOR IMMEDIATE RELEASE: Spring months bring balance to Greater Vancouver housing market VANCOUVER, B.C. June 4, While the number home sales in Greater Vancouver continued to trend below the

More information

Greater Vancouver residential property sale and listing activity below 10-year averages in November

Greater Vancouver residential property sale and listing activity below 10-year averages in November News Release Greater Vancouver residential property sale and listing activity below 10-year averages in Vancouver, B.C. December 4, Over the past six months, the Greater Vancouver housing market has seen

More information

Last month s sales were 33.5 per cent above the 10-year sales average for the month.

Last month s sales were 33.5 per cent above the 10-year sales average for the month. News Release FOR IMMEDIATE RELEASE: Summer heat doesn t slow home buyer activity VANCOUVER, B.C. August 5, Metro Vancouver home sales were more than a third above the 10-year average in, while the number

More information

MONTHLY STATISTICS PACKAGE. City of Calgary. May creb.com

MONTHLY STATISTICS PACKAGE. City of Calgary. May creb.com MONTHLY STATISTICS PACKAGE City of Calgary May 1 creb.com Housing supply swells in cool spring market MONTHLY STATISTICS PACKAGE City of Calgary May 1 City of Calgary, June 1, 1 Calgary s housing inventory

More information

Prospective home buyers remain on the sidelines in March

Prospective home buyers remain on the sidelines in March News Release FOR IMMEDIATE RELEASE: Prospective home buyers remain on the sidelines in VANCOUVER, BC April 2, Metro Vancouver* home sales dipped to the lowest levels seen in in more than three decades.

More information

AAug ugust 2017

AAug ugust 2017 August 17 17 Housing recovery a balancing act Growth in new listings outpaced sales preventing inventory declines City of Calgary, September 1, 17 Sales posted a modest gain in August, but a rise in new

More information

Demand down with net migration

Demand down with net migration July 1 Demand down with net migration City of Calgary, August, 1 In step with City census data on declining net migration levels, housing sales activity totaled 1,71 units in July, a 1. per cent decrease

More information

Metro Vancouver homes sales down across all property types

Metro Vancouver homes sales down across all property types News Release FOR IMMEDIATE RELEASE: Metro Vancouver homes sales down across all property types VANCOUVER, BC December 4, Home buyer demand remains below long-term historical averages in the Metro Vancouver*

More information

Home sale and listing activity continue to chart a steady path for the region s housing market

Home sale and listing activity continue to chart a steady path for the region s housing market News Release FOR IMMEDIATE RELEASE: Home sale and listing activity continue to chart a steady path for the region s housing market VANCOUVER, B.C. April 2, home sales in Greater Vancouver outpaced last

More information

News Release FOR IMMEDIATE RELEASE:

News Release FOR IMMEDIATE RELEASE: News Release FOR IMMEDIATE RELEASE: Home buyers remain active despite reduced selection VANCOUVER, B.C. February 3, 2015 The first month 2015 saw home sale activity above historical norms, while the number

More information

New year kicks off with slow sales Jan. 2019

New year kicks off with slow sales Jan. 2019 January 19 19 MONTHLY STATISTICS PACKAGE New year kicks off with slow sales 19, February 1, 19 As economic challenges linger into 19, housing markets remain on a sluggish pace. January sales totalled 8

More information

News Release FOR IMMEDIATE RELEASE:

News Release FOR IMMEDIATE RELEASE: News Release FOR IMMEDIATE RELEASE: Metro Vancouver home sales set record pace in VANCOUVER, B.C. July 3, Last month was the highest selling, and the second highest overall monthly total, on record for

More information

A A p p r ril 2017

A A p p r ril 2017 April 17 17 Housing market retains momentum in April Citywide prices hold steady as labour market improves City of Calgary, May 1, 17 Calgary s housing market continued to show signs of stability in April.

More information

Home sale activity improves but remains below historical averages

Home sale activity improves but remains below historical averages News Release FOR IMMEDIATE RELEASE: Home sale activity improves but remains below historical averages VANCOUVER, B.C. April 3, Lower levels both supply and demand in recent months are holding home prices

More information

A heated year for Metro Vancouver real estate draws to a close

A heated year for Metro Vancouver real estate draws to a close News Release FOR IMMEDIATE RELEASE: A heated year for Metro Vancouver real estate draws to a close VANCOUVER, BC January 4, 2017 The Metro Vancouver* housing market had its third highest selling year on

More information

News Release FOR IMMEDIATE RELEASE

News Release FOR IMMEDIATE RELEASE News Release FOR IMMEDIATE RELEASE Greater Vancouver housing market hits summer lull VANCOUVER, B.C. August 2, Residential property sales in Greater Vancouver remained at a 10-year low in, while the number

More information

Steady trends continue in the Greater Vancouver housing market

Steady trends continue in the Greater Vancouver housing market News Release FOR IMMEDIATE RELEASE: Steady trends continue in the Greater Vancouver housing market VANCOUVER, B.C. February 4, 2014 The first month 2014 saw home sale and listing totals outpace historical

More information

Housing market feels the chill as oversupply continues Feb. 2019

Housing market feels the chill as oversupply continues Feb. 2019 February 19 19 MONTHLY STATISTICS PACKAGE Housing market feels the chill as oversupply continues 19, March 1, 19 The effects of Calgary s economic climate continue to create weak sales activity and elevated

More information

Sep September 2018

Sep September 2018 18 September 18 MONTHLY STATISTICS PACKAGE City of Calgary Persistent buyers market continues 18 City of Calgary, October 1, 18 With no change in the economic climate, Calgary s sales activity totaled

More information

May 2008 MLS Month in Review

May 2008 MLS Month in Review May 28 MLS Month in Review The Albuquerque Market continues to improve, and it s evident that finally, the negative media is turning into positive media. This month s TOP Selling Price Range is $2K to

More information

Weak sales persist in Calgary and beyond Jun. 2018

Weak sales persist in Calgary and beyond Jun. 2018 June 218 MONTHLY STATISTICS PACKAGE City of Calgary Weak sales persist in Calgary and beyond 218 City of Calgary, July 3, 218 Many Canadian energyrelated municipalities within Alberta and Saskatchewan

More information

Housing Bulletin Monthly Report

Housing Bulletin Monthly Report December 21 1 Housing Bulletin Monthly Report Alberta Housing Starts Fall in November 21 Canada Housing Starts 25 2 15 1 5 8 NOV 8 DEC 8 Preliminary Housing Starts in Alberta* and Canada* November 28 to

More information

Competition continues to drive Metro Vancouver s housing market

Competition continues to drive Metro Vancouver s housing market News Release FOR IMMEDIATE RELEASE: Competition continues to drive Metro Vancouver s housing market VANCOUVER, B.C. September 2, Metro Vancouver* home buyers spent the summer months searching for their

More information

News Release FOR IMMEDIATE RELEASE

News Release FOR IMMEDIATE RELEASE News Release FOR IMMEDIATE RELEASE Greater Vancouver housing market trends near long-term averages as spring market approaches VANCOUVER, B.C. March 2, Closer alignment between home buyer and seller activity

More information

News Release FOR IMMEDIATE RELEASE:

News Release FOR IMMEDIATE RELEASE: News Release FOR IMMEDIATE RELEASE: More supply and less demand seen across Metro Vancouer housing market VANCOUVER, BC October 2, The supply homes for sale continued to increase across the Metro Vancouer*

More information

Patience required in Calgary's housing market recovery Jul. 2018

Patience required in Calgary's housing market recovery Jul. 2018 July 18 MONTHLY STATISTICS PACKAGE City of Calgary Patience required in Calgary's housing market recovery 18 City of Calgary, August 1, 18 Recent struggles in the job market, accompanied by yet another

More information

Phone: Fax: Commissioners Road, W. London, Ontario N6J 1Y3 STATISTICAL REPORT. (for month ending July 31, 2017)

Phone: Fax: Commissioners Road, W. London, Ontario N6J 1Y3 STATISTICAL REPORT. (for month ending July 31, 2017) Phone: 519-641-1400 Fax: 519-641-1419 342 Commissioners Road, W. London, Ontario N6J 1Y3 STATISTICAL REPORT (for month ending July 31, 2017) Table of Contents News Release for July 2017 3 Market Report

More information

News Release FOR IMMEDIATE RELEASE

News Release FOR IMMEDIATE RELEASE News Release FOR IMMEDIATE RELEASE Home sales remain steady in Greater Vancouver VANCOUVER, B.C. November 2, Greater Vancouver home sales have remained steady over the past four months, indicating stability

More information

MONTHS OF SUPPLY AND PRICE CHANGES. Home improvement November marks a rise in sales. MONTHLY STATISTICS PACKAGE City of Calgary. Nov.

MONTHS OF SUPPLY AND PRICE CHANGES. Home improvement November marks a rise in sales. MONTHLY STATISTICS PACKAGE City of Calgary. Nov. November 17 17 Home improvement November marks a rise in sales. City of Calgary, December 1, 17 The November housing market was spurred by a rise in sales, particularly in the lower price ranges. Sales

More information

News Release FOR IMMEDIATE RELEASE

News Release FOR IMMEDIATE RELEASE News Release FOR IMMEDIATE RELEASE Housing market factors indicate stability in recent months VANCOUVER, B.C. October 4, home sales in Greater Vancouver were consistent with activity experienced in the

More information

NOVEMBER 2018 Harrisonburg & Rockingham County Real Estate Market Report

NOVEMBER 2018 Harrisonburg & Rockingham County Real Estate Market Report NOVEMBER 218 Real Estate Market Report An analysis of real estate activity through October 31, 218 provided courtesy of Scott P. Rogers, Funkhouser Real Estate Group Custom-Built Highland Park Home with

More information