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Real Estate Inventory Down And Prices Still Rising!

Posted by admin on June 10, 2017
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Prices are not rising dramatically but they are in a steady upward climb in Greater Vancouver area. All types of real estate is affected including homes, condos, townhouses, acreages and farms specifically in Maple Ridge, Pitt Meadows, Mission, Langley and Abbotsford. If you are selling, the real estate market needs your home. For a Free Market Evaluation or to list you home on the MLS contact Jim Williams  REMAX Lifestyles Realty 604 463 2200 or Click Here!

 

May 2017 HPI Report

 

Property Type

Area

Benchmark Price

Price Index

1 Month Change %

3 Month Change %

6 Month Change %

1 Year Change %

3 Year Change %

5 Year Change %

10 Year Change %

Residential / Composite

Lower Mainland

$867,500

244.6

2.8%

6.9%

6.8%

10.3%

55.1%

55.6%

79.1%

Greater Vancouver

$967,500

253.2

2.8%

6.7%

6.5%

8.8%

54.7%

55.0%

85.6%

Bowen Island

$870,800

188.8

-0.9%

6.1%

7.0%

20.6%

49.1%

39.3%

41.7%

Burnaby East

$900,600

248.6

3.8%

7.4%

7.7%

5.7%

53.6%

56.8%

81.7%

Burnaby North

$830,100

249.5

2.0%

5.3%

7.5%

11.4%

55.4%

58.5%

83.5%

Burnaby South

$929,800

262.8

2.5%

5.8%

9.4%

14.7%

58.2%

59.8%

94.7%

Coquitlam

$818,800

243.0

3.4%

9.5%

8.8%

8.2%

57.1%

60.4%

80.0%

Ladner

$801,600

222.8

0.7%

3.5%

-1.6%

-2.7%

48.8%

43.2%

71.4%

Maple Ridge

$610,600

206.3

3.6%

7.1%

6.4%

14.2%

56.6%

55.6%

55.5%

New Westminster

$584,900

249.1

4.1%

8.5%

11.1%

16.1%

55.4%

56.1%

76.2%

North Vancouver

$1,035,800

233.7

3.0%

6.9%

5.3%

8.4%

54.2%

55.8%

75.8%

Pitt Meadows

$601,200

219.9

3.4%

7.6%

6.9%

18.4%

55.0%

60.5%

60.6%

Port Coquitlam

$647,300

229.4

4.7%

10.0%

12.3%

12.9%

58.2%

57.9%

67.2%

Port Moody

$832,900

230.3

3.4%

8.2%

8.9%

11.0%

56.1%

63.1%

71.1%

Richmond

$913,500

264.7

2.9%

5.9%

6.4%

7.7%

56.1%

52.8%

96.5%

Squamish

$701,300

228.6

1.0%

5.7%

11.8%

21.7%

75.0%

80.3%

83.9%

Sunshine Coast

$538,600

188.7

0.4%

6.4%

9.6%

20.5%

51.9%

46.2%

41.5%

Tsawwassen

$950,900

238.2

0.7%

5.2%

-0.7%

-1.4%

55.5%

53.9%

82.0%

Vancouver East

$1,027,300

300.9

2.9%

7.9%

6.4%

10.3%

60.1%

66.3%

114.3%

Vancouver West

$1,283,500

270.5

2.5%

6.1%

4.6%

6.1%

51.5%

52.7%

94.0%

West Vancouver

$2,597,000

278.7

3.5%

5.4%

3.5%

0.2%

55.0%

57.2%

100.6%

Whistler

$792,000

184.0

-0.3%

3.6%

10.9%

18.3%

72.9%

63.6%

51.3%

Single Family Detached

Lower Mainland

$1,267,500

269.2

2.9%

6.0%

4.3%

5.2%

60.8%

62.5%

100.0%

Greater Vancouver

$1,561,000

287.9

2.9%

5.9%

3.3%

3.1%

61.2%

61.0%

113.1%

Bowen Island

$870,800

188.8

-0.9%

6.1%

7.0%

20.6%

49.1%

39.3%

41.7%

Burnaby East

$1,237,800

276.8

3.2%

6.7%

5.6%

0.0%

60.7%

61.3%

107.0%

Burnaby North

$1,563,200

302.3

2.3%

4.2%

2.8%

-0.6%

59.9%

65.9%

124.3%

Burnaby South

$1,682,600

322.1

3.1%

2.8%

2.5%

5.2%

66.8%

67.6%

140.9%

Coquitlam

$1,231,200

273.2

3.7%

9.9%

5.9%

3.7%

64.4%

71.3%

104.6%

Ladner

$972,000

234.3

0.4%

2.5%

-4.4%

-5.3%

55.5%

48.5%

80.9%

Maple Ridge

$760,300

216.6

3.7%

7.0%

6.5%

13.5%

62.7%

63.7%

67.5%

New Westminster

$1,093,200

271.2

3.1%

6.5%

6.5%

1.3%

61.0%

59.1%

103.0%

North Vancouver

$1,656,500

263.7

3.6%

6.4%

1.9%

3.0%

66.3%

68.2%

99.9%

Pitt Meadows

$824,400

232.3

3.6%

6.9%

3.8%

13.1%

64.3%

65.6%

74.7%

Port Coquitlam

$967,600

258.1

5.6%

12.5%

12.0%

6.8%

68.9%

71.5%

93.9%

Port Moody

$1,430,100

264.1

4.6%

6.5%

4.0%

5.7%

57.7%

69.5%

96.4%

Richmond

$1,634,800

327.9

2.9%

4.7%

1.5%

-0.5%

68.3%

59.9%

140.2%

Squamish

$880,500

234.1

2.8%

8.6%

11.2%

20.7%

64.5%

71.8%

86.1%

Sunshine Coast

$535,500

187.6

0.6%

6.6%

9.6%

20.3%

51.8%

45.9%

40.7%

Tsawwassen

$1,209,400

260.4

0.5%

5.0%

-1.1%

-3.8%

63.0%

63.7%

99.2%

Vancouver East

$1,513,800

334.6

2.7%

6.2%

2.7%

3.9%

67.5%

75.6%

146.2%

Vancouver West

$3,588,300

368.4

2.6%

4.8%

1.9%

4.2%

60.7%

59.4%

154.1%

West Vancouver

$3,080,600

292.9

3.4%

4.9%

2.2%

-1.5%

53.1%

57.9%

110.4%

Whistler

$1,462,200

202.4

4.9%

7.3%

10.5%

19.2%

55.3%

68.7%

63.5%

HOW TO READ THE TABLE:

  • Benchmark Price: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.

     Image_002

  • Price Index: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales.

  • x Month/Year Change %: Percentage change of index over a period of x month(s)/year(s) *

    In January 2005, the indexes are set to 100.

    Townhome properties are similar to Attached properties, a category that was used in the previous MLSLink HPI, but do not included duplexes. The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN.

    Property Type

    Area

    Benchmark Price

    Price Index

    1 Month Change %

    3 Month Change %

    6 Month Change %

    1 Year Change %

    3 Year Change %

    5 Year Change %

    10 Year Change %

    Townhouse

    Lower Mainland

    $602,800

    218.2

    2.3%

    7.0%

    7.5%

    17.6%

    51.9%

    50.0%

    63.4%

    Greater Vancouver

    $715,400

    231.2

    1.9%

    5.9%

    7.2%

    13.1%

    51.9%

    52.3%

    73.6%

    Burnaby East

    $601,400

    215.7

    5.1%

    11.8%

    13.5%

    20.8%

    42.4%

    42.9%

    60.5%

    Burnaby North

    $567,400

    211.6

    0.4%

    5.2%

    5.9%

    17.2%

    37.6%

    42.5%

    55.0%

    Burnaby South

    $612,000

    219.6

    3.2%

    5.7%

    6.6%

    22.0%

    43.9%

    44.1%

    66.7%

    Coquitlam

    $565,100

    207.6

    1.9%

    7.2%

    10.7%

    8.1%

    44.9%

    47.7%

    56.4%

    Ladner

    $657,900

    218.0

    2.1%

    6.6%

    10.4%

    7.1%

    45.9%

    43.5%

    66.9%

    Maple Ridge

    $431,200

    209.5

    4.0%

    9.0%

    7.3%

    18.8%

    55.3%

    56.7%

    52.8%

    New Westminster

    $591,000

    222.0

    2.5%

    8.3%

    15.0%

    10.6%

    46.5%

    48.8%

    67.0%

    North Vancouver

    $917,500

    219.6

    3.3%

    7.4%

    9.1%

    14.9%

    52.2%

    52.4%

    67.9%

    Pitt Meadows

    $516,800

    223.6

    3.8%

    7.7%

    8.2%

    23.5%

    57.5%

    60.9%

    62.5%

    Port Coquitlam

    $574,100

    217.7

    3.1%

    7.3%

    9.1%

    15.3%

    53.3%

    51.0%

    60.0%

    Port Moody

    $561,000

    189.6

    2.6%

    8.7%

    8.0%

    3.7%

    36.2%

    37.9%

    41.2%

    Richmond

    $762,800

    246.6

    1.7%

    4.0%

    5.6%

    11.3%

    50.0%

    49.8%

    88.0%

    Squamish

    $726,400

    263.9

    -3.3%

    -0.4%

    15.7%

    26.2%

    105.4%

    133.3%

    119.6%

    Tsawwassen

    $648,800

    214.4

    2.7%

    5.2%

    8.4%

    6.4%

    48.4%

    39.5%

    64.2%

    Vancouver East

    $792,300

    261.2

    3.7%

    6.9%

    3.5%

    9.2%

    50.3%

    52.7%

    83.7%

    Vancouver West

    $1,154,200

    261.1

    2.6%

    7.9%

    6.0%

    11.5%

    58.7%

    62.6%

    95.9%

    Whistler

    $830,100

    222.0

    -4.9%

    -1.5%

    7.5%

    14.3%

    76.2%

    72.8%

    94.4%

    Apartment

    Lower Mainland

    $517,600

    226.0

    3.1%

    8.8%

    11.8%

    19.1%

    50.1%

    49.6%

    60.4%

    Greater Vancouver

    $571,300

    229.7

    3.1%

    8.6%

    11.6%

    17.8%

    50.5%

    50.7%

    65.4%

    Burnaby East

    $594,000

    225.5

    5.6%

    8.9%

    10.2%

    8.7%

    45.0%

    61.3%

    52.5%

    Burnaby North

    $539,300

    228.0

    2.2%

    7.1%

    13.3%

    25.8%

    56.7%

    57.8%

    66.4%

    Burnaby South

    $610,700

    245.2

    2.6%

    8.7%

    15.8%

    23.1%

    58.2%

    60.1%

    79.2%

    Coquitlam

    $397,100

    218.6

    3.6%

    10.6%

    15.7%

    21.4%

    56.3%

    52.0%

    57.7%

    Ladner

    $395,800

    187.6

    0.1%

    4.0%

    -1.2%

    3.4%

    28.8%

    24.2%

    42.6%

    Maple Ridge

    $225,700

    163.0

    3.3%

    7.9%

    9.8%

    20.7%

    34.9%

    23.5%

    13.2%

    New Westminster

    $430,000

    244.9

    4.7%

    9.6%

    13.2%

    25.3%

    54.4%

    56.1%

    69.0%

    North Vancouver

    $502,000

    204.3

    2.5%

    8.4%

    11.0%

    18.8%

    42.4%

    43.0%

    52.0%

    Pitt Meadows

    $338,700

    200.2

    2.8%

    9.3%

    10.3%

    22.3%

    40.5%

    54.8%

    39.0%

    Port Coquitlam

    $349,900

    207.4

    4.5%

    9.6%

    16.0%

    24.9%

    52.2%

    49.4%

    44.3%

    Port Moody

    $545,900

    227.5

    2.8%

    9.5%

    15.7%

    23.3%

    65.2%

    70.7%

    68.4%

    Richmond

    $522,900

    220.8

    4.1%

    9.9%

    16.3%

    26.2%

    48.3%

    48.3%

    63.1%

    Squamish

    $402,600

    193.9

    2.0%

    8.9%

    11.5%

    21.7%

    94.5%

    57.4%

    53.3%

    Tsawwassen

    $426,400

    179.8

    0.8%

    5.6%

    1.2%

    9.2%

    34.9%

    27.1%

    36.6%

    Vancouver East

    $496,800

    274.1

    3.4%

    11.3%

    13.5%

    23.1%

    55.1%

    59.9%

    86.8%

    Vancouver West

    $737,500

    238.7

    2.7%

    7.1%

    7.5%

    9.6%

    49.4%

    51.0%

    72.5%

    West Vancouver

    $1,033,000

    225.7

    4.2%

    10.4%

    15.7%

    21.3%

    76.3%

    59.1%

    64.3%

    Whistler

    $437,700

    143.5

    1.9%

    7.7%

    14.3%

    24.6%

    116.8%

    83.3%

    13.3%

    HOW TO READ THE TABLE:

  • Benchmark Price: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.

  • Price Index: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales.

  • x Month/Year Change %: Percentage change of index over a period of x month(s)/year(s)

Image_003

REMAX Lifestyles Realty

In January 2005, the indexes are set to 100. *

Townhome properties are similar to attached properties, a category that was used in the previous MLSLink HPI, but do not included duplexes. Lower Mainland includes areas serviced by both Real Estate Board of Greater Vancouver & Fraser Valley Real Estate Board.

The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN.

 

 

REMAX Lifestyles Realty-Jim Williams