Your search results

MLS Real Estate Statisics for Lower Mainland

Posted by admin on June 6, 2017
| 0
News Release FOR IMMEDIATE RELEASE: Market activity picks up in May VANCOUVER, BC – June 2, 2017 – Home buyer activity returned to near record levels across the Metro Vancouver* housing market in May. Residential property sales in the region totalled 4,364 in May 2017, a decrease of 8.5 per cent from the 4,769 sales in May 2016, an all-time record, and an increase of 22.8 per cent compared to April 2017 when 3,553 homes sold. Last month’s sales were 23.7 per cent above the 10-year May sales average and is the thirdhighest selling May on record. “Demand for condominiums and townhomes is driving today’s activity,” Jill Oudil, Real Estate Board of Greater Vancouver (REBGV) president said. “First-time buyers and people looking to downsize from their single-family homes are both competing for these two types of housing.” New listings for detached, attached and apartment properties in Metro Vancouver totalled 6,044 in May 2017. This represents a 3.9 per cent decrease compared to the 6,289 units listed in May 2016 and a 23.2 per cent increase compared to April 2017 when 4,907 homes were listed. The month-over-month increase in new listings was led by detached homes at 27.1 per cent, followed by apartments at 22.7 per cent and townhomes at 14.1 per cent. The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 8,168, a 5.7 per cent increase compared to May 2016 (7,726) and a 4.5 per cent increase compared to April 2017 (7,813). Read More There are no properties at this time
  • Book An Appointment To View This Property

  • Sell Your Home For Top Dollar

    REMAX Lifestyles Realty

    Jim Williams-Peter Dushop have five decades of experience selling real estate. Whether you are buying or selling real estate, they have the right experience for you to lean on! Selling or Buying call or text 604 463 2200 . Selling? List Your Home For Sale Here!