Market Statistics - October 2016

(November 03, 2016 , posted in Market)

 

It's becoming more apparent that the malaise that has hit the single-family housing market is going to affect the market for at least a few months. Condo sales have still been pretty brisk, with some going in multiple offers. Generally, the buyers are taking a little more time to evaluate a property and aren't as driven by the "fear of missing out" or FOMO, as they were in the summer.

I have to say that this is a real blessing for many people as they are given more time to spend on the required due diligence once they have an accepted offer. Inspectors can breathe a sigh of relief as they once again are being hired for most deals.

Included below are the latest statistics for real estate in the REBGV (Real Estate Board of Greater Vancouver) and FVREB (Fraser Valley Real Estate Board) areas. You will find a clickable link to each area below which will open up as a separate PDF file.

Click on the links in red below for the statistics package for your area: 
(The links each take a few seconds to open as they are files stored on my Google Drive.) 

BURNABY/NEW WEST  Burnaby East   Burnaby North   Burnaby South   New Westminster    
TRI-CITIES  Coquitlam   Port Coquitlam   Port Moody    
VANCOUVER  Metro Vancouver   Vancouver East   Vancouver West
NORTH SHORE  North Vancouver   West Vancouver      
SOUTH FRASER/RICHMOND  Ladner   Tsawwassen   Richmond     
RIDGE MEADOWS   Pitt Meadows   Maple Ridge      
UP THE COAST/ISLAND  Bowen Island   Squamish   Sunshine Coast   Whistler

Here are the full statistic packages:

Fraser Valley  (which includes Surrey, North Surrey, South Surrey/White Rock, Cloverdale, Delta, Langley, Abbotsford, Chilliwack, and Mission.)

Below is a link to a graph showing the rise in prices in the Lower Mainland just for resale properties (no new homes) over the last year. This link is live so it will update when the new statistics come in each month.

Please feel free to contact us if you would like specific information for your sub-area or if you would like a market evaluation of the value of your home.