vancouver housing - April 2016
[WHAT]
- ] by Don Sagrott, founder@sospep.com - the Vancouver real estate market sets another all time record for this month. A review of the vancouver real estate board - april sales - press release.
[WHY]
- ] results -
- ] changes -
- ] trends -
[WHERE]
- ] READ THE FULL ARTICLE
- ] http://www.rebgv.org/news-statistics/home-sales-remain-record-levels-across-metro-vancouver
[WHEN]
- ] 2016-05-03
[EXAMPLE]
[DEMAND-SALES]
- x] record # of unit sales - 4,781
- x] increase of 14.4 % from April 2015
- ] decrease of xx% from previous month
- x] 41.7% > average 10 year sales for the month
[SUPPLY]
- x] 6,127 new listings up by 3.9% over April 2015, 2.4% decline over previous month
- ] 7,550 total listing, a 39.3 per cent decline compared to April 2015 (12,436) and a 2.6 per cent increase compared to March 2016 (7,358).
[PRICES]
- x] The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $844,800. This represents a 25.3 per cent increase compared to April 2015.
- x] Detached properties in April 2016 reached 1,979, an increase of 9 per cent from the 1,815 detached sales recorded in April 2015. The benchmark price for detached properties increased 30.1 per cent from April 2015 to $1,403,200.
- x] Apartment properties reached 2,107 in April 2016, an increase of 33.4 per cent compared to the 1,579 sales in April 2015.The benchmark price of an apartment property increased 20.6 per cent from April 2015 to $475,000.
- x] Attached property sales in March 2016 totalled 695, an decrease of 11.5 per cent compared to the 785 sales in April 2015. The benchmark price of an attached unit increased 22.1 per cent from April 2015 to $608,600.
- ] average price of a detached home IN now at 1.78M
[NOTE]
- ] greater vancouver sales of 5000+ units with population of 2.5M, greater toronto sales of 6000+ with population of 6M
- ] average selling price of a "detached" home ROSE after consecutive drops, down (-9K) from 2016-01 peak of 1,826,541
- -2015- $-SFD // ATT // APT
- ] 2015-01 - 1,303,256 +? // 566,893 // 468,872
- ] 2015-02 - 1,397,205 + // 605,972 // 447,806
- ] 2015-03 - 1,406,426 + // 635,035 // 465,225
- ] 2015-04 - 1,398,967 + // 634,168 // 457,729
- ***
- ] 2015-02 - 1,397,205 + // 605,972 // 447,806
- ] 2015-02 - 1,397,205 + // 605,972 // 447,806
- ] 2015-02 - 1,397,205 + // 605,972 // 447,806
- ] 2015-02 - 1,397,205 + // 605,972 // 447,806
- ] 2015-02 - 1,397,205 + // 605,972 // 447,806
- ] 2015-02 - 1,397,205 + // 605,972 // 447,806
- ***
- ] 2015-12 - 1,647,267 + // 658,777 // 498,022
- -2016- $-SFD // ATT // APT
- ] 2016-01 - 1,826,541 + // 721,252 // 517,147
- ] 2016-02 - 1,816,487 - // 747,069 // 530,915
- ] 2016-03 - 1,783,681 - // 769,754 // 563,518
- ] 2016-04 - 1,817,027 + // 771,321 // 528,685
[HOW-TO]
- ]
[REFERENCE]
- ] CREATE-article# 5107 (this)
- ]
"While we’re seeing more homes listed for sale in recent months, supply is still chasing this unprecedented surge of demand in our marketplace," Morrison said.
The sales-to-active listings ratio for April 2016 is 63.3 per cent. This is indicative of a seller’s market.
Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark, while home prices often experience upward pressure when it reaches the 20 to 22 per cent range in a particular community for a sustained period of time.