News Release FOR IMMEDIATE RELEASE:
Demand for condominiums continues to outstrip supply VANCOUVER, BC – July 5, 2017 – The imbalance between supply and demand in the condominium market is creating home buyer competition across Metro Vancouver*. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,893 in June 2017, an 11.5 per cent decrease from the 4,400 sales recorded in June 2016, an all-time record, and a decrease of 10.8 per cent compared to May 2017 when 4,364 homes sold. Last month’s sales were 14.5 per cent above the 10-year June sales average. “Two distinct markets have emerged this summer. The detached home market has seen demand ease back to more typical levels while competition for condominiums is creating multiple offer scenarios and putting upward pressure on prices for that property type,” Jill Oudil, REBGV president said. There were 5,721 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2017. This represents a 2.6 per cent decrease compared to the 5,875 homes listed in June 2016 and a 5.3 per cent decrease compared to May 2017 when 6,044 homes were listed. The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 8,515, a nine per cent increase compared to June 2016 (7,812) and a 4.2 per cent increase compared to May 2017 (8,168). “Home buyers have more selection to choose from in the detached market today while condominium listings are near an all-time low on the MLS®,” Oudil said. “Detached home listings have increased every month this year, while the number of condominiums for sale has decreased each month since February.” For all property types, the sales-to-active listings ratio for June 2017 is 45.7 per cent. By property type, the ratio is 24.5 per cent for detached homes, 62 per cent for townhomes, and 93.2 per cent for condominiums. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. “Market conditions will vary today depending on area and property type,” Oudil said. “It’s important to work with your local REALTOR® to help you understand the trends that are occurring in your community.”
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $998,700. This represents a 7.9 per cent increase over June 2016 and a 1.8 per cent increase compared to May 2017. Sales of detached properties in June 2017 reached 1,320, a decrease of 15.5 per cent from the 1,562 detached sales recorded in June 2016. The benchmark price for detached properties is $1,587,900. This represents a 1.4 per cent increase from June 2016 and a 1.1 per cent increase compared to May 2017. Sales of apartment properties reached 1,905 in June 2017, a decrease of 9.6 per cent compared to the 2,108 sales in June 2016. The benchmark price of an apartment property is $600,700. This represents a 17.6 per cent increase from June 2016 and a 2.9 per cent increase compared to May 2017. Attached property sales in June 2017 totalled 668, a decrease of 8.5 per cent compared to the 730 sales in June 2016. The benchmark price of an attached unit is $745,700. This represents a 10.7 per cent increase from June 2016 and a 0.6 per cent increase compared to May 2017. -30*Editor’s Note: Areas covered by the Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, Pitt Meadows, Maple Ridge, and South Delta. Updated July 7, 2017: MLS® Home Price Index 2017 update The national MLS® Home Price Index (MLS® HPI) operations group underwent an annual review of the model in June. This led to the following changes: • Neighbourhoods where home sales over the past three years totaled 12 or less have been removed from the model. Neighbourhoods where sales have increased to 20 or more over the past three years have been added. Historical MLS® HPI data has been recalculated to reflect these changes. • The benchmark property descriptions have also been updated to reflect current buying trends. The real estate industry is a key economic driver in British Columbia. In 2016, 39,943 homes changed ownership in the Board’s area, generating $2.5 billion in economic spin-off activity and an estimated 17,600 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancouver totalled $40 billion in 2016. The Real Estate Board of Greater Vancouver is an association representing more than 13,500 REALTORS® and their companies. The Board provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.rebgv.org.
For more information please contact: Craig Munn Manager, Communication Real Estate Board of Greater Vancouver 604.730.3146
[email protected]
June 2017
* Benchmark Price
Price Index
Residential / Composite Lower Mainland Greater Vancouver Bowen Island Burnaby East Burnaby North Burnaby South Coquitlam Ladner Maple Ridge New Westminster North Vancouver Pitt Meadows Port Coquitlam Port Moody Richmond Squamish Sunshine Coast Tsawwassen Vancouver East Vancouver West West Vancouver Whistler
$896,000 $998,700 $892,100 $917,100 $856,100 $957,300 $864,100 $824,800 $631,000 $601,600 $1,064,900 $617,000 $685,200 $848,000 $948,300 $719,100 $557,200 $958,800 $1,045,700 $1,328,400 $2,628,700 $815,000
252.8 261.1 193.4 255.1 258.5 270.4 256.3 231.5 212.2 257.9 239.3 225.7 241.7 234.4 276.9 230.2 195.2 240.8 306.2 280.1 282.6 179.2
1.9% 1.8% 2.4% 1.5% 1.5% 1.5% 2.0% 0.5% 2.0% 1.8% 1.4% 2.6% 2.2% 1.8% 1.4% -0.7% 3.4% 0.6% 1.7% 2.6% 1.8% -1.7%
7.2% 7.0% 4.7% 7.2% 5.4% 7.0% 8.6% 4.5% 7.2% 8.5% 6.6% 8.6% 9.4% 8.6% 6.9% 0.7% 7.0% 3.4% 7.2% 7.9% 5.4% -0.6%
10.3% 10.2% 8.2% 9.8% 10.4% 10.3% 13.5% 3.4% 10.2% 13.0% 9.4% 10.8% 15.7% 10.9% 9.0% 9.0% 12.5% 3.7% 9.9% 10.7% 6.8% 5.2%
9.5% 7.9% 15.8% 6.8% 8.8% 11.8% 9.8% -2.8% 13.7% 15.2% 6.5% 16.2% 14.5% 11.7% 6.9% 17.4% 20.0% -3.6% 8.2% 5.8% -1.9% 14.8%
58.3% 57.4% 52.0% 54.7% 56.0% 60.9% 63.5% 50.2% 58.0% 57.3% 55.2% 57.7% 64.1% 58.8% 59.2% 78.3% 56.3% 56.5% 61.5% 56.0% 52.1% 69.2%
60.3% 60.0% 42.8% 59.6% 61.5% 63.2% 68.4% 48.4% 58.1% 59.7% 59.3% 65.2% 65.9% 65.5% 59.8% 83.3% 49.9% 54.3% 68.2% 60.6% 58.7% 61.9%
82.4% 88.5% 42.2% 83.4% 86.6% 97.4% 88.2% 74.8% 58.6% 79.2% 77.0% 62.4% 73.9% 72.5% 102.6% 84.2% 43.8% 81.2% 114.9% 97.7% 96.8% 47.1%
Single Family Detached Lower Mainland Greater Vancouver Bowen Island Burnaby East Burnaby North Burnaby South Coquitlam Ladner Maple Ridge New Westminster North Vancouver Pitt Meadows Port Coquitlam Port Moody Richmond Squamish Sunshine Coast Tsawwassen Vancouver East Vancouver West West Vancouver Whistler
$1,291,600 $1,587,900 $892,100 $1,260,200 $1,574,100 $1,720,700 $1,256,700 $975,700 $776,100 $1,125,200 $1,690,600 $840,700 $990,500 $1,444,700 $1,650,100 $947,300 $553,500 $1,220,000 $1,534,100 $3,627,200 $3,127,100 $1,567,100
274.0 291.8 193.4 281.8 304.4 329.4 278.9 235.2 221.1 280.7 264.4 236.9 264.1 266.8 331.4 241.8 193.9 262.7 339.1 372.4 295.2 198.7
1.5% 1.1% 2.4% 1.8% 0.7% 2.3% 1.9% 0.4% 2.1% 1.3% 0.4% 2.0% 1.7% 1.1% 0.0% 1.9% 3.4% 0.9% 1.3% 1.1% 1.1% 1.3%
6.5% 6.0% 4.7% 8.6% 3.6% 6.7% 9.1% 3.0% 8.0% 7.9% 5.8% 8.6% 11.3% 7.1% 6.0% 3.3% 6.9% 3.4% 5.6% 4.8% 4.9% 1.7%
7.5% 6.7% 8.2% 8.2% 5.7% 6.1% 11.7% -0.5% 9.6% 8.6% 5.9% 9.3% 16.8% 6.8% 4.4% 12.1% 12.3% 3.0% 5.3% 5.3% 5.1% 10.8%
3.8% 1.4% 15.8% 0.8% -3.5% 2.8% 3.1% -6.4% 12.1% 2.8% 1.2% 10.5% 7.5% 4.7% -2.8% 18.5% 19.7% -4.1% 1.5% 2.3% -4.4% 15.9%
62.2% 61.7% 52.0% 60.2% 58.0% 69.2% 67.7% 53.9% 64.6% 60.6% 64.5% 65.2% 72.1% 61.0% 67.3% 76.6% 56.4% 65.0% 67.1% 60.5% 51.1% 59.7%
65.6% 64.0% 42.8% 65.7% 66.2% 69.5% 74.1% 52.4% 66.9% 63.6% 70.3% 69.6% 75.2% 70.7% 64.0% 82.2% 49.7% 64.7% 77.5% 64.4% 58.7% 67.8%
100.6% 112.5% 42.2% 106.1% 122.7% 143.1% 106.6% 79.5% 69.3% 104.4% 97.8% 75.6% 95.8% 95.7% 138.1% 91.4% 42.9% 98.7% 146.3% 150.3% 106.3% 64.1%
Property Type
Area
1 Month 3 Month 6 Month 1 Year 3 Year 5 Year 10 Year Change % Change % Change % Change % Change % Change % Change %
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)
*
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.
* MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association
1 of 14
June 2017
*
Property Type
Area
Benchmark Price
Price Index
1 Month 3 Month 6 Month 1 Year 3 Year 5 Year 10 Year Change % Change % Change % Change % Change % Change % Change %
Townhouse
Lower Mainland Greater Vancouver Burnaby East Burnaby North Burnaby South Coquitlam Ladner Maple Ridge New Westminster North Vancouver Pitt Meadows Port Coquitlam Port Moody Richmond Squamish Tsawwassen Vancouver East Vancouver West Whistler
$624,200 $745,700 $611,300 $688,000 $743,800 $617,400 $731,300 $471,300 $640,600 $938,300 $535,900 $591,400 $584,400 $766,200 $680,400 $731,900 $813,400 $1,211,600 $781,900
225.6 240.6 225.8 256.8 256.2 226.5 255.0 218.8 253.3 228.0 231.9 223.1 197.5 251.8 247.2 272.6 267.0 267.6 209.1
0.9% 0.6% 0.2% 2.0% 0.9% 1.4% 0.8% 1.4% 1.2% -1.0% 3.7% 1.5% 4.2% 0.9% -6.3% 4.2% 2.1% 0.8% -5.8%
6.1% 5.1% 4.8% 6.9% 9.5% 5.9% 9.5% 5.9% 5.4% 3.4% 9.3% 6.1% 11.9% 4.6% -8.1% 9.0% 9.4% 6.1% -8.0%
10.6% 9.9% 12.3% 15.8% 11.0% 12.9% 14.2% 13.7% 13.0% 10.9% 12.1% 9.8% 14.5% 7.6% 4.8% 17.7% 10.8% 9.8% -3.1%
13.6% 10.7% 18.2% 17.0% 17.6% 13.1% 11.2% 18.7% 10.8% 8.1% 19.8% 13.8% 6.8% 8.8% 16.2% 15.1% 5.4% 5.8% 6.8%
53.8% 53.6% 44.5% 55.2% 55.5% 53.2% 55.1% 55.1% 50.9% 52.4% 66.4% 55.8% 40.5% 52.0% 90.9% 64.0% 50.9% 56.0% 64.3%
52.8% 55.5% 43.6% 59.2% 59.3% 58.3% 56.8% 56.0% 55.5% 57.2% 66.4% 56.7% 42.3% 53.5% 121.5% 61.0% 54.2% 61.3% 65.8%
66.5% 77.7% 65.3% 81.7% 87.8% 71.2% 88.3% 59.4% 84.0% 71.9% 65.9% 63.4% 46.0% 89.8% 103.8% 101.3% 84.3% 92.5% 82.0%
Apartment
Lower Mainland Greater Vancouver Burnaby East Burnaby North Burnaby South Coquitlam Ladner Maple Ridge New Westminster North Vancouver Pitt Meadows Port Coquitlam Port Moody Richmond Squamish Tsawwassen Vancouver East Vancouver West West Vancouver Whistler
$548,700 $600,700 $604,200 $544,800 $617,700 $442,600 $397,500 $232,600 $440,900 $528,200 $348,700 $386,900 $554,500 $572,600 $413,400 $427,600 $507,700 $772,900 $1,168,000 $444,400
239.9 241.4 229.4 232.6 248.0 242.9 188.4 168.0 251.3 215.0 206.1 231.4 231.1 244.4 199.1 180.3 280.1 250.8 236.6 145.7
2.8% 2.9% 1.7% 2.2% 1.1% 2.6% 0.4% 3.1% 2.0% 3.8% 2.9% 3.3% 1.6% 3.6% 2.7% 0.3% 2.2% 3.6% 5.1% 1.5%
9.2% 9.3% 8.7% 7.0% 7.0% 9.8% 3.0% 7.4% 9.4% 9.2% 8.2% 9.7% 8.8% 10.1% 9.4% 3.7% 9.2% 10.3% 8.3% 8.0%
15.7% 15.4% 14.2% 14.4% 14.0% 17.9% 5.6% 11.7% 15.3% 15.2% 12.3% 18.9% 13.6% 18.3% 11.5% 6.7% 16.7% 15.2% 19.2% 10.8%
19.7% 17.6% 14.6% 22.3% 18.8% 23.4% -4.4% 22.4% 22.9% 16.6% 22.3% 27.6% 24.4% 27.2% 21.5% -1.5% 21.4% 10.5% 21.5% 26.6%
56.5% 56.0% 47.3% 55.9% 59.5% 65.8% 26.6% 35.7% 57.8% 47.1% 42.1% 62.5% 67.0% 56.8% 92.0% 32.8% 58.2% 57.3% 61.3% 115.5%
57.5% 58.3% 64.9% 60.6% 62.7% 68.0% 22.4% 28.8% 59.6% 48.0% 59.8% 63.9% 73.8% 60.4% 56.0% 25.9% 62.0% 61.3% 59.8% 79.7%
68.0% 71.4% 53.4% 67.1% 79.2% 73.5% 40.2% 14.9% 71.2% 56.3% 41.0% 57.6% 69.7% 77.9% 54.5% 34.2% 88.0% 79.4% 62.6% 13.5%
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) 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.
* MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association
2 of 14
Jun 2017 Apr 2017 Feb 2017 Dec 2016 Oct 2016 Aug 2016 Jun 2016 Apartment
Apr 2016 Feb 2016 Dec 2015 Oct 2015
Townhouse
Jun 2015 Apr 2015 Feb 2015 Dec 2014
Detached
Oct 2014 Aug 2014 Jun 2014 Apr 2014
Residential
Feb 2014 Dec 2013 Oct 2013 Aug 2013 Jun 2013 Apr 2013 Feb 2013 Dec 2012 Oct 2012 Aug 2012 60
110
160 Price Index
210
260
Jun 2012 310
Jan 2005 HPI = 100
C:\DATA\MonthEnd\Hpi\export\hi_res\gv-hpi2.tif
Greater Vancouver 5 Year Trend
Aug 2015
Median Selling Price
Number of Sales
Median Selling Price
Number of Sales
Median Selling Price
Number of Sales
Median Selling Price
Number of Sales
Median Selling Price
$1,628,000
$675,000
$430,000
Attached
Apartment
489
Attached
Detached
837
Detached
1,581
$519,500
Apartment
Apartment
$760,000
Attached
395
Attached
$1,600,000
510
Detached
Detached
$460,000
Apartment
1,235
$699,000
Apartment
$1,750,000
Attached
89
Attached
Detached
123
Detached
299
$579,000
Apartment
Apartment
$776,000
105
Attached
$1,673,500
116
Detached
Attached
$509,000
Apartment
Detached
$749,950
Attached
277
$1,650,000
Detached
Apartment
255
91
Attached
Apartment
103
Detached
2017
Coquit lam $362,700
$682,000
$1,250,000
903
350
1,003
$468,500
$730,000
$1,261,250
718
279
584
$426,500
$698,800
$1,244,000
168
49
158
$479,500
$741,500
$1,320,250
139
76
144
$480,000
$775,000
$1,350,000
143
50
127
Delta South $452,000
$680,000
$1,200,000
123
71
443
$519,400
$687,000
$1,100,000
114
89
301
n/a
$809,900
$1,197,500
14
25
71
n/a
n/a
$1,150,000
19
15
70
$532,500
n/a
$1,135,000
29
12
58
Islands - Gulf n/a
n/a
$421,500
0
0
40
n/a
n/a
$481,000
0
1
29
n/a
n/a
n/a
0
0
7
n/a
n/a
n/a
0
0
2
n/a
n/a
n/a
0
0
8
$229,900
$390,000
$715,000
361
457
1,303
$319,900
$469,900
$785,000
434
373
754
$250,500
$451,800
$776,000
59
92
234
$329,900
$480,000
$825,000
91
85
184
$329,900
$505,000
$830,000
81
72 128
36
32
$345,000
$550,000
$1,100,000
674
96
273
$445,000
$706,000
$1,148,000
678
120
141
$348,000
$585,000
$1,137,500
125
23
42
$452,500
$724,500
$1,180,000
166
24
37
$465,000
$744,500
$1,204,875
Maple R id g e/Pitt M eadow s 172
$460,000
$880,000
$1,660,000
780
311
858
$579,000
$984,000
$1,707,500
648
213
591
$472,500
$944,000
$1,670,000
146
43
154
$650,000
$1,001,200
$1,698,000
135
50
139
$576,250
$1,030,900
$1,683,500
128
47
122
North Vanco uver
Note: Median Selling Prices are not reported for areas with less than 20 sales or for the Gulf Islands
Year-to-date
Jan. Jun. 2016
Year-to-date
Jan. Jun. 2017
June 2016
May 2017
June 2017
Number of Sales
June 2017
24
Port C oquitla m $276,500
$530,000
$868,000
407
218
412
$352,900
$600,000
$932,500
300
174
269
$321,500
$555,000
$900,000
68
35
52
$369,950
$645,000
$992,000
60
43
68
$369,000
$663,000
$973,500
68
40
66
$442,000
$620,000
$1,294,950
242
148
215
$507,600
$631,500
$1,302,500
230
106
115
$460,000
$662,500
$1,637,500
43
31
26
$565,500
$660,000
$1,382,500
42
33
30
$539,350
n/a
$1,218,000
50
19 255
101
146
Richm ond $414,900
$725,000
$1,694,000
1,597
644
1,212
$481,450
$809,500
$1,650,000
1,315
587
768
$420,100
$786,500
$1,750,000
333
131
171
$478,000
$835,000
$1,750,000
255
140
167
$519,444
$825,000
$1,632,500
Port M oody/B elcarra 21
Squam ish $336,000
$529,000
$827,000
123
122
185
$380,000
$589,900
$919,000
99
137
159
n/a
$570,000
$887,500
15
22
20
$386,750
$593,000
$922,500
32
29
37
n/a
$590,000
$985,000
10
30
26
$265,000
$288,000
$490,000
67
63
622
$334,950
$375,900
$590,000
56
67
372
n/a
n/a
$480,000
14
8
105
n/a
n/a
$619,000
9
18
82
n/a
n/a
$635,000
8
14
88
Sunsh ine Co ast
6
y
Burnab
er New W estmin st
Vanco uver E ast $439,900
$890,000
$1,550,000
996
270
1,032
$522,000
$997,500
$1,570,000
988
241
786
$479,000
$916,000
$1,630,000
184
57
163
$525,750
$1,034,500
$1,650,000
212
54
199
$520,050
$1,023,000
$1,600,000
238
54
157
Vanco uver W est $640,000
$1,249,000
$3,550,000
3,243
468
1,152
$739,000
$1,350,000
$3,348,000
2,458
339
632
$663,000
$1,210,000
$3,685,000
579
81
152
$760,000
$1,450,000
$3,402,906
526
80
187
$782,500
$1,368,888
$3,500,000
460
69
112
$828,571
$1,667,500
$3,280,000
139
51
658
$1,060,000
$2,025,000
$3,250,000
126
43
307
$1,052,000
n/a
$3,175,000
23
10
74
$1,065,000
n/a
$3,280,000
28
8
63
$1,220,000
n/a
$2,867,500
20
8
64
n/a
32
25
18
$300,000
$723,000
$1,369,000
267
187
121
$365,250
$739,000
$1,812,500
194
161
100
$333,500
$719,350
n/a
38
34
10
$350,000
$885,000
$1,575,000
34
31
23
$514,000
$632,000
Sound Wes t V a n couve r/Howe
MLS® SALES Facts
Whistl er/Pem berton n/a
11,503
3,945
10,366
n/a
9,593
3,325
6,418
n/a
2,108
730
1,562
n/a
2,025
791
1,548
n/a
1,905
668
1,320
% Sales to Listings
Number of Listings
% Sales to Listings
Number of Listings
% Sales to Listings
Number of Listings
% Sales to Listings
Number of Listings
% Sales to Listings
58%
73%
90%
Apartment
668
Attached
Attached
1,447
Detached
Detached
81%
Apartment
1,760
69%
Apartment
42%
576
Attached
Attached
1,206
Detached
Detached
93%
Apartment
1,534
77%
Apartment
50%
Attached
115
Attached
Detached
247
Detached
323
83%
Apartment
Apartment
74%
141
Attached
45%
257
Detached
Attached
102%
Apartment
Detached
93%
Attached
333
39%
Detached
Apartment
250
98
Attached
Apartment
264
Detached
2017
Coquit lam 85%
78%
67%
1,065
447
1,496
82%
80%
56%
875
347
1,039
85%
60%
68%
197
82
232
80%
109%
60%
174
70
239
82%
78%
54%
175
64
234
Delta South 74%
55%
60%
167
128
734
87%
93%
52%
131
96
574
54%
64%
72%
26
39
98
86%
100%
69%
22
15
102
138%
109%
55%
21
11
105
Islands - Gulf n/a
n/a
50%
0
0
80
n/a
20%
43%
0
5
68
n/a
n/a
41%
0
0
17
n/a
0%
11%
0
1
18
n/a
0%
40%
0
1
20
89%
90%
81%
407
508
1,606
91%
93%
66%
477
402
1,141
74%
103%
101%
80
89
232
114%
110%
66%
80
77
279
125%
120%
69%
65
60
249
Maple R id g e/Pitt M eadow s 82%
88%
69%
818
109
394
85%
77%
61%
796
155
233
95%
135%
78%
132
17
54
105%
75%
64%
158
32
58
85%
100%
58%
151
36
55
* Year-to-date listings represent a cumulative total of listings rather than total active listings.
Year-to-date*
Jan. Jun. 2016
Year-to-date*
Jan. Jun. 2017
June 2016
May 2017
June 2017
Number of Listings
June 2017
24
North Vanco uver 80%
87%
71%
975
357
1,213
79%
70%
55%
819
306
1,066
84%
80%
75%
173
54
205
82%
82%
51%
165
61
270
93%
59%
59%
137
79
207
Port C oquitla m 90%
80%
71%
450
274
580
81%
81%
71%
370
216
381
106%
76%
62%
64
46
84
85%
84%
69%
71
51
98
96%
95%
88%
71
42
75
Port M oody/B elcarra 84%
88%
71%
287
169
303
83%
84%
53%
276
126
215
100%
119%
62%
43
26
42
74%
110%
64%
57
30
47
109%
90%
44%
46
21
48
Richm ond 85%
77%
55%
1,876
835
2,187
84%
70%
45%
1,574
841
1,713
110%
74%
44%
304
178
386
77%
88%
55%
333
159
302
81%
56%
41%
315
181
358
Squam ish 77%
79%
64%
159
154
290
80%
75%
58%
123
182
272
88%
81%
33%
17
27
60
91%
91%
62%
35
32
60
45%
86%
55%
22
35
47
Sunsh ine Co ast 102%
85%
89%
66
74
701
102%
87%
65%
55
77
571
88%
133%
85%
16
6
123
75%
138%
74%
12
13
111
100%
117%
73%
8
12
120
85%
77%
59%
1,172
349
1,757
82%
60%
49%
1,201
403
1,610
102%
75%
49%
181
76
332
84%
57%
62%
253
94
319
114%
69%
46%
209
78
342
Vanco uver E ast
6
y
Burnab
er New W estmin st
Vanco uver W est 81%
78%
57%
4,026
597
2,014
74%
61%
41%
3,320
558
1,531
85%
72%
46%
682
113
328
77%
71%
67%
684
112
279
74%
56%
33%
624
123
341
Sound 70%
71%
54%
198
72
1,215
69%
52%
32%
183
82
969
62%
83%
45%
37
12
165
90%
67%
32%
31
12
198
57%
62%
37%
35
13
174
Wes t V a n couve r/Howe
MLS® LISTINGS Facts
97%
88%
81%
276
213
150
88%
89%
70%
221
181
143
86%
83%
33%
44
41
30
136%
86%
61%
25
36
38
78%
83%
64%
41
30
28
Whistl er/Pem berton n/a
13,702
4,954
16,167
n/a
11,955
4,553
12,732
n/a
2,319
921
2,635
n/a
2,433
936
2,675
n/a
2,170
884
2,667
Listing & Sales Activity Summary Listings
Sales
1 Jun 2016
2 May 2017
3 Jun 2017
5 Jun 2016
6 May 2017
7 Jun 2017
247 115 323
257 141 333
264 98 250
2.7 -30.5 -24.9
123 89 299
116 105 277
103 91 255
-11.2 -13.3 -7.9
409 265 845
323 263 770
-21.0 -0.8 -8.9
232 82 197
239 70 174
234 64 175
-2.1 -8.6 0.6
158 49 168
144 76 139
127 50 143
-11.8 -34.2 2.9
531 182 511
384 181 408
-27.7 -0.5 -20.2
98 39 26
102 15 22
105 11 21
2.9 -26.7 -4.5
71 25 14
70 15 19
58 12 29
-17.1 -20.0 52.6
240 51 58
180 42 68
-25.0 -17.6 17.2
232 89 80
279 77 80
249 60 65
-10.8 -22.1 -18.8
234 92 59
184 85 91
172 72 81
-6.5 -15.3 -11.0
735 252 236
496 225 262
-32.5 -10.7 11.0
205 54 173
270 61 165
207 79 137
-23.3 29.5 -17.0
154 43 146
139 50 135
122 47 128
-12.2 -6.0 -5.2
451 159 433
371 133 369
-17.7 -16.4 -14.8
54 17 132
58 32 158
55 36 151
-5.2 12.5 -4.4
42 23 125
37 24 166
32 36 128
-13.5 50.0 -22.9
141 56 406
97 80 425
-31.2 42.9 4.7
42 26 43
47 30 57
48 21 46
2.1 -30.0 -19.3
26 31 43
30 33 42
21 19 50
-30.0 -42.4 19.0
106 97 143
73 71 132
-31.1 -26.8 -7.7
84 46 64
98 51 71
75 42 71
-23.5 -17.6 0.0
52 35 68
68 43 60
66 40 68
-2.9 -7.0 13.3
218 119 203
179 110 176
-17.9 -7.6 -13.3
386 178 304
302 159 333
358 181 315
18.5 13.8 -5.4
171 131 333
167 140 255
146 101 255
-12.6 -27.9 0.0
592 335 946
470 362 740
-20.6 8.1 -21.8
123 6 16
111 13 12
120 12 8
8.1 -7.7 -33.3
105 8 14
82 18 9
88 14 8
7.3 -22.2 -11.1
362 36 42
237 45 27
-34.5 25.0 -35.7
60 27 17
60 32 35
47 35 22
-21.7 9.4 -37.1
20 22 15
37 29 32
26 30 10
-29.7 3.4 -68.8
107 71 73
97 90 60
-9.3 26.8 -17.8
332 76 181
319 94 253
342 78 209
7.2 -17.0 -17.4
163 57 184
199 54 212
157 54 238
-21.1 0.0 12.3
559 156 561
498 156 614
-10.9 0.0 9.4
328 113 682
279 112 684
341 123 624
22.2 9.8 -8.8
152 81 579
187 80 526
112 69 460
-40.1 -13.8 -12.5
573 258 1708
408 211 1424
-28.8 -18.2 -16.6
30 41 44
38 36 25
28 30 41
-26.3 -16.7 64.0
10 34 38
23 31 34
18 25 32
-21.7 -19.4 -5.9
62 114 120
56 85 108
-9.7 -25.4 -10.0
165 12 37
198 12 31
174 13 35
-12.1 8.3 12.9
74 10 23
63 8 28
64 8 20
1.6 0.0 -28.6
289 28 80
193 25 69
-33.2 -10.7 -13.8
2618 921 2319
2657 935 2433
2647 883 2170
-0.4 -5.6 -10.8
1555 730 2108
1546 791 2025
1312 668 1905
-15.1 -15.5 -5.9
5375 2179 6365
4062 2079 5652
-24.4 -4.6 -11.2
BURNABY DETACHED ATTACHED APARTMENTS
Col. 2 & 3 Percentage Variance
%
Col. 6 & 7 Percentage Variance
9 Apr 2016 Jun 2016
10 Apr 2017 Jun 2017
%
Col. 9 & 10 Percentage Variance
%
COQUITLAM DETACHED ATTACHED APARTMENTS
DELTA DETACHED ATTACHED APARTMENTS
MAPLE RIDGE/PITT MEADOWS DETACHED ATTACHED APARTMENTS
NORTH VANCOUVER DETACHED ATTACHED APARTMENTS
NEW WESTMINSTER DETACHED ATTACHED APARTMENTS
PORT MOODY/BELCARRA DETACHED ATTACHED APARTMENTS
PORT COQUITLAM DETACHED ATTACHED APARTMENTS
RICHMOND DETACHED ATTACHED APARTMENTS
SUNSHINE COAST DETACHED ATTACHED APARTMENTS
SQUAMISH DETACHED ATTACHED APARTMENTS
VANCOUVER EAST DETACHED ATTACHED APARTMENTS
VANCOUVER WEST DETACHED ATTACHED APARTMENTS
WHISTLER/PEMBERTON DETACHED ATTACHED APARTMENTS
WEST VANCOUVER/HOWE SOUND DETACHED ATTACHED APARTMENTS
GRAND TOTALS DETACHED ATTACHED APARTMENTS
0
200
400
600
800
1000
1200
1400
1600
1800
2000
IN THOUSANDS ($)
77
DETACHED
CONDOMINIUM
ATTACHED
APARTMENTS
Residential Average Sale Prices - January 1977 to June 2017
NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.
19
78
19
79
19
80
19
81
19
82
19
83
19
84
19
85
19
86
19
87
19
88
19
89
19
90
19
91
19
92
19
93 19
94 19
95 19
96 19
97 19
98 19
99 19
00 20
01 20
02 20
03 20
04 20
05 20
06 20
07 20
08 20
09 20
10 20
11 20
12 20
13 20
14 20
15 20
$656,447
$861,750
$1,713,226
16 20
17 20
