The Vancouver market has been a busy, competitive market overall with the highest monthly sales since March 2011. We have seen consistent, yet modest increases in price and it seems that the summer market will bring continued home buyer activity. The sales to active listings ratio is 21.3%; the second straight month that this measure has been above the 20% mark. In most communities, we are experiencing a Seller’s Market! So if you are thinking of buying or selling, please contact us so we can explain the market trends in your neighbourhood and improve your chances of success. On that same note, we recommend you watch the President’s video stats message this month which indeed highlights the importance of Locality. A very good example of this is the “West Vancouver” Balanced Market which we have highlighted this month's newsletter. If you are interested in receiving the stats for your sub-area in Greater Vancouver contact us today!
Our prediction - the real estate market in Vancouver is showing no sign of a slow down
Check out the board video for the month that is posted below: