Vancouver’s May Stats Don’t Lie

Above and Below

The Vancouver Real Estate boards latest short view of Stats That Don’t Lie tell us that sales are above those recorded in this time period last year. The long view says Vancouver is 6.5% below the 10 year average.

Very Exciting

Excited-small-boy

The Board’s President Ray Harris, seems excited to advise us that sales-to-active-listings ratio currently sits at 20.4 per cent in Greater Vancouver. The first time that this measure has been above 20 per cent since June 2011.

President Harris’ exuberance continues with “our MLS® statistics tell us that there’s more home buyer demand today than at any point over the last three years. With sales surpassing the 3,000 mark in May and our sales-to-active-listing ratio exceeding 20 per cent, this is the most active marketplace we’ve seen since the spring of 2011.”

Statistical Excitement

May Volume

  • 3,286 unit sales pushed May’s sales 14% increase over last year
  • total listings (5,656), are up by 5% YOY
  • current listing inventory sits at 16,072 – down 6.7% compared to May 2013

The Numbers

Detached

House Picture Prices Rising
  • Detached Sales in May 2014 reached 1,453 – up 19.9% compared to May 2013’s 1,212
  • $966,500 is the Detached Benchmark price which climbed by 5.4% compared to May 2013.

Apartment

  • Apartment Sales totaled 1,286 in May 2014 – up 13.2% compared to May 2013’s 1,136
  • The apartment Benchmark price is $377,500, an increase of 3.2% compared to May 2013

Attached

  • Attached Sales totalled 547 in May 2014 – up 2.4% compared to May 2013’s 534
  • Compared to May 2013 the benchmark price is up 3.1% to $469,100

Full Report Here

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

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*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

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