Vancouver’s December 2014 Stats Don’t Lie

Up Is Typical

When asked how the Vancouver Real Estate market is performing the typical answer will be ‘up’. As you know Stats Never Lie and according to the Greater Vancouver Real Estate Board’s monthly report that claims the exception of a balanced market – prices are going up.

On Average

percent house dollars

The region’s home sale and listing totals for 2014 both rank fifth when compared against the past 10 years of activity, while home prices increased.

Active

“While home buyer and seller activity created balanced market conditions within the region, we also experienced some upward pressure on home prices over the course of the year with detached homes continuing to be the most sought after property type in our market” said Ray Harris, REBGV president.

Listings Down

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 10,320, a 10.7 per cent decline compared to December 2013 and a 17.8 per cent decrease compared to December 2014.

Vancouver’s Real Estate Activity

December Review

  • Sales in December 2014 saw an increase of 8.3 per cent from the 1,953 sales recorded in December 2013 and a 15.9 per cent decline compared to November 2014 when 2,516 home sales occurred.

The Numbers

Detached

  • December’s detached sales totalled 833 up 9.3% from the 762 sales recorded in December 2013.
  • $1,002,200 is the new Detached Benchmark price – up 8.1% from December 2013.
House Picture Prices Rising

Apartment

  • Apartment Sales totaled 912 in December 2014 – up 7.3% compared to the 850 sales in December 2013.
  • Apartment Benchmark price reached $380,700, up 3.5% from December 2013

Attached

  • Attached Sales reached a total of 371 in December 2014 – up 8.8% compared to December 2013’s 341.
  • In December 2014 the benchmark price was up 4.5% to $476,800.

More Numbers 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.

When Life Moves You - contact Larry:

*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.

Reader Comments:

Oracle Says:
January 5th, 2015 at 7:43 pm

I agree Larry. I expect prices and sales volumes to surge higher this year as more Chinese money floods in.

We are cheap by international standards, the flow of money will only intensify

I look forward to making mountains of money!

Oracle

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