The statistical data is provided by the Real Estate Board of Greater Vancouver and is updated monthly. If you’re new to the Vancouver area’s markets and want to learn about general market trends in Greater Vancouver, this is a great place to start.  To navigate the volatile Vancouver residential property market, one should consult with his/her/their preferred Realtor for detailed property information for the type of property in the sub-areas of interest. Any of the following are examples of typical questions. The inventory and sales figures, as well as the median sale price for the subarea’s property type.  Real Estate information is quite fluid, and broad trends should only be used as a guideline. A Real Estate professional’s experience and network will be the most valuable tools in assisting customers in devising a long-term strategy and making an informed decision at the appropriate timing.

*The statistics only include resale data.

Glossary

• MLS® HPI Home Price: a measure of real estate prices that provides a clearer picture of market trends over traditional tools such as mean or median average prices.
• Median Sale Price: all of the sales prices are arrayed in numeric order. In the case of an even number of sales, the median is the highest price in the lower half of the group. If there is an odd number of sales, the midpoint sale is taken as the median.
• Average Sale Price: Averages are the quantity and quality of the properties sold in any given area that change over time for any number of reasons. As a result, average prices can fluctuate dramatically.
• Total Inventory: represent the total number of homes currently listed for sale on the MLS®.
• New Listings: represent the total number of listings added to the MLS® in a month.
• Sales:  represent the number of homes transacted through the Multiple Listing Service® (MLS®) in one month.
• Sales to Actives Ratio: measures supply and demand by looking at the total supply of homes for sale compared to sales during the month.

When deciding on areas of interest, Stilhavn Reports are available, which further categorize the sales information price ranges and product types in the major areas. Vancouver Westside, Vancouver Eastside, West Vancouver, North Vancouver, Burnaby South, Burnaby North, Richmond, Delta, Surrey, Coquitlam, Maple Ridge, Pitt Meadow, and Langley are among these communities.

Browse the Monthly Reports by Price Range, Subareas, and Property Types

Looking for Databases for Land Assembly, Pre-sales, and other types of real properties?  Contact us at 604-900-6611.