REBGV July Statistics

/in /by

The supply and demand in the Greater Vancouver housing market has been quite even this past month, with buyers demanding slightly ahead of sellers. The Real Estate Board of Greater Vancouver (REBGV) have released their July Statistics report. Details below:

Key Stats:

  • Total Property Sales: 3,061 – an increased of 3.9% compared to  July 2013
  • Sales-to-Active Ratio: 19.6% – ratio has been between 18% and 20% over the past four months
  • Total New Listings: 4,925 – an increase of 1.5% compared to July 2013
  • Total Properties Listed for Sale: 15,617 – a decline of 6% compared to July 2013

Benchmark Prices:

  • All Residential Properties: $628,000 – an increase of 4.4% compared to July 2013
  • Detached Properties: $980,500 – an increase of 6.5% compared to July 2013
  • Apartment Properties: $376,500 – an increase of 2.2% compared to July 2013
  • Attached Properties: $72,400 – an increase of 3.4% compared to July 2013

The President-elect of REBGV, Darcy McLeod says, “This is the fourth consecutive month that the Greater Vancouver market has exceeded 3,000 sales. Prior to this, our market had not surpassed the 3,000 sale mark since June of 2011. Today’s activity continues to put Metro Vancouver in the upper reaches of a balanced real estate market.”

To view the full REBGV July Statistics Report, click here.

If you have any questions regarding the above, please give us a call at 604-588-4466 or email us at info@brokersmart.ca