REBGV September Statistics

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Home activity increases this past month as we entered into the Fall season, accordingly to the Real Estate Board of Greater Vancouver (REBGV). REBGV have released the September Statistics and the details on the pace increase are outlined below:

Key Stats:

  • Residential Property Sales: 2,922 – an 17.7% increase compared to September 2013
  • New Listings: 5,259 – an 35.5% compared to August 2014
  • Total Property Listings: 14,832 – an 8% decline compared to September 2013

Benchmark Prices: 

  • Detached Properties: $990,300 – an increase of 7.3% compared to September 2013
  • Apartment Properties: $378,700 – an increase of 3.3% compared to September 2013
  • Attached Properties: $477,700 – an increase of 4.2% compared to September 2013

The President of the REBGV, Ray Harris says,”September was an active period for our housing market when we compare it against typical activity for the month. Gains in home values are being led by the detached home market. Condominium and townhome properties are not experiencing the same pressure on prices at the moment. Individual trends can vary depending on different factors in different areas, so it’s important to do your homework and work with your REALTOR® when you’re looking to determine the market value of a home.”

To view the full REBGV September Statistics report, please 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