
Statistics:
- The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,084,000.
· 16.1% increase compared to March 2017
· 1.1% increase compared to February 2018
- 6,542 home sales in Metro Vancouver during the first quarter of 2018
· 13.1 % decline compared to the same period last year
· This represents region’s lowest first-quarter sales total since 2013
- 2,517 home sales in March
· 29.7% decline compared to March 2017
· 14% increase compared to February 2018
· 23% lower than the 10-year March Sales average
- 4,450 detached, attached and apartment properties newly listed for sale in Metro Vancouver in March 2018
· 6.6% decrease compared to March 2017
· 5.4% increase compared to February 2018
- 8,380 properties currently listed for sale on the MLS® system in Metro Vancouver
· 10.5% increase compared to March 2017
· 7.1% increase compared to February 2018
- 12,469 homes listed for sale in Metro Vancouver during the first quarter of 2018
· 0.8% decrease over the same period last year. This represents the region’s lowest first-quarter new listings total since 2013.
Sales-to-Active Listings Ratio:
- 30% for all property types
· 19% below last March compared to March 2017
- 14.2% for Single Family Homes (Approaching Buyer’s Market)
- 39.9% for Townhomes (Seller’s Market)
- 61.6% for Condos (Seller’s Market)
PRICE:
- 7.4% Increase compared to March 2017 for Single Family Homes
- 26.2% Increase compared to March 2017 for Townhomes
- 17.7% Increase compared to March 2017 for Condos
SALE:
- 37% Decrease compared to March 2017 for Single Family Homes
- 26.7% Decrease compared to March 2017 for Townhomes
- 24.1% Decrease compared to March 2017 for Condos