September 2016 Real Estate Market Summary
A (Mostly) Steadier Pace.
Metro Vancouver home sales dipped below the 10-year monthly sales average last month. Last month’s sales were 9.6 per cent below the 10-year sales average for the month.
The frantic pace that we saw earlier this year has disappeared. Buyers seem to be taking more of a wait and see attitude. However, certain markets are still very strong.
The sales-to-active listings ratio is really interesting! Look at the differences in property types on the North Shore.
Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark, while home prices often experience upward pressure when it reaches the 20 to 22 per cent range in a particular community for a sustained period.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.