May 2015 Real Estate Stats and Info

Hi Everyone,

Like all the sunshine we've been having, the real estate market in Greater Vancouver remains hot. Most areas are still in strong Seller's market territory. This continues to be fueled by a lower than average number of homes for sale, higher than average demand, low interest rates and a weaker dollar.

Last month's sales were 16.7% above the 10-year average for the month.

“We continue to see strong competition for homes that are priced right for today’s market,” Darcy McLeod, REBGV president said. “It’s important to remember that real estate is hyper local, particularly in a seller’s market. This means that conditions and prices vary depending on property type, neighbourhood, and other factors."

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Twitter: @kimparish73

A large part of my business comes from referrals, so if you or someone you know is interested in buying and/or selling, please pass along my contact information and I would be happy to speak with them about how I can help.

See below for info on Vancouver's east and west sides. Contact me if you'd like more information and/or on an area not covered here.

Here are the stats: