{"id":222,"date":"2016-02-02T10:04:59","date_gmt":"2016-02-02T18:04:59","guid":{"rendered":"http:\/\/www.findaproperty.ca\/blog\/?p=222"},"modified":"2016-02-02T10:04:59","modified_gmt":"2016-02-02T18:04:59","slug":"buyer-competition-keeps-home-sellers-in-the-drivers-seat","status":"publish","type":"post","link":"http:\/\/www.findaproperty.ca\/blog\/buyer-competition-keeps-home-sellers-in-the-drivers-seat\/","title":{"rendered":"Buyer Competition Keeps Home Sellers in the Driver\u2019s Seat"},"content":{"rendered":"

VANCOUVER, B.C. \u2013 February 2, 2016 \u2013<\/strong>\u00a0Home buyer activity remains at near record levels across the Metro Vancouver housing market.<\/p>\n

Residential property sales in Greater Vancouver totalled 2,519 in January 2016, an increase of 31.7 per cent from the 1,913 sales recorded in January 2015 and a 10.9 per cent decline compared to December 2015 when 2,827 home sales occurred.<\/p>\n

Last month\u2019s sales were 46 per cent above the 10-year sales average for the month and rank as the second highest January on record.<\/p>\n

\u201cFundamental economics are driving today\u2019s market. Home buyer demand is at near record heights and home seller supply is as low as we\u2019ve seen in many years,\u201d Darcy McLeod, REBGV president said.<\/p>\n

\"vancouver<\/a><\/p>\n

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,442 in January 2016. This represents a 6.2 per cent decline compared to the 4,737 units listed in January 2015 and a 119.8 per cent increase compared to December 2015 when 2,021 properties were listed.<\/p>\n

The total number of properties currently listed for sale on the MLS\u00ae system in Metro Vancouver is 6,635, a 38.6 per cent decline compared to January 2015 (10,811) and a 10.1 per cent increase compared to December 2015 (6,024).<\/p>\n

The sales-to-active listings ratio for January 2016 is 38 per cent. This is indicative of a seller\u2019s market.<\/span><\/p>\n

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 of time.<\/p>\n

Click here for the full information package:\u00a0Vancouver Real Estate Statistics Report January 2016<\/a><\/p>\n

To learn what this means for you and your property interests, contact Kevin O’Toole<\/a> at 604-340-1267<\/a> or email kevin@findaproperty.ca<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Home buyer activity remains at near record levels across the Metro Vancouver housing market.<\/p>\n","protected":false},"author":2,"featured_media":224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13,15,2],"tags":[49,53,20,9,37,11,10,38,12,39,41,48],"_links":{"self":[{"href":"http:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/posts\/222"}],"collection":[{"href":"http:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/comments?post=222"}],"version-history":[{"count":4,"href":"http:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/posts\/222\/revisions"}],"predecessor-version":[{"id":229,"href":"http:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/posts\/222\/revisions\/229"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/media\/224"}],"wp:attachment":[{"href":"http:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/media?parent=222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/categories?post=222"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/tags?post=222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}