{"id":182,"date":"2015-05-04T22:26:31","date_gmt":"2015-05-05T05:26:31","guid":{"rendered":"http:\/\/www.findaproperty.ca\/blog\/?p=182"},"modified":"2015-05-04T22:26:31","modified_gmt":"2015-05-05T05:26:31","slug":"home-buyers-out-pacing-demand-in-vancouver-real-estate-market-in-april-2015","status":"publish","type":"post","link":"https:\/\/www.findaproperty.ca\/blog\/home-buyers-out-pacing-demand-in-vancouver-real-estate-market-in-april-2015\/","title":{"rendered":"Home Buyers Out Pacing Demand in Vancouver Real Estate Market in April 2015"},"content":{"rendered":"

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 4,179 on the Multiple Listing Service\u00ae (MLS\u00ae) in April 2015. This represents a 37 per cent increase<\/strong><\/em> compared to the 3,050 sales recorded in April 2014, and a 2.9 per cent increase compared to the 4,060 sales in March 2015.<\/span><\/p>\n

Last month\u2019s sales were<\/span> 29.3 per cent above the 10-year sales average<\/strong> <\/span><\/em>for the month.<\/span><\/p>\n

\u201cThe supply of homes for sale today in the region is not meeting the demand we’re seeing from home buyers. This is putting upward pressure on prices, particularly in the detached home market,” Darcy McLeod, REBGV president said.<\/span><\/p>\n

New listings for detached, attached and apartment properties in Metro Vancouver totalled 5,897 in April. This represents a 0.9 per cent decrease compared to the 5,950 new listings reported in April 2014.<\/span><\/p>\n

The total number of properties currently listed for sale on the region\u2019s MLS\u00ae is 12,436, a 19.8 per cent decline compared to April 2014 and an increase of 0.5 per cent compared to March 2015.<\/span><\/p>\n

\u201cIt\u2019s a competitive and fast-moving market today that is tilted in favour of home sellers. To be competitive, it\u2019s important to connect with a local REALTOR\u00ae who can help you develop a strategy to meet your home buying or selling needs,\u201d McLeod said.<\/p>\n

\"vancouver<\/a>The MLS\u00ae Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $673,000. This represents an 8.5 per cent increase compared to April 2014.<\/p>\n

The sales-to-active-listings ratio in April was 33.6 per cent. This is the highest that this ratio has been in Metro Vancouver since June 2007.<\/span><\/p>\n

Sales of detached properties in April 2015 reached 1,815, an increase of 35.9 per cent from the 1,336 detached sales recorded in April 2014, and a 70.6 per cent increase from the 1,064 units sold in April 2013. The benchmark price for a detached property in Metro Vancouver increased 12.5 per cent from April 2014 to $1,078,900.<\/p>\n

For the full press release and statistics package, please click here:\u00a0Vancouver Real Estate Statistics Report April 2015<\/a><\/p>\n

To learn more about how this affects you and your real estate position or requirements, please contact Kevin O’Toole<\/a> at 604.340.1267<\/a> or email kevin@findaproperty.ca<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Strong home buyer demand coupled with below average home listing activity has created seller’s market conditions within the Metro Vancouver housing market.<\/p>\n","protected":false},"author":2,"featured_media":184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13,15,2],"tags":[49,18,34,20,5,9,37,11,38,12,39,41,48],"_links":{"self":[{"href":"https:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/posts\/182"}],"collection":[{"href":"https:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/comments?post=182"}],"version-history":[{"count":1,"href":"https:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/posts\/182\/revisions"}],"predecessor-version":[{"id":186,"href":"https:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/posts\/182\/revisions\/186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/media\/184"}],"wp:attachment":[{"href":"https:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/media?parent=182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/categories?post=182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/tags?post=182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}