\u201cWe continue to see strong competition for homes that are priced right for today\u2019s market,\u201d Darcy McLeod, REBGV president said. \u201cIt\u2019s important to remember that real estate is hyper local, particularly in a seller\u2019s market. This means that conditions and prices vary depending on property type, neighbourhood, and other factors.”<\/span><\/p>\n New listings for detached, attached and apartment properties in Metro Vancouver totalled 5,641 in May. This represents a 5 per cent decrease compared to the 5,936 new listings reported in May 2014.<\/span><\/p>\n The total number of properties currently listed for sale on the region\u2019s MLS\u00ae is 12,336, a 23.2 per cent decline compared to May 2014 and a 0.8 per cent decline compared to April 2015.<\/span><\/p>\n The MLS\u00ae Home Price Index (image to right) composite benchmark price for all residential properties in Metro Vancouver is currently $684,400. This represents a 9.4 per cent increase compared to May 2014.\u00a0<\/span><\/p>\n For the full \u00a0Real Estate statistics for Vancouver in May 2015, please see the following\u00a0Vancouver Real Estate Statistics Report May 2015<\/a><\/p>\n To understand what this means to you and the value of your home or how this affects you wanting to purchase property, please contact Kevin O’Toole<\/a> on +1-604-340-1267<\/a> or email kevin@findaproperty.ca<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" VANCOUVER, B.C. \u2013 June 2, 2015 \u2013 It continues to be a competitive spring market for Metro Vancouver home buyers. This competition continues to put upward pressure on home prices, particularly in the detached home market.<\/p>\n","protected":false},"author":2,"featured_media":194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13,2],"tags":[49,64,9,37,11,10,38,12,39,41,48],"_links":{"self":[{"href":"https:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/posts\/192"}],"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=192"}],"version-history":[{"count":2,"href":"https:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/posts\/192\/revisions"}],"predecessor-version":[{"id":197,"href":"https:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/posts\/192\/revisions\/197"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/media\/194"}],"wp:attachment":[{"href":"https:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/media?parent=192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/categories?post=192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.findaproperty.ca\/blog\/wp-json\/wp\/v2\/tags?post=192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"vancouver](\"http:\/\/www.findaproperty.ca\/blog\/wp-content\/uploads\/2015\/06\/vancouver-home-price-index-chart-2015-05.jpg\")
<\/a>\u201cWhile the supply of homes for sale remains below what\u2019s typical for this time of year, our region continues to offer a diverse selection of housing options at different price points,\u201d McLeod said. \u201cThis diversity within the housing stock is part of what\u2019s driving today\u2019s home sale activity.\u201d<\/span><\/p>\n