Greater Vancouver Real Estate Market Condition September 2013

Accoridng to the Real Estate Board of Greater Vancouver home sales are up considerably from September 2012 which had one of the lowest sales in nearly three decades.

I heard the same comments from a lot of real estate agents that 2012 had been slower than usual.

Home sale and listing activity this September were in line with the 10-year average for the month:

New Listings all property types = 5,030   (5.5% decline from last September)

Current Listing all property types = 16,115   (12.2% decline from last September)

Sales-t0-active-listing ratio = 15.4%   (15-25% is balanced market)

Home prices have not changed much this year. The benchmark price for all property types (houses, townhouses, condos) in Greater Vancouver is $601,900.

It declined 0.7% from last September but increased 2.3% from this January.

Condo Sales increased 50.6%  (Sept 2012 vs Sept 2013) Benchmark price $366,600 decreased 0.5%

Townhome Sales increased 79.7%  (Sept 2012 vs Sept 2013) Benchmark price $458,300 unchanged

House Sales increased 72.2% (Sept 2012 vs Sept 2013) Benchmark price $922,600 decreased 1.4%

For more information about you specific neighborhood, please contact Jenny Chen at 604-818-7317 or