Coquitlam Real Estate Listings - June 2010 Market Update

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http://www.FindYourHomeHere.com June 2010 market update from the Greater Vancouver Real Estate Board.

http://www.FindYourHomeHere.com June 2010 market update from the Greater Vancouver Real Estate Board.

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  • My name, company includes stats from all of greater vancouver
  • Good healthy inventory of homes
  • Let me explain this little ratio thing.  It’s calculated by dividing the number of sales by the number of listings.  It gives us a snapshot of what percentage of the listings on the market are selling.  We look at them both on a monthly (or weekly) basis and also year-to-date.  Although there are divergent opinions, generally speaking, a sales-to-listing ratio of over 50% suggests that it is a SELLERS market.  Under 40% is a BUYERS market and in between, is considered to be a BALANCED market.Right now, the sales to listing ratio in the Georgian Triangle is under 30% as one may expect.  That means less than 30% of properties on the market are selling.  It’s clearly a BUYERS market right now.
  • The Housing Price Index (HPI) is a tool developed by the Greater Vancouver and Fraser Valley Real Estate Boards to measure residential market activity. It tracks and measures the movement of mid-range priced homes for a set time period and provides reliable information on housing price trends since it excludes extremely high and low priced properties.

Transcript

  • 1. June 2010Overall Market Stats
    Real Estate Board of Greater Vancouver
  • 2. June 2010 vs. May 2010 new listings down 21%
    June 2010 vs. June 2009 new listings up 3.2%
    www.FindYourHomeHere.com
    New Listings
  • 3. June 2010 vs. May2010 total listings up 1.2%
    June 2010 vs. June 2009 total listings up 32%
    www.FindYourHomeHere.com
    Total Listing Inventory
  • 4. “Activity in June marked a healthy balance between the near record setting pace of June 2009 and the considerably
    slower activity witnessed in June 2008, a period of recession as we all know.”
    Jake Moldowan, REBGV president
    www.FindYourHomeHere.com
  • 5. June 2010 vs. May 2010 total sales down 5.8%
    June 2010 vs. June 2009 total sales down 30.2%
    www.FindYourHomeHere.com
    Total Sales
  • 6. “The number of new listings coming on the market is not as dramatic as we saw over the previous three months
    and demand remains at a healthy level for this traditionally quieter time of year. There has been less upward pressure on prices in our market the last few months, which has allowed prices to ease back from the record high numbers seen in April.”
    Jake Moldowan, REBGV president
    www.FindYourHomeHere.com
  • 7. Overall House Prices
    June 2010 vsJune 2009 price up 11.8%
    June 2010 benchmark price $580,237
    www.FindYourHomeHere.com
  • 8. Detached Properties
    June 2010 vsJune 2009 sales down 31.7%
    June 2010 vsJune 2009 price up 13.4%
    June2010 benchmark price $795,025
    www.FindYourHomeHere.com
  • 9. Apartment Properties
    June 2010 vsJune 2009 sales down 29.7%
    June 2010 vsJune 2009 price up 9.7%
    June 2010 benchmark price $391,528
    www.FindYourHomeHere.com
  • 10. Attached Properties
    June 2010 vsJune2009 sales down 28.3%
    June 2010 vsJune 2009 price up 11.6%
    June2010 benchmark price $492,861
    www.FindYourHomeHere.com
  • 11. www.FindYourHomeHere.com
    Agnes Pau
    Re/Max – Sabre Realty
    #102 – 2748 Lougheed Highway, Port Coquitlam, BC, Canada
    604-626-1656