SlideShare a Scribd company logo
1 of 8
Download to read offline
News Release
FOR IMMEDIATE RELEASE

Greater Vancouver housing market hits summer lull
VANCOUVER, B.C. – August 2, 2012 – Residential property sales in Greater Vancouver remained at a 10-year low in
July, while the number of properties being listed for sale continued to edge down and prices remained relatively stable.
  The Real Estate Board of Greater Vancouver (REBGV) reports that there were 2,098 residential property sales of
detached, attached and apartment properties in July. That’s an 18.4 per cent decline compared to the 2,571 sales in
July 2011 and an 11.2 per cent decline compared to the previous month’s 2,362 sales.
July sales were the lowest total for that month in the region since 2000. They were 31.2 per cent below the 10-year
July sales average of 3,051.
  “People appear to be cautious about making significant financial decisions right now. While our local economy ap-
pears to be quite robust, there may be some concern about the impact of international markets and the federal govern-
ment’s tightening of mortgage regulations,” says Eugen Klein, REBGV president.
  New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,802 in July, the lowest
number of new listings for any month this year. This represents a 5.8 per cent decline compared to July 2011 when
5,097 properties were newly listed for sale on the Multiple Listing Service® (MLS®) and a 14.5 per cent decline
compared to the 5,617 new listings reported in June 2012.
  At 18,081, the total number of active residential property listings on the MLS® increased 18.8 per cent from this
time last year and decreased 2.2 per cent compared to the previous month.
  “With a sales-to-actives-listing ratio of 11.6 per cent, conditions have favoured buyers in our marketplace in recent
months,” Klein said. “That means buyers have more selection to choose from and more time to make a decision. For sell-
ers, it’s important to price properties competitively. For information on local market prices, contact your REALTOR®.”
  The MLS® Home Price Index (MLS® HPI) composite benchmark price for all residential properties in Greater
Vancouver over the last 12 months has increased 0.6% to $616,000 and declined 0.7% compared to last month.
  Sales of detached properties on the MLS® in July 2012 reached 787, a decrease of 28.4 per cent from the 1,099 de-
tached sales recorded in July 2011, and a 13.3 per cent decrease from the 908 units sold in July 2010. The benchmark
price for detached properties increased 1.4 per cent from July 2011 to $950,200 and declined 1.2 per cent compared to
last month.
  Sales of apartment properties reached 927 in July 2012, a 10.9 per cent decrease compared to the 1,040 sales in July
2011, and a decrease of 5.3 per cent compared to the 979 sales in July 2010. The benchmark price of an apartment
property remains unchanged compared to July 2011 at $374,300 and declined 0.5 per cent compared to last month.
  Attached property sales in July 2012 totalled 384, an 11.1 per cent decrease compared to the 432 sales in July 2011,
and a 4.3 per cent increase from the 368 attached properties sold in July 2010. The benchmark price of an attached
unit decreased 0.5 per cent between July 2011 and 2012 to $468,700 and is relatively unchanged compared to last
month.



                                                                           -30-

    The real estate industry is a key economic driver in British Columbia. In 2011, 32,390 homes changed ownership in the Board’s area, generating
    $1.36 billion in spin-off activity and 9,069 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancou-
    ver totalled $25 billion in 2011. The Real Estate Board of Greater Vancouver is an association representing 11,000 REALTORS® and their com-
    panies. The Board provides a variety of member services, including the Multiple Listing Service®.For more information on real estate, statistics,
    and buying or selling a home, contact a local REALTOR® or visit www.rebgv.org.


For more information please contact:
Jesse Lalime, Communications Coordinator
Real Estate Board of Greater Vancouver
Phone: (604) 730-3077 Fax: (604) 730-3102
E-mail: jlalime@rebgv.org                                                                            also available at  www.realtylink.org
*                                   July 2012


                                                                                         Benchmark                  Price             1 Month  3 Month  6 Month  1 Year   3 Year   5 Year
           Property Type                                       Area
                                                                                           Price                    Index            Change % Change % Change % Change % Change % Change %

   Residential / Composite                       Lower Mainland                             $553,300                 156.2               -0.4%               -0.4%   2.2%    1.2%    16.1%   12.1%
                                                 Greater Vancouver                          $616,000                 161.5               -0.7%               -0.9%   1.8%    0.6%    18.4%   15.8%
                                                 Bowen Island                               $601,000                 130.3               -3.8%               -3.1%   6.8%    -1.1%    3.2%   -4.6%
                                                 Burnaby East                               $569,900                 157.3               -0.3%               -0.8%   2.5%    2.1%    15.6%   12.8%
                                                 Burnaby North                              $521,600                 155.8               -1.3%               -0.8%   0.9%    -0.3%   15.2%   12.3%
                                                 Burnaby South                              $579,600                 163.4               -0.7%               -0.4%   2.3%    -1.2%   20.0%   18.3%
                                                 Coquitlam                                  $507,500                 150.1               -0.8%                0.4%   3.9%    1.3%    15.4%    9.3%
                                                 Ladner                                     $550,000                 153.0               -0.3%               -0.5%   4.2%    1.5%    16.8%   15.2%
                                                 Maple Ridge                                $390,500                 132.0               -0.4%               -0.2%   0.1%    -2.1%    4.1%   -2.4%
                                                 New Westminster                            $370,200                 158.9               -0.5%               -1.1%   3.3%    1.3%    13.8%   10.0%
                                                 North Vancouver                            $654,500                 148.1               -0.9%               -0.5%   2.4%    3.9%    14.7%    9.0%
                                                 Pitt Meadows                               $375,800                 136.1               -0.4%               -0.5%   0.1%    -3.1%    3.5%   -2.5%
                                                 Port Coquitlam                             $400,500                 142.2               -1.0%               -1.8%   0.1%    -1.5%    6.7%    1.8%
                                                 Port Moody                                 $512,000                 141.4               -0.2%                1.9%   5.4%    2.1%     9.7%    3.4%
                                                 Richmond                                   $585,100                 169.9               -0.8%               -2.4%   -0.8%   -1.5%   22.1%   23.5%
                                                 Squamish                                   $406,000                 131.1                0.3%               2.0%    6.2%    4.0%     3.0%    3.2%
                                                 Sunshine Coast                             $365,100                 127.9               -1.8%               -3.5%   1.4%    -3.2%   -0.5%   -6.1%
                                                 Tsawwassen                                 $616,200                 155.3                0.0%               2.0%    7.5%    3.9%    17.6%   15.4%
                                                 Vancouver East                             $619,300                 181.2               -0.4%                0.6%   4.8%    4.0%    25.3%   26.0%
                                                 Vancouver West                             $817,100                 172.2               -0.7%               -1.3%   0.5%    0.3%    21.4%   20.5%
                                                 West Vancouver                            $1,610,500                172.9               -2.1%               -1.8%   6.1%    4.9%    38.1%   20.9%
                                                 Whistler                                   $591,900                 163.2               -0.4%                0.9%   7.3%    0.0%    27.5%   29.0%
   Single Family Detached                        Lower Mainland                             $772,200                 164.1               -0.7%               -0.5%    2.6%    2.1%   24.8%   19.6%
                                                 Greater Vancouver                          $950,200                 175.6               -1.2%               -1.4%    2.2%    1.4%   30.7%   27.1%
                                                 Bowen Island                               $601,000                 130.3               -3.8%               -3.1%    6.7%   -1.1%    3.2%   -4.6%
                                                 Burnaby East                               $756,700                 169.2               -0.5%               -1.6%    3.9%    4.9%   24.7%   23.1%
                                                 Burnaby North                              $928,500                 179.2               -2.1%               -0.4%    1.7%    2.8%   30.7%   30.3%
                                                 Burnaby South                              $998,500                 191.4               -1.5%                0.8%    5.9%   3.9%    40.8%   39.8%
                                                 Coquitlam                                  $719,900                 159.5               -0.4%                1.7%    5.9%   4.3%    23.1%   17.5%
                                                 Ladner                                     $638,200                 154.0               -0.3%               -1.5%    4.5%    2.1%   19.4%   16.7%
                                                 Maple Ridge                                $463,400                 131.7               -0.6%                0.0%    0.4%   -1.3%    6.3%    0.0%
                                                 New Westminster                            $676,400                 167.8               -0.9%               -1.7%    2.3%    2.6%   23.7%   22.4%
                                                 North Vancouver                            $963,000                 153.7               -1.5%               -0.2%    2.3%    5.1%   20.6%   13.9%
                                                 Pitt Meadows                               $500,600                 139.7               -0.1%               -0.6%   -1.1%    0.1%    7.8%    3.3%
                                                 Port Coquitlam                             $561,600                 150.0               -0.6%                1.1%    3.2%   2.0%    15.8%   10.7%
                                                 Port Moody                                 $852,200                 157.9                1.0%               3.1%    7.7%    3.4%    22.1%   15.2%
                                                 Richmond                                   $979,800                 197.3               -1.9%               -4.5%   -1.6%   -3.9%   39.0%   41.2%
                                                 Squamish                                   $502,700                 135.8                0.0%               1.5%    -0.6%   2.3%     7.9%    5.8%
                                                 Sunshine Coast                             $363,700                 127.4               -1.7%               -3.6%    1.3%   -3.6%   -0.9%   -6.5%
                                                 Tsawwassen                                 $738,400                 159.0               -0.3%                1.5%    7.6%   5.0%    21.6%   18.6%
                                                 Vancouver East                             $863,200                 190.6               -0.2%                1.3%    4.8%   5.5%    37.2%   37.5%
                                                 Vancouver West                            $2,170,500                223.0               -1.5%               -3.8%    0.6%   0.0%    50.9%   48.3%
                                                 West Vancouver                            $1,909,400                181.8               -1.9%               -1.6%    6.7%   5.9%    45.2%   26.8%
                                                 Whistler                                   $838,100                 124.5                1.7%               2.4%    -1.8%   -5.0%   -2.4%   -1.4%
HOW TO READ THE TABLE:
• Benchmark Price: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.

• Price Index: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales.

• x Month/Year Change %: Percentage change of index over a period of x month(s)/year(s)                                                                                                              *
  In January 2005, the indexes are set to 100.

  Townhome properties are similar to Attached properties, a category that was used in the previous MLSLink HPI, but do not included duplexes.

  The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN.




* MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association                                                                              1 of 10
*                                   July 2012


                                                                                         Benchmark                  Price             1 Month  3 Month  6 Month  1 Year   3 Year   5 Year
           Property Type                                       Area
                                                                                           Price                    Index            Change % Change % Change % Change % Change % Change %

             Townhouse                           Lower Mainland                             $399,500                 145.0               -0.2%               -0.8%    1.8%   -0.6%   10.2%    6.6%
                                                 Greater Vancouver                          $468,700                 152.1               0.1%                -0.6%    2.4%   -0.5%   13.6%   11.8%
                                                 Burnaby East                               $421,800                 151.3               -0.1%                0.1%    2.8%    2.0%   13.0%   10.8%
                                                 Burnaby North                              $399,800                 149.1               -0.3%               -1.9%   -3.6%   -6.9%   10.0%    7.0%
                                                 Burnaby South                              $417,200                 149.7               -1.4%               -1.8%   -0.9%   -2.5%   11.4%   11.2%
                                                 Coquitlam                                  $382,800                 140.6               0.0%                -0.1%    2.5%   -2.0%    8.7%    4.3%
                                                 Ladner                                     $442,400                 146.6               -2.0%               -1.7%   -1.5%   -3.0%    9.2%   10.2%
                                                 Maple Ridge                                $277,900                 135.0               0.8%                1.1%     1.0%   -2.7%    2.8%   -3.7%
                                                 New Westminster                            $397,200                 149.2               -1.0%               -0.5%    4.7%    1.0%   12.8%   10.4%
                                                 North Vancouver                            $597,500                 143.0               0.3%                -1.2%    1.4%    3.0%   11.7%    8.3%
                                                 Pitt Meadows                               $321,500                 139.1               -0.2%                0.9%    3.2%   -6.1%    5.0%   -0.9%
                                                 Port Coquitlam                             $372,700                 141.9               0.0%                -2.5%    0.6%   -1.1%    6.9%    2.6%
                                                 Port Moody                                 $412,200                 139.3               0.4%                1.0%     4.0%   -2.2%    7.2%    1.7%
                                                 Richmond                                   $506,400                 163.7               0.4%                -0.4%    1.0%   -0.7%   20.9%   22.9%
                                                 Squamish                                   $354,600                 128.7               1.7%                -0.7%   17.3%   3.4%     0.9%    5.2%
                                                 Tsawwassen                                 $460,900                 142.5               -2.4%               -1.8%   -0.1%   -8.0%    6.1%    7.1%
                                                 Vancouver East                             $527,500                 173.9               1.1%                0.4%     5.6%   4.9%    17.1%   19.0%
                                                 Vancouver West                             $710,900                 160.8               -0.3%                0.3%    6.3%    3.3%   18.8%   17.5%
                                                 Whistler                                   $463,100                 141.5               -1.0%               -4.4%   15.1%    0.9%   11.0%   15.7%
              Apartment                          Lower Mainland                             $342,800                 150.4               -0.3%               -0.2%    1.8%    0.3%    7.7%     4.4%
                                                 Greater Vancouver                          $374,300                 151.3               -0.5%               -0.4%    1.3%    0.0%    8.8%     6.5%
                                                 Burnaby East                               $365,900                 138.9               -0.1%               -0.9%    1.6%   -4.1%   -3.1%    -7.3%
                                                 Burnaby North                              $337,900                 142.8               -0.9%               -0.2%    2.3%    0.0%    6.4%     2.2%
                                                 Burnaby South                              $378,600                 152.0               -0.3%               -1.2%    1.1%   -5.1%   10.9%     8.6%
                                                 Coquitlam                                  $252,900                 139.2               -2.1%               -1.7%    1.0%   -2.5%    6.2%    -1.5%
                                                 Ladner                                     $329,500                 156.2               1.5%                5.4%     6.0%   4.8%    15.4%   14.4%
                                                 Maple Ridge                                $176,900                 129.0               -1.1%               -3.6%   -2.7%   -3.4%   -3.6%   -12.5%
                                                 New Westminster                            $274,500                 156.9               -0.2%               -0.9%    3.5%    0.8%   10.8%    6.2%
                                                 North Vancouver                            $350,500                 142.3               -0.5%               -0.5%    3.0%    2.3%    8.5%     3.3%
                                                 Pitt Meadows                               $215,700                 127.5               -1.2%               -1.3%   -0.5%   -3.6%   -4.7%   -13.6%
                                                 Port Coquitlam                             $222,200                 131.7               -2.5%               -5.5%   -4.5%   -7.1%   -4.8%   -10.0%
                                                 Port Moody                                 $313,700                 130.7               -1.7%               1.3%     3.9%   4.1%     2.1%    -4.2%
                                                 Richmond                                   $349,800                 148.3               -0.1%               -1.1%   -0.9%    0.5%    6.6%     6.9%
                                                 Squamish                                   $253,600                 122.0               -1.9%               6.0%    13.0%   8.3%    -5.4%    -6.5%
                                                 Tsawwassen                                 $349,200                 146.9               1.5%                4.4%     6.2%   3.2%     8.6%    7.6%
                                                 Vancouver East                             $311,100                 171.6               -0.8%               -0.2%    5.1%    2.6%   13.1%   13.6%
                                                 Vancouver West                             $476,100                 154.1               -0.2%               0.2%     0.1%   -0.1%    9.4%     9.1%
                                                 West Vancouver                             $614,200                 134.2               -3.1%               -2.7%    1.8%   -1.3%    6.8%    -5.0%
                                                 Whistler                                   $250,800                 230.1               -1.7%               3.5%     3.9%   -7.3%   78.4%   76.3%




HOW TO READ THE TABLE:
• Benchmark Price: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.

• Price Index: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales.

• x Month/Year Change %: Percentage change of index over a period of x month(s)/year(s)

  In January 2005, the indexes are set to 100.                                                                                                                                                        *
  Townhome properties are similar to attached properties, a category that was used in the previous MLSLink HPI, but do not included duplexes.

  Lower Mainland includes areas serviced by both Real Estate Board of Greater Vancouver & Fraser Valley Real Estate Board.

  The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN.




* MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association                                                                               2 of 10
Jul 2012
                                                                                                                                                       May 2012
                                                                                                                                                       Mar 2012
                                                                                                                                                       Jan 2012
                                                                                                                                                       Nov 2011
                                                                                                                                                       Sep 2011
                                                                                                                                                       Jul 2011
                                                                                                                                                       May 2011
                                                   Apartment




                                                                                                                                                       Mar 2011
                                                                                                                                                       Jan 2011
                                                                                                                                                       Nov 2010
                                                                                                                                                       Sep 2010
                                                                                                                                                       Jul 2010
                                                   Townhouse
Greater Vancouver




                                                                                                                                                       May 2010
   5 Year Trend




                                                                                                                                                       Mar 2010
                                                                                                                                                       Jan 2010
                                                                                                                                                       Nov 2009
                                                   Detached




                                                                                                                                                       Sep 2009
                                                                                                                                                       Jul 2009
                                                                                                                                                       May 2009
                                                                                                                                                       Mar 2009
                                                   Residential




                                                                                                                                                       Jan 2009
                                                                                                                                                       Nov 2008
  C:DATAMonthEndHpiexporthi_resgv-hpi2.tif




                                                                                                                                                       Sep 2008
                                                                                                                                                       Jul 2008
                                                                                                                                                       May 2008
                                                                                                                                                       Mar 2008
                                                                                                                                                       Jan 2008
                                                                 Jan 2005 HPI = 100




                                                                                                                                                       Nov 2007
                                                                                                                                                       Sep 2007
                                                                                                                                                       Jul 2007
                                                                                                                                                  90
                                                                                      190

                                                                                            180

                                                                                                  170

                                                                                                        160

                                                                                                              150

                                                                                                                    140

                                                                                                                          130

                                                                                                                                120

                                                                                                                                      110

                                                                                                                                            100




                                                                                                                Price Index
7               19      2012                                                                                            MLS® SALES Facts
                                                                                                                                                                                                                                                                                                                             Sound




                                                                                                                             dows
                                                                                                                                                                                                                                                                                                                                 owe




                                                                                                                                           er



                                                                                                                      itt Mea
                                                                                                                                                st
                                                                                                                                                                                                             elcarra
                                                                                                                                                                                                                                                                                                       est




                                                                                                                                                                                          m
                                                                                                                                                                                                                                                               ast
                                                                                                                                                                                                                                                                                  ast
                                                                                                                                                                                                                                                                                                                                                     berton




                                                                                                                                                                   uver
                                                                                                                                                                                                                                                                                                                          ouver/H




            July




                                            y
                                                                                              - Gulf
                                                                                                                                                                                                                                            ish




                                                                                                                                          estmin




                                                            lam
                                                                                                               Ridge/P
                                                                                                                                                                                                       oody/B
                                                                                                                                                                                                                               ond
                                                                                                                                                                                                                                                         ine Co




                                                                            South
                                                                                                                                                                                   oquitla
                                                                                                                                                                                                                                                                            uver E
                                                                                                                                                                                                                                                                                                uver W




                                                                                                                                                              Vanco
                                                                                                                                                                                                                                                                                                                                               er/Pem




            2012
                                                                                                                                                                                                                                                                                                                   t Vanc




                                          Burnab
                                                                                                                                                                                                                                                                       Vanco
                                                                                                                                                                                                                                                                                           Vanco
                                                                                                                                                                                                                                                                                                                Wes




                                                     Coquit
                                                                                                         Maple
                                                                                                                                    New W
                                                                                                                                                        North
                                                                                                                                                                            Port C
                                                                                                                                                                                                Port M
                                                                                                                                                                                                                         Richm
                                                                                                                                                                                                                                       Squam
                                                                                                                                                                                                                                                    Sunsh
                                                                                                                                                                                                                                                                                                                                         Whistl




                                                                    Delta -
                                                                                      Islands
                            Detached       58         67             31                 3                108                        23                   60                  44                  15                       60            21           47                109                  83                   46                       12                  787
                  Number
                    of      Attached       70         28              5                 0                 35                        14                   26                  21                  10                       55            13           2                  24                  46                    2                       33                  384
     July          Sales    Apartment     131         58              8                 0                 33                        74                   55                  24                  17                      101            6            7                 104                 276                   17                       16                  927
     2012                   Detached    $864,000   $729,950       $610,000             n/a             $487,500                $650,000              $1,017,500           $537,500               n/a               $1,010,000        $500,000     $377,000           $852,500           $2,090,000           $1,930,000                   n/a
                  Median
                  Selling   Attached    $447,000   $502,500          n/a               n/a             $285,000                     n/a              $615,000             $382,000               n/a                   $493,000         n/a          n/a             $618,000           $814,500                 n/a                   $670,000                n/a
                   Price    Apartment   $333,000   $266,900          n/a               n/a             $193,500                $281,000              $356,500             $226,000               n/a                   $328,000         n/a          n/a             $332,500           $450,750                 n/a                      n/a
                            Detached       83        101             41                 6                108                        37                   73                  33                  11                       76            28           61                107                 102                   47                        7                  921
                  Number
                    of      Attached       73         45             10                 0                 44                         9                   21                  26                  16                       59            4            6                  35                  46                    6                       15                  415
     June          Sales    Apartment     132         47             15                 0                 26                        85                   69                  21                  18                      113            2            4                 136                 331                   13                       14                  1,026
     2012                   Detached    $990,000   $738,000       $664,000             n/a             $491,750                $650,000              $975,000             $558,000               n/a                   $912,000      $482,000     $402,500           $855,000           $1,879,000           $1,835,000                   n/a
                  Median
                  Selling   Attached    $508,000   $464,000          n/a               n/a             $288,000                     n/a              $630,000             $385,137               n/a                   $545,000         n/a          n/a             $658,000           $900,450                 n/a                      n/a                  n/a
                   Price    Apartment   $354,000   $270,000          n/a               n/a             $207,500                $321,500              $362,500             $242,800               n/a                   $340,500         n/a          n/a             $347,450           $485,000                 n/a                      n/a
                            Detached       95        100             50                 2                109                        28                   92                  40                  13                      123            17           48                144                 139                   86                       13                  1,099
                  Number
                    of      Attached       72         46              6                 0                 42                        13                   17                  17                   8                       88            2            0                  40                  62                    5                       14                  432
     July          Sales    Apartment     165         62              9                 0                 21                        69                   77                  21                  21                      135            0            7                  90                 341                   18                        4                  1,040
     2011                   Detached    $875,500   $698,000       $709,500             n/a             $500,000                $657,000              $905,500             $570,000               n/a                   $945,000         n/a       $401,000           $848,500           $2,037,500           $1,865,000                   n/a
                  Median
                  Selling   Attached    $528,000   $451,000          n/a               n/a             $314,633                     n/a                  n/a                 n/a                 n/a                   $561,000         n/a          n/a             $586,750           $820,500                 n/a                      n/a                  n/a
                   Price    Apartment   $357,000   $280,000          n/a               n/a             $216,500                $295,000              $363,000             $225,000            $346,000                 $355,800         n/a          n/a             $347,200           $490,000                 n/a                      n/a
                            Detached      595        763            294                24                721                        192                 655                 266                 134                      663           123          305                876                 852                  430                       64                  6,957
                  Number
                    of      Attached      464        276             49                 1                263                        84                  206                 151                 134                      481            60           28                255                 342                   52                      138                  2,984
   Jan. -          Sales    Apartment     947        459             75                 0                182                        514                 521                 202                 150                      743            28           32                810                2,297                 113                       94                  7,167
  Jul. 2012                 Detached    $927,000   $743,000       $686,500          $426,750           $485,000                $670,000              $1,015,000           $545,000            $780,000                 $985,000      $495,000     $399,000           $878,000           $2,065,000           $1,852,000                $973,800
                  Median
                  Selling   Attached    $481,500   $464,900       $450,000             n/a             $292,500                $420,000              $652,000             $390,500            $467,250                 $527,444      $350,000     $287,500           $625,500           $866,839             $1,125,000                $566,000                n/a
Year-to-date       Price    Apartment   $367,000   $285,000       $335,000             n/a             $214,750                $309,625              $375,300             $239,000            $334,000                 $340,250      $260,000     $233,000           $350,000           $480,000             $700,000                  $235,000
                            Detached      870        863            433                18                713                        222                 818                 302                 150                     1,234          110          277               1,197               1,449                 818                       58                  9,532
                  Number
                    of      Attached      563        377             51                 1                327                        95                  241                 146                 137                      701            55           29                274                 500                   43                       83                  3,623
   Jan. -          Sales    Apartment    1,175       452             91                 0                174                        560                 556                 181                 179                     1,078           25           37                754                2,818                 146                       50                  8,276
  Jul. 2011                 Detached    $885,000   $710,500       $653,500             n/a             $480,750                $620,000              $921,500             $540,250            $829,000                 $990,000      $485,000     $390,000           $811,500           $2,050,000           $1,750,000                $815,000
                  Median
                  Selling   Attached    $490,000   $450,500       $439,000             n/a             $310,000                $409,000              $630,000             $385,000            $433,000                 $548,000      $341,847     $267,500           $600,500           $850,500             $1,114,000                $577,500                n/a
 Year-to-date      Price    Apartment   $352,000   $289,900       $333,000             n/a             $214,410                $300,000              $369,000             $241,000            $336,000                 $353,000      $231,000     $305,000           $344,800           $488,000             $760,000                  $245,000


Note: Median Selling Prices are not reported for areas with less than 20 sales or for the Gulf Islands
7                19       2012                                                                      MLS® LISTINGS Facts
                                                                                                                                                                                                                                                                                                        Sound




                                                                                                                       dows
                                                                                                                                                                                                                                                                                                            owe




                                                                                                                                      er



                                                                                                                itt Mea
                                                                                                                                           st
                                                                                                                                                                                                  elcarra
                                                                                                                                                                                                                                                                                    est




                                                                                                                                                                                 m
                                                                                                                                                                                                                                               ast
                                                                                                                                                                                                                                                                 ast
                                                                                                                                                                                                                                                                                                                              berton




                                                                                                                                                            uver
                                                                                                                                                                                                                                                                                                     ouver/H




            July




                                            y
                                                                                         - Gulf
                                                                                                                                                                                                                              ish




                                                                                                                                     estmin




                                                           lam
                                                                                                         Ridge/P
                                                                                                                                                                                            oody/B
                                                                                                                                                                                                                   ond
                                                                                                                                                                                                                                         ine Co




                                                                         South
                                                                                                                                                                          oquitla
                                                                                                                                                                                                                                                           uver E
                                                                                                                                                                                                                                                                             uver W




                                                                                                                                                       Vanco
                                                                                                                                                                                                                                                                                                                        er/Pem




            2012
                                                                                                                                                                                                                                                                                              t Vanc




                                          Burnab
                                                    Coquit
                                                                                                   Maple
                                                                                                                                                 North
                                                                                                                                                                   Port C
                                                                                                                                                                                     Port M
                                                                                                                                                                                                             Richm
                                                                                                                                                                                                                         Squam
                                                                                                                                                                                                                                    Sunsh
                                                                                                                                                                                                                                                      Vanco
                                                                                                                                                                                                                                                                        Vanco
                                                                                                                                                                                                                                                                                           Wes




                                                                                                                               New W
                                                                                                                                                                                                                                                                                                                  Whistl




                                                                 Delta -
                                                                                 Islands
                              Detached    188      178            76              20              193                          41               128                83                40                     286           45        118              246               265                131                      45                  2,083
                  Number
                     of       Attached    121       57             6               0               73                          17                53                38                37                     127           10         6                57                94                 11                      35                   742
     July         Listings    Apartment   288      152            27               0               66                         119               139                40                38                     214           7          15              157               650                 32                      33                  1,977
     2012                     Detached    31%      38%           41%             15%              56%                         56%               47%                53%               38%                    21%          47%        40%              44%               31%                35%                     27%
                 % Sales to
                              Attached    58%      49%           83%             n/a              48%                         82%               49%                55%               27%                    43%          130%       33%              42%               49%                18%                     94%                   n/a
                  Listings
                              Apartment   45%      38%           30%             n/a              50%                         62%               40%                60%               45%                    47%          86%        47%              66%               42%                53%                     48%
                              Detached    216      197            69              19              249                          56               176                69                50                     311           51        106              288               325                169                      29                  2,380
                  Number
                     of       Attached    131       80            15               0               55                          29                58                43                41                     145           34         14               65               128                 14                      50                   902
     June         Listings    Apartment   348      127            17               0               57                         155               162                51                62                     276           35         4               231               756                 26                      28                  2,335
     2012                     Detached    38%      51%           59%             32%              43%                         66%               41%                48%               22%                    24%          55%        58%              37%               31%                28%                     24%
                 % Sales to
                              Attached    56%      56%           67%             n/a              80%                         31%               36%                60%               39%                    41%          12%        43%              54%               36%                43%                     30%                   n/a
                  Listings
                              Apartment   38%      37%           88%             n/a              46%                         55%               43%                41%               29%                    41%          6%         100%             59%               44%                50%                     50%
                              Detached    205      179            74              13              212                          35               133                54                34                     292           46        112              287               279                161                      40                  2,156
                  Number
                     of       Attached    121       80            15               0               57                          15                37                37                50                     149           19         6                57                93                   6                     48                   790
     July         Listings    Apartment   293      113            25               0               54                         138               146                52                50                     281           27         15              173               724                 25                      35                  2,151
     2011                     Detached    46%      56%           68%             15%              51%                         80%               69%                74%               38%                    42%          37%        43%              50%               50%                53%                     33%
                 % Sales to
                              Attached    60%      58%           40%             n/a              74%                         87%               46%                46%               16%                    59%          11%        0%               70%               67%                83%                     29%                   n/a
                  Listings
                              Apartment   56%      55%           36%             n/a              39%                         50%               53%                40%               42%                    48%          0%         47%              52%               47%                72%                     11%
                              Detached    1,510    1,451         564             102              1,578                       334               1,287              504               319                    2,421        328        894              1,898             2,572              1,154                   222                  17,138
                  Number
                     of       Attached    992      526            77               1              493                         169               425                258               264                    1,133        161         69              496               895                112                     259                  6,330
    Jan. -        Listings    Apartment   2,339    1,080         177               0              438                         1,126             1,216              436               372                    2,023        143         89              1,574             5,564              260                     248                  17,085
   Jul. 2012                  Detached    39%      53%           52%             24%              46%                         57%               51%                53%               42%                    27%          38%        34%              46%               33%                37%                     29%
                 % Sales to
                              Attached    47%      52%           64%             100%             53%                         50%               48%                59%               51%                    42%          37%        41%              51%               38%                46%                     53%                   n/a
                  Listings
 Year-to-date*                Apartment   40%      43%           42%             n/a              42%                         46%               43%                46%               40%                    37%          20%        36%              51%               41%                43%                     38%
                              Detached    1,370    1,450         635             108              1,468                       323               1,264              471               305                    2,642        315        855              1,909             2,384              1,365                   201                  17,065
                  Number
                     of       Attached    923      580            90               0              530                         145               402                255               267                    1,311        145         71              436               889                 78                     307                  6,429
    Jan. -        Listings    Apartment   2,111    972           157              10              426                         1,041             1,138              445               409                    2,088        165        113              1,352             5,545              260                     233                  16,465
   Jul. 2011                  Detached    64%      60%           68%             17%              49%                         69%               65%                64%               49%                    47%          35%        32%              63%               61%                60%                     29%
                 % Sales to
                              Attached    61%      65%           57%             n/a              62%                         66%               60%                57%               51%                    53%          38%        41%              63%               56%                55%                     27%                   n/a
                  Listings
 Year-to-date*                Apartment   56%      47%           58%             0%               41%                         54%               49%                41%               44%                    52%          15%        33%              56%               51%                56%                     21%


* Year-to-date listings represent a cumulative total of listings rather than total active listings.
Listing & Sales Activity Summary

                                        Listings                                           Sales
                              1         2       3        Col. 2 & 3     5      6      7     Col. 6 & 7       9           10        Col. 9 & 10
                             Jul       Jun     Jul      Percentage     Jul    Jun    Jul   Percentage    May 2011 -   May 2012 -   Percentage
                            2011      2012    2012       Variance     2011   2012   2012    Variance     Jul 2011     Jul 2012      Variance


BURNABY                                                      %                                  %                                       %
DETACHED                     205       216     188         -13.0        95     83     58      -30.1          379          242         -36.1
ATTACHED                     121       131     121          -7.6        72     73     70       -4.1          248          215         -13.3
APARTMENTS                   293       348     288         -17.2       165    132    131       -0.8          558          423         -24.2

COQUITLAM
DETACHED                     179       197     178          -9.6       100    101     67      -33.7          400          289         -27.8
ATTACHED                      80        80      57         -28.8        46     45     28      -37.8          171          120         -29.8
APARTMENTS                   113       127     152          19.7        62     47     58       23.4          206          173         -16.0

DELTA
DETACHED                      74        69         76       10.1        50     41     31      -24.4          173          131         -24.3
ATTACHED                      15        15          6      -60.0         6     10      5      -50.0           20           23          15.0
APARTMENTS                    25        17         27       58.8         9     15      8      -46.7           41           35         -14.6

MAPLE RIDGE/PITT MEADOWS
DETACHED                     212       249     193         -22.5       109    108    108        0.0          328          352           7.3
ATTACHED                      57        55      73          32.7        42     44     35      -20.5          155          127         -18.1
APARTMENTS                    54        57      66          15.8        21     26     33       26.9           79           88          11.4

NORTH VANCOUVER
DETACHED                     133       176     128         -27.3        92     73     60      -17.8          394          256         -35.0
ATTACHED                      37        58      53          -8.6        17     21     26       23.8           92           86          -6.5
APARTMENTS                   146       162     139         -14.2        77     69     55      -20.3          256          217         -15.2

NEW WESTMINSTER
DETACHED                      35        56      41         -26.8        28     37     23      -37.8          105           91         -13.3
ATTACHED                      15        29      17         -41.4        13      9     14       55.6           49           42         -14.3
APARTMENTS                   138       155     119         -23.2        69     85     74      -12.9          256          246          -3.9

PORT MOODY/BELCARRA
DETACHED                      34        50         40      -20.0        13     11     15       36.4           72           61         -15.3
ATTACHED                      50        41         37       -9.8         8     16     10      -37.5           58           55          -5.2
APARTMENTS                    50        62         38      -38.7        21     18     17       -5.6           73           60         -17.8

PORT COQUITLAM
DETACHED                      54        69         83       20.3        40     33     44       33.3          137          125          -8.8
ATTACHED                      37        43         38      -11.6        17     26     21      -19.2           58           68          17.2
APARTMENTS                    52        51         40      -21.6        21     21     24       14.3           79           82           3.8

RICHMOND
DETACHED                     292       311     286          -8.0       123     76     60      -21.1          416          237         -43.0
ATTACHED                     149       145     127         -12.4        88     59     55       -6.8          277          191         -31.0
APARTMENTS                   281       276     214         -22.5       135    113    101      -10.6          409          307         -24.9

SUNSHINE COAST
DETACHED                     112       106     118          11.3        48     61     47      -23.0          145          153           5.5
ATTACHED                       6        14       6         -57.1         0      6      2      -66.7           11           12           9.1
APARTMENTS                    15         4      15         275.0         7      4      7       75.0           23           17         -26.1

SQUAMISH
DETACHED                      46        51         45      -11.8        17     28     21      -25.0           51           66          29.4
ATTACHED                      19        34         10      -70.6         2      4     13      225.0           22           32          45.5
APARTMENTS                    27        35          7      -80.0         0      2      6      200.0           11           11           0.0

VANCOUVER EAST
DETACHED                     287       288     246         -14.6       144    107    109        1.9          535          368         -31.2
ATTACHED                      57        65      57         -12.3        40     35     24      -31.4          112          109          -2.7
APARTMENTS                   173       231     157         -32.0        90    136    104      -23.5          300          350          16.7

VANCOUVER WEST
DETACHED                     279       325     265         -18.5       139    102     83      -18.6         580          307          -47.1
ATTACHED                      93       128      94         -26.6        62     46     46        0.0         202          141          -30.2
APARTMENTS                   724       756     650         -14.0       341    331    276      -16.6        1156         1009          -12.7

WHISTLER
DETACHED                      40        29         45       55.2        13      7     12       71.4           27           31          14.8
ATTACHED                      48        50         35      -30.0        14     15     33      120.0           41           75          82.9
APARTMENTS                    35        28         33       17.9         4     14     16       14.3           24           42          75.0

WEST VANCOUVER/HOWE SOUND
DETACHED                     161       169     131         -22.5        86     47     46       -2.1          387          162         -58.1
ATTACHED                       6        14      11         -21.4         5      6      2      -66.7           20           20           0.0
APARTMENTS                    25        26      32          23.1        18     13     17       30.8           63           49         -22.2

GRAND TOTALS
DETACHED                    2143     2361    2063        -12.6        1097    915   784     -14.3        4129         2871          -30.5
ATTACHED                     790      902     742        -17.7         432    415   384      -7.5        1536         1316          -14.3
APARTMENTS                  2151     2335    1977        -15.3        1040   1026   927      -9.6        3534         3109          -12.0
Residential Average Sale Prices - January 1977 to July 2012
                                                 DETACHED                  CONDOMINIUM                   ATTACHED                 APARTMENTS
  IN THOUSANDS ($)


1400


                                                                                                                                                                             $1,041,325


1200




1000




800



                                                                                                                                                                               $538,297

600




400
                                                                                                                                                                               $406,366




200




  0
       1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012


       NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.

More Related Content

What's hot

Rebgv stats package%2_c_may_2012_pdf_%282%29
Rebgv stats package%2_c_may_2012_pdf_%282%29Rebgv stats package%2_c_may_2012_pdf_%282%29
Rebgv stats package%2_c_may_2012_pdf_%282%29vancouverhomesteam
 
Vancouver real estate november 2012 stats package rebgv
Vancouver real estate november 2012 stats package rebgvVancouver real estate november 2012 stats package rebgv
Vancouver real estate november 2012 stats package rebgvMatt Collinge
 
Vancouver real estate stats package, january 2013
Vancouver real estate stats package, january 2013Vancouver real estate stats package, january 2013
Vancouver real estate stats package, january 2013Matt Collinge
 
REBGV Stats Package January 2012
REBGV Stats Package January 2012REBGV Stats Package January 2012
REBGV Stats Package January 2012vancouverhomesteam
 
Vancouver real estate stats package, june 2011
Vancouver real estate stats package, june 2011Vancouver real estate stats package, june 2011
Vancouver real estate stats package, june 2011Matt Collinge
 
October 2011 REBGV Stats Mike Stewart
October 2011 REBGV Stats Mike StewartOctober 2011 REBGV Stats Mike Stewart
October 2011 REBGV Stats Mike StewartMike Stewart
 
Rebgv stats package%2_c_october_2011_%282%29
Rebgv stats package%2_c_october_2011_%282%29Rebgv stats package%2_c_october_2011_%282%29
Rebgv stats package%2_c_october_2011_%282%29vancouverhomesteam
 
Vancouver real estate stats package September 2011
Vancouver real estate stats package September 2011Vancouver real estate stats package September 2011
Vancouver real estate stats package September 2011Matt Collinge
 
Vancouver real estate rebgv stats package january 2011
Vancouver real estate rebgv stats package january 2011Vancouver real estate rebgv stats package january 2011
Vancouver real estate rebgv stats package january 2011Matt Collinge
 
November 2011-rebgv-stats-adam scalena
November 2011-rebgv-stats-adam scalenaNovember 2011-rebgv-stats-adam scalena
November 2011-rebgv-stats-adam scalenavancouverhomesteam
 
Fraser Valley Real Estate Board Statistics Package January 2020
Fraser Valley Real Estate Board Statistics Package January 2020 Fraser Valley Real Estate Board Statistics Package January 2020
Fraser Valley Real Estate Board Statistics Package January 2020 Vicky Aulakh
 
Fraser Valley Real Estate Board June 2020
Fraser Valley Real Estate Board June 2020 Fraser Valley Real Estate Board June 2020
Fraser Valley Real Estate Board June 2020 Vicky Aulakh
 
Fvreb August 2020 Stats Package
Fvreb August 2020 Stats PackageFvreb August 2020 Stats Package
Fvreb August 2020 Stats PackageVicky Aulakh
 
Feb 20 package fvreb
Feb 20 package fvrebFeb 20 package fvreb
Feb 20 package fvrebVicky Aulakh
 

What's hot (16)

Rebgv stats package%2_c_may_2012_pdf_%282%29
Rebgv stats package%2_c_may_2012_pdf_%282%29Rebgv stats package%2_c_may_2012_pdf_%282%29
Rebgv stats package%2_c_may_2012_pdf_%282%29
 
Vancouver real estate november 2012 stats package rebgv
Vancouver real estate november 2012 stats package rebgvVancouver real estate november 2012 stats package rebgv
Vancouver real estate november 2012 stats package rebgv
 
Vancouver real estate stats package, january 2013
Vancouver real estate stats package, january 2013Vancouver real estate stats package, january 2013
Vancouver real estate stats package, january 2013
 
REBGV Stats Package January 2012
REBGV Stats Package January 2012REBGV Stats Package January 2012
REBGV Stats Package January 2012
 
Vancouver real estate stats package, june 2011
Vancouver real estate stats package, june 2011Vancouver real estate stats package, june 2011
Vancouver real estate stats package, june 2011
 
October 2011 REBGV Stats Mike Stewart
October 2011 REBGV Stats Mike StewartOctober 2011 REBGV Stats Mike Stewart
October 2011 REBGV Stats Mike Stewart
 
Rebgv stats package%2_c_october_2011_%282%29
Rebgv stats package%2_c_october_2011_%282%29Rebgv stats package%2_c_october_2011_%282%29
Rebgv stats package%2_c_october_2011_%282%29
 
Vancouver real estate stats package September 2011
Vancouver real estate stats package September 2011Vancouver real estate stats package September 2011
Vancouver real estate stats package September 2011
 
September 2011 REBGV
September 2011 REBGV September 2011 REBGV
September 2011 REBGV
 
Vancouver real estate rebgv stats package january 2011
Vancouver real estate rebgv stats package january 2011Vancouver real estate rebgv stats package january 2011
Vancouver real estate rebgv stats package january 2011
 
November 2011-rebgv-stats-adam scalena
November 2011-rebgv-stats-adam scalenaNovember 2011-rebgv-stats-adam scalena
November 2011-rebgv-stats-adam scalena
 
Fraser Valley Real Estate Board Statistics Package January 2020
Fraser Valley Real Estate Board Statistics Package January 2020 Fraser Valley Real Estate Board Statistics Package January 2020
Fraser Valley Real Estate Board Statistics Package January 2020
 
Manhattan Second Quarter 2011 Real Estate Market Report
Manhattan Second Quarter 2011 Real Estate Market Report Manhattan Second Quarter 2011 Real Estate Market Report
Manhattan Second Quarter 2011 Real Estate Market Report
 
Fraser Valley Real Estate Board June 2020
Fraser Valley Real Estate Board June 2020 Fraser Valley Real Estate Board June 2020
Fraser Valley Real Estate Board June 2020
 
Fvreb August 2020 Stats Package
Fvreb August 2020 Stats PackageFvreb August 2020 Stats Package
Fvreb August 2020 Stats Package
 
Feb 20 package fvreb
Feb 20 package fvrebFeb 20 package fvreb
Feb 20 package fvreb
 

Similar to 101842285 july-2012-rebgv-stats-package-adam-scalena

Rebgv stats package%2_c_october_2011_%282%29
Rebgv stats package%2_c_october_2011_%282%29Rebgv stats package%2_c_october_2011_%282%29
Rebgv stats package%2_c_october_2011_%282%29vancouverhomesteam
 
REBGV Stats for Sept 2011 Mike Stewart
REBGV Stats for Sept 2011 Mike StewartREBGV Stats for Sept 2011 Mike Stewart
REBGV Stats for Sept 2011 Mike StewartMike Stewart
 
BC Real Estate Forecast October 2012
BC Real Estate Forecast October 2012BC Real Estate Forecast October 2012
BC Real Estate Forecast October 2012Matt Collinge
 
Vancouver real estate stats package, December 2011
Vancouver real estate stats package, December 2011Vancouver real estate stats package, December 2011
Vancouver real estate stats package, December 2011Matt Collinge
 
REBGV Stats for December 2011 Courtesy Mike Stewart Vancouver Realtor
REBGV Stats for December 2011 Courtesy Mike Stewart Vancouver RealtorREBGV Stats for December 2011 Courtesy Mike Stewart Vancouver Realtor
REBGV Stats for December 2011 Courtesy Mike Stewart Vancouver RealtorMike Stewart
 
Risk Management Association\'s CRE Panel
Risk Management Association\'s CRE PanelRisk Management Association\'s CRE Panel
Risk Management Association\'s CRE Panelcesimpsoniii
 
REBGV January 2020 Statistics Package
REBGV January 2020 Statistics Package REBGV January 2020 Statistics Package
REBGV January 2020 Statistics Package Vicky Aulakh
 
March 2099 Stats Real Estate Board Of Greater Vancouver
March 2099 Stats Real Estate Board Of Greater VancouverMarch 2099 Stats Real Estate Board Of Greater Vancouver
March 2099 Stats Real Estate Board Of Greater VancouverChristopher R Anderson
 
FVREB January 2023 Statistics Package
FVREB January 2023 Statistics PackageFVREB January 2023 Statistics Package
FVREB January 2023 Statistics PackageVickyAulakh1
 
REBGV Statistics Package June 2020
REBGV Statistics Package June 2020REBGV Statistics Package June 2020
REBGV Statistics Package June 2020Vicky Aulakh
 

Similar to 101842285 july-2012-rebgv-stats-package-adam-scalena (20)

Nov 2012 rebgv stats
Nov 2012 rebgv statsNov 2012 rebgv stats
Nov 2012 rebgv stats
 
May 2012 REBGV Stats Package
May 2012 REBGV Stats PackageMay 2012 REBGV Stats Package
May 2012 REBGV Stats Package
 
Rebgv stats package%2_c_october_2011_%282%29
Rebgv stats package%2_c_october_2011_%282%29Rebgv stats package%2_c_october_2011_%282%29
Rebgv stats package%2_c_october_2011_%282%29
 
Stats Oct 11
Stats Oct 11Stats Oct 11
Stats Oct 11
 
REBGV Stats for Sept 2011 Mike Stewart
REBGV Stats for Sept 2011 Mike StewartREBGV Stats for Sept 2011 Mike Stewart
REBGV Stats for Sept 2011 Mike Stewart
 
BC Real Estate Forecast October 2012
BC Real Estate Forecast October 2012BC Real Estate Forecast October 2012
BC Real Estate Forecast October 2012
 
Vancouver real estate stats package, December 2011
Vancouver real estate stats package, December 2011Vancouver real estate stats package, December 2011
Vancouver real estate stats package, December 2011
 
REBGV Stats for December 2011 Courtesy Mike Stewart Vancouver Realtor
REBGV Stats for December 2011 Courtesy Mike Stewart Vancouver RealtorREBGV Stats for December 2011 Courtesy Mike Stewart Vancouver Realtor
REBGV Stats for December 2011 Courtesy Mike Stewart Vancouver Realtor
 
Risk Management Association\'s CRE Panel
Risk Management Association\'s CRE PanelRisk Management Association\'s CRE Panel
Risk Management Association\'s CRE Panel
 
REBGV January 2020 Statistics Package
REBGV January 2020 Statistics Package REBGV January 2020 Statistics Package
REBGV January 2020 Statistics Package
 
Houston Market Report August 2010
Houston Market Report August 2010Houston Market Report August 2010
Houston Market Report August 2010
 
Houston Market Report February 2010
Houston Market Report February 2010Houston Market Report February 2010
Houston Market Report February 2010
 
March 2099 Stats Real Estate Board Of Greater Vancouver
March 2099 Stats Real Estate Board Of Greater VancouverMarch 2099 Stats Real Estate Board Of Greater Vancouver
March 2099 Stats Real Estate Board Of Greater Vancouver
 
Houston Market Report July 2010
Houston Market Report July 2010Houston Market Report July 2010
Houston Market Report July 2010
 
FVREB January 2023 Statistics Package
FVREB January 2023 Statistics PackageFVREB January 2023 Statistics Package
FVREB January 2023 Statistics Package
 
Houston Market Report April 2010
Houston Market Report April 2010Houston Market Report April 2010
Houston Market Report April 2010
 
REBGV Statistics Package June 2020
REBGV Statistics Package June 2020REBGV Statistics Package June 2020
REBGV Statistics Package June 2020
 
Houston Market Report March 2010
Houston Market Report March 2010Houston Market Report March 2010
Houston Market Report March 2010
 
Houston Market Report January 2010
Houston Market Report January 2010Houston Market Report January 2010
Houston Market Report January 2010
 
Houston Market Report May 2010
Houston Market Report May 2010Houston Market Report May 2010
Houston Market Report May 2010
 

Recently uploaded

Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxContemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxMarkAnthonyAurellano
 
8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCRashishs7044
 
Case study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailCase study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailAriel592675
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCRashishs7044
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessSeta Wicaksana
 
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / NcrCall Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncrdollysharma2066
 
India Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample ReportIndia Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample ReportMintel Group
 
Future Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted VersionFuture Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted VersionMintel Group
 
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...ictsugar
 
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...lizamodels9
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Kirill Klimov
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation SlidesKeppelCorporation
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMintel Group
 
Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Seta Wicaksana
 
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdfNewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdfKhaled Al Awadi
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Pereraictsugar
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCRashishs7044
 
Call Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any TimeCall Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any Timedelhimodelshub1
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,noida100girls
 
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,noida100girls
 

Recently uploaded (20)

Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxContemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
 
8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR
 
Case study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailCase study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detail
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful Business
 
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / NcrCall Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
 
India Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample ReportIndia Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample Report
 
Future Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted VersionFuture Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted Version
 
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
 
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 Edition
 
Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...
 
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdfNewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Perera
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
 
Call Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any TimeCall Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any Time
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
 
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
 

101842285 july-2012-rebgv-stats-package-adam-scalena

  • 1. News Release FOR IMMEDIATE RELEASE Greater Vancouver housing market hits summer lull VANCOUVER, B.C. – August 2, 2012 – Residential property sales in Greater Vancouver remained at a 10-year low in July, while the number of properties being listed for sale continued to edge down and prices remained relatively stable. The Real Estate Board of Greater Vancouver (REBGV) reports that there were 2,098 residential property sales of detached, attached and apartment properties in July. That’s an 18.4 per cent decline compared to the 2,571 sales in July 2011 and an 11.2 per cent decline compared to the previous month’s 2,362 sales. July sales were the lowest total for that month in the region since 2000. They were 31.2 per cent below the 10-year July sales average of 3,051. “People appear to be cautious about making significant financial decisions right now. While our local economy ap- pears to be quite robust, there may be some concern about the impact of international markets and the federal govern- ment’s tightening of mortgage regulations,” says Eugen Klein, REBGV president. New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,802 in July, the lowest number of new listings for any month this year. This represents a 5.8 per cent decline compared to July 2011 when 5,097 properties were newly listed for sale on the Multiple Listing Service® (MLS®) and a 14.5 per cent decline compared to the 5,617 new listings reported in June 2012. At 18,081, the total number of active residential property listings on the MLS® increased 18.8 per cent from this time last year and decreased 2.2 per cent compared to the previous month. “With a sales-to-actives-listing ratio of 11.6 per cent, conditions have favoured buyers in our marketplace in recent months,” Klein said. “That means buyers have more selection to choose from and more time to make a decision. For sell- ers, it’s important to price properties competitively. For information on local market prices, contact your REALTOR®.” The MLS® Home Price Index (MLS® HPI) composite benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 0.6% to $616,000 and declined 0.7% compared to last month. Sales of detached properties on the MLS® in July 2012 reached 787, a decrease of 28.4 per cent from the 1,099 de- tached sales recorded in July 2011, and a 13.3 per cent decrease from the 908 units sold in July 2010. The benchmark price for detached properties increased 1.4 per cent from July 2011 to $950,200 and declined 1.2 per cent compared to last month. Sales of apartment properties reached 927 in July 2012, a 10.9 per cent decrease compared to the 1,040 sales in July 2011, and a decrease of 5.3 per cent compared to the 979 sales in July 2010. The benchmark price of an apartment property remains unchanged compared to July 2011 at $374,300 and declined 0.5 per cent compared to last month. Attached property sales in July 2012 totalled 384, an 11.1 per cent decrease compared to the 432 sales in July 2011, and a 4.3 per cent increase from the 368 attached properties sold in July 2010. The benchmark price of an attached unit decreased 0.5 per cent between July 2011 and 2012 to $468,700 and is relatively unchanged compared to last month. -30- The real estate industry is a key economic driver in British Columbia. In 2011, 32,390 homes changed ownership in the Board’s area, generating $1.36 billion in spin-off activity and 9,069 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancou- ver totalled $25 billion in 2011. The Real Estate Board of Greater Vancouver is an association representing 11,000 REALTORS® and their com- panies. The Board provides a variety of member services, including the Multiple Listing Service®.For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.rebgv.org. For more information please contact: Jesse Lalime, Communications Coordinator Real Estate Board of Greater Vancouver Phone: (604) 730-3077 Fax: (604) 730-3102 E-mail: jlalime@rebgv.org also available at  www.realtylink.org
  • 2. * July 2012 Benchmark Price 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Property Type Area Price Index Change % Change % Change % Change % Change % Change % Residential / Composite Lower Mainland $553,300 156.2 -0.4% -0.4% 2.2% 1.2% 16.1% 12.1% Greater Vancouver $616,000 161.5 -0.7% -0.9% 1.8% 0.6% 18.4% 15.8% Bowen Island $601,000 130.3 -3.8% -3.1% 6.8% -1.1% 3.2% -4.6% Burnaby East $569,900 157.3 -0.3% -0.8% 2.5% 2.1% 15.6% 12.8% Burnaby North $521,600 155.8 -1.3% -0.8% 0.9% -0.3% 15.2% 12.3% Burnaby South $579,600 163.4 -0.7% -0.4% 2.3% -1.2% 20.0% 18.3% Coquitlam $507,500 150.1 -0.8% 0.4% 3.9% 1.3% 15.4% 9.3% Ladner $550,000 153.0 -0.3% -0.5% 4.2% 1.5% 16.8% 15.2% Maple Ridge $390,500 132.0 -0.4% -0.2% 0.1% -2.1% 4.1% -2.4% New Westminster $370,200 158.9 -0.5% -1.1% 3.3% 1.3% 13.8% 10.0% North Vancouver $654,500 148.1 -0.9% -0.5% 2.4% 3.9% 14.7% 9.0% Pitt Meadows $375,800 136.1 -0.4% -0.5% 0.1% -3.1% 3.5% -2.5% Port Coquitlam $400,500 142.2 -1.0% -1.8% 0.1% -1.5% 6.7% 1.8% Port Moody $512,000 141.4 -0.2% 1.9% 5.4% 2.1% 9.7% 3.4% Richmond $585,100 169.9 -0.8% -2.4% -0.8% -1.5% 22.1% 23.5% Squamish $406,000 131.1 0.3% 2.0% 6.2% 4.0% 3.0% 3.2% Sunshine Coast $365,100 127.9 -1.8% -3.5% 1.4% -3.2% -0.5% -6.1% Tsawwassen $616,200 155.3 0.0% 2.0% 7.5% 3.9% 17.6% 15.4% Vancouver East $619,300 181.2 -0.4% 0.6% 4.8% 4.0% 25.3% 26.0% Vancouver West $817,100 172.2 -0.7% -1.3% 0.5% 0.3% 21.4% 20.5% West Vancouver $1,610,500 172.9 -2.1% -1.8% 6.1% 4.9% 38.1% 20.9% Whistler $591,900 163.2 -0.4% 0.9% 7.3% 0.0% 27.5% 29.0% Single Family Detached Lower Mainland $772,200 164.1 -0.7% -0.5% 2.6% 2.1% 24.8% 19.6% Greater Vancouver $950,200 175.6 -1.2% -1.4% 2.2% 1.4% 30.7% 27.1% Bowen Island $601,000 130.3 -3.8% -3.1% 6.7% -1.1% 3.2% -4.6% Burnaby East $756,700 169.2 -0.5% -1.6% 3.9% 4.9% 24.7% 23.1% Burnaby North $928,500 179.2 -2.1% -0.4% 1.7% 2.8% 30.7% 30.3% Burnaby South $998,500 191.4 -1.5% 0.8% 5.9% 3.9% 40.8% 39.8% Coquitlam $719,900 159.5 -0.4% 1.7% 5.9% 4.3% 23.1% 17.5% Ladner $638,200 154.0 -0.3% -1.5% 4.5% 2.1% 19.4% 16.7% Maple Ridge $463,400 131.7 -0.6% 0.0% 0.4% -1.3% 6.3% 0.0% New Westminster $676,400 167.8 -0.9% -1.7% 2.3% 2.6% 23.7% 22.4% North Vancouver $963,000 153.7 -1.5% -0.2% 2.3% 5.1% 20.6% 13.9% Pitt Meadows $500,600 139.7 -0.1% -0.6% -1.1% 0.1% 7.8% 3.3% Port Coquitlam $561,600 150.0 -0.6% 1.1% 3.2% 2.0% 15.8% 10.7% Port Moody $852,200 157.9 1.0% 3.1% 7.7% 3.4% 22.1% 15.2% Richmond $979,800 197.3 -1.9% -4.5% -1.6% -3.9% 39.0% 41.2% Squamish $502,700 135.8 0.0% 1.5% -0.6% 2.3% 7.9% 5.8% Sunshine Coast $363,700 127.4 -1.7% -3.6% 1.3% -3.6% -0.9% -6.5% Tsawwassen $738,400 159.0 -0.3% 1.5% 7.6% 5.0% 21.6% 18.6% Vancouver East $863,200 190.6 -0.2% 1.3% 4.8% 5.5% 37.2% 37.5% Vancouver West $2,170,500 223.0 -1.5% -3.8% 0.6% 0.0% 50.9% 48.3% West Vancouver $1,909,400 181.8 -1.9% -1.6% 6.7% 5.9% 45.2% 26.8% Whistler $838,100 124.5 1.7% 2.4% -1.8% -5.0% -2.4% -1.4% HOW TO READ THE TABLE: • Benchmark Price: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market. • Price Index: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales. • x Month/Year Change %: Percentage change of index over a period of x month(s)/year(s) * In January 2005, the indexes are set to 100. Townhome properties are similar to Attached properties, a category that was used in the previous MLSLink HPI, but do not included duplexes. The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN. * MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association 1 of 10
  • 3. * July 2012 Benchmark Price 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Property Type Area Price Index Change % Change % Change % Change % Change % Change % Townhouse Lower Mainland $399,500 145.0 -0.2% -0.8% 1.8% -0.6% 10.2% 6.6% Greater Vancouver $468,700 152.1 0.1% -0.6% 2.4% -0.5% 13.6% 11.8% Burnaby East $421,800 151.3 -0.1% 0.1% 2.8% 2.0% 13.0% 10.8% Burnaby North $399,800 149.1 -0.3% -1.9% -3.6% -6.9% 10.0% 7.0% Burnaby South $417,200 149.7 -1.4% -1.8% -0.9% -2.5% 11.4% 11.2% Coquitlam $382,800 140.6 0.0% -0.1% 2.5% -2.0% 8.7% 4.3% Ladner $442,400 146.6 -2.0% -1.7% -1.5% -3.0% 9.2% 10.2% Maple Ridge $277,900 135.0 0.8% 1.1% 1.0% -2.7% 2.8% -3.7% New Westminster $397,200 149.2 -1.0% -0.5% 4.7% 1.0% 12.8% 10.4% North Vancouver $597,500 143.0 0.3% -1.2% 1.4% 3.0% 11.7% 8.3% Pitt Meadows $321,500 139.1 -0.2% 0.9% 3.2% -6.1% 5.0% -0.9% Port Coquitlam $372,700 141.9 0.0% -2.5% 0.6% -1.1% 6.9% 2.6% Port Moody $412,200 139.3 0.4% 1.0% 4.0% -2.2% 7.2% 1.7% Richmond $506,400 163.7 0.4% -0.4% 1.0% -0.7% 20.9% 22.9% Squamish $354,600 128.7 1.7% -0.7% 17.3% 3.4% 0.9% 5.2% Tsawwassen $460,900 142.5 -2.4% -1.8% -0.1% -8.0% 6.1% 7.1% Vancouver East $527,500 173.9 1.1% 0.4% 5.6% 4.9% 17.1% 19.0% Vancouver West $710,900 160.8 -0.3% 0.3% 6.3% 3.3% 18.8% 17.5% Whistler $463,100 141.5 -1.0% -4.4% 15.1% 0.9% 11.0% 15.7% Apartment Lower Mainland $342,800 150.4 -0.3% -0.2% 1.8% 0.3% 7.7% 4.4% Greater Vancouver $374,300 151.3 -0.5% -0.4% 1.3% 0.0% 8.8% 6.5% Burnaby East $365,900 138.9 -0.1% -0.9% 1.6% -4.1% -3.1% -7.3% Burnaby North $337,900 142.8 -0.9% -0.2% 2.3% 0.0% 6.4% 2.2% Burnaby South $378,600 152.0 -0.3% -1.2% 1.1% -5.1% 10.9% 8.6% Coquitlam $252,900 139.2 -2.1% -1.7% 1.0% -2.5% 6.2% -1.5% Ladner $329,500 156.2 1.5% 5.4% 6.0% 4.8% 15.4% 14.4% Maple Ridge $176,900 129.0 -1.1% -3.6% -2.7% -3.4% -3.6% -12.5% New Westminster $274,500 156.9 -0.2% -0.9% 3.5% 0.8% 10.8% 6.2% North Vancouver $350,500 142.3 -0.5% -0.5% 3.0% 2.3% 8.5% 3.3% Pitt Meadows $215,700 127.5 -1.2% -1.3% -0.5% -3.6% -4.7% -13.6% Port Coquitlam $222,200 131.7 -2.5% -5.5% -4.5% -7.1% -4.8% -10.0% Port Moody $313,700 130.7 -1.7% 1.3% 3.9% 4.1% 2.1% -4.2% Richmond $349,800 148.3 -0.1% -1.1% -0.9% 0.5% 6.6% 6.9% Squamish $253,600 122.0 -1.9% 6.0% 13.0% 8.3% -5.4% -6.5% Tsawwassen $349,200 146.9 1.5% 4.4% 6.2% 3.2% 8.6% 7.6% Vancouver East $311,100 171.6 -0.8% -0.2% 5.1% 2.6% 13.1% 13.6% Vancouver West $476,100 154.1 -0.2% 0.2% 0.1% -0.1% 9.4% 9.1% West Vancouver $614,200 134.2 -3.1% -2.7% 1.8% -1.3% 6.8% -5.0% Whistler $250,800 230.1 -1.7% 3.5% 3.9% -7.3% 78.4% 76.3% HOW TO READ THE TABLE: • Benchmark Price: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market. • Price Index: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales. • x Month/Year Change %: Percentage change of index over a period of x month(s)/year(s) In January 2005, the indexes are set to 100. * Townhome properties are similar to attached properties, a category that was used in the previous MLSLink HPI, but do not included duplexes. Lower Mainland includes areas serviced by both Real Estate Board of Greater Vancouver & Fraser Valley Real Estate Board. The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN. * MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association 2 of 10
  • 4. Jul 2012 May 2012 Mar 2012 Jan 2012 Nov 2011 Sep 2011 Jul 2011 May 2011 Apartment Mar 2011 Jan 2011 Nov 2010 Sep 2010 Jul 2010 Townhouse Greater Vancouver May 2010 5 Year Trend Mar 2010 Jan 2010 Nov 2009 Detached Sep 2009 Jul 2009 May 2009 Mar 2009 Residential Jan 2009 Nov 2008 C:DATAMonthEndHpiexporthi_resgv-hpi2.tif Sep 2008 Jul 2008 May 2008 Mar 2008 Jan 2008 Jan 2005 HPI = 100 Nov 2007 Sep 2007 Jul 2007 90 190 180 170 160 150 140 130 120 110 100 Price Index
  • 5. 7 19 2012 MLS® SALES Facts Sound dows owe er itt Mea st elcarra est m ast ast berton uver ouver/H July y - Gulf ish estmin lam Ridge/P oody/B ond ine Co South oquitla uver E uver W Vanco er/Pem 2012 t Vanc Burnab Vanco Vanco Wes Coquit Maple New W North Port C Port M Richm Squam Sunsh Whistl Delta - Islands Detached 58 67 31 3 108 23 60 44 15 60 21 47 109 83 46 12 787 Number of Attached 70 28 5 0 35 14 26 21 10 55 13 2 24 46 2 33 384 July Sales Apartment 131 58 8 0 33 74 55 24 17 101 6 7 104 276 17 16 927 2012 Detached $864,000 $729,950 $610,000 n/a $487,500 $650,000 $1,017,500 $537,500 n/a $1,010,000 $500,000 $377,000 $852,500 $2,090,000 $1,930,000 n/a Median Selling Attached $447,000 $502,500 n/a n/a $285,000 n/a $615,000 $382,000 n/a $493,000 n/a n/a $618,000 $814,500 n/a $670,000 n/a Price Apartment $333,000 $266,900 n/a n/a $193,500 $281,000 $356,500 $226,000 n/a $328,000 n/a n/a $332,500 $450,750 n/a n/a Detached 83 101 41 6 108 37 73 33 11 76 28 61 107 102 47 7 921 Number of Attached 73 45 10 0 44 9 21 26 16 59 4 6 35 46 6 15 415 June Sales Apartment 132 47 15 0 26 85 69 21 18 113 2 4 136 331 13 14 1,026 2012 Detached $990,000 $738,000 $664,000 n/a $491,750 $650,000 $975,000 $558,000 n/a $912,000 $482,000 $402,500 $855,000 $1,879,000 $1,835,000 n/a Median Selling Attached $508,000 $464,000 n/a n/a $288,000 n/a $630,000 $385,137 n/a $545,000 n/a n/a $658,000 $900,450 n/a n/a n/a Price Apartment $354,000 $270,000 n/a n/a $207,500 $321,500 $362,500 $242,800 n/a $340,500 n/a n/a $347,450 $485,000 n/a n/a Detached 95 100 50 2 109 28 92 40 13 123 17 48 144 139 86 13 1,099 Number of Attached 72 46 6 0 42 13 17 17 8 88 2 0 40 62 5 14 432 July Sales Apartment 165 62 9 0 21 69 77 21 21 135 0 7 90 341 18 4 1,040 2011 Detached $875,500 $698,000 $709,500 n/a $500,000 $657,000 $905,500 $570,000 n/a $945,000 n/a $401,000 $848,500 $2,037,500 $1,865,000 n/a Median Selling Attached $528,000 $451,000 n/a n/a $314,633 n/a n/a n/a n/a $561,000 n/a n/a $586,750 $820,500 n/a n/a n/a Price Apartment $357,000 $280,000 n/a n/a $216,500 $295,000 $363,000 $225,000 $346,000 $355,800 n/a n/a $347,200 $490,000 n/a n/a Detached 595 763 294 24 721 192 655 266 134 663 123 305 876 852 430 64 6,957 Number of Attached 464 276 49 1 263 84 206 151 134 481 60 28 255 342 52 138 2,984 Jan. - Sales Apartment 947 459 75 0 182 514 521 202 150 743 28 32 810 2,297 113 94 7,167 Jul. 2012 Detached $927,000 $743,000 $686,500 $426,750 $485,000 $670,000 $1,015,000 $545,000 $780,000 $985,000 $495,000 $399,000 $878,000 $2,065,000 $1,852,000 $973,800 Median Selling Attached $481,500 $464,900 $450,000 n/a $292,500 $420,000 $652,000 $390,500 $467,250 $527,444 $350,000 $287,500 $625,500 $866,839 $1,125,000 $566,000 n/a Year-to-date Price Apartment $367,000 $285,000 $335,000 n/a $214,750 $309,625 $375,300 $239,000 $334,000 $340,250 $260,000 $233,000 $350,000 $480,000 $700,000 $235,000 Detached 870 863 433 18 713 222 818 302 150 1,234 110 277 1,197 1,449 818 58 9,532 Number of Attached 563 377 51 1 327 95 241 146 137 701 55 29 274 500 43 83 3,623 Jan. - Sales Apartment 1,175 452 91 0 174 560 556 181 179 1,078 25 37 754 2,818 146 50 8,276 Jul. 2011 Detached $885,000 $710,500 $653,500 n/a $480,750 $620,000 $921,500 $540,250 $829,000 $990,000 $485,000 $390,000 $811,500 $2,050,000 $1,750,000 $815,000 Median Selling Attached $490,000 $450,500 $439,000 n/a $310,000 $409,000 $630,000 $385,000 $433,000 $548,000 $341,847 $267,500 $600,500 $850,500 $1,114,000 $577,500 n/a Year-to-date Price Apartment $352,000 $289,900 $333,000 n/a $214,410 $300,000 $369,000 $241,000 $336,000 $353,000 $231,000 $305,000 $344,800 $488,000 $760,000 $245,000 Note: Median Selling Prices are not reported for areas with less than 20 sales or for the Gulf Islands
  • 6. 7 19 2012 MLS® LISTINGS Facts Sound dows owe er itt Mea st elcarra est m ast ast berton uver ouver/H July y - Gulf ish estmin lam Ridge/P oody/B ond ine Co South oquitla uver E uver W Vanco er/Pem 2012 t Vanc Burnab Coquit Maple North Port C Port M Richm Squam Sunsh Vanco Vanco Wes New W Whistl Delta - Islands Detached 188 178 76 20 193 41 128 83 40 286 45 118 246 265 131 45 2,083 Number of Attached 121 57 6 0 73 17 53 38 37 127 10 6 57 94 11 35 742 July Listings Apartment 288 152 27 0 66 119 139 40 38 214 7 15 157 650 32 33 1,977 2012 Detached 31% 38% 41% 15% 56% 56% 47% 53% 38% 21% 47% 40% 44% 31% 35% 27% % Sales to Attached 58% 49% 83% n/a 48% 82% 49% 55% 27% 43% 130% 33% 42% 49% 18% 94% n/a Listings Apartment 45% 38% 30% n/a 50% 62% 40% 60% 45% 47% 86% 47% 66% 42% 53% 48% Detached 216 197 69 19 249 56 176 69 50 311 51 106 288 325 169 29 2,380 Number of Attached 131 80 15 0 55 29 58 43 41 145 34 14 65 128 14 50 902 June Listings Apartment 348 127 17 0 57 155 162 51 62 276 35 4 231 756 26 28 2,335 2012 Detached 38% 51% 59% 32% 43% 66% 41% 48% 22% 24% 55% 58% 37% 31% 28% 24% % Sales to Attached 56% 56% 67% n/a 80% 31% 36% 60% 39% 41% 12% 43% 54% 36% 43% 30% n/a Listings Apartment 38% 37% 88% n/a 46% 55% 43% 41% 29% 41% 6% 100% 59% 44% 50% 50% Detached 205 179 74 13 212 35 133 54 34 292 46 112 287 279 161 40 2,156 Number of Attached 121 80 15 0 57 15 37 37 50 149 19 6 57 93 6 48 790 July Listings Apartment 293 113 25 0 54 138 146 52 50 281 27 15 173 724 25 35 2,151 2011 Detached 46% 56% 68% 15% 51% 80% 69% 74% 38% 42% 37% 43% 50% 50% 53% 33% % Sales to Attached 60% 58% 40% n/a 74% 87% 46% 46% 16% 59% 11% 0% 70% 67% 83% 29% n/a Listings Apartment 56% 55% 36% n/a 39% 50% 53% 40% 42% 48% 0% 47% 52% 47% 72% 11% Detached 1,510 1,451 564 102 1,578 334 1,287 504 319 2,421 328 894 1,898 2,572 1,154 222 17,138 Number of Attached 992 526 77 1 493 169 425 258 264 1,133 161 69 496 895 112 259 6,330 Jan. - Listings Apartment 2,339 1,080 177 0 438 1,126 1,216 436 372 2,023 143 89 1,574 5,564 260 248 17,085 Jul. 2012 Detached 39% 53% 52% 24% 46% 57% 51% 53% 42% 27% 38% 34% 46% 33% 37% 29% % Sales to Attached 47% 52% 64% 100% 53% 50% 48% 59% 51% 42% 37% 41% 51% 38% 46% 53% n/a Listings Year-to-date* Apartment 40% 43% 42% n/a 42% 46% 43% 46% 40% 37% 20% 36% 51% 41% 43% 38% Detached 1,370 1,450 635 108 1,468 323 1,264 471 305 2,642 315 855 1,909 2,384 1,365 201 17,065 Number of Attached 923 580 90 0 530 145 402 255 267 1,311 145 71 436 889 78 307 6,429 Jan. - Listings Apartment 2,111 972 157 10 426 1,041 1,138 445 409 2,088 165 113 1,352 5,545 260 233 16,465 Jul. 2011 Detached 64% 60% 68% 17% 49% 69% 65% 64% 49% 47% 35% 32% 63% 61% 60% 29% % Sales to Attached 61% 65% 57% n/a 62% 66% 60% 57% 51% 53% 38% 41% 63% 56% 55% 27% n/a Listings Year-to-date* Apartment 56% 47% 58% 0% 41% 54% 49% 41% 44% 52% 15% 33% 56% 51% 56% 21% * Year-to-date listings represent a cumulative total of listings rather than total active listings.
  • 7. Listing & Sales Activity Summary Listings Sales 1 2 3 Col. 2 & 3 5 6 7 Col. 6 & 7 9 10 Col. 9 & 10 Jul Jun Jul Percentage Jul Jun Jul Percentage May 2011 - May 2012 - Percentage 2011 2012 2012 Variance 2011 2012 2012 Variance Jul 2011 Jul 2012 Variance BURNABY % % % DETACHED 205 216 188 -13.0 95 83 58 -30.1 379 242 -36.1 ATTACHED 121 131 121 -7.6 72 73 70 -4.1 248 215 -13.3 APARTMENTS 293 348 288 -17.2 165 132 131 -0.8 558 423 -24.2 COQUITLAM DETACHED 179 197 178 -9.6 100 101 67 -33.7 400 289 -27.8 ATTACHED 80 80 57 -28.8 46 45 28 -37.8 171 120 -29.8 APARTMENTS 113 127 152 19.7 62 47 58 23.4 206 173 -16.0 DELTA DETACHED 74 69 76 10.1 50 41 31 -24.4 173 131 -24.3 ATTACHED 15 15 6 -60.0 6 10 5 -50.0 20 23 15.0 APARTMENTS 25 17 27 58.8 9 15 8 -46.7 41 35 -14.6 MAPLE RIDGE/PITT MEADOWS DETACHED 212 249 193 -22.5 109 108 108 0.0 328 352 7.3 ATTACHED 57 55 73 32.7 42 44 35 -20.5 155 127 -18.1 APARTMENTS 54 57 66 15.8 21 26 33 26.9 79 88 11.4 NORTH VANCOUVER DETACHED 133 176 128 -27.3 92 73 60 -17.8 394 256 -35.0 ATTACHED 37 58 53 -8.6 17 21 26 23.8 92 86 -6.5 APARTMENTS 146 162 139 -14.2 77 69 55 -20.3 256 217 -15.2 NEW WESTMINSTER DETACHED 35 56 41 -26.8 28 37 23 -37.8 105 91 -13.3 ATTACHED 15 29 17 -41.4 13 9 14 55.6 49 42 -14.3 APARTMENTS 138 155 119 -23.2 69 85 74 -12.9 256 246 -3.9 PORT MOODY/BELCARRA DETACHED 34 50 40 -20.0 13 11 15 36.4 72 61 -15.3 ATTACHED 50 41 37 -9.8 8 16 10 -37.5 58 55 -5.2 APARTMENTS 50 62 38 -38.7 21 18 17 -5.6 73 60 -17.8 PORT COQUITLAM DETACHED 54 69 83 20.3 40 33 44 33.3 137 125 -8.8 ATTACHED 37 43 38 -11.6 17 26 21 -19.2 58 68 17.2 APARTMENTS 52 51 40 -21.6 21 21 24 14.3 79 82 3.8 RICHMOND DETACHED 292 311 286 -8.0 123 76 60 -21.1 416 237 -43.0 ATTACHED 149 145 127 -12.4 88 59 55 -6.8 277 191 -31.0 APARTMENTS 281 276 214 -22.5 135 113 101 -10.6 409 307 -24.9 SUNSHINE COAST DETACHED 112 106 118 11.3 48 61 47 -23.0 145 153 5.5 ATTACHED 6 14 6 -57.1 0 6 2 -66.7 11 12 9.1 APARTMENTS 15 4 15 275.0 7 4 7 75.0 23 17 -26.1 SQUAMISH DETACHED 46 51 45 -11.8 17 28 21 -25.0 51 66 29.4 ATTACHED 19 34 10 -70.6 2 4 13 225.0 22 32 45.5 APARTMENTS 27 35 7 -80.0 0 2 6 200.0 11 11 0.0 VANCOUVER EAST DETACHED 287 288 246 -14.6 144 107 109 1.9 535 368 -31.2 ATTACHED 57 65 57 -12.3 40 35 24 -31.4 112 109 -2.7 APARTMENTS 173 231 157 -32.0 90 136 104 -23.5 300 350 16.7 VANCOUVER WEST DETACHED 279 325 265 -18.5 139 102 83 -18.6 580 307 -47.1 ATTACHED 93 128 94 -26.6 62 46 46 0.0 202 141 -30.2 APARTMENTS 724 756 650 -14.0 341 331 276 -16.6 1156 1009 -12.7 WHISTLER DETACHED 40 29 45 55.2 13 7 12 71.4 27 31 14.8 ATTACHED 48 50 35 -30.0 14 15 33 120.0 41 75 82.9 APARTMENTS 35 28 33 17.9 4 14 16 14.3 24 42 75.0 WEST VANCOUVER/HOWE SOUND DETACHED 161 169 131 -22.5 86 47 46 -2.1 387 162 -58.1 ATTACHED 6 14 11 -21.4 5 6 2 -66.7 20 20 0.0 APARTMENTS 25 26 32 23.1 18 13 17 30.8 63 49 -22.2 GRAND TOTALS DETACHED 2143 2361 2063 -12.6 1097 915 784 -14.3 4129 2871 -30.5 ATTACHED 790 902 742 -17.7 432 415 384 -7.5 1536 1316 -14.3 APARTMENTS 2151 2335 1977 -15.3 1040 1026 927 -9.6 3534 3109 -12.0
  • 8. Residential Average Sale Prices - January 1977 to July 2012 DETACHED CONDOMINIUM ATTACHED APARTMENTS IN THOUSANDS ($) 1400 $1,041,325 1200 1000 800 $538,297 600 400 $406,366 200 0 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.