SALES SOAR IN JANUARY 2016
Sales volume for Residential properties in Greater Vancouver increased by almost 32% over the same period in January 2015. They were 46% above the 10 year sales average for the month and ranked the second highest January on record.
Detached Residential Properties increased by an average of 28% from January 2015 while attached properties increased by 16% over the same period.
Increases & market activity varied from different regions in the lower mainland.
The following areas were leaders in Sale price increases from January 2015 as follows:
Currently overall it is a "Sellers Market" where the home Buyer demand is high and the Home seller supply is low. The total number of properties currently listed for sale on the MLS system in Metro Vancouver is 6,635 a 38% decline compared to Jan 2015. The sales to active listing ratio for January 2016 was 38%.
If you are thinking of Selling it is an ideal time, especially now when inventory levels are low. It is also important to always price your home sharply & competitively to obtain its maximum value!
If you require any real assistance in Selling or Buying please do not hesitate to contact me...
"Call me I'm Holm!"