{"id":127,"date":"2014-10-14T21:27:12","date_gmt":"2014-10-14T21:27:12","guid":{"rendered":"http:\/\/chrisbrownrealestate.ca\/blog\/?p=127"},"modified":"2014-10-14T21:30:07","modified_gmt":"2014-10-14T21:30:07","slug":"real-estate-board-greater-vancouver-stats-september-2014","status":"publish","type":"post","link":"https:\/\/www.chrisbrownrealestate.ca\/blog\/real-estate-board-greater-vancouver-stats-september-2014\/","title":{"rendered":"Real Estate Board Greater Vancouver Stats September 2014"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"\/\/www.youtube.com\/embed\/wzqvDtNVuDM\" width=\"853\" height=\"480\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h3 class=\"p1\">Home sales activity picks up the pace in September<\/h3>\n<p class=\"p2\"><strong>Home buyers were active in Metro Vancouver last month, with home sales well exceeding the 10-year average for September.<\/strong><\/p>\n<p>The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,922 on the Multiple Listing Service\u00ae (MLS\u00ae) in September 2014. This represents a 17.7 per cent increase compared to the 2,483 sales in September 2013, and a 5.4 per cent increase over the 2,771 sales in August 2014.<\/p>\n<p>Last month\u2019s sales were 16.1 per cent above the 10-year sales average for the month and rank as the third highest selling September over that period.<\/p>\n<p><strong>\u201cSeptember was an active period for our housing market when we compare it against typical activity for the month,\u201d Ray Harris, REBGV president said.<\/strong><\/p>\n<p>New listings for detached, attached and apartment properties in Metro Vancouver* totalled 5,259 in September. This represents a 4.6 per cent increase compared to the 5,030 new listings in September 2013 and a 33.5 per cent increase from the 3,940 new listings in August. Last month\u2019s new listing total was 0.4 per cent above the region\u2019s 10-year new listing average for the month.<\/p>\n<p>The total number of properties currently listed for sale on the MLS\u00ae system in Metro Vancouver is 14,832, an 8 per cent decline compared to September 2013 and a 0.4 per cent increase compared to August 2014.<\/p>\n<p>The MLS\u00ae Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $633,500. This represents a 5.3 per cent increase compared to September 2013.<\/p>\n<p><strong>\u201cGains in home values are being led by the detached home market. Condominium and townhome properties are not experiencing the same pressure on prices at the moment,\u201d Harris said.\u00a0 \u201cIndividual trends can vary depending on different factors in different areas, so it\u2019s important to do your homework and work with your REALTOR\u00ae when you\u2019re looking to determine the market value of a home.\u201d<\/strong><\/p>\n<p>Sales of detached properties in September 2014 reached 1,270, an increase of 24.1 per cent from the 1,023 detached sales recorded in September 2013, and a 113.8 per cent increase from the 594 units sold in September 2012. The benchmark price for detached properties increased 7.3 per cent from September 2013 to $990,300.<\/p>\n<p>Sales of apartment properties reached 1,188 in September 2014, an increase of 16.7 per cent compared to the 1,018 sales in September 2013, and a 75.7 per cent increase compared to the 676 sales in September 2012. The benchmark price of an apartment property increased 3.3 per cent from September 2013 to $378,700.<\/p>\n<p>Attached property sales in September 2014 totalled 464, a 5 per cent increase compared to the 442 sales in September 2013, and an 88.6 per cent increase over the 246 attached properties sold in September 2012. The benchmark price of an attached unit increased 4.2 per cent between September 2013 and 2014 to $477,700.<\/p>\n<p class=\"p2\"><i>* Areas covered by Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home sales activity picks up the pace in September Home buyers were active in Metro Vancouver last month, with home sales well exceeding the 10-year average &hellip;<\/p>\n","protected":false},"author":2,"featured_media":129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[10,11],"tags":[315,312],"class_list":["post-127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-statistics","category-rebgv","tag-market-stats","tag-rebgv"],"_links":{"self":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/127"}],"collection":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/comments?post=127"}],"version-history":[{"count":1,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/127\/revisions"}],"predecessor-version":[{"id":128,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/127\/revisions\/128"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/media\/129"}],"wp:attachment":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/media?parent=127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/categories?post=127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/tags?post=127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}