{"id":382,"date":"2015-09-10T02:52:51","date_gmt":"2015-09-10T02:52:51","guid":{"rendered":"http:\/\/www.chrisbrownrealestate.ca\/blog\/?p=382"},"modified":"2015-09-10T17:26:41","modified_gmt":"2015-09-10T17:26:41","slug":"north-vancouver-housing-market-update-august-2015","status":"publish","type":"post","link":"https:\/\/www.chrisbrownrealestate.ca\/blog\/north-vancouver-housing-market-update-august-2015\/","title":{"rendered":"North Vancouver Housing Market Update: August 2015"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/8zUkJ8Nz7lw?rel=0\" width=\"640\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h2 class=\"p1\" style=\"text-align: left;\">Competition continues to drive Metro Vancouver\u2019s housing market<\/h2>\n<p class=\"p1\"><strong><span class=\"s1\">Metro Vancouver* home buyers spent the summer months searching for their next home. Between June and August, home sales were between 25 and 30 per cent above the ten-year sales average.<\/span><\/strong><\/p>\n<p class=\"p1\"><span class=\"s1\">The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 3,362 on the Multiple Listing Service\u00ae (MLS\u00ae) in August 2015. This represents a 21.3 per cent increase compared to the 2,771 sales recorded in August 2014, and a decrease of 15.5 per cent compared to the 3,978 sales in July 2015.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Last month\u2019s sales were 27.9 per cent above the 10-year sales average for the month.<\/span><\/p>\n<p class=\"p1\"><strong><span class=\"s1\">\u201cThere was no summer lull in our market this year. Home buyers have been working with their REALTORS\u00ae throughout the summer months,\u201d Darcy McLeod, REBGV president said. \u201cThey\u2019re motivated, but they\u2019re competing for a smaller supply of homes for sale than is typical for this time of year \u2014 that\u2019s the dynamic driving our market right now.\u201d<\/span><\/strong><\/p>\n<p class=\"p1\"><span class=\"s1\">New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,281 in August. This represents an 8.7 per cent increase compared to the 3,940 new listings reported in August 2014.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The total number of properties currently listed for sale on the region\u2019s MLS\u00ae is 10,897, a 26.2 per cent decline compared to August 2014 and a 5.3 per cent decline compared to July 2015.<\/span><\/p>\n<p class=\"p1\"><strong><span class=\"s1\">\u201cThose who have a sound buying strategy and an understanding of current price trends are having the most success in today\u2019s market,\u201d McLeod said.<\/span><\/strong><\/p>\n<p class=\"p1\"><span class=\"s1\">The MLS\u00ae Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $708,500. This represents a 12 per cent increase compared to August 2014.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The sales-to-active-listings ratio in August was 30.9 per cent. This is the sixth consecutive month that this ratio has been above 30 per cent in Metro Vancouver.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Sales of detached properties in August 2015 reached 1,290, an increase of 11.4 per cent from the 1,158 detached sales recorded in August 2014, and a 22.6 per cent increase from the 1,052 units sold in August 2013. The benchmark price for a detached property in Metro Vancouver increased 17.5 per cent from August 2014 to $1,159,600.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Sales of apartment properties reached 1,494 in August 2015, an increase of 32.7 per cent compared to the 1,126 sales in August 2014, and an increase of 46.8 per cent compared to the 1,018 sales in August 2013. The benchmark price of an apartment property increased 6.3 per cent from August 2014 to $405,400.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Attached property sales in August 2015 totalled 578, an increase of 18.7 per cent compared to the 487 sales in August 2014, and a 30.2 per cent increase from the 444 attached properties sold in August 2013. The benchmark price of an attached unit increased 7.3 per cent between August 2014 and 2015 to $511,500.<\/span><\/p>\n<p class=\"p1\"><a href=\"http:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-388\" src=\"http:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/1-791x1024.jpg\" alt=\"1\" width=\"700\" height=\"906\" srcset=\"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/1-791x1024.jpg 791w, https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/1-231x300.jpg 231w, https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/1.jpg 1275w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a> <a href=\"http:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-389\" src=\"http:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/2-791x1024.jpg\" alt=\"2\" width=\"700\" height=\"906\" srcset=\"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/2-791x1024.jpg 791w, https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/2-231x300.jpg 231w, https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/2.jpg 1275w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a> <a href=\"http:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-390\" src=\"http:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/3-791x1024.jpg\" alt=\"3\" width=\"700\" height=\"906\" srcset=\"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/3-791x1024.jpg 791w, https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/3-231x300.jpg 231w, https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/3.jpg 1275w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a> <a href=\"http:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/5.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-391\" src=\"http:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/5-791x1024.jpg\" alt=\"5\" width=\"700\" height=\"906\" srcset=\"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/5-791x1024.jpg 791w, https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/5-231x300.jpg 231w, https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/5.jpg 1275w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a> <a href=\"http:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/6.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-392\" src=\"http:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/6-791x1024.jpg\" alt=\"6\" width=\"700\" height=\"906\" srcset=\"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/6-791x1024.jpg 791w, https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/6-231x300.jpg 231w, https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-content\/uploads\/2015\/09\/6.jpg 1275w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cThere was no summer lull in our market this year. Home buyers have been working with their REALTORS\u00ae throughout the summer months,\u201d Darcy McLeod, REBGV president said. \u201cThey\u2019re motivated, but they\u2019re competing for a smaller supply of homes for sale than is typical for this time of year \u2014 that\u2019s the dynamic driving our market right now.\u201d<\/p>\n","protected":false},"author":2,"featured_media":331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[10,11],"tags":[144,145],"class_list":["post-382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-statistics","category-rebgv","tag-north-vancouver-homes","tag-north-vancouver-homes-for-sale"],"_links":{"self":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/382"}],"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=382"}],"version-history":[{"count":5,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/382\/revisions"}],"predecessor-version":[{"id":396,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/382\/revisions\/396"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/media\/331"}],"wp:attachment":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/media?parent=382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/categories?post=382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/tags?post=382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}