What happened in the real estate market in your neighbourhood during February 2017? Watch the video for a summary and read the full post for more details.

Greater Vancouver Real Estate Market Stats for February 2017

Combined detached and attached sales in the Greater Vancouver market area gained 9% over January’s 31% to finish with a 40% sales ratio, continuing the trend of a strong seller’s market overall. Total sales were down by nearly half compared to 2016, while sale prices were holding onto a modest gain of 8% over the previous year.

Greater Vancouver Real Estate Market Stats - February 2017Detached sales in the Greater Vancouver market area ranged from a buyer’s market low of 11% in New Westminster to a seller’s market high of 47% in Pitt Meadows. As is typical, attached sales moved at a much quicker pace, ranging from 43% in Pitt Meadows to 73% in Coquitlam for the month of February.

The statistics above represent both detached and attached homes in Burnaby, New Westminster, Coquitlam, Port Coquitlam, Pitt Meadows, and Maple Ridge for the month of February 2017.


Metro Vancouver Real Estate Market Stats for February 2017

Metro Vancouver’s improved significantly from January’s ratio of 19% to finish at a 32% sales ratio for February. Total sales were down by nearly half compared to 2016, while sale prices fell 2% compared to the previous year.

Metro Vancouver Real Estate Market Stats - February 2017Sales ratios for detached homes in Metro Vancouver ranged from a buyer’s market low of 10% in West Vancouver to a buyer’s market high of 40% in North vancouver. Attached home sales ranged from a seller’s market low of 26% in Tsawwassen to a high of 84% in North Vancouver.

The statistics above represent both detached and attached homes in Ladner, North Vancouver, Richmond, Tsawwassen, Vancouver, and West Vancouver for the month of February 2017.


Fraser Valley Real Estate Market Stats for February 2017

Combined home sales in the Fraser Valley jumped 13% compared to January’s 29% ratio to finish with a market speed of 42%. Total sales volume slumped by nearly 40% compared to 2016, but sales prices were still up by a comfortable 12% over the previous year.

Fraser Valley Real Estate Market Stats - February 2017Detached home sales ratios ranged from a balanced market low of 15% in White Rock to a seller’s market high of 46% in Cloverdale. Attached homes moved much quicker in the Fraser Valley with Mission posting the lowest seller’s market ratio of 42% and Langley moving attached units at perfect rate of 100%.

The statistics above represent both detached and attached homes in Abbotsford, Cloverdale, Delta, Langley, Mission, Surrey, and White Rock for the month of February 2017.


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