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

Greater Vancouver Real Estate Market Stats for March 2017

Combined detached and attached sales in the Greater Vancouver market jumped an impressive 29% over February’s 40% to finish with a 69% sales ratio, continuing the trend of a strong seller’s market overall. Total sales were down by about 10% compared to 2016, while sale prices held onto a modest gain of 6% over the previous year.

Greater Vancouver Real Estate Market Stats - March 2017Both Detached and Attached sales in all municipalities the Greater Vancouver market area posted Seller’s Market sales ratios. Detached sales ranged from a low of 27% in Burnaby to a high of 100% in Pitt Meadows. Attached units moved at a nearly perfect ratio, with a low of 82% in Burnaby and 100% in Coquitlam, Port Coquitlam, and Maple Ridge for the month of March.

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 March 2017.


Metro Vancouver Real Estate Market Stats for March 2017

Metro Vancouver sales jumped 13% from February’s ratio of 32% to finish at a 45% sales ratio for March. Total sales were down by almost one third compared to 2016, while sale prices rose 2% compared to the previous year.

Metro Vancouver Real Estate Market Stats - March 2017Sales ratios for detached homes in Metro Vancouver ranged from a balanced market low of 15% in West Vancouver to a seller’s market high of 42% in North Vancouver. Attached home sales ranged from a seller’s market low of 40% in Ladner to a high of 100% 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 March 2017.


Fraser Valley Real Estate Market Stats for March 2017

Combined home sales in the Fraser Valley surged 25% compared to February’s 42% ratio to finish with a market speed of 67%. Total sales volume slumped by nearly 25% compared to 2016, but sales prices were still up by a modest 7% over the previous year.

Fraser Valley Real Estate Market Stats - March 2017Detached home sales ratios ranged from a seller’s market low of 25% in White Rock to a seller’s market high of 76% in Langley. Attached homes sold at a nearly perfect sales ratio in the Fraser Valley with North Delta posting the lowest seller’s market ratio of 80% and Cloverdale, Langley, and Mission all 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 March 2017.


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