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

Greater Vancouver Real Estate Market Stats for May 2017

Combined detached and attached sales in the Greater Vancouver market gained 9% over April’s 68% to finish with a 77% sales ratio for May, continuing the trend of a strong seller’s market overall. Total sales were down by about 7% compared to 2016, while sale prices increased 10% over the previous year.

Greater Vancouver Real Estate Stats - May 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 91% in Pitt Meadows. Attached units moved at a nearly perfect ratio in all cities, with a low of 96% in Burnaby and 100% in New Westminster, Port Moody, Coquitlam, Port Coquitlam, Pitt Meadows, and Maple Ridge for the month of May.

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 May 2017.


Metro Vancouver Real Estate Market Stats for May 2017

Metro Vancouver sales gained 7% over April’s ratio of 43% to finish at a 50% sales ratio for May. Total sales were down by about 7% compared to 2016, while sale prices rose 5% compared to the previous year.

Metro Vancouver Real Estate Stats - May 2017Sales ratios for detached homes in Metro Vancouver ranged from a balanced market low of 14% in West Vancouver to a seller’s market high of 45% in North Vancouver. Attached home sales ranged from a seller’s market low of 50% in West Vancouver 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 May 2017.


Fraser Valley Real Estate Market Stats for May 2017

Combined home sales in the Fraser Valley rose 7% from April’s 63% ratio to finish with a market speed of 70% for May. Total sales volume slumped by about 6% compared to 2016, but sales prices were still up by 9% over the previous year.

Fraser Valley Real Estate Stats - May 2017Detached home sales ratios ranged from a seller’s market low of 29% in White Rock to a seller’s market high of 86% in Cloverdale. Attached homes sold swiftly in the Fraser Valley with Mission posting the lowest seller’s market ratio of 35% and a high of 100% in Cloverdale, Langley, and Delta.

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


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