Home sales down, listings up across Metro Vancouver

Recent Sales

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Greetings!

As we move forward into 2018, one thing is certain, this upcoming year will no doubt be a watershed year for the real estate industry in British Columbia. The Superintendent of Real Estate is committed to introducing new rules and regulations designed to slow down the escalation in sale prices and rein in unscrupulous Realtors® who currently hold real estate licenses.

Personally, as a proud Realtor®, with over 22 years of experience, I welcome any changes proposed by the Superintend, if they make this industry more transparent and fair to all parties involved.

As mentioned in this space previously, I spent some time during 2017 updating and increasing my social media and online presence, and I would like to ask for your support with my efforts in these areas.

Please visit my Facebook page at Barrie Seaton - Your Local Realtor and you will see me on the right side of the page. Please click on “Write a Review” give me a star rating to describe your experience and click “Post”.

Thank you in advance for your support, and please feel free to contact me anytime if I can be of help or you need anything from me.

Barrie Seaton

Royal LePage West Real Estate Services

www.barrieseaton.com

778.229.6627

Market News

Home sales down, listings up across Metro Vancouver

The Metro Vancouver* housing market saw fewer home buyers and more home sellers in April.

April 2018 Housing Market Update - Real Estate Board of Greater Vancouver

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,579 in April 2018, a 27.4 per cent decrease from the 3,553 sales recorded in April 2017, and a 2.5 per cent increase compared to March 2018 when 2,517 homes sold.

Last month’s sales were 22.5 per cent below the 10-year April sales average.

“Market conditions are changing. Home sales declined in our region last month to a 17-year April low and home sellers have become more active than we’ve seen in the past three years,” Phil Moore, REBGV president said. “The mortgage requirements that the federal government implemented this year have, among other factors, diminished home buyers’ purchasing power and they’re being felt on the buyer side today.”

Area Market Trends

Sales volumes and new & active listings for detached homes. Information on your area is also available. Please call or email to request.

* Note: This representation is based in whole or in part from data generated by the REBGV, while it is deemed to be accurate the REBGV assumes no responsibility for its accuracy.