Greater Vancouver Property Listings & Sales Increase As Prices Level in February

February 2016 saw real estate listings and sales in Greater Vancouver increase but prices levelled off. Sales were up 36% from a year ago and 65% higher than January this year, totalling 56% higher than the 10 year average for the month and ranking as the highest February on record.

New Listings for houses, townhomes and condos were 7% higher than a year ago and 30% above January 2016. It is normal for listings to increase as we move into Spring. 

Total inventory remains 38% lower than a year ago but listings in February were 1,200 more than January.

The sales to active ratio sits at 57%, indicating a seller's market.

The average sale price of a Greater Vancouvr house is currently $1.812.000, up 29% from a year ago but no higher than it was in January. Are house prices finally levelling?

The average sale price of a Greater Vancouver townhome is currently $668,000, up 19% from a year ago but no higher than it was in January.

The average sale price of a Greater Vancouver condo is currently $530,000, up 15% from a year ago and up from $516,000 in January. Are more buyers opting for condos due to affordability?

Average days on market dropped to 32, which is 28% lower than a year ago.

Vancouver Neighbourhood Specialist Maggie Chandler

  • I a full-time Real Estate Advisor who always goes the extra mile for you!  Do you wish to receive excellent service on your time frame, backed by decades of hyper-local knowledge and expertise in Vancouver’s  neighbourhoods?
  • How can you benefit from my knowledge of Vancouver penthouses, waterfront condos, townhomes, heritage condos, lofts, investment properties  and luxury real estate ?  I have marketed and sold over 1,000 properties
  • How can I help you find the right home or investment property?
  • Author Maggie Chandler 1648 W. 6th Ave., Vancouver, BC V6J 1R3

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.