Vancouver's Real Estate Market BREAKS ALL TIME Sales Records in 2015
Blog by Morgan DuVernet & Kelsie Struch | January 5th, 2016
42,326 homes changed hands in 2015, up 27.8 per cent increase from
33,116 sales recorded in 2014 and a 48.4 per cent increase over the
28,524 residential sales in 2013
"Home buyers were active and motivated throughout 2015 despite the pressure on supply of homes on the market," Darcy McLeod, REBGV president said. "Housing markets typically experience quieter periods within a calendar year, but that wasn't the case in Metro Vancouver last year."
Price increases ranged depending on property type and neighbourhood throughout Vancouver. Most properties in neighbourhoods within a 20 minute drive of downtown Vancouver saw increases in the range of 14 to 24 percent.
The increase in prices can be attributed to a decrease in supply and an all time high level of demand.
Thanks for reading,
Personal Real Estate Corporation
Century 21 In Town Realty
Complete Stats Package can be read here