{"id":10631,"date":"2015-09-02T13:08:27","date_gmt":"2015-09-02T20:08:27","guid":{"rendered":"https:\/\/www.garbuttdumas.ca\/?p=10631"},"modified":"2015-09-02T13:08:27","modified_gmt":"2015-09-02T20:08:27","slug":"august-2015-market-stats","status":"publish","type":"post","link":"https:\/\/www.garbuttdumas.ca\/2015\/09\/02\/august-2015-market-stats\/","title":{"rendered":"August 2015 Market Stats"},"content":{"rendered":"<h3 style=\"text-align: center;\">Competition continues to drive Metro Vancouver\u2019s housing market.<\/h3>\n<p>The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in\u00a0Metro Vancouver reached 3,362 on the <dfn title=\"A system for relaying information to REALTORS\u00ae about properties for sale. \">Multiple Listing Service\u00ae (MLS\u00ae)<\/dfn> in August 2015. This\u00a0represents a 21.3 per cent increase compared to the 2,771 sales recorded in August 2014, and a\u00a0decrease of 15.5 per cent compared to the 3,978 sales in July 2015.<br \/>\nLast month\u2019s sales were 27.9 per cent above the 10-year sales average for the month.\u00a0\u201cThere was no summer lull in our market this year. Home buyers have been working with their\u00a0<dfn title=\"Real estate professionals who are members of a local real estate board and the Canadian Real Estate Association. Only these professionals can call themselves REALTORS\u00ae. \">REALTORS\u00ae<\/dfn> throughout the summer months,\u201d Darcy McLeod, REBGV president said.\u00a0\u201cThey\u2019re motivated, but they\u2019re competing for a smaller supply of homes for sale than is typical\u00a0for this time of year \u2014 that\u2019s the dynamic driving our market right now.\u201d<br \/>\nNew listings for detached, attached and apartment properties in Metro Vancouver totalled 4,281\u00a0in August. This represents an 8.7 per cent increase compared to the 3,940 new listings reported\u00a0in August 2014.<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" frameborder=\"0\" src=\"https:\/\/www.youtube.com\/embed\/8zUkJ8Nz7lw\"><\/iframe><br \/>\nThe total number of properties currently listed for sale on the region\u2019s MLS\u00ae is 10,897, a 26.2\u00a0per cent decline compared to August 2014 and a 5.3 per cent decline compared to July 2015.<br \/>\n\u201cThose who have a sound buying strategy and an understanding of current price trends are\u00a0having the most success in today\u2019s market,\u201d McLeod said.<br \/>\nThe MLS\u00ae Home Price Index composite benchmark price for all residential properties in Metro\u00a0Vancouver is currently $708,500. This represents a 12 per cent increase compared to August\u00a02014.<br \/>\nThe sales-to-active-listings ratio in August was 30.9 per cent. This is the sixth consecutive month\u00a0that this ratio has been above 30 per cent in Metro Vancouver.<br \/>\n<a title=\"Full Article Market Update\" href=\"http:\/\/www.rebgv.org\/news-statistics\/competition-continues-drive-metro-vancouver%E2%80%99s-housing-market\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Full Article<\/a><br \/>\n<a title=\"Full Stats Package March 2015\" href=\"http:\/\/www.rebgv.org\/sites\/default\/files\/2015-08-REBGV-Stats-Package.pdf\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Full Stats Package<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Competition continues to drive Metro Vancouver\u2019s housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in\u00a0Metro Vancouver reached 3,362 on&#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[1],"tags":[318,378,482,494,506,626,629,643,794,798],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"General Announcements"}],"post_tag":[{"value":318,"label":"Greater Vancouver Top1% Realtors"},{"value":378,"label":"james garbutt"},{"value":482,"label":"new west"},{"value":494,"label":"new west real estate"},{"value":506,"label":"new westminster"},{"value":626,"label":"real estate"},{"value":629,"label":"Real Estate Board of Greater Vancouver"},{"value":643,"label":"realtor"},{"value":794,"label":"vancouver"},{"value":798,"label":"vancouver real estate"}]},"featured_image_src_large":false,"author_info":{"display_name":"James Garbutt","author_link":"https:\/\/www.garbuttdumas.ca\/author\/james\/"},"comment_info":0,"category_info":[{"term_id":1,"name":"General Announcements","slug":"general","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":146,"filter":"raw","cat_ID":1,"category_count":146,"category_description":"","cat_name":"General Announcements","category_nicename":"general","category_parent":0}],"tag_info":[{"term_id":318,"name":"Greater Vancouver Top1% Realtors","slug":"greater-vancouver-top1-realtors","term_group":0,"term_taxonomy_id":318,"taxonomy":"post_tag","description":"","parent":0,"count":57,"filter":"raw"},{"term_id":378,"name":"james garbutt","slug":"james-garbutt","term_group":0,"term_taxonomy_id":378,"taxonomy":"post_tag","description":"","parent":0,"count":160,"filter":"raw"},{"term_id":482,"name":"new west","slug":"new-west","term_group":0,"term_taxonomy_id":482,"taxonomy":"post_tag","description":"","parent":0,"count":131,"filter":"raw"},{"term_id":494,"name":"new west real estate","slug":"new-west-real-estate","term_group":0,"term_taxonomy_id":494,"taxonomy":"post_tag","description":"","parent":0,"count":102,"filter":"raw"},{"term_id":506,"name":"new westminster","slug":"new-westminster","term_group":0,"term_taxonomy_id":506,"taxonomy":"post_tag","description":"","parent":0,"count":328,"filter":"raw"},{"term_id":626,"name":"real estate","slug":"real-estate","term_group":0,"term_taxonomy_id":626,"taxonomy":"post_tag","description":"","parent":0,"count":343,"filter":"raw"},{"term_id":629,"name":"Real Estate Board of Greater Vancouver","slug":"real-estate-board-of-greater-vancouver","term_group":0,"term_taxonomy_id":629,"taxonomy":"post_tag","description":"","parent":0,"count":32,"filter":"raw"},{"term_id":643,"name":"realtor","slug":"realtor","term_group":0,"term_taxonomy_id":643,"taxonomy":"post_tag","description":"","parent":0,"count":334,"filter":"raw"},{"term_id":794,"name":"vancouver","slug":"vancouver","term_group":0,"term_taxonomy_id":794,"taxonomy":"post_tag","description":"","parent":0,"count":102,"filter":"raw"},{"term_id":798,"name":"vancouver real estate","slug":"vancouver-real-estate","term_group":0,"term_taxonomy_id":798,"taxonomy":"post_tag","description":"","parent":0,"count":296,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/posts\/10631"}],"collection":[{"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/comments?post=10631"}],"version-history":[{"count":0,"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/posts\/10631\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/media?parent=10631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/categories?post=10631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/tags?post=10631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}