Median home prices for both luxury houses and condominiums dip after sustained low sales activity

February 22nd, 2019

In the twelve-month period ending January 31, 2019, the median price of a luxury house in Greater Vancouver decreased 1.7 per cent year-over-year to $5,751,928, while the median price of a luxury condominium decreased 0.6 per cent to $2,680,064. Despite ongoing year-over-year low sales volume, luxury home prices were steady leading up to September 2018. In the last four months of 2018 and int ...

Inventory rises and apartment sales take lead during modest January market

February 5th, 2019

Overall inventory levels continued to recover as market activity remained moderate through January.

The Fraser Valley Real Estate Board processed 784 sales of all property types on its Multiple Listing Service® (MLS®) in January, a 2 per cent decrease compared to sales in December 2018, and a 35.2 per cent decrease compared to the 1,210 sales in January of last year.

Of the 784 total sales, ...