Jeff Weaver // 604-809-8788 // Jeff@JeffWeaver.ca

REBGV July 2015 Market Update

The summer heat hasn't slowed buyer demand!

 

Sellers continue to benefit from today's activity as home buyers compete for the homes available for sale. There was 3,978 sales in July 2015 which is up 30% compared to last year and 33.5% above the 10 year average.

 

Much of today's acitivity can be traced to:

  • Strong consumer confidence
  • Low interest rates
  • Reduced supply of homes for sale

There are currently 11,505 homes for sale on the July 2015 MLS which is down 26.3% compared to last year as is the lowest totalled since 2006.

 

The benchmark for all residence properties in July 2015 rose to $700,500 which is up 11.2% from last year.

 

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.