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January 2016

MARKET STATS

MARKET REVIEW | January 2016

NORTH VANCOUVER

MLS BENCHMARK PRICE vs JANUARY 2015

+29%

MLS BENCHMARK PRICE JANUARY 2016
MLS BENCHMARK PRICE JANUARY 2015

$1,351,900

$1,047,800

NORTH VANCOUVER

AVERAGE DAYS ON MARKET vs JANUARY 2015

-36%

AVERAGE DAYS ON MARKET JANUARY 2016
AVERAGE DAYS ON MARKET JANUARY 2015

21

33

2016 HOUSING MARKET STARTING STRONG

January 18, 2016

What an amazing start to the year! January usually proves to be a slower month in the Real Estate world, but definitely not this January! From January 1st to January 31st there were almost 2,000 single-family homes listed.

“Residential property sales in Metro Vancouver* totalled 2,519 in January 2016, an increase of 31.7 per cent from the 1,913 sales recorded in January 2015 and a 10.9 per cent decline compared to December 2015 when 2,827 home sales occurred.

Last month’s sales were 46 per cent above the 10-year sales average for the month and rank as the second highest January on record.

“Fundamental economics are driving today’s market. Home buyer demand is at near record heights and home seller supply is as low as we’ve seen in many years,” Darcy McLeod, REBGV president said.”

Cited from the Real Estate Board of Greater Vancouver

SALES

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