Shannon Realty

Living and Selling Greater Vancouver

Go to Jeff Shannon on FaceBookGo to Jeff Shannon on TwitterGo to Jeff Shannon on LinkedInGo to Jeff Shannon on Instagram

604.649.6058

jeff@shannonrealty.ca
 


Sorry we are experiencing system issues. Please try again.
  • Home
  • Featured Listings
    • Recently Sold
  • Search
    • Property Search
    • North Vancouver Detached
    • North Vancouver 1/2 Duplexes $800,000 and Over
    • North Vancouver Townhouses $700,000 and Over
    • North Vancouver Apartments $450,000 and Over
  • Property Organizer
  • Advise & Tools
    • Request a Property Valuation
    • Email Alerts
    • Property Organizer
    • What You Should Expect from a REALTOR?
    • Steps & Costs Related to Home Buying
    • Condominiums – Buying Strata
    • Trades List
    • Activities and Attractions around Greater Vancouver
  • About Jeff
    • Six Reasons to Call Me First…
  • Contact Jeff

What is a Good Measure of Market Activity?

February 18, 2018 by Editor

Market TrendsThe ratio of Sales to Active Listings is a good measure of market activity and can be an indicator of trends.

Ratios above 20% are said to indicate a fast-moving “Seller’s Market” and – all other things being equal – will  generally lead to rising price pressures.

Ratios below 12% indicate a “Buyer’s Market” where selection is good and there is time to shop around and negotiate; over time prices should be expected to decline.

Residential Sales – January 2018 Statistics

  Fraser Valley   Greater Vancouver
  Sales Active Listing Ratio   Sales Active Listing Ratio
Detached House 446 1739 25.6%   486 4190 11.6%
Townhouse 281 433 64.9%   319 973 32.8%
Apartment 338 420 80.5%   1012 1769 57.2%

Sources: Fraser Valley Real Estate Board, Real Estate Board of Greater Vancouver

With homes in the Lower Mainland pushing the envelope of affordability, it is not surprising to see the most expensive housing category – detached houses in or closer to the city – dipping into Buyer’s Market territory. And at the same time we see the most affordable categories – townhouses and apartments in the Fraser Valley – holding very firmly in a Seller’s Market.

As we approach the spring market, traditionally the busiest time of year for real estate sales, it will be interesting to see how these stats unfold. I’ll keep you posted, and you can always call us for an update.

Things have never been more complex.

Contact me – the local expert – for the best advice.

Share this:

  • Print
  • Email
  • Facebook
  • Twitter
  • LinkedIn

Filed Under: Buyers, Real Estate Perspective, Sellers

The News – and the Reality: Trends Affecting Real Estate

November 21, 2018

One of the most popular activities in the daily news cycle seems to be forecasting the future of real estate. And it’s not uncommon to see wildly opposing views on where the market is headed, and when it might get there. This month’s post explores the news — and the reality.

Read More

The Changing Market – What Does That Really Mean?

October 22, 2018

After several years where home sellers had a market advantage, now buyers have more selection, more time to make good decisions, and their dollar buys more house than it used to.

Read More

Great Opportunities for Trading Up or Down…If You Qualify

October 9, 2018

Talk to a mortgage broker if you plan to move. There is still a strong demand for housing especially in retirement and recreational properties.

Read More

Monthly Articles

Newsletter Available

Jeff shares his knowledge through his monthly newsletter. Sign up with your email address now.

 

Shannon Realty

Suite 207 5740 Cambie St.,
Vancouver, BC. V5Z 3A6
1-604-649-6058

Email: jeff@shannonrealty.ca

PROPERTY SEARCH
Our Listings
Map Search
Advanced Search
Property Organizer

RESOURCES
Articles
Trades List
Valuation Request
Email Alerts
Activities & Attractions

 
Home

Contact Jeff
About Jeff

Go to Jeff Shannon on FaceBookGo to Jeff Shannon on TwitterGo to Jeff Shannon on LinkedInGo to Jeff Shannon on Instagram
js-team3000

© 2023 · Shannon Realty · Built by Pharos Internet Solutions Ltd.