2017 Year In Review

(January 16, 2018 , posted in Vancouver Real Estate)

Happy New Year and all the best to you and yours!

As most of you know my business is over 80% referral based - which means you trust me enough to recommend me to your friends, colleagues and family. Every time I receive a referral it reminds me that this business is very much about relationships.

Since the day I started in real estate I have believed in earning your trust and in building the kinds of relationships that will last through any market. As we move into 2018 I remain extremely committed to my work and my clients.

The year ahead will undoubtedly prove to be one of continued growth and expansion throughout Metro Vancouver real estate markets. As we prepare for 2018, let us take this opportunity to look back at 2017 so that we can better understand current trends and consumer demands in the marketplace.

Please don't hesitate to get in touch - NOW is the time to prepare for the year ahead!  See Below for a snapshot of 2017. 

Warm Regards,

christina@christinaerl.com
778-386-0771



Detached Housing Market
• overall a balanced market
• generally there was less pressure on buyers with some exceptions
• market dictated by neighbourhood, product quality and price
• house values rose 8% on average






Attached Housing Market
• highly competitive
• frequent multiple offer scenarios
• Condo values rose 25.9%
• Townhome values rose 18.5%
• upward pressure on price due to high demand & low inventory






• Total Sales on MLS - 37,993
• 9.9% less than 2016
• 9.7% more than the 10yr average
• 54,665 Homes were listed
• roughly 70% of MLS homes sold
• Inventory remained lower than normal, buyer demand was steady & even strong in some markets.