2017 real estate market update

May 2016 Vancouver Real Estate Market Update

Posted on Sunday, May 1st, 2016 at 4:28 pm - Vancouver Real Estate Market Update | No Comments

This is the Vancouver West Side / Downtown Vancouver Real Estate Market Update for May 2016.

Jay McInnes Market Update (May 2016)

This Vancouver Real Estate Market Update consists of Real Estate Board of Greater Vancouver Sales & Listing Statistics for the month of May 2016. In addition to these details I have added my experience in he market this month by way of points of view relating to listings, sales & general market activity and sentiment.

Vancouver West Side Detached Housing Market:
The Housing market took a little breather over March but has began to pick up steam again into April/May. The lack of inventory has been an issue in this segment of the market as well which was the contributing factor to the sales slow down over March. At this point with the summer ahead I believe this increase will continue.

Vancouver West Side Condo Market:
Condo listings have held consistent numbers this past month but the available inventory is being brought to market at inflated prices as seller expectation is still at an all time high! As proof of this, you can see the drop in sales numbers during this same period. There is inventory to choose from but little priced reasonably.

For any further information regarding the Vancouver West Side / Downtown Vancouver / Vancouver East Side housing or condo market please don’t hesitate to contact me direct at these details jay@jaymcinnes.com / 604 771 4606.

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