Metro Vancouver Home Buyers set a record pace in February

(March 02, 2016 , posted in Metro Vancouver Housing Market)

Last month was the highest selling February on record for the Metro Vancouver housing market. 

Residential property sales in the region totaled 4,172 in February 2016, an increase of 36.3 per cent from the 3,061 sales recorded in February 2015 and an increase of 65.6 per cent compared to January 2016 when 2,519 home sales occurred. 

Last month’s sales were 56.3 per cent above the 10-year sales average for the month and ranks as the highest February sales total on record.

"We're in a competitive, fast-moving market cycle that favours home sellers," Darcy McLeod, REBGV president said. “Sustained home buyer competition is keeping upward pressure on home prices across the region.”

New listings for detached, attached and apartment properties in Metro Vancouver totaled 5,812 in February 2016. This represents an increase of 7.1 per cent compared to the 5,425 units listed in February 2015 and a 30.8 per cent increase compared to January 2016 when 4,442 properties were listed.
 
"We're beginning to see home listings increase as we head toward the spring market, however, additional supply is still needed to meet today's demand,” McLeod said.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 7,299, a 38.7 per cent decline compared to February 2015 (11,898) and a 10 per cent increase compared to January 2016 (6,635).

The sales-to-active listings ratio for February 2016 is 57.2 per cent. This is indicative of a seller’s market.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark, while home prices often experience upward pressure when it reaches the 20 to 22 per cent range in a particular community for a sustained period of time.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $795,500. This represents a 22.2 per cent increase compared to February 2015.

Sales of detached properties in February 2016 reached 1,778, an increase of 37.2 per cent from the 1,296 detached sales recorded in February 2015. The benchmark price for detached properties increased 27 per cent from February 2015 to $1,305,600.

Sales of apartment properties reached 1,790 in February 2016, an increase of 43.9 per cent compared to the 1,244 sales in February 2015.The benchmark price of an apartment property increased 17.7 per cent from February 2015 to $454,600.

Attached property sales in February 2016 totaled 604, an increase of 15.9 per cent compared to the 521 sales in February 2015. The benchmark price of an attached unit increased 17 per cent from February 2015 to $569,600.

在大溫房市的紀錄中,上個月是歷年二月紀錄賣量最高的一個月。

2016年2月裡區內住宅銷售達4,172戶,由去年2月的3,061戶上升了36.3%; 比2016年1月的2,519戶上升了65.6%。

上個月的銷售量比過去10年每個月的平均銷售量多了56.3%,也是歷年的2月銷售最高的一個2月。

溫哥華地產局主席 Darcy McLeod 表示:" 我們正處於一個有利於賣方,高度競爭且交易快速的市場循環; 持續的買方競價使地區的房價保持上漲的推力。"

2016年2月大溫新上市的獨立屋,城市屋及公寓總數達5,812戶。相比於2015年2月5,425上市戶數增長了7.1%;比2016年1月4,442 戶增長30.8%。

McLeod 表示:" 當我們進入春季,我們開始見到上市戶數增加,然而,我們仍需額外的房源供應以滿足現在的房屋需求。"

目前大塭地區錄於MLS®系統的房源為7,299戶,比2015年2月(11,898戶)減少38.7%;比2016年1月(6,635戶)增加了10%。

二月的銷售-房源戶數比為57.2%,表示目前處於賣方市場。

一般來說,分析師認為當銷售-房源戶數比低於12%,房價開始有下壓的壓力;而銷售-房源戶數比在特定社區裡保持20%-22%,房價則有上推的推力。

大溫地區目前MLS住宅房價綜合指數價為$795,500,比2015年2月增長22.2%。

獨立屋2016年2月銷量為1,778戶,比2015年2月1,296戶上升37.2%。獨立屋基準價比去年同期上漲了27%,為$1,305,600。

公寓銷量2月為1,790戶,比去年同期的1,244戶上升了43.9%。公寓基準價為$454,600,比去年同期上升17.7%。

城市屋2月銷量為604戶,比去年同期的521戶上升了15.9%。城市屋基準價為$569,600,比去年同期上升17%。

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