Blog by Sam Wyatt Personal Real Estate Corporation

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Vancouver Real Estate Statistics - August 2017

August 4th, 2017
In January, Months of inventory (MOI)* for detached Westside Vancouver houses was at its highest point since the Credit Crisis of 2008.  The spring market brought it down to 3.3 months in May but as of July it was up again to 9.88 months.
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Apartments and attached homes have remained low relative to the last decade's figures.  Apartments were at 1.97 and attached homes 3.46 months in July.
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The We ...

Vancouver Real Estate Statistics - July 2017

July 8th, 2017
Months of Inventory (MOI) rose to 6.25 months for detached homes in January in Vancouver's Westside.
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MOI was 2.17 and 1.47 months for attached homes and apartments respectively. While MOI has been in sellers' market territory for the past year for apartments and attached homes, detached homes have been mostly in a balanced market range over the past 12 months.
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The Active Listings chart helps e ...

Vancouver Real Estate Statistics - May 2017

May 2nd, 2017
The last couple of months in the Vancouver real estate market have been a wild ride.
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Months of Inventory (MOI) reached over 15 months for detached homes in January in Vancouver's Westside.  This is the highest it has been since the 2008 credit crisis.  MOI in April sat at 5.43 months for detached homes, 2.13 months for attached homes and only 1.44 months for apartments. 

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While active listing ...

Vancouver Real Estate Statistics - December 2016

December 10th, 2016
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Months of Inventory (MOI) was down for apartments and attached homes and slightly up for detached homes on Vancouver's Westside in November.  Detached homes hovered on the cusp of a "balanced" and "buyer's" market while apartments were in a "seller's" market.

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Compared with the past several years, active listing volumes remain quite low.  it is this lower active listings number that helped fue ...

Vancouver Real Estate Statistics - November 2016

November 3rd, 2016
Will returning dual citizens and Canadians disaffected by the Trump presidency buoy up prices?  Gratefully, Trump's acceptance speech did not start with a "lock her up" chant and it might be that he puts his most crazy thoughts back in storage for four years.  There are certainly many who have said they would move home in the event of a Trump win but I suspect that human lethargy will prevai ...

Vancouver Real Estate Statistics - October 2016

October 4th, 2016
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Months of Inventory (MOI) rose again in September to just shy of 11 months for detached homes.  While MOI for both attached homes and apartments remained at historically low figures of 3.41 and 2.65 respectively, they both have upward trending trajectories.  Sales volumes have been declining since things peaked in about March or April depending on home type.



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This is a pretty typical annual sal ...

Vancouver Real Estate Statistics - Sept 2016

September 5th, 2016
Months of Inventory (MOI) shot up from 5.62 to 9.79 months between July and August 2016 for Vancouver West houses; pushing MOI for houses just inside "Buyer's market" territory.
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MOI had already been creeping steadily up for houses since March but the last time we saw MOI rise more than 5 months over a single month was between October and November 2008 when it jumped from 19.5 to 37.96 months ...

Hullabaloo: New PTT Legislation

August 4th, 2016

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Months of Inventory has begun to climb, particularly of for detached housing and we are slowly moving out of an extremely frenetic market to a more typical hot market.  Apartments and attached homes on the Westside continue to have very low months of inventory.  Don't expect prices to fall significant anytime soon.  

I have received countless requests for my opinion about what effect the vari ...

Vancouver Real Estate Statistics - July 2016

July 5th, 2016
Vancouver westside Months of Inventory (MOI) has been slowly increasing since April.  Emphasis on slowly. 
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In spite of the increases, MOI remains firmly in sellers' market territory and apartment and attached homes have MOIs in the super hot market territory of about 1 month.
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The rise in MOI is a result of sales volumes slowly dropping from record highs in March in the case of apartments and v ...

Vancouver Real Estate Statistics - May 2016

May 4th, 2016
Vancouver westside Months of Inventory (MOI)* remained at near record lows in April.  MOI for detached homes fell to 2.43 months.  Attached and apartments creeped up to 0.92 and 1.26 months respectively. It has been a sellers' market for over year.

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One thing remained clear in April:  Vancouver real estate is expensive and it continues to attract a significant amount of foreign capital.  Prices ...
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