{"id":583,"date":"2017-10-12T18:51:21","date_gmt":"2017-10-12T22:51:21","guid":{"rendered":"http:\/\/www.juliafreeman.ca\/blog\/?p=583"},"modified":"2017-11-10T18:56:29","modified_gmt":"2017-11-10T23:56:29","slug":"home-buyer-demand-continues-to-differ-based-on-housing-type","status":"publish","type":"post","link":"https:\/\/www.juliafreeman.ca\/blog\/2017\/10\/home-buyer-demand-continues-to-differ-based-on-housing-type\/","title":{"rendered":"Home Buyer Demand Continues to Differ Based on Housing Type"},"content":{"rendered":"<div class=\"page\" title=\"Page 1\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p style=\"text-align: justify;\"><strong>Apartment and townhome activity is outpacing the detached home market across Metro Vancouver<\/strong>. This activity helped push total residential sales above the historical average in September.<\/p>\n<p style=\"text-align: justify;\">The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,821 in September 2017, a 25.2 per cent increase from the 2,253 sales recorded in September 2016, and a 7.3 per cent decrease compared to August 2017 when 3,043 homes sold.<\/p>\n<p style=\"text-align: justify;\">Last month\u2019s sales were 13.1 per cent above the 10-year September sales average.<\/p>\n<p style=\"text-align: justify;\"><strong>\u201cOur detached homes market is balanced today, while apartment and townhome sales remain in sellers&#8217; market territory,\u201d<\/strong> Jill Oudil, REBGV president said. \u201cIf you\u2019re looking to enter the market, as either a buyer or seller, it\u2019s important to understand these trends and use this information to set realistic expectations.\u201d<\/p>\n<p style=\"text-align: justify;\">There were 5,375 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service\u00ae (MLS\u00ae) in Metro Vancouver in September 2017. This represents a 12 per cent increase compared to the 4,799 homes listed in September 2016 and a 26.6 per cent increase compared to August 2017 when 4,245 homes were listed.<\/p>\n<p style=\"text-align: justify;\">The total number of homes currently listed for sale on the MLS\u00ae system in Metro Vancouver is 9,466, a 1.2 per cent increase compared to September 2016 (9,354) and a 7.5 per cent increase compared to August 2017 (8,807).<\/p>\n<p style=\"text-align: justify;\">\u201cDetached homes made up 30 per cent of all sales in September and represented 62 per cent of all the homes listed for sale on the MLS\u00ae,\u201d said Oudil. <strong>\u201cThis dynamic has slowed the pace of upward pressure that we\u2019ve seen on detached home prices in our market over the last few years.\u201d<\/strong><\/p>\n<\/div>\n<p>Click <a href=\"http:\/\/www.rebgv.org\/sites\/default\/files\/REBGV-Stats-Package-September-2017.pdf\"><strong>here<\/strong><\/a> to download the complete stats package.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Apartment and townhome activity is outpacing the detached home market across Metro Vancouver. This activity helped push total residential sales above the historical average in September. The Real Estate Board &hellip; [<a href=\"https:\/\/www.juliafreeman.ca\/blog\/2017\/10\/home-buyer-demand-continues-to-differ-based-on-housing-type\/\">read more<\/a>]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/posts\/583"}],"collection":[{"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/comments?post=583"}],"version-history":[{"count":3,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/posts\/583\/revisions"}],"predecessor-version":[{"id":587,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/posts\/583\/revisions\/587"}],"wp:attachment":[{"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/media?parent=583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/categories?post=583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/tags?post=583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}