We’ve finally had a chance to breathe! To say it’s been a busy few months for the Vancouver real estate market would be an understatement.
This time last year I said that it was one of the busiest starts to the year that we've seen in a long time. Well I can say without doubt that the first half of 2016 has been the busiest six months I’ve ever seen. Like last year; listings are up, sales are up, average prices are up and average "days on market" are down.
The year started with the second-busiest January on record as residential property sales in the region jumped nearly 32 per cent compared with the same January last year. The price of an average home across Metro Vancouver soared 28 per cent to just under $1.83 million from January 2015.