Trends and Real Estate News 2011

A compilation of reports on the local housing market, and listing/pricing trends is presented below.  Hopefully you will find these reports informative.

This information is supplemented by the current news as aggregated in local 'Newspapers'  and my 'Real Estate in the News'page on this site. Together they keep you informed of the long term, macro developments, as well as, up to the minute happenings.

For your convenience, the information for some of the neighbourhoods in the REBGV home sales reports are graphed to allow visualization of evolving trends. 

Please note that the reported REBGV data represents larger picture, ‘macro numbers’ …I would not advise taking an REBGV statement referencing price increases/decreases or average price to base your decision re: a listing price (if you’re selling) or Offer Price (if planning a purchase), without considering the relevant micro analysis of a specific neighbourhood/street/building (see linked example).

REBGV numbers aggregate many neighbourhoods and can be misleading if one was to frame a purchase/sale decision solely on them.

Higher levels of activity in parts of the aggregated picture can skew the trend and leave you with a wrong impression of your ‘specific community and unique property’s feature set’ (size, location, building, etc.). For example, an elevated number of purchases of high priced, detached homes in West Vancouver & West End impacts on Vancouver’s overall ‘average price’ but may not be indicative of prices in Mackenzie Heights or elsewhere.