http://www.findyourhomehere.com Relal estate market stats for May 2010. Covering Vancouver, Burnaby, Coquitlam, Port Coquitlam, Port Moody, Maple Ridge, Pitt Meadows
Coquitlam MLS Real Estate Listings - May 2010 Market Stats for Metro Vancouver
1. May 2010Overall Market Stats Real Estate Board of Greater Vancouver www.FindYourHomeHere.com
2. New Listings May 2010 vs. April 2010 new listings down 8.3% May 2010 vs. May 2009 new listings up 48.2% www.FindYourHomeHere.com
3. Total Listing Inventory May 2010 vs. April 2010 total listings up 10% May 2010 vs. May 2009 total listings up 28.2% www.FindYourHomeHere.com
4. “Prospective home buyers in today’s market have a broad selection to choose from in every property type. REALTORS® are telling us they’re working with buyers who are not feeling as rushed to make a decision as they did late last year and earlier in the year,” Jake Moldowan, REBGV president www.FindYourHomeHere.com
5. Total Sales May 2010 vs. April 2010 total sales down 10.1% May 2010 vs. May 2009 total sales down 10.4% www.FindYourHomeHere.com
6. “It’s important for those looking to buy or sell a home to remember that real estate is local and wise real estate decisions are made by those who understand current market conditions at the neighbourhoodlevel.” Jake Moldowan, REBGV president www.FindYourHomeHere.com
7. Overall House Prices May 2010 vsMay 2009 price up 16.7% May 2010 benchmark price $590,662 www.FindYourHomeHere.com
8. Detached Properties May 2010 vsMay 2009 sales down 10.4% May 2010 vsMay 2009 price up 19.1% May 2010 benchmark price $810,175 www.FindYourHomeHere.com
9. May 2010 vsMay 2009 sales down 7.1% May 2010 vsMay 2009 price up 13.9% May2010 benchmark price $398,783 Apartment Properties www.FindYourHomeHere.com
10. May 2010 vsMay 2009 sales down 17.8% May 2010 vsMay 2009 price up 14.8% May 2010 benchmark price $500,339 Attached Properties www.FindYourHomeHere.com
My name, company includes stats from all of greater vancouver
Good healthy inventory of homes
Let me explain this little ratio thing. It’s calculated by dividing the number of sales by the number of listings. It gives us a snapshot of what percentage of the listings on the market are selling. We look at them both on a monthly (or weekly) basis and also year-to-date. Although there are divergent opinions, generally speaking, a sales-to-listing ratio of over 50% suggests that it is a SELLERS market. Under 40% is a BUYERS market and in between, is considered to be a BALANCED market.Right now, the sales to listing ratio in the Georgian Triangle is under 30% as one may expect. That means less than 30% of properties on the market are selling. It’s clearly a BUYERS market right now.
The Housing Price Index (HPI) is a tool developed by the Greater Vancouver and Fraser Valley Real Estate Boards to measure residential market activity. It tracks and measures the movement of mid-range priced homes for a set time period and provides reliable information on housing price trends since it excludes extremely high and low priced properties.