News from Cartocci Real Estate Group

Fewer home sales and listings in the first quarter of 2018

Posted on Apr 10, 2018

Home buyers and sellers were less active in Metro Vancouver* throughout the first quarter of 2018. 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,517 in March 2018, a 29.7 per cent decrease from the 3,579 sales recorded in March 2017, and a 14 per cent increase compared to February 201...

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New listings are slow to appear - Seller's market

Posted on Mar 02, 2017

Residential home sales in the region totalled 2,425 in February 2017. This is a 41.9 per cent decrease from the record 4,172 homes sold in February 2016 and an increase of 59.2 per cent compared to January 2017 when 1,523 homes sold.

Last month’s sales were 7.7 per cent below the 10-year February sales average.

“February home sales were well below th...

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Posted on Feb 17, 2017

Residential property sales in the region totalled 1,523 in January 2017, a 39.5 per cent decrease from the 2,519 sales recorded in January 2016 and an 11.1 per cent decrease compared to December 2016 when 1,714 homes sold.

Last month’s sales were 10.3 per cent below our 10-year January sales average.

“From a real estate perspective, it’s a lukewarm s...

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Fall around the corner, what a crazy year so far..

Posted on Sep 21, 2016

What an incredible year we have had in Vancouver's Real Estate Market! With the summer to fall market transition and since the introduction of the new 15% Foreign Buyer Tax, there was a decline of 26% in sales recorded this August compared to August of 2015. This is also a 22.8% decline compared to last month's sales. For the second straight month...

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Market still sustains activity 

Posted on May 13, 2016

Residential property sales in the region totalled 4,781 in April 2016, an increase of 14.4 per cent from the 4,179 sales recorded in April 2015 and a decrease of 7.6 per cent compared to March 2016 when 5,173 homes sold.

April sales were 41.7 per cent above the 10-year sales average for the month.

“Home buyer competition remains intense across the re...

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2014 Fall Recap

Posted on Dec 19, 2014

  • The rental market report said Metro Vancouver’s apartment vacancy rate fell to 1% in October from 1.7 % in October 2013.
  • This fall's sales were 16.6% above the 10 year average! We've seen strong and consistent demand from home buyers throughout this year. This has led to steady increases in home prices of between 4 - 8% depending on the property.
  • The...

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