May was another solid month for Vancouver’s housing market as the Real Estate Board of Greater Vancouver (REBGV) posted some of the strongest numbers of the past three years. Get the facts in our monthly infographic of sold Vancouver home prices in May 2014.
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According to REBGV president Ray Harris, the housing market in Vancouver is the most active it has been in three years. The market experienced a 14 per cent rise in sales over May of last year and has stayed balanced for the past six months. Despite a greater sense of competitiveness among buyers, realtors report competition has not deterred house hunters. Buyers were willing to pay over the asking price in May, which is a large change from last year’s behaviour.
Check out the breakdown for homes sold in Vancouver.