May 17, 2016
sales and listings report all regional may 15 2016
The phenomenon of low supply and high demand continues apace this month, though anecdotally Realtors are murmuring some evidence of a teeny slowing in light of prices having reached the stratosphere and, as a result, some Buyers have backed away or moved to other markets. Personally, every deal I've been party to this month has been a multiple offer situation but perhaps not as many competing offers on some properties as we've been accustomed to in recent months. Still, as you can see from the above sales and listing report, there is a dearth of supply on the West and East Sides of Vancouver with only 1 or 2 months supply. So, we are squarely in a Seller's market still.