The Lenfesty Report - May 2015

(May 24, 2015 )

Friends, clients & neighbours:

How hot is this market? It’s hot. It’s really hot.

Home sales in Greater Vancouver in April were 29.3% above the 10‐year average for that month.

The sales‐to‐listings ratio, at 33.6% in April, is the highest it’s been since 2007.

REALTORS® across the region and right into the Fraser Valley are regularly reporting multiple‐offer situations.

Benchmark prices for “typical” homes are up compared to one year ago in all categories across 
the region.

In Burnaby North the one‐year increase of 14% for detached houses has put the Benchmark Price at $1,091,600;apartment and townhome prices were also up, but in single digits.

Call me for a detailed look at your neighbourhood.


Click to read the entire May issue of The Lenfesty Report
Statistics Source: Real Estate Board of Greater Vancouver