Brendan Connolly

Vancouver Real Estate: Westside, Eastside & Downtown

Residential Real Estate Consultant
RE/MAX Select Properties  604-833-8793

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Home buyer demand continues to differ based on housing type

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VANCOUVER, BC – October 3, 2017 – Apartment and townhome activity is outpacing the detached home market across Metro Vancouver. This activity helped push total residential sales above the historical average in September. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,821 in September 2017, a 25.2 percent increase from the 2,253 sales recorded in September 2016, and a 7.3 percent decrease compared to August 2017 when 3,043 … [Read more...] about Home buyer demand continues to differ based on housing type

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Condominium sales drive August activity

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VANCOUVER, BC – September 5, 2017 – Competition for condominiums and townhomes pushed Metro Vancouver* home sales above typical levels in August. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,043 in August 2017, a 22.3 per cent increase from the 2,489 sales recorded in August 2016, and a 2.8 per cent increase compared to July 2017 when 2,960 homes sold. Last month’s sales were 19.6 per cent above the 10-year August sales … [Read more...] about Condominium sales drive August activity

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Metro Vancouver sees fewer home sales and more listings in July

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VANCOUVER, BC - August 2, 2017 - Home buyer activity returned to more typical summer levels in Metro Vancouver last month. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,960 in July 2017, an 8.2 per cent decrease from the 3,226 sales recorded in July 2016, and a decrease of 24 per cent compared to June 2017 when 3,893 homes sold. Last month’s sales were 0.7 per cent above the 10-year July sales … [Read more...] about Metro Vancouver sees fewer home sales and more listings in July

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Demand for condominiums continues to outstrip supply

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VANCOUVER, BC - July 5, 2017 - The imbalance between supply and demand in the condominium market is creating home buyer competition across Metro Vancouver. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,893 in June 2017, an 11.5 per cent decrease from the 4,400 sales recorded in June 2016, an all-time record, and a decrease of 10.8 per cent compared to May 2017 when 4,364 homes sold. Last month’s sales were 14.5 per cent … [Read more...] about Demand for condominiums continues to outstrip supply

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Market activity picks up in May

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VANCOUVER, BC – June 2, 2017 – Home buyer activity returned to near record levels across the Metro Vancouver housing market in May. Residential property sales in the region totalled 4,364 in May 2017, a decrease of 8.5 per cent from the 4,769 sales in May 2016, an all-time record, and an increase of 22.8 per cent compared to April 2017 when 3,553 homes sold. Last month’s sales were 23.7 per cent above the 10-year May sales average and is the third-highest selling May on … [Read more...] about Market activity picks up in May

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Condominiums and townhomes in high demand across Metro Vancouver

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VANCOUVER, BC – May 2, 2017 – Demand for condominiums and townhomes continues to drive the Metro Vancouver* housing market. Residential property sales in the region totalled 3,553 in April 2017, a 25.7 per cent decline compared to April 2016 when 4,781 homes sold and a 0.7 per cent decrease from the 3,579 sales recorded in March 2017. April sales were 4.8 per cent above the 10-year average for the month. For the first four months of the year, condominium and townhome sales have … [Read more...] about Condominiums and townhomes in high demand across Metro Vancouver

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Demand for homes continues to outpace supply in Metro Vancouver

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VANCOUVER, BC – April 4, 2017 – A shortage of residential property listings coupled with strong demand, particularly for condos and townhomes, continued to impact Metro Vancouver’s housing market in March. Residential property sales in the region totalled 3,579 in March 2017, a decrease of 30.8 per cent from the 5,173 sales recorded in record-breaking March 2016 and an increase of 47.6 per cent compared to February 2017 when 2,425 homes sold. Last month’s sales were 7.9 per cent above the … [Read more...] about Demand for homes continues to outpace supply in Metro Vancouver

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Low supply continues to limit Metro Vancouver home buyers

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VANCOUVER, BC – March 2, 2017 – Reluctance amongst Metro Vancouver* home sellers is impacting sale and price activity throughout the region’s housing market. 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. [embedyt] … [Read more...] about Low supply continues to limit Metro Vancouver home buyers

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Metro Vancouver housing market off to a quieter start than last year

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VANCOUVER, BC – February 2, 2017 – Home sales and listings trends are below long-term averages in the Metro Vancouver* housing market. This is due largely to reduced activity in the detached home market. 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 … [Read more...] about Metro Vancouver housing market off to a quieter start than last year