The Metro Vancouver* housing market continues to experience reduced demand across all housing types.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,929 in August 2018, a 36.6 per cent decrease from the 3,043 sales recorded in August 2017, and a 6.8 per cent decline compared to July 2018 when 2,070 homes sold.
Last month’s sales were 25.2 per cent below the 10-year August sales average.
“Home buyers have been less active in recent months and we’re beginning to see prices edge down for all housing types as a result,” Phil Moore, REBGV president said. “Buyers today have more listings to choose from and face less competition than we’ve seen in our market in recent years.”
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I am Honored to be a part of the RE/MAX Social Committee and being a part of the “RE/MAX Big Give 2017” for the second year in a row being able to help raise over $20,000 for the BC Children’s Hospital Foundation.
“Surround yourself with Great People and Great things will happen”. Thank you to all our Sponsors, Donors, Owners, Fellow Realtors, Support Staff and the most amazing RE/MAX Social Committee that made The RE/MAX Big Give Golf tournament and BBQ a reality.
Over $20,000 was raised for BC Children’s Hospital Foundation!
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 average.
“Housing demand is inconsistent across the region right now. Pockets of the market are still receiving multiple offers and others are not. It depends on price, property type, and location,” Jill Oudil, REBGV president said. “For example, it’s taking twice as long, on average, for a detached home to sell compared to both townhomes and condominiums.”
RE/MAX of Western Canada, in association with the Western Hockey League, All Weather Windows, iRobot, Black and Decker, and Sherwin Williams, are proud to provide clients and fans the opportunity to win more than $20,000 in Home Improvement Prizes.
Phase 2 of the RE/MAX Home Team Contest runs from March 1 to April 30, 2017.
Click here to find out the details