August 2014 Vancouver Real Estate Market Update

Greetings! 

Vancouver Home Buyers did not take a vacation this summer August numbers prove! The Metro Vancouver housing market experienced steady home sale, listing, and pricing trends for the month of August. Property sales in Greater Vancouver were up over 10% from August 2013.

“Activity this summer has been strong but not unusual for our region,” Ray Harris, REBGV president said. “The volume of home sales has been higher than we’ve seen in the last three years, yet below the record-breaking levels of the past decade.” Last month’s sales were 4.3% above the 10-year sales average for August.

 

Vancouver’s Hottest Markets in August

 

 North Vancouver Detached 

Blueridge, Forest Hills, Pemberton Heights and Pemberton were some of the top selling neighbourhoods!

All reaching over a 70% SALES RATIO – SELLERS MARKET

 

 Vancouver West and Downtown Attached

Kitsilano, Mount Pleasant, Coal Harbour and Yaletown were some of the busiest neighbourhoods!

All reaching over a 30% SALES RATIO – SELLERS MARKET

 

 Buyers Best Bet

Detached in Southands
Attached in Renfrew
Attached in Central Lonsdale

 

We are well into a busy Fall Market and NOW is a fantastic time to Buy or Sell – if you are thinking about making a move contact me today!

For the August 2014 Greater Vancouver Real Estate Statistic click here.

 

 

Warm Regards,

Morgan

 

 

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