August Real Estate Market Update

How did the Real Estate Market do in August?

August activity in the Greater Vancouver housing market finished well above last year's pace and slightly below the 10-year average for the month. There's been a healthy amount of demand in the marketplace this summer compared to the number of homes listed for sale. Today's market is much stronger than we saw last year and is consistent with our long-term averages for this time of year. Buyers should not confuse sales volume with rising prices. Home prices have been stable and consistent throughout this year.

Hottest Market's in Greater Vancouver?

 1. DETACHED Houses on the Eastside. Sellers market
25% sales ratio. Average price is $914,166

2.  ATTACHED Condos and Townhouses Downtown Vancouver. Sellers market 24% sales ratio. Average Price is $505,000

3. DETACHED Houses in North Vancouver.
Sellers market 23% sales ratio. Average price is $1,021,000

4. ATTACHED Condos and Townhouses on the Eastside. Sellers market 21% sales ratio. Average price $375,000.
 For more information on current market conditons, please feel free to give me a call anytime! 604-417-4457


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