The Real Estate Board of Metro Vancouver reports
"Competition for condominiums and townhomes pushed Metro Vancouver* home sales above typical levels in August. First-time home buyers have led a surge this summer in demand for our condominium and townhome markets, with homes priced between $350,000 and $750,000 the subject of intense competition and multiple offers across the region."
The key to success in any market is to be well prepared, and getting you ready for all market conditions is my top priority. If you are planning a change in lifestyle, let's work together to make it happen. I look forward to working for you. Regards, Dodi 604.644.3634
The MLS® HPI Benchmark Price of residential properties in August 2017 vs August 2016 were:
- Metro Vancouver: +2.2% for a single family home, +19.4% for a condo, and +12.8% for a townhome
- North Vancouver: +0.4% for a single family home, +15.9% for a condo, and +5.7% for a townhome
- West Vancouver: -6.3% for a single family home and +10.9% for a condo
- Coal Harbour +3.2% for a condo
Market types for August 2017
- Metro Vancouver's Detched properties is a balanced market at 16% with 918 sales out of 5,732 listings
- Metro Vancouver's Condo properties is a seller's market at 75.3% with 1,620 sales out of 2,150 listings
- Metro Vancouver's Townhome properties is a seller's market at 50.9% with 469 sales out of 922 listings
- North Vancouver Detached properties is a sellers market at 24.5% with 75 sales out of 306 listings
- North Vancouver Condo properties is a seller's market at 105.7% with 112 sales out of 106 listings
- North Vancouver Townhome properties is a seller's market at 53.1% with 26 sales out of 49 listings
- West Vancouver Detached properties is a buyer's market at 6% with 30 sales out of 501 listings
- West Vancouver Condo properties is a seller's market at 40.4% with 19 sales out of 47 listings
- Coal Harbour Condos are in a seller's market at 41.2% with 25 sales out of 60 listings
Read your full August reports here: North Vancouver, West Vancouver, Vancouver West
If you are interested in a report for another market don't hesitate to contact me: 604.644.3634 or dodi.t@shaw.ca
*Areas covered in Metro Vancouver include: Downtown Vancouver, Vancouver West, Vancouver East, North Vancouver, West Vancouver, Richmond, Tsawwassen, Ladner
The accuracy and completeness of the information is not guaranteed. Data was current on August 2, 2017 from the Real Estate Board of Greater Vancouver
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.