AUGUST MARKET STATS ARE OUT!
Tom Ireland • September 7, 2017
Competition for condominiums and townhomes pushed Metro Vancouver home sales above typical levels in August. Click to read more. The post AUGUST MARKET STATS ARE OUT! appeared first on Andy Schildhorn, PREC.
Competition for condominiums and townhomes pushed Metro Vancouver home sales above typical levels in August.
Here’s a little breakdown:
– August sales were up 20% from the 10-year average for the month.
– There were 1.1% fewer homes listed than the previous year.
– The benchmark price for a home in Metro Vancouver was $1,029,700.
Give me a call if you have any questions! Click here to read the full report.
The post AUGUST MARKET STATS ARE OUT! appeared first on Andy Schildhorn, PREC.
SURREY, BC – The Fraser Valley market showed early signs of a spring thaw in February, with sales increasing over January, but continuing to trail typical levels for this time of year. The Fraser Valley Real Estate Board recorded 843 sales on its Multiple Listing Service® (MLS®) in February, a 36 per cent increase from January, but 38 per cent below the ten-year seasonal average. New listings declined nine per cent in February to 2,796, suggesting some sellers are choosing to wait amid competitive inventory levels, and may be positioning their homes for the peak of the spring market.
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The economics of building new homes in Canada are now "simply broken," sparking a macroeconomic drag that CIBC economists warn is just beginning to take hold. 👉 Details Here
