The Pearce Team

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Don's Greater Vancouver Housing Report - Summer slowdown

Vancouver Real Estate board overall

 

Single family houses sales for July totalled 790 with the average sale price of $1,041,325. This 28% decrease in number of sales and a 8% decrease in average price over last year same time period (July) .

 

Townhouse sales for July totalled 384 with an average sale price of $538,297. This is a 11% decrease in the number of sales and an decrease of 5% in average price over the same time period last year (July).

 

Condominiums July sales totalled 927 with the average sale price of $406,366. This a 10% decrease in number of sales and decease of 9% in average price over the same time period last year (July).

 

Total of all types for July was 2101 sales with an average sale price of $669,231. This is a 18% decrease in number of sales and a 12% decrease in average price over July last year.

 

The volume of sales overall continues to decrease substantially over the same month of the previous year. The Vancouver Real Estate Board sales volume year to date is down by 20% and year to date average sales price is down 7%. The number of active listings is 18% higher this July compared to last July. Increased inventory and reduced demand has the Real Estate Board of Greater Vancouver stating that it now a BUYERS market.

 

Local Maple Ridge

 

Single family houses July sales totalled 101 with the average sale price of $491,780. This a 7% increase in number of sales and average price unchanged compared to July last year.

 

Townhouse July sales totalled 27 with an average sale price $276,418. This is a 25% decrease in the number of sales and a 14% decrease in average price compared to last July.

 

Condominiums July sales totalled 22 with the average sale price of $162,840. This is a 46% increase in number of sales and a 26% decrease in price over last July.

 

Total of all types of sales for July was 150 with an average sale price of $404,737. This is a 3% increase in number of sales and a 4% decrease in average price over last July.

 

The Maple Ridge sales volume year to date is down by 6% and year to date average sales price is up 2%. The number of active listings is 1% higher this July compared to last July.

 

The number of properties on the market in Maple Ridge is similar to last year and our prices and market activity are virtually unchanged in the last 2 years.

 

For more detail just call 604-466-4549 or email

pearceteam@telus.net .

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