8/26/2018 0 Comments August 2018 Housing Market Update - Sales last month reached the lowest levels since 2000
For last month, residential housing sales in Metro Vancouver* reached their lowest levels since the year 2000. There continues to be fewer active buyer's in today's market. Both Buyer's and Seller's are waiting it out. "The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver* is currently $1,087,500. This represents a 6.7 per cent increase over July 2017 and a 0.6 per cent decrease compared to June 2018." Home prices have trended up in general, but we do a see a slight decrease from June to July. This makes sense as with less active buyers, it is helping drive home prices down across Metro Vancouver*.
*These statistics include areas covered by the Real Estate Board of Greater Vancouver which include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, Pitt Meadows, Maple Ridge, and South Delta.
For all your Real Estate needs,
Jerome Susi Real Estate Agent Team 3000 Realty Ltd. M: 604-500-5326 E: jerome.susi@gmail.com www.jeromesusi.com
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AuthorJerome Susi is a real estate agent in the Vancouver metro area. He specializes in working with buyers and first time home buyers looking to fulfill their dream of property ownership. Archives
January 2020
CategoriesAll Client Dual Agency First Time Home Buyer Home Buying Mortgage Pre-approval Real Estate Market Unrepresented Party |
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All information provided herein has been obtained from sources believed reliable, but may be subject to errors, omissions, change of price, prior sale, or withdrawal without notice. Jerome Susi and Team 3000 Realty make no representation, warranty or guaranty as to accuracy of any information contained herein. You should consult your advisors for an independent verification of any properties.
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All information provided herein has been obtained from sources believed reliable, but may be subject to errors, omissions, change of price, prior sale, or withdrawal without notice. Jerome Susi and Team 3000 Realty make no representation, warranty or guaranty as to accuracy of any information contained herein. You should consult your advisors for an independent verification of any properties.
PRIVACY POLICY