skip to Main Content

Prices and homes listed up, sales down in Metro Vancouver real estate market

VANCOUVER – The supply of homes in Metro Vancouver’s real estate market hit a three-year high as sales dipped below historical averages last month.

The Real Estate Board of Greater Vancouver reports there were 2,425 home sales last month, a 37.7 percent decline from June 2017.

Board president Phil Moore says rising interest rates, high prices and more restrictive mortgage requirements are among the factors dampening home buying activity.

Vancouver Real Estate News, Market Updates, Insider Tips, Stats, & Analysis

Sign up for insider real estate news & tips from our podcasting team.

Are you a realtor? Click here
Selling Your Home? Click here

  • Reload
  • Should be Empty:

Moore says that has allowed the supply of homes for sale to reach levels that they have not seen in the last few years.

There were 5,279 detached, attached and apartment properties newly listed for sale in Metro Vancouver in June, for a total of almost 12,000 for sale, reaching the highest listings figures since June 2015.

The composite benchmark price for all residential properties in Metro Vancouver is $1,093,600, representing a 9.5 percent increase over June last year.

Continue reading the full story here >>
 

This Post Has One Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

As Seen and Heard On

Media enquiries and press contact info: media@vancouverrealestatepodcast.com

© 2020 Matt Scalena PREC* & Adam Scalena PREC* , all rights reserved • Site MapBy Line49 Web Design, Vancouver BC

*Considering a real estate transaction? One of the first decisions you will need to make is whether you should work with a licensed real estate professional who will represent you. Take a moment to read this important consumer protection information from the Real Estate Council of BC. This form explains the special legal duties that real estate professionals owe to their clients. CLICK HERE and please call 778-847-2854 or 778-866-4574 immediately if you would like to discuss.

Back To Top