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Greater Vancouver Real Estate Market. August 2011

Port Moody Houses
 

Greater Vancouver Real Estate Market Update. August 2011

  • August was the third consecutive month that Greater Vancouver home sales activity was below 10-year average.

  • At the same time number of new listings that come to market has exceeded the 10-year norm every month starting the beginning of the year.

  • Though number of sales in August 2011 exceeded the same number of August 2010 by 8%, it ranked the third lowest total for August in 10 years.

  • Statistics indicate that we are in balanced market. However, with a sales-to-activities listings ratio of 15%, Greater Vancouver is in the lower end of a balanced market and has been trending toward a buyers' market over the past three months.

 

 

Benchmark Price for properties in Greater Vancouver(Estimated sale price for a typical property). August 2011:

House - $888,243

Townhouse - $511,433

Condo - $407,457

Vancouver Real Estate  
 
 
 
Fraser Valley Real Estate
 
 

 

 

 

 

Vancouver Real Estate
 
 
 
 
Click on the link below to see how your local market is doing:
 
Port Moody houses
 
 
Source: Real Estate Board of Greater Vancouver, Fraser Valley Real Estate Board
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.