Market Research

Market Spotlight: August Residential Stats

The Real Estate Board of Greater Vancouver have released August residential stats. Sales activity is up significantly over August 2012, while attendant price increases are modest at best. Here are a few highlights:

  • Listings were down 8.8% from August 2012
  • Sales were up 52.5% in August 2013 compared to August 2012.
  • Single family benchmark pricing is up since January 2013 in almost all submarkets (except for secondary submarkets such as Sunshine Coast, Squamish and Bowen Island)
  • Average prices are still down since August 2012 – for single family (-2.0%) and condos (-1.1%)

REBGVAug2013

Source: REBGV stats

September 4, 2013by david.taylor@colliers.com