the vancouver rennie advance | September 2024

highlights • Therewere2,910M LS salesin theVancouverRegion in August,adrop of17% com pared tothe previousm onth thatwasgreaterthan thetypicalJuly-to-Augustdeclineof8%.Com pared with August2023,saleswerealso 17% lower(from 3,487 lastyear). • Lastm onth’ssalescountw asthelow estsinceJanuary and represented thefourth consecutive m onthlydecline.Itwasalsothesecond-fewestsalesforthem onth ofAugustin thepast12 years (behind August2022). • Salesin Augustwere28% lowerthan theprior10-yearAugustaverage.D etached hom esaleswere thefurthestbelow average(-42%,to894)folowed bytownhom es(-30%,to547)and condos (-20%,to1,340).

VANCOUVERREGION THERENNIEADVANCE sales

AUGUST2024

4,000

- 10% vsAug2023

3,500

3,000

2,500

2,000

1,529 10 yrAugAvg

1,500

1,000

DETACHED sales

894

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500

- 42% vs10yrAugAvg

﹍ 10yrAugustAverage

● August

- 18% vsAug2023

1,000 1,200 1,400 1,600

786 10 yrAugAvg

200 400 600 800

TOWNHOME sales

547

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0

- 30% vs10yrAugAvg

﹍ 10yrAugustAverage

● August

3,500

- 21% vsAug2023

3,000

2,500

2,000

1,681 10 yrAugAvg

1,500

1,340

1,000

CONDO sales

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500

- 20% vs10yrAugAvg

﹍ 10yrAugustAverage

● August

Copyright© 2024ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber3,2024.Aldatafrom RealEstateBoardofGreaterVancouver andFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtake stepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 3 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online