highlights • Therewere3,502M LS salesin theVancouverRegion in August,which wasdown 6% from July’s 3,742 sales.Though thiswasles than thetypicalJuly-to-Augustdeclinein sales(of9%),the region’ssaleswerestil 15% below thelong-run Augustaverage. • Com pared toJuly,August’stownhom esalesweredown by13% (to671),detached hom esales weredown by8% (to1,046),and condosalesweredown by3% (to1,691). • Com pared to Augustoflastyear,which wasdefined bysluggish dem and am idstrelativelyrapidly risingrates,lastm onth’stotalM LS salesforal hom etypeswerehigher:by29% forcondos,by 18% fordetached hom es,and by17% fortownhom es.
THERENNIEADVANCE sales
AUGUST 2023
4,000
+ 18% vsAug2022
3,500
3,000
2,500
2,000
1,617 10 yrAugAvg
1,500
1,000
DETACHED sales
1,046
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500
- 35% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
+ 17% vsAug2022
1,000 1,200 1,400 1,600
786 10 yrAugAvg
200 400 600 800
671
TOWNHOME sales
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 15% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
3,500
+ 29% vsAug2022
3,000
2,500
2,000
1,637 10 yrAugAvg
1,500
1,691
1,000
CONDO sales
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500
+ 3% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
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