highlights • For the second consecutive month in August, year-over-year MLS sales in the Greater Vancouver board area were higher. The 16% increase reflected a resurgence of demand during 2019’s summer months. • Sales rose for all product types compared to one year ago, moving up by 24% for detached homes, 17% for townhomes, and 9% for condos. • Despite this bounce-back, August’s 2,244 sales were still 13% below the past- decade August average of 2,589. On a product-type basis, detached sales were 26% below the 10-year average, townhomes were 12% lower, and condos were 4% lower.
sales THE RENNIE ADVANCE
AUGUST 2019
2,500
August
2,000
vs 10yr Aug Avg 26%
1,500
10yr Aug Avg 968
1,000
DETACHED sales
713
500
vs Aug 2018 24%
0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
0 100 200 300 400 500 600 700 800
August
vs 10yr Aug Avg 12%
10yr Aug Avg 393
345
TOWNHOME sales
vs Aug 2018 17%
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2,500
August
2,000
vs 10yr Aug Avg 4%
1,500
10yr Aug Avg 1,172
1,120
1,000
vs Aug 2018 9%
CONDO sales
500
0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
CurrentasofSeptember3,2019.Alldata from theRealEstateBoardofGreaterVancouver.The informationsetoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent, warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipient of the informationshould takestepsas the recipientmaydeemnecessary toverify the informationprior toplacingany relianceupon the information.The informationmaychangeany timewithoutnoticeorobligation to the recipient fromRAR&RMS.
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