highlights • MLS sales in the Vancouver Region fell for the fifth consecutive month, to 5,139, in August 2021. The month-over-month drop was only 2%, however, as the region did not follow the typical seasonal decline of 11% between July and August. Further, the month’s sales tally was 3% higher than in August 2020, and 30% higher than the past-decade August average • Notably, August recorded its highest sales count for the month since 2005. • The year-over-year increase in sales in August (of 3%) was once again driven entirely by condos, with last month’s sales up 27% versus last year. Detached and townhome sales were down relative to August 2020, with transactions of these home types sitting 13% and 4% below last year’s levels. That said, both types were up over the long-term average as demand for ground oriented housing was unusually high in August 2020.
THE RENNIE ADVANCE
sales
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Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of September 2, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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