highlights • The2,850M LS salesin theVancouverRegion in Augustwereup–barely— by0.1% com pared to July,which wasthefirstm onth-over-m onth increasein 4 m onths.N otably,thisincreaseoc ur ed againstthebackdrop ofatypicalJuly-to-Augustdeclinein salescountsof11%.Thatsaid,August’s saleswere45% lowerthan in thesam em onth oneyearago,and were31% below thepast-decade A ugustaverage.O veral,salesactivity w asfairly tepid forthem onth. • O n am onth-over-m onth basis,salesoftownhom esand detached hom esincreased by19% (to573) and 2% (to 890),respectively.In contrast,condo salesdeclined by7% (to 1,314— thelowestofany Augustsince2015). • O n ayear-over-yearbasis,saleswereloweracros al hom etypes,with detached hom esalesdown them ost(by50%),folowed closelybytownhom es(down 44%)and condos(down 41%).
THERENNIEADVANCE sales
AUGUST 202
4,000
- 50% vsAug2021
3,500
3,000
2,500
2,000
1,650 10 yrAugAvg
1,500
1,000
DETACHED sales
890
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500
- 46% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
- 44% vsAug2021
1,000 1,200 1,400 1,600
776 10 yrAugAvg
200 400 600 800
573
TOWNHOME sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 26% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
3,500
- 41% vsAug2021
3,000
2,500
2,000
1,598 10 yrAugAvg
1,500
1,000
1,314
CONDO sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500
- 18% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
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