Competition continues to drive Metro Vancouver’s housing market
Metro Vancouver* home buyers spent the summer months searching for their next home. Between June and August, home sales were between 25 and 30 per cent above the ten-year sales average.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 3,362 on the Multiple Listing Service® (MLS®) in August 2015. This represents a 21.3 per cent increase compared to the 2,771 sales recorded in August 2014, and a decrease of 15.5 per cent compared to the 3,978 sales in July 2015.
Last month’s sales were 27.9 per cent above the 10-year sales average for the month.
“There was no summer lull in our market this year. Home buyers have been working with their REALTORS® throughout Continue Reading…