What happened in the real estate market in your neighbourhood during July 2017? Watch the video for a summary and read the full post for more details.

Greater Vancouver Real Estate Market Stats for July 2017

Combined detached and attached sales in the Greater Vancouver market dropped significantly compared to June’s sales ratio of 72% to finish with a 48% sales ratio for July. Despite the drop, it remains a strong seller’s market overall. Total sales were down by about 11% compared to 2016, while sale prices held steady with a respectable gain of 8% over the previous year.

Greater Vancouver Real Estate Market Stats - July 2017Both Detached and Attached sales in nearly all municipalities the Greater Vancouver market area posted Seller’s Market sales ratios. Detached sales ranged from a buyer’s market low of 11% in Burnaby to a seller’s market high of 74% in Pitt Meadows. Attached units moved at a seller’s market in all cities, with a low of 57% in Pitt Meadows and 100% in Port Coquitlam, Port Moody,, and Maple Ridge for the month of July.

The statistics above represent both detached and attached homes in Burnaby, New Westminster, Coquitlam, Port Coquitlam, Pitt Meadows, and Maple Ridge for the month of July 2017.


Metro Vancouver Real Estate Market Stats for July 2017

Metro Vancouver sales fell 14% from June’s ratio of 43% to finish at a 29% sales ratio for July. Total sales were down by 8% compared to 2016, while sale prices maintained a 4% increase compared to the previous year.

Metro Vancouver Real Estate Market Stats - July 2017Sales ratios for detached homes in Metro Vancouver ranged from a buyer’s market low of 9% in West Vancouver to a seller’s market high of 30% in Ladner. Attached home sales ranged from a seller’s market low of 22% in West Vancouver to a high of 85% in Ladner.

The statistics above represent both detached and attached homes in Ladner, North Vancouver, Richmond, Tsawwassen, Vancouver, and West Vancouver for the month of July 2017.


Fraser Valley Real Estate Market Stats for July 2017

Combined home sales in the Fraser Valley dropped 20% from June’s 63% sales ratio to finish with a market speed of 43%. Total sales volume was steady compared to 2016 with only a one unit different. Sale prices in the Fraser Valley increased 15% compared to the previous year, besting both Greater Vancouver and Metro Vancouver for year-over-year price gains.

Fraser Valley Real Estate Market Stats - July 2017Detached home sales ratios ranged from a balanced market low of 13% in White Rock to a seller’s market high of 54% in Cloverdale. Attached homes in the Fraser Valley all posted seller’s market ratios with the low end of 43% in North Delta and the high of 100% in Langley.

The statistics above represent both detached and attached homes in Abbotsford, Cloverdale, Delta, Langley, Mission, Surrey, and White Rock for the month of July 2017.


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