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

Greater Vancouver Real Estate Market Stats for August 2017

 

Combined detached and attached sales in the Greater Vancouver market increased 3% compared to July’s sales ratio of 48% to finish with a 51% sales ratio for August. This continues the trends of a strong seller’s market overall. Total sales were up by about 14% compared to 2016, while sale prices climbed by 15% over the previous year.

Greater Vancouver Real Estate Market Stats - August 2017

Both 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 13% in Burnaby to a seller’s market high of 79% in Pitt Meadows. Attached units moved at a seller’s market in all cities, with a low of 81% in Port Coquitlam and 100% in New Westminster, Port Moody, Pitt Meadows, and Maple Ridge for the month of August.

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 August 2017.


Metro Vancouver Real Estate Market Stats for August 2017

Metro Vancouver sales improved by 3% over July’s ratio of 29% to finish at a 32% sales ratio for August. Total sales were up by 22% compared to 2016, while sale prices gained 11% increase compared to the previous year.

Metro Vancouver Real Estate Market Stats - August 2017

Sales ratios for detached homes in Metro Vancouver ranged from a buyer’s market low of 6% in West Vancouver to a seller’s market high of 43% in Ladner. Attached home sales ranged from a seller’s market low of 33% in West Vancouver to a high of 93% in North Vancouver.

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


Fraser Valley Real Estate Market Stats for August 2017

Combined home sales in the Fraser Valley improved by just 1% over July’s 43% sales ratio to finish with a market speed of 44%. Total sales volume increased by 12% compared to 2016. Sale prices in the Fraser Valley increased 13% compared to the previous year.

Fraser Valley Real Estate Market Stats - August 2017

Detached home sales ratios ranged from a balanced market low of 13% in White Rock to a seller’s market high of 44% in Mission. Attached homes in the Fraser Valley all posted seller’s market ratios with the low end of 36% in North Delta and the high of 100% in both Cloverdale and Langley.

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


Request Your Free SnapStats Market Report

Want to download a free copy of my monthly SnapStats Market Reports for your area? Request your free subscription now!