Monthly real estate statistics covering the North Shore, the Vancouver West Side, East Vancouver and Whistler.
REBGV Neighbourhood Statistics by Area
Vancouver Real Estate REBGV August Report
A slow summer market for new listings has meant that Vancouver home buyers are still facing a limited number of options in many areas. There were 6.1% fewer homes available for purchase this past August than in July. Moving through August and into September, there were also 16% fewer new listings added.
It is this low supply in many areas that is preventing prices from dropping more significantly than they have despite rising interest rates. Overall pricing did decline 2.2% from July to August, although it is still 7.4% higher than this time last year. Buyers do have slightly better selection than the historic lows of year ago, with 7.3% more inventory.
The fall market starts this month and a greater volume of new listings is expected, so don't hesitate to reach out if you have any questions or are curious about prices in your area.
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