The Pearce Team

Service With Integrity

(604) 466-4549

Don's Greater Vancouver Housing Market Report

Vancouver Real Estate board overall

 

Single family houses sales for July totalled 1259 with the average sale price of $1,144,592. This 59% increase in number of sales and 9% increase in average price over last year same time period (July).

 

Townhouse sales for July totalled 487 with an average sale price of $547,979. This is a 26% increase in the number of sales and an increase of 1% in average price over the same time period last year (July).

 

Condominiums July sales totalled 1210 with the average sale price of $441,690. This a 30% increase in number of sales and 8% increase in average price over the same time period last year (July).

 

Total of all types for July was 2956 sales with an average sale price of $758,730. This is a 40% increase in number of sales and 13% increase in average price over July last year.


The Vancouver Real Estate Board sales volume year to date is down by 2% year to date and year to date average sales price has increased slightly by 2%. The number of active listings is 8% lower this July compared to last July. It would appear that prices have stabilized in both single family, townhouses and condos and we have a more balanced market.

Local Maple Ridge

 

Single family house July sales totalled 106 with the average sale price of $539,939. This a 4% increase in number of sales and average price increase of 9% compared to July last year. Townhouse July sales totalled 33 with an average sale price $307,386. This is a 22% increase in the number of sales and average price increase of 11% over last July. Condominiums July sales totalled 21 with the average sale price of $204,911. This is an 4% decrease in number of sales and average price increase of 25%% over last July.

 

Total of all types of sales for July was 160 with an average sale price of $448,003. This is a 6% increase in number of sales and a 10% increase in average price over last July.

 

Low volumes cause the monthly statistics to vary quite a bit from month to month.


Year to date average prices for single family are basically unchanged, townhouses also unchanged and condos increased about 5%. Average price for a single family in Maple Ridge has not changed in 3 years. We have seen about a 7-10% drop in average sale price of townhomes and condos in the same time period.

 

The number of properties on the market in Maple Ridge for July is 981 which is 4% less than last July.

 

For more detail just call 604-466-4549 or email

pearceteam@telus.net .

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