The Pearce Team

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Don's Real Estate Market Report - Fall Market begins

Vancouver Real Estate board overall


Single family houses salesAugust totalled 624 with the average sale price of $1,142,237. This 39% decrease in number of sales and a 2% decrease in average price over last year same time period (August) .

Townhouse sales for August totalled 300 with an average sale price of $547,588. This is a 25% decrease in the number of sales and an decrease of 2% in average price over the same time period last year (August).

Condominium sales for  August totalled 725 with the average sale price of $444,218. This a 24% decrease in number of sales and decease of 2% in average price over the same time period last year (August).

 

Total of all typesfor August was 1649 sales with an average sale price of $727,162. This is a 30% decrease in number of sales and a 6% decrease in average price over August last year.

 

The volume of sales overall continues to decrease substantially over the same month of the previous year. The Vancouver Real Estate Board sales volume year to date is down by 21% and year to date average sales price is down 7%. The number of active listings is 18% higher this August compared to last August. Increased inventory and reduced demand has the Real Estate Board of Greater Vancouver stating that it now a BUYERS market.

 

Local Maple Ridge

 

 

After a fairly quiet summer we are anticipating a reasonably active fall (September to early December). On reviewing the last four years local Maple Ridge / Pitt Meadows activity level and prices are basically unchanged.

 

 Single family houses for August sales totalled 61 with the average sale price of $487,877. This a 33% decrease in number of sales and average price decreased by 7% compared to August last year.

 

Townhouse August sales totalled 25 with an average sale price $293,895. This is a 3% decrease in the number of sales and a 3% decrease in average price compared to last August.

 

Condominiums August sales totalled 14 with the average sale price of $201,700. This is a 17% decrease in number of sales and a 2% increase in price over last August.

 

Total of all types of sales for August was 150 with an average sale price of $404,737. This is ao 3% increase in number of sales and a 4% decrease in average price over last August.

 

The Maple Ridge sales volume year to date is down by 8% and year to date average sales price is basically unchanged. The number of active listings is 2% higher this August compared to last August.

 

The number of properties on the market in Maple Ridge is similar to last year and our prices and market activity are virtually unchanged in the last 2 - 3 years.

 

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

pearceteam@telus.net

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