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Like the weather, the summer market remained really hot!

(August 24, 2015, posted in Market Updates)

 This red hot market continues to sizzle! Notwithstanding the summer heat, August continued to be really busy. The interest rate drop was definitely a contributing factor. I am so grateful to have such a fantastic group of clients who refer me to their friends and colleagues,  and who rely upon my experience to help them with all of their real estate requirements: I have already surpassed last years sales!

According to The Real Estate Board of Greater Vancouver (REBGV), residential property sales in Metro Vancouver* reached 3,978 on the Multiple Listing Service® (MLS®) in July 2015. This represents a 30 per cent increase compared to the 3,061 sales recorded in July 2014, and a decrease of 9.1 per cent compared to the 4,375 sales in June 2015.

Vancouver real estate market

Last month’s sales were 33.5 per cent above the 10-year sales average for the month.

“Today’s activity continues to benefit sellers as home buyers compete for the homes available for sale,” Darcy McLeod, REBGV president said.

New listings for detached, attached and apartment properties in Metro Vancouver totalled 5,112 in July. This represents a 3.8 per cent increase compared to the 4,925 new listings reported in July 2014.

Please click here for the entire report...