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Home sale activity remained below long-term averages in the
Greater Vancouver housing market in August.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached
and apartment properties reached 1,649 in August, a 30.7 per cent decline compared to the 2,378 sales in
August 2011 and a 21.4 per cent decline compared to the 2,098 sales in July 2012.
August sales were the second lowest total for the month in the region since 1998 and 39.2 per cent below the
10-year August sales average of 2,711.
“Home sales this summer have been lower than we’ve seen for most of the
Home sale activity remained below long-term averages in theGreater Vancouver housing market in August.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attachedand apartment properties reached 1,649 in August, a 30.7 per cent decline compared to the 2,378 sales inAugust 2011 and a 21.4 per cent decline compared to the 2,098 sales in July 2012.August sales were the second lowest total for the month in the region since 1998 and 39.2 per cent below the10-year August sales average of 2,711.“Home sales this summer have been lower than we’ve seen for most of the past ten years, yet we continue tosee relative stability when it comes to prices,” Eugen Klein, REBGV president said.