More Sellers Than Buyers

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.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.