First a huge THANK YOU to all the ladies that donated bags for the Dress for Success ‘Helping Handbags’ campaign in September. I was so happy to be able to deliver your donations to this fantastic organization Your generosity is helping other women on the road to success. Should you wish to learn more, or to donate clothing/accessories, here is their website: https://vancouver.dressforsuccess.org/
I can always pick up from you too - just let me know.
As far as what happened in real estate for September? Much the same as we’ve been seeing the last few months. The supply of homes for sale continued to increase across the Metro Vancouver housing market in September while home buyer demand remained below typical levels for this time of year.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales were 43.5% less from September 2017, and a 17.3% less compared to August 2018.
Last month’s sales were 36.1% below the 10-year September sales average.
“Fewer home sales are allowing listings to accumulate and prices to ease across the Metro Vancouver housing market,” Ashley Smith, REBGV president-elect said. “There’s more selection for home buyers to choose from today. Since spring, home listing totals have risen to levels we haven’t seen in our market in four years.”
The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 38.2% more compared to September 2017 and a 10.7% more compared to August 2018.
“Metro Vancouver’s housing market has changed pace compared to the last few years. Our townhome and apartment markets are sitting in balanced market territory and our detached home market remains in a clear buyers’ market,” Smith said. “It’s important for both home buyers and sellers to work with their Realtor to understand what these trends means to them.”
Please get in touch if you would like information on a specific city/neighbourhood. For Vancouver, here is the snapshot:
Source of data: Real Estate Board of Greater Vancouver
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A large part of my business comes from referrals, so if you or someone you know is interested in buying and/or selling, please pass along my contact information and I would be happy to speak with them about how I can help.
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.