For the second straight month, home buyer demand in Metro Vancouver* moved off of the record-breaking pace to more typical levels. Residential property sales in Metro Vancouver shows a 26% decline compared to August 2015. It’s important to know that pricing trends differs between different kind of measure you use. Average price are the simplest measure but aren’t the most accurate. Compositional changes in the kind and price of home selling today are causing average sale price to decline in recent month. MLS HPI bench mark prices are the most reliable and stable home value indicator across regions. Benchmark prices takes into account the type, size and feature of homes selling at particular market and then measures price changes over time. Please click on the video above for more information.
For a no obligation, no pressure, accurate assessment of your home value please contact us at 604.685.5445. We have qualified buyers who maybe interested in your property.
Downtown Vancouver 13-Month Market Trend
Community – Condo & Townhouse (Attached)
Media Data – Condo & Townhouse (Attached)