{"id":530,"date":"2017-09-11T13:43:15","date_gmt":"2017-09-11T17:43:15","guid":{"rendered":"http:\/\/www.kanavero.com\/blog\/?p=530"},"modified":"2017-09-11T13:43:15","modified_gmt":"2017-09-11T17:43:15","slug":"real-estate-market-report-august-2","status":"publish","type":"post","link":"https:\/\/www.kanavero.com\/blog\/2017\/09\/real-estate-market-report-august-2\/","title":{"rendered":"Real Estate Market Report – August"},"content":{"rendered":"

Condominium sales drive August activity<\/h2>\n

Competition for condominiums and townhomes pushed Metro Vancouver* home sales above typical levels in August.\u00a0The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,043 in August 2017, a 22.3 per cent increase from the 2,489 sales recorded in August 2016, and a 2.8 per cent increase compared to July 2017 when 2,960 homes sold.<\/p>\n

\u201cFirst-time home buyers have led a surge this summer in demand in our condominium and townhome markets,\u201d Jill Oudil, REBGV president said. \u201cHomes priced between $350,000 and $750,000 have been subject to intense competition and multiple offers across the region.\u201d<\/p>\n

The total number of properties currently listed for sale on the MLS\u00ae system in Metro Vancouver is 8,807, a 3.5 per cent increase compared to August 2016 (8,506) and a 4.2 per cent decrease compared to July 2017 (9,194).\u00a0Sales of apartment properties reached 1,613 in August 2017, a 20.1 per cent increase compared to the 1,343 sales in August 2016. The benchmark price of an apartment property is $626,800. This represents a 19.4 per cent increase from August 2016 and a 1.7 per cent increase compared to July 2017.<\/p>\n

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Taken from: Real Estate Board of Greater Vancouver<\/p>\n

Photo by:\u00a0@jordanrossmedia<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Condominium sales drive August activity Competition for condominiums and townhomes pushed Metro Vancouver* home sales above typical levels in August.\u00a0The Real Estate Board of Greater Vancouver (REBGV) reports that residential … [read more<\/a>]<\/p>\n","protected":false},"author":5,"featured_media":534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/530"}],"collection":[{"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/comments?post=530"}],"version-history":[{"count":12,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/530\/revisions"}],"predecessor-version":[{"id":553,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/530\/revisions\/553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/media\/534"}],"wp:attachment":[{"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/media?parent=530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/categories?post=530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/tags?post=530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}