Vancouver Real Estate Statistics – August 2012
The number of homes sales in the Vancouver area in August 2012 has declined again from the number sold in the same time period for the previous month. A total of 1,649 properties exchanged hands in August, down 21.4% from the 2098 sales in July. Compared to a year ago those figures are down 30.7% from August 2011.
To put that in perspective, that is the lowest number of sales we have seen in August since 1998 which is 39.2% lower than the past 10 year average number of sales for August.
New listings (4,044) have also declined in the month of August, down 15.8% from July 2012, and down 13.7% down from the same month last year (4,685 new listings)
Take a look at the graphs at the bottom of this post.
Detached Properties in Vancouver:
Average price in August 2012 was $942,100. The number of recorded sales was 624, decreasing year on year 38.8% (1,020 sales in August 2011).
Apartment Properties in Vancouver:
Average price in August 2012 was $370,100 and the number of recorded sales hit 725, that represents a price decline of 0.9% from August 2011, and a 24.1% decline for the number of sales from the same time last year.
Attached Properties in Vancouver:
300 attached properties were sold in August 2012, the average pice was $462,300. Price is down 1.9% from the previous year, and number of sales down 25.6%.
To get your property sold in this market, it’s imperative that you have the best possible agent working on your behalf. Find out how our 24/7 marketing can get your home sold faster and for more money, even in this market.
Call me today to help put these statistics into perspective for you, and we can discuss how they apply to your specific Vancouver Real Estate situation. Adam Chahl – 778 385 6141