Market Watch
August 15th, 2008
New Market Creates
Opportunity for Savvy Sellers & Buyers
After record breaking units sales in 2007, listing inventory has increased and the pace of sales has gone back to normal levels. The good news overall is residential prices continued to climb. New listings for detached, attached and apartment properties have increased 24% in July 2008 compared to July 2007.**
In Greater Vancouver, the number of sales of detached, attached and apartment properties in July 2008 has declined an average of 44.3% from units sold during the same period in 2007. The benchmark price for detached properties is up 5.4% from July 2007. The
After record breaking units sales in 2007, listing inventory has increased and the pace of sales has gone back to normal levels. The good news overall is residential prices continued to climb. New listings for detached, attached and apartment properties have increased 24% in July 2008 compared to July 2007.**
In Greater Vancouver, the number of sales of detached, attached and apartment properties in July 2008 has declined an average of 44.3% from units sold during the same period in 2007. The benchmark price for detached properties is up 5.4% from July 2007. The