The benchmark price for all residential properties in Greater Vancouver was $601,500 in August – a 1.3% decline compared with a year earlier, according to the Real Estate Board of Greater Vancouver.
Residential property sales reached 2,514 in August 2013, 14.7% lower than July, but a 52.5% higher than one year earlier
“We’ve seen a healthy amount of demand in the marketplace this summer compared with the number of homes listed for sale,” said REBGV president Sandra Wyant.
“The market today is much stronger than we saw last year and is consistent with our long-term averages for this time of year.”
There were 1,052 sales of detached properties in August, is an increase of 69% compared with August 2012. The benchmark price for detached properties decreased year-over-year by 2% to $923,700.
