DonKennedyRealtor.com

Attached please find the latest statistics from Greater Vancouver Realtors.   The News Release reports lower expectations among Sellers prompting a pricing ease in August. As a result, increased transaction volume with Buyers is noted. With an average amount of new listings, the inventory built up during the challenging first part of 2025 is expected to continue diminishing - and that includes higher end properties. This August recorded a 2.9 percent increase in residential sales compared to last August. Year to year newly listed properties are up 2.8 percent while last month’s total inventory is 17.6 percent higher than August 2024. The composite value of all properties is 3.8 percent lower August to August.   The graph shows a 7 percent drop from July to August for the average price of Metro Vancouver detached properties. The benchmark price for houses in August 2025 is 4.8 percent below the previous August. Year to year the volume of detached home sales rises 13 percent.   Last month versus August 2024, Vancouver west detached prices are down 5.6 percent. West side house sales jump 17 percent year to year. Inventory increases 24.2 percent this August compared to the previous August.   From July to August west side house sales are 11.3 percent lower. Month to month detached inventory is down 14.9 perce...Click here to read more detail about 'VANCOUVER WEST AUGUST HOUSE MAR...'