The Real Estate Board of Greater Vancouver has just released their statistical reports on sales and price variations for the month of August 2014.
Residential home sales in Metropolitan Vancouver rose 10.2% from the same period in 2013.
The 6 Month change in Benchmark prices for Single Family Detached homes in surrounding areas are as follows:
Vancouver West Side: $ 2.3 Million 6.4% increase
Vancouver East Side: $ 936,000 7% increase
Richmond: $ 994,000 6.3% increase
Tsawwassen: $ 744,000 4.3% increase
Ladner: $ 638,000 3.2% increase
Quiite simply, buyers and sellers were quite active in the summer months when normally they would be on holiday. There have been modest to incremental gains throughout the Lower Mainland communites as continued low mortgage rates, net In-Migration and consumer confidence fuel the interest.
For more information on your local community changes or to speak directly with Trevor Barnett, please send me an email or call my direct sales #: 604-961-2800
Looking forward to hearing from you soon!