“We’ve seen a healthy
amount of demand in the marketplace this summer compared to the number of homes
listed for sale,” Sandra Wyant, REBGV president said.
“The market today is much
stronger than we saw last year and is consistent with our long-term averages
for this time of year.”Highlights from the August Stats Package include:
- 2,514 total residential sales in August 2013
- a 52% increase in sales compared to August 2012 with 1,649 sales
- Sales to active listings ratio of 15.7% which is consistent with balanced market conditions
"People entering the market should not confuse stronger sales activity with rising prices. Home prices have been quite stable and consistent for much of this year," Wyant said.
Benchmark Prices for South Burnaby properties for August 2013:
- Single Family Detached $970,800
- Townhouse $408,000
- Condo $377,300
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