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July home sale activity increases in Greater Vancouver

Blog by Ryan Windsor PREC | August 7th, 2013

 "Demand has strengthened in our market in the last few months, which can, in part, be attributed to pent-up demand from the slowdown in sales activity we saw at the end of last year," Sandra Wyant, REBGV president said.

 Highlights from the July Stats package include:
  • 2,946 total residential property sales in July 2013

  • 11.5% increase compared to the 2,642 sales in June 2013

 "Home prices continue to experience considerable stability with minimal fluctuation throughout much of this year," Wyant said. "This stability in price brings greater certainty to the home buying and selling process."

 Benchmark prices for South Burnaby properties for July 2013:
  • Single Family Detached $968,800

  • Townhouse $405,200

  • Apartment (Condo) $379,600

Brought to you by Ryan Windsor - your local South Burnaby REALTOR®