Let's take a look at the Vancouver Real Estate market trends as we head into the busy fall season.
Starting with Vancouver East condos and townhomes, we can see that August produced the expected declines both in the number of sales and the number of new listings. August is historically a slower month in Vancouver and with the fabulous weather we had, this year was no exception. You will notice that prices climbed slightly, which is mostly due to the lack of inventory for those buyers who were active in the market.
Switching over to the detached homes market, we see almost identical trends. Lower numbers of sales and new listings with a level price point.
Where does that leave us for September? Look for inventory to increase, along with sale volumes, while prices remain fairly stable. The Fall is typically a more active market in Vancouver real estate it all indications points to towards another busy season this year.