Greater Vancouver Housing Market Update. Aug. 2012




REBGV reports residential property sales in Greater Vancouver reached 1,649 sales

30.7  %  decrease compared to Aug. 2011 (2,378 sales)

11.2 %  decrease compared to July  2012  (2,098 sales)

39.2 % below the 10-year Aug. sales average of 3,051.


New Listings: 4,044 

13.7 %  decrease compared to Aug. 2011 (4,685)

15.8 %  decrease compared to July 2012 (4,802)



Total Listings: 17,567

13.8 %  increase compared to Aug. 2011 

2.8 %   decrease compared to July 2012


HPI benchmark price for all residential properties in Greater Vancouver:

$609,500

0.5 % decrease over the last 12 months

1.1 % decrease compared to the last months


House Sales: 624

38.8 % decrease from Aug. 2011 (1,020)

30.1%  decrease from Aug. 2010 (893)

The benchmark price: $942,100

0.2 % increase from Aug. 2011


Apartment Sales: 725

24.1% decrease from Aug. 2011 (955)

22.5 % decrease from Aug. 2010 (935)

The benchmark price: $370,100

0.9 % unchanged from Aug. 2011


Townhome Sales: 300

25.6 % decrease from Aug. 2011 (403)

19.8 %  increase from Aug. 2010 (374)

The benchmark price: $462,300

1.9 %  decrease compared to Aug. 2011