The number of homes sold in Metro Vancouver continued to drop last month, but the benchmark price remained stable, according to new numbers from the Real Estate Board of Greater Vancouver.
In total, 2,253 homes were sold in September, a decrease of 9.5 per cent compared to August 2016, and a drop of 32.6 per cent compared to September 2015.
But the benchmark price for all residential properties in Metro Vancouver remained stable at $931,900 — a 0.1 per cent decline compared to August 2016, but a 28.9 per cent increase compared to September 2015.
“Changing market conditions are easing upward pressure on home prices in our region,” Morrison said. “There’s uncertainty in the market at the moment and home buyers and sellers are having difficulty establishing price as a result. To help you understand the factors affecting prices, it’s important to talk with a REALTOR®.”
“Supply and demand conditions differ today depending on property type. We’re seeing more demand for condominiums and townhomes today than in the detached home market.”
Sales of detached properties in September 2016 reached 666, a decrease of 47.6 per cent from the 1,272 detached sales recorded in September 2015. The benchmark price for detached properties is $1,579,400. This represents a 33.7 per cent increase compared to September 2015.
Sales of apartment properties reached 1,218 in September 2016, a decrease of 20.3 per cent compared to the 1,529 sales in September 2015.The benchmark price of an apartment property is $511,800. This represents a 23.5 per cent increase compared to September 2015.
“大温房屋价钱会随着市场情况的变化而变化。现在的市场有不确定性存在。作为卖家或者买家，最好跟自己的房地产经纪做沟通，了解市场目前现状及影响价格的因素。” 大温地产局主席Dan Morrison如是说。