Second Quarter Home Sales Across Greater Vancouver Real Estate Hit 27 Year Low

To suggest sales have been weak might be an understatement, Vancouver detached housing sales have fallen to a 27 year low in the month of June. This has spread to more than just the city of Vancouver, detached home sales across Greater Vancouver (REBGV) also hit a 27 year low in June, and the second quarter of 2018. Many have chosen to take their home off the market and try again at a later date. New listings for the month of June tumbled 29% year over year, down to their lowest total in thirteen years. As for the condo market, Vancouver condo sales sank 32% year over year in June. The fewest since June 2012. The average price per square foot now sits at $1034, a 5% increase year over year in the city of Vancouver. While that’s still in positive growth territory, the deceleration of price growth has been noticeable in 2018. Condo Inventory has finally stopped falling. After nearly three years of consistent declines in overall inventory, it pushed higher by jumping 40% on a year over year basis for the month of June. ** Download the Saretsky Report for the month of June 2018 HERE http://vancitycondoguide.com/wp-content/uploads/2018/07/SS-MonthRev-2018-06.pdf ** **Please do me a favour, if I have provided any sort of value to you in these videos please leave me a review on google. It would be much appreciated. https://www.google.ca/search?q=steve+saretsky+realtor&oq=steve+saretsky+realtor&aqs=chrome..69i57j69i60j69i61l2j0l2.4688j0j7&sourceid=chrome&ie=UTF-8#lrd=0x548673c783a3a10f:0xea2d4bc6fdeedeb6,3,,,