Buyers Market Says Real Estate Board
July 4th, 2008Market activity offers awaited relief for homebuyers
VANCOUVER, B.C. July 3, 2008 Increased property listings and moderating home prices have eased the Greater Vancouver housing market into a buyers phase. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined 42.9 per cent in June 2008 to 2,425 from the 4,244 sales recorded in June 2007.
New listings for detached, attached and apartment properties increased 18.3 per cent to 6,546 in June 2008 compared to June 2007, when 5,533 new units were listed.
VANCOUVER, B.C. July 3, 2008 Increased property listings and moderating home prices have eased the Greater Vancouver housing market into a buyers phase. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined 42.9 per cent in June 2008 to 2,425 from the 4,244 sales recorded in June 2007.
New listings for detached, attached and apartment properties increased 18.3 per cent to 6,546 in June 2008 compared to June 2007, when 5,533 new units were listed.