DAN McCARTHY

RE/MAX CREST

BLOG

Market Review.

BC Housing Market Activity Continues Moderating Trend in July.



Vancouver, BC - August 11, 2021.

The British Columbia Real Estate Association (BCREA) reports that a total of 9,663 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July 2021, a decrease of 7.2 per cent over July 2020.

The average MLS® residential price in BC was $891,687, a 17.1 per cent increase from $761,772 recorded in July 2020. Total sales dollar volume was $8.6 billion, an 8.6 per cent increase from last year.

 

"Provincial market activity slowed in July with both sales and listings declining on a seasonally adjusted basis," said BCREA Chief Economist Brendon Ogmundson. "While sales remain robust, listings activity continues to be a concern as inventories trend near record lows."

Total active residential listings were down 32.2 per cent year-over-year in July and continued to fall on a monthly seasonally adjusted basis.

Year-to-date, BC residential sales dollar volume was up 124.7 per cent to $73.4 billion, compared with the same period in 2020. Residential unit sales were up 85.4 per cent to 80,461 units, while the average MLS® residential price was up 21.2 per cent to $912,379.





  

I am committed to assisting you during your real estate transaction...
"EVERY STEP of THE WAY"
   
Please contact me at 604.649.1541 or email dan@danmccarthy.ca
 to be of further assistance.

 

Mobile: 604-649-1541
Office: 604-433-2211
Toll Free: 1-866-433-2211
Fax: 604-433-5274
RE/MAX Crest Realty
# 1 - 5050 Kingsway
Burnaby BC V5H 4C2
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.