Week 35 – Vancouver Real Estate Week in Review (August 22nd – August 28th, 2021)

City of Vancouver – Weekly Vancouver Real Estate Market Update – Week 35 (August 28th, 2021)

In the last week our real estate market showed signs of late summer fatigue. I've spoken before of the impact of long weekends but we are heading into the biggest long weekend of the year...Labour Day.

We saw a sharp drop in sales across the city from 285 (a high for the summer) down to 197. Meanwhile, new listings increased slightly from 243 to 253 pushing total active listings to 3,410.

As we've found ourselves for for much of the summer we are in a balanced market with 4.33 MOI.

The hottest sub-markets are for condominiums. All three areas (East Van, Westside and Downtown) are in fact in Seller's Markets. At the same time, detached homes (houses) on both sides of the city are in a buyer's market.

We will likely see a significant increase in listings come on the market AFTER Labour Day. Between now and then (eg next week) there's unlikely to be much activity as most of us are focusing on beaches, vactions and families (not to mention, back to school!).


Vancouver West (Westside)

Vancouver West – Houses – Weekly Vancouver Real Estate Market Update – Week 35 (August 28th, 2021)

Vancouver West – Townhouses – Weekly Vancouver Real Estate Market Update – Week 35 (August 28th, 2021)

Vancouver West – Apartments – Weekly Vancouver Real Estate Market Update – Week 35 (August 28th, 2021)

East Vancouver (Eastside)

East Vancouver – Houses – Weekly Vancouver Real Estate Market Update – Week 35 (August 28th, 2021)

East Vancouver – Townhouses – Weekly Vancouver Real Estate Market Update – Week 35 (August 28th, 2021)

East Vancouver – Apartments – Weekly Vancouver Real Estate Market Update – Week 35 (August 28th, 2021)

Downtown Vancouver

Downtown Vancouver – Townhouses – Weekly Vancouver Real Estate Market Update – Week 35 (August 28th, 2021)

Downtown Vancouver – Apartments – Weekly Vancouver Real Estate Market Update – Week 35 (August 28th, 2021)

Comments:
No comments

Post Your Comment:

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.