{"id":16356,"date":"2020-08-27T10:10:00","date_gmt":"2020-08-27T17:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=16356"},"modified":"2020-08-21T12:02:00","modified_gmt":"2020-08-21T19:02:00","slug":"greater-vancouver-home-sales-set-for-best-summer-performance","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2020\/08\/greater-vancouver-home-sales-set-for-best-summer-performance\/","title":{"rendered":"Greater Vancouver Home Sales Set for Best Summer Performance"},"content":{"rendered":"<p style=\"text-align: justify;\">The Vancouver region is on track for another barn-burning month after setting a strong pace in July.<\/p>\n<p style=\"text-align: justify;\">By roughly August\u2019s midway point, 1,304 homes had changed hands in Greater Vancouver. That\u2019s up nearly 12 percent from the same period in 2019 and over 19 percent from 2018, according to data published this week by Dexter Realty Managing Broker Kevin Skipworth.<\/p>\n<p style=\"text-align: justify;\">The total for August 2020\u2019s first half is also comparable to activity seen during the same period in July, when 1,404 homes had sold by this point. In an analysis published alongside the data, Skipworth said that July\u2019s first half had 10 days of reported sales, compared to just nine in August.<\/p>\n<p style=\"text-align: justify;\">The broker said in an email that sales may edge down from the high achieved through July and early August as people use the final stretch of summer to take vacation.<\/p>\n<p style=\"text-align: justify;\">But even with a slight slowdown, Skipworth said August 2020\u2019s sales performance will certainly be better than the previous two years.<\/p>\n<p style=\"text-align: justify;\">New listings brought to market by mid-August, at 2,758, were higher than the same periods in the past two years, but 11 percent lower than the same point in July. There were 13,227 active listings on the market for the Vancouver region as of August 14, higher than mid-July but still over a thousand fewer than the same time a year ago.<\/p>\n<p style=\"text-align: justify;\">\u201cThe market still suffers from a lack of homes available for sale keeping many areas and product types in seller\u2019s market conditions,\u201d Skipworth said.<\/p>\n<p style=\"text-align: justify;\">\u201cWe continue to see increased activity above $5 million in Vancouver with there being multiple offers on a $10-million-plus property on Vancouver\u2019s west side in recent weeks. With interest rates remaining low and buyer sentiment positive, activity in the market will continue to be strong,\u201d Skipworth continued.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.livabl.com\/2020\/08\/vancouver-home-sales-best-august-since-2017.html\" target=\"_blank\" rel=\"noopener noreferrer\">Vancouver Home Sales Set for Best August Performance Since 2017<\/a> by Sean MacKay | Livabl<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Vancouver region is on track for another barn-burning month after setting a strong pace in July. By roughly August\u2019s midway point, 1,304 homes had changed hands in Greater Vancouver. &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2020\/08\/greater-vancouver-home-sales-set-for-best-summer-performance\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-16356","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Greater Vancouver Home Sales Set for Best Summer Performance &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2020\/08\/greater-vancouver-home-sales-set-for-best-summer-performance\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Greater Vancouver Home Sales Set for Best Summer Performance &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"The Vancouver region is on track for another barn-burning month after setting a strong pace in July. 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