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Vancouver Market Update for May 10, 2019
Vancouver detached housing market remained in the doldrums with the median change from assessment being 9.9% on the downside in the trailing 30 days. Home prices have dropped 13.3% year-over-year and 2.07% month-over-month. 27 out of the 31 home sales recorded in the last seven days sold below assessed. Even recently built houses were selling […]
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Featured
Vancouver Market Update for May 8, 2019
The Vancouver detached market contraction shows no signs of easing, with a the median sold price compared to assessment for the trailing 30 days falling to 10.7% below 2019 assessed value. Vancouver single family home prices have dropped 14.2% year-over-year and 2.7% month-over-month as of today. Sales recorded in the last seven days Sales recorded […]
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Featured
Vancouver Market Update for May 7, 2019
The Vancouver detached market continued it’s downward trajectory, with a the median sold price compared to assessment for the trailing 30 days falling to 10.6% below 2019 assessed value. Vancouver single family home prices have dropped 14.2% year-over-year and 3.1% month-over-month. Sales recorded in the last seven days Sales recorded in the last seven days […]
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Featured
More Vancouver detached homes sell for less than a million in April 2019
At least seven Vancouver detached homes sold for under a million in April 2019 – up from just two sub-million sales last months – as the city’s real estate market cooldown gathered pace. 63 of the 78 single family home sales so far recorded sold below the current assessment, with the median sale price for […]
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Uncategorized
Vancouver home sellers in denial as the market edges lower
An analysis of asking prices for the 860 currently active detached home listings for Vancouver show that the vast majority of home sellers are in denial about the real estate market cool down. In March 2019, three out of four homes sold below current assessment, with the median sale price for a used detached house […]
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Uncategorized
Foreign buyers’ impact denying developer’s condo project goes on sale in Hong Kong
A condo project by a developer who has long denied the impact of foreign buyers on Metro Vancouver’s housing market has gone on sale in Hong Kong. Pre-sales buyers in Hong Kong will get deep discounts and rental guarantees for Domus Homes’s Ovation project in New Westminster at an exclusive two-day sales event this weekend. […]
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