Sep 2007 5

August: consumer demand continuing to outpace supply

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Here is the news from the Real Estate Board of Vancouver, B.C. September 5, 2007.

"Greater Vancouver’s residential housing market remained brisk this August, with consumer demand continuing to outpace supply, as it has done for much of the year. We’ve seen sales near record levels for three consecutive months, despite the summer traditionally being a slower time for real estate in Greater Vancouver."

"Although the average number of days a property stayed on the market increased to 41 days from 38 days in July, this slowdown clearly didn’t impact consumer demand," explains Naphtali. "Burnaby, Richmond, Squamish, Vancouver East and Vancouver West all experienced healthy sales gains in the detached and apartment property categories."

You can download the whole Vancouver real estate August 2007 news release here in PDF format.

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