August of this year has seen lower sales than both July of this year (by over 21%) and August of last year (by over 30%)!
When you look at attached and detached properties separately, the sale of attached properties declined by almost 20% since August of 2011 and the sale of detached homes dropped by about 39% since last August.
The total number of sales for attached, detached and apartment sales in the Greater Vancouver residential housing market was second lowest total since 1998 and is almost 40% lower than the 10 year average for August.
So all in all, as you can see, August has not been a HOT month for real estate! However, things are picking up and with the interest rates still at their historical lows and great deals out there, buyers have started snatching the well-priced properties out there.