Vancouver and Surrey area Housing Market Update - August 2021

Dated: September 2 2021

Views: 821

Detached Homes - Market Updates

       

Home listing supply decline across Metro Vancouver, The Real Estate Board of Greater Vancouver (REBGV) reports that TOTAL residential home sales in the region recorded at 3,152 in the month of August 2021, a 3.4 per cent increase from the 3,047 sales recorded in August 2020, and a 5.2 per cent decrease from the 3,326 homes sold in July 2021 and August 2021 sales were 20.4 per cent above the 10-year August sales average.

Fraser Valley Real Estate Board recorded a total sale of 2,087 property sales in the month of August 2021, an increase of 4.0 per cent compared to July 2021 and a 2.4 per cent increase compared to the same month last year. Home buyers are facing supply shortages.

 

Here are the Metro Vancouver Real Estate and Fraser Valley Real Estate Market updates for the Detached homes (all price ranges) for the month of August 2021.

 

 

Vancouver East - AUGUST 2021 Market Update

 

Sales in Vancouver-East recorded at 102 in the month of August 2021, which represents -13.6% % decrease compared to August 2020.

 

Total New Listing in Vancouver-East recorded at 136 in the month of August 2021, which indicates -48.5 %, decrease compared to August 2020.

 

Average Sales Price in Vancouver-East recorded at $1,851,669 in the month of August 2021, which represents +12.9 % increase compared to August 2020.

 

Average Days on Market in Vancouver-East recorded at 36 days in the month of August 2021, which represents +50.0% increase compared to August 2020.

 

Vancouver south - AUGUST 2021 Market Update

 

Sales in Vancouver-East recorded at 13 in the month of August 2021, which represents +44.4% increase compared to August 2020.

 

Total New Listing in Vancouver-East recorded at 136 in the month of August 2021, which indicates -42.3%, decrease compared to August 2020.

 

Average Sales Price in Vancouver-East recorded at $1,915,000 in the month of August 2021, which represents +26.8 % increase compared to August 2020.

 

Average Days on Market in Vancouver-East recorded at 33 days in the month of August 2021, which represents +73.7% increase compared to August 2020.

 

 

North Delta - AUGUST 2021 Market Update

 

Sales in North Delta recorded at 60 in the month of August 2021, which represents -4.8% decrease compared to August 2020.

 

Total New Listing in North Delta recorded at 38 in the month of August 2021, which indicates -57.3% decrease compared to August 2020.

 

Average Sale Price in North Delta recorded at $1,344,762 in the month of August 2021, which represents +30.6% increase compared to August 2020.

 

Average Days on Market in North Delta recorded at 28 days in the month of August 2021, which represents +16.7% increase compared to August 2020.

South - SURREY/ White Rock - AUGUST 2021 Market Update

 

Sales in South Surrey/White Rock recorded at 134 in the month of August 2021, which represents +13.6%, decrease compared to August 2020.

 

Total New Listing in South Surrey/White Rock recorded at 157 in the month of August 2021, which indicates -35.7% decrease compared to August 2020.

 

Average Sale Price in South Surrey/White Rock recorded at $1,794,773 in the month of August 2021, which represents +20.2% increase compared to August 2020.

 

Average Days on Market in South Surrey/White Rock recorded at 39 days in the month of August 2021, which represents -9.3% decrease compared to August 2020.

 

SURREY- NORTH – AUGUST 2021 Market Update

 

Sales in North Surrey recorded at 85 in the month of August 2021, which represents -6.6%, decrease compared to August 2020.

 

Total New Listing in North Surrey recorded at 110 in the month of August 2021, which indicates -28.6% decrease compared to August 2020.

 

Average Sale Price in North Surrey recorded at $1,597,042 in the month of August 2021, which represents +41.7% increase compared to August 2020.

 

Average Days on Market in North Surrey recorded at 45 days in the month of August 2021, which represents +12.5% increase compared to August 2020.

 

 SURREY- central – AUGUST 2021 Market Update

 

Sales in North Surrey recorded at 158 in the month of August 2021, which represents -16.0% decrease compared to August 2020.

 

Total New Listing in North Surrey recorded at 171 in the month of August 2021, which indicates -50.3% decrease compared to August 2020.

 

Average Sale Price in North Surrey recorded at $ 1,449,872 in the month of August 2021, which represents 38.5% increase compared to August 2020.

  

Disclaimer: This Market information is general in nature and shouldn’t solely rely on it and This information is not intended to cause or induce breach of an existing agency agreement. 

 

Source: Each point is actual monthly data. Data is from September 2, 2021. Reported at 11:30am.

All data © 2021 BC Northern Real Estate Board, Chilliwack and District Real Estate Board, Fraser Valley Real Estate Board, and Real Estate Board of Greater Vancouver. All rights reserved.
Data deemed reliable but not guaranteed. StatsCentre © 2021 Showing Time.

 

Sales Price: Calculations are based on MLS sold data. Average price is the total dollar volume divided by the total number of sales in a given month.

New Listings: A count of the properties that have been newly listed on the market in a given month. Calculations are based on MLS listing data.

Sales: A count of the actual sales that closed in a given month. Calculations are based on MLS sold data.

Days on Market: Average number of days between when a property is listed and when an offer is accepted in a given month. Calculations are based on MLS sold data. *

 

Stay up to date with your city housing market and Become an Informed Real Estate Consumer!

Blog author image

SELL-HOME.ca

SELL- HOME - Real Estate Services in Metro Vancouver and Fraser Valley Area. Find help for all your Real-Estate needs at SELL-HOME.CA. • FREE Home Evaluation – Find out the Current price of you....

Latest Blog Posts

NOVEMBER 2021 VANCOUVER and SURREY HOUSING MARKET UPDATE

VANCOUVER/ SURREY -  HOUSING MARKET UPDATENovember 2021In the month of November, the supply of homes for sale continues to decline across Metro Vancouver. The Real Estate Board of Greater

Read More

Housing Market October 2021 Review - Metro Vancouver and Fraser Valley Areas

Detached - Housing MARKET UPDATE       VANCOUVER, BC – November 2, 2021  In Metro Vancouver*, home sales activity remained above historical averages in October,

Read More

Vancouver, Surrey Housing Market Review - September 2021

Detached - Housing MARKET UPDATE       The Real Estate Board of Greater Vancouver (REBGV) reports that residential total home sales in the region recorded at 3,149 in September

Read More

Vancouver and Surrey area Housing Market Update - August 2021

Detached Homes - Market Updates       Home listing supply decline across Metro Vancouver, The Real Estate Board of Greater Vancouver (REBGV) reports that TOTAL residential home

Read More