{"id":270,"date":"2013-08-02T20:42:36","date_gmt":"2013-08-02T20:42:36","guid":{"rendered":"http:\/\/renerealestate.com\/blog\/?p=270"},"modified":"2013-08-02T20:42:36","modified_gmt":"2013-08-02T20:42:36","slug":"very-hot-july-in-real-estate","status":"publish","type":"post","link":"http:\/\/renerealestate.com\/blog\/very-hot-july-in-real-estate\/","title":{"rendered":"Very hot July in Real Estate"},"content":{"rendered":"
\n

It has been a crazy busy Summer so far. I am not surprised with statistics below based on the activity I have witnessed in July. It is a great time for Buyers to look because prices have stayed fairly stable. More listings have come on the market due to the increased activity.<\/p>\n

\n

July home sale activity increases in Greater Vancouver<\/strong><\/p>\n

\nSunny weather did not slow the pace of home sale activity in July. Last month was the highest selling month of the year in Greater Vancouver and the highest selling July since 2009.
\nThe Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,946 on the Multiple Listing Service\u00ae (MLS\u00ae) in July 2013. This represents a 40.4 per cent increase compared to the 2,098 sales recorded in July 2012, and an 11.5 per cent increase compared to the 2,642 sales in June 2013.
\nLast month\u2019s sales were 0.1 per cent above the 10-year sales average for the month.
\n\u201cDemand has strengthened in our market in the last few months, which can, in part, be attributed to pent-up demand from the slowdown in sales activity we saw at the end of last year,\u201d Sandra Wyant, REBGV president said.
\nNew listings for detached, attached and apartment properties in Greater Vancouver totalled 4,854 in July. This represents a 1.1 per cent increase compared to the 4,802 new listings reported in July 2012 and a 0.4 per cent decline from the 4,874 new listings in June of this year.
\nThe total number of properties currently listed for sale on the MLS\u00ae in Greater Vancouver is 16,618, which is an 8.1 per cent decrease compared to July 2012 and a 3.9 per cent decline from June 2013.
\nThe sales-to-active-listings ratio rose two and-a-half percentage points between June and July to 17.7 per cent in Greater Vancouver. This is the highest this ratio has been in Greater Vancouver since April 2012.
\nThe MLS\u00ae Home Price Index composite benchmark price for all residential properties in Greater Vancouver is currently $601,900. This represents a decline of 2.3 per cent compared to this time last year and an increase of 2.3 per cent over the last six months.
\n\u201cHome prices continue to experience considerable stability with minimal fluctuation throughout much of this year,\u201d Wyant said. \u201cThis stability in price brings greater certainty to the home buying and selling process.\u201d
\nSales of detached properties reached 1,249 in July 2013, an increase of 59 per cent from the 787 detached sales recorded in July 2012, and a 13.7 per cent increase from the 1,099 units sold in July 2011. The benchmark price for detached properties decreased 3.1 per cent from July 2012 to $920,500.
\nSales of apartment properties reached 1,210 in July 2013, an increase of 31 per cent compared to the 927 sales in July 2012, and an increase of 16.3 per cent compared to the 1,040 sales in July 2011. The benchmark price of an apartment property decreased 1.6 per cent from July 2012 to $368,300.
\nAttached property sales in July 2013 totalled 487, an increase of 27 per cent compared to the 384 sales in July 2012, and a 12.7 per cent increase from the 432 attached properties sold in July 2011. The benchmark price of an attached unit decreased 2.6 per cent between July 2012 and 2013 to $456,700.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

It has been a crazy busy Summer so far. I am not surprised with statistics below based on the activity I have witnessed in July. It is a great time for Buyers to look because prices have stayed fairly stable. More listings have come on the market due to the increased activity. July home sale […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[3,7,12,5],"tags":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pa0qGx-4m","_links":{"self":[{"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/posts\/270"}],"collection":[{"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/comments?post=270"}],"version-history":[{"count":2,"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/posts\/270\/revisions"}],"predecessor-version":[{"id":273,"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/posts\/270\/revisions\/273"}],"wp:attachment":[{"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/media?parent=270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/categories?post=270"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/tags?post=270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}