Vancouver\u2019s active listing count could drop below 10k for the second time in 25 years<\/a><\/strong>\r\n <\/div>\nAcross Metro Vancouver, the MLS\u00ae Home Price Index composite benchmark price for all properties was $1,175,500 in July, unchanged from June, but up 13.8 percent compared to the same month last year.<\/p>\n
Of the three property types that REBGV analyzes, apartment properties showed the sharpest increase in annual sales growth last month. During July, 1,666 apartment sales were transacted, a 19 percent year-to-year increase. The benchmark price of an apartment reported a moderate uptick, now $736,900, which is up 8.4 percent from a year ago and down 0.1 percent from June.<\/p>\n
In July, 1,050 detached homes were sold, a 6.3 percent drop from July 2020. Although the benchmark price of a detached property remained at $1,801,100, unchanged from June, this represents a 21 percent price increase compared to the same month last year.<\/p>\n
Similar to July 2020, 610 attached homes were sold last month, a 0.5 percent year-over-year improvement. The benchmark price of an attached home crept up 0.3 percent from June to $949,400, but posted a 16.7 percent jump over July 2020.<\/p>\n
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<\/a>Photo:\u00a0Mike Benna<\/a> \/ Unsplash<\/a><\/em><\/p>\n