{"id":545,"date":"2021-09-06T23:47:12","date_gmt":"2021-09-07T03:47:12","guid":{"rendered":"https:\/\/www.exponentialrealty.ca\/blog\/?p=545"},"modified":"2021-09-06T23:47:12","modified_gmt":"2021-09-07T03:47:12","slug":"august-2021-real-estate-stats-comments","status":"publish","type":"post","link":"https:\/\/www.exponentialrealty.ca\/blog\/august-2021-real-estate-stats-comments\/","title":{"rendered":"August 2021 Real Estate stats\/comments"},"content":{"rendered":"\n<p>Summary from the August 2021 Real Estate statistics by the Real Estate Board<\/p>\n\n\n\n<p>Sales \ud83d\udd3d :\u00a029.7% decrease compared from August 2020, and a 8.6% decrease from July 2021. Last month\u2019s sales were 20.4% above the 10-year August sales average.<br>Inventories\ud83d\udd3d :\u00a029.7% decrease compared to August 2020 (12803) and a 8.6% decrease compared to July 2021 (9850).\u00a0<br>Price \ud83d\udd3c: Benchmark price for all residential properties in Metro Vancouver is currently $1,176,600. This represents a 13.2% increase over August 2020 and 0.3% increase compared to July 2021.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>My comments:<\/p>\n\n\n\n<p>The market has been slow the past couple months and the lack of inventory has built up a strong momentum. I am seeing multiple offers in various areas in the Greater Vancouver area and at different price range. Downtown studio and 1 bedroom units have come up quite a bit all of a sudden. A good example:<\/p>\n\n\n\n<p><a href=\"https:\/\/bcres.paragonrels.com\/publink\/default.aspx?GUID=76518fd2-fe66-4186-aea8-b61c6886223d&amp;Report=Yes\">https:\/\/bcres.paragonrels.com\/publink\/default.aspx?GUID=76518fd2-fe66-4186-aea8-b61c6886223d&amp;Report=Yes<\/a><\/p>\n\n\n\n<p>On the other side of Fraser River, Surrey and N. Delta are both getting very competitive, the property was sold over asking by close to $200,000 in under 10 days. Buyers are looking for bigger land, older homes to renovate. Sold prices drastically went up within the past few weeks. <\/p>\n\n\n\n<p><a href=\"https:\/\/bcres.paragonrels.com\/publink\/default.aspx?GUID=0444466d-7b9f-48d7-b374-5e5a121df12d&amp;Report=Yes\">https:\/\/bcres.paragonrels.com\/publink\/default.aspx?GUID=0444466d-7b9f-48d7-b374-5e5a121df12d&amp;Report=Yes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary from the August 2021 Real Estate statistics by the Real Estate Board Sales \ud83d\udd3d :\u00a029.7% decrease compared from August 2020, and a 8.6% decrease from July 2021. Last month\u2019s &hellip;<\/p>\n","protected":false},"author":3,"featured_media":548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/545"}],"collection":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/comments?post=545"}],"version-history":[{"count":1,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/545\/revisions"}],"predecessor-version":[{"id":547,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/545\/revisions\/547"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/media\/548"}],"wp:attachment":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/media?parent=545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/categories?post=545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/tags?post=545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}