Here’s whats happening right now in the “other” Vancouver:
According to the latest report from “benchmarks,” a service of Riley & Marks appraisers in Vancouver, sales of new and pre-owned homes were off 19.3 percent last month with just 719 homes sold, the lowest number for July in five years. But only in the past two months has the median monthly sales price been lower than a year ago, down 2.9 percent in July from 2006.
So is this a buyers market? “In some higher-end categories of $350,000 and up, maybe.”