british properties ~ west Vancouver

British Properties

August house sales totaled 5, up 1 from the month before and up 3 house sales from August 2016.

The number of houses actively listed for sale at the end of August totaled 99.  Inventory levels have been increasing since the beginning of the year.  In addition August's inventory total was greater than any month in 2016.

Over a sustained period of time when there are many more homes for sale than there are buyers, prices could decline!

The HPI benchmarks represent the price of a typical property within each market. The HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. These features become the composite of the ‘typical house’ in a given area.

Each month’s sales determine the current prices paid for bedrooms, bathrooms, fireplaces, etc. and apply those new values to the ‘typical’ house model.

British Properties MLS® Home Price Index (MLS® HPI) over the past year to date:
$2,869,300 Jan-16
$2,930,700 Feb-16
$3,012,300 Mar-16
$3,120,900 Apr-16
$3,297,500 May-16
$3,509,800 Jun-16
$3,658,600 Jul-16
$3,700,800 Aug-16
$3,764,200 Sep-16
$3,582,700 Oct-16
$3,396,400 Nov-16
$3,360,900 Dec-16
$3,344,600 Jan-17
$3,328,300 Feb-17
$3,328,300 Mar-17
$3,330,200 Apr-17
$3,387,800 May-17
$3,440,600 Jun-17
$3,505,000 Jul-17
$3,495,400 Aug-17