Home sales increase in July

Home buyer demand picked up across Metro Vancouver* last month, making July, a traditionally quieter month in real estate, the second highest selling month so far this year.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,557 in July 2019, a 23.5 per cent increase from the 2,070 sales recorded in July 2018, and a 23.1 per cent increase from the 2,077 homes sold in June 2019.

Last month’s sales were 7.8 per cent below the 10-year July sales average.

“While home sale activity remains below long-term averages, we saw an increase in sales in July compared to the less active spring we experienced,” Ashley Smith, REBGV president said. “Those looking to buy today continue to benefit from low interest rates, increased selection, and reduced prices compared to the heated market a few years ago.”

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Summer is the perfect time to spruce up the exterior of your home and help it look its best year-round. Besides making your home look more welcoming, boosting your home’s curb appeal is also a fantastic way to attract potential homebuyers. If you are thinking about revamping your home’s curb appeal, these inexpensive projects are the perfect place to start!

Get Rid of the Grime with a Power Wash

Years of accumulated dirt and dust can really put a damper on your home’s appearance. A power wash is a simple way of freshening up a home’s exterior that can make it look brighter and more attractive. Concrete driveways and walkways can also really benefit from a good power wash!

Touch up Your Home’s Paint Job

Through regular wear and tear, it is natural to have the paint on your home bubble and crack in a few spots. Thankfully, fixing these spots isn’t too much of an issue! If a part of your home’s paint is peeling, take a few chips to your local paint store to find a color that matches. Be sure to do a couple of test patches to see how a color looks once it has dried. Once you have your matching color, you will want to scrape the paint off of any rough-looking patches and apply a primer before you start painting.

Bring Some Color to Your Garden

Bright, colorful flowers are a great way to raise your home’s curb appeal! Perennial flowers such as certain types of sunflowers and lilies are low-maintenance additions that are sure to bring a welcoming splash of color to your front yard.

Stats are calculated comparing July 2019 to July 2018 .

To see more information on local stats in Vancouver, please click here.

Stats are calculated comparing July 2019 to July 2018 .

To see more information on local stats in Sunshine Coast, please click here.