Pitt Meadows Sales June 2021 vs 2020- Slower Summer Market

Benchmark prices are up across the board, between 16.4-27.2% over thier 2020 counterparts. 

After breaking $1,200,000 for the first time in June detached homes took a $10,000 dip in July, before rebounding in August.
Detached home prices have increased $226,400 in just 8 months.

December: $973,100
January: $1,013,200
February: $1,066,700
March: $1,143,000
April: $1,166,100
May: $1,189,900
June: $1,203,000
July: $1,193,800
August: $1,199,500

Supply has decreased accross the board when compared to the same time in 2020; between 34.1-54.1%
Sales have increased across the board between 16.7-60%

August was a slow month in terms of supply accross the board. 
Mirroring the Tri City area, the entire market was short on supply compared to August 2020--although it was on par with July 2021.
Condos saw the largest supply decline with a 65.2% decrease compared to August 2020.
Detached homes saw the second biggest decrease with a 32.4% decline compared to August 2020.

August 2021 saw more active townhouse and condo listings than July 2021 did.

The benchmark price for a condo has increased $76,500 over the last 12 months.
The benchmark price for a townhouse has increased $137,300 over the same period of time.


Snapshot:
While increasing in price over the last 30 days detached homes show signs of potentially leveling out.
The townhouse and condo market remain level with slight forward momentum.

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