News: Vancouver Real Estate MarketThe Contract of Purchase and Sale Explained
Posted in
Accepted Offer, BC Home Sales, BCREA, British Columbia Real Estate Association, Contract, Contract of Purcahse and Sale, CPS, Firm Sale, Greater Vancouver, Home For Sale, Home Sale, Informative Video, Metro Vancouver, Multiple Offers, Negotiating For You, Offer, Property For Sale, Real Estate Contracts, Real Estate Forms, Real Estate Transaction, Subject Offer
The Contract of Purchase and Sale (CPS) is one of the key documents used in a real estate transaction. The attached video created by the British Columbia Real Estate Association (BCREA) will help you understand and answer some of the common questions, such as:
If you want to know more about the CPS form, feel free... RESILIENT RESPONSE AS HOUSING MARKET SLOWS AMID PANDEMIC
Posted in
BC Home Sales, BCREA, British Columbia Real Estate Association, Covid-19 Housing Market Update, COVID-19 impact on home prices, Greater Vancouver, Home Buyers, Home Owners, Home Prices, Metro Vancouver, MLS, MLS Home Sales, MLS listings, Multiple Listing Service, Real Estate Market, Residential Homes, The New Normal
According to the British Columbia Real Estate Association (BCREA), there was a total of 3,284 residential units recorded by the Multiple Listing Service® (MLS®) in April 2020. This is a decline of 50.8% from April 2019.
The average MLS® residential price in BC was $737,834, a 7.8% increase from $684,430 recorded the previous year. Total sales dollar volume in March was $2.4 billion, a 46.9% decrease over 2019. "We expected to see a sharp drop in sales for April as we confronted the COVID-19... NEW SYSTEMS TAKE SHAPE AS HOME SALES AND LISTINGS DROP AMID THE PANDEMIC
Posted in
Active MLS Listings, Apartment Homes, Attached Homes, BC Home Prices, BC Home Sales, Benchmark Price, Covid-19 impact on home prices, Detached Homes, Greater Vancouver, Greater Vancouver Real Estate, Metro Vancouver, MLS, Multiple Listing Service, Real Estate Board of Greater Vancouver, Real Estate Sales, REBGV, Residential Home Sales
In April 2020, the residential home sales in the region totaled 1,109 as per the Real Estate Board of Greater Vancouver (REBGV). This is a 39.4% decrease from the 1,829 sales recorded in April 2019 and a 56.1% decrease from the 2,524 homes sold in March 2020.
"Predictably, the number of home sales and listings declined in April given the physical distancing measures in place," Colette Gerber, REBGV’s president-elect said. "People are, however, adapting. They’re working with their Realtors... |
BROWSE NEW LISTINGS IN GREATER VANCOUVER
Royal LePage West Real Estate Services
©2024 David Reimers Personal Real Estate Corporation - All Rights Reserved.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.