News: Vancouver Real Estate Market
Posted in: 112 E Durham , House For Sale , New Westminster , Real Estate For Sale , Virtual Open House
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...
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...
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...