News: Vancouver Real Estate Market
Posted on
June 2, 2020
by
David Reimers
Posted in
Active Listings, Attached Homes, BC Home Prices, Benchmark Price, Covid-19 Housing Market Update, Detached Homes, Greater Vancouver, Home Buyers, Home Owners, Housing Market, Metro Vancouver, Multiple Listing Service, Real Estate Board of Greater Vancouver, Real Estate Market Update, Real Estate Sales, Real Estate Statistics, REBGV, Residential Housing Market
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver today is $1,028,400 according to The Real Estate Board of Greater Vancouver (REBGV). This is virtually unchanged from April 2020, a 1.4% increase over the last three months, and a 2.9% increase compared to May 2019.
"Home prices have been stable during the COVID-19 period," Colette Gerber, REBGV Chair said. "While we're seeing a variety of long-term projections for the market, it's critical to...
Posted on
May 4, 2020
by
David Reimers
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...
Posted on
April 2, 2020
by
David Reimers
Posted in
2020 market report, Attached home, Benchmark price, COVID-19 impact, Detached homes, Greater Vancouver, Home Price Index, Housing market, Impact of COVID-19 on housing, Market forecast, Metro Vancouver, Real Estate Board of Greater Vancouver, Real estate market update, Real estate sales, REBGV
The beginning of March saw a steady buyer demand in Metro Vancouver's housing market and a levelling off of activity as the month went on and concerns about the COVID-19 outbreak intensified.
According to the Real Estate Board of Greater Vancouver (REBGV), residential home sales in the region totalled 2,524 in March 2020, a 46.1% increase from the 1,727 sales recorded in March 2019, and a 17.4% increase from the 2,150 homes sold in February 2020.
Sales from last month were 19.9% below the 10-year...
Posted on
March 3, 2020
by
David Reimers
Posted in
Active Listings, Active MLS Listings, Apartment Sales, Attached House, Benchmark Price, Detached House, February 2020, Greater Vancouver, Home Owner, Housing Market Statistics, Market Statistics Real Estate, Metro Vancouver, MLS Listings, Real Estate Board of Greater Vancouver, Real Estate Sales, REBGV, Residential Homes, Townhouse For Sale, Vancouver BC Home Sales
The residential home sales in the region reached 2,150 in February 2020, a 44.9% increase when compared to the 1,484 sales that were recorded in February 2019, and a 36.9% increase from the 1,571 homes sold in January 2020 as reported by The Real Estate Board of Greater Vancouver (REBGV).
Last month's sales were 15.6% below the 10-year February sales average.
"Home buyer demand again saw strong year-over-year increases in February while the total inventory of homes for sale struggled to keep pace,"...
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