News: Vancouver Real Estate MarketMetro Vancouver’s housing market off to a strong start in home sales this year While the Metro Vancouver market ended 2023 in balanced market territory, in January conditions began shifting back in favor of sellers as the pace of newly listed properties did not keep up with the jump in home sales. The Real Estate Board of Greater Vancouver (REBGV) reports that in the region residential sales totaled 1,427 in January 2024, a 38.5% increase from the 1,030 sales recorded in January 2023. This was 20.2% below the 10-year seasonal average (1,788). “It’s hard to believe that... LOW SUPPLY AND STEADY DEMAND BENEFITS HOME SELLERS
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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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