News: Vancouver Real Estate Market

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Greater Vancouver real estate prices. MLS home price index graph


According to the latest stats released by the Greater Vancouver Real Estate Board, February sales were 42.5% below the 10-year sales average which saw an increase of supply from sellers and lower than average demand from home buyers.


Well priced homes are in Metro Vancouver are attracting interest, with increased traffic at open houses. Time will tell however if this trend leads to higher sales activity during the spring market.


Detached homes sales in February 2019 reached 448, a 27.9% year over year decrease. The benchmark price for detached properties is $1,443,100, a 9.7% year over year decrease.


Apartment sales in February 2019 reached 759, a 35.9% year over year decrease. The benchmark price for an apartment property is $660,300, a 4% year over year decrease.


Attached sales in February 2019 reached 277, a 30.9% year over year decrease. The benchmark price for an attached unit is $789,300, a 3.3% year over year decrease.

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.