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.