Market Update

January 2021 Market Update

January 2021 Market Update

The January 2021 Market update shows that it is a SELLER’S MARKET in Greater Vancouver and surrounding areas!  

The Real Estate Board of Greater Vancouver reported in their January 2021 Market Update that, “Home Buyer demand remains elevated across Metro Vancouver.

In the first month of 2021, Metro Vancouver’s* housing market continued the pattern set at the end of last year with home sale activity outpacing the supply of homes listed for sale. 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 2,389 in January 2021, a 52.1 per cent increase from the 1,571 sales recorded in January 2020, and a 22.8 per cent decrease from the 3,093 homes sold in December 2020. 

 

Last month’s sales were 36.4 per cent above the 10-year January sales average. 

 

“With home sale activity well above our January average, the supply of homes for sale isn’t able to keep pace,” Colette Gerber, REBGV Chair said. “This is causing increased competition amongst home buyers and upward pressure on prices.” 

 

There were 4,480 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2021. This represents a 15.7 per cent increase compared to the 3,872 homes listed in January 2020 and an 86 per cent increase compared to December 2020 when 2,409 homes were listed….” 

 

CLICK HERE for the January 2021 Market Update

December 2020 Market Update

December 2020 Market Update

Real Estate Sales surged in December 2020

Typically, December is a slow month, as everyone winds down to celebrate over the holidays. 2020’s December was a strong sales month. Check out the report for the December 2020 Market Update from the Real Estate Board of Greater Vancouver

Prices for Dec 2020 jumped all over Burnaby compared with Dec 2019

Residential sales surged 53.4% year over year last month to hit a new record in the region, according to the Real Estate Board of Greater Vancouver

A total of 3,093 units were sold in December 2020, up from the 2016 sales recorded in Dec 2019.

For all the details CLICK HERE for the Real Estate Board of Greater Vancouver December 2020 Market Update