Market IntelligenceEconomy

Market Insights February 2020

 

Mar 10, 2020

Written by 

Ryan Berlin

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Real Estate Board of Greater Vancouver.

Highlights from our monthly housing market report for Metro Vancouver with REBGV President Ashley Smith.

February 2020 = 2,150 SALES

  • +45% one year increase (or -16% vs. 10-year average)

  • 4,002 new listings in February 2020
  • 9,195 Total Listings

Homes Sold:

Inventory of Homes for Sale

  • Sales-to-Active Listings Ratio: 23% of all Residential (we're in a Seller's Market)
  • MLS Home Price Index for all Residential = $1,020,600
  • Vs. Last Year +0.3%

  • Detached House = $1,433,900  |  6-Month Change= +1.9%
  • Townhomes = $785,000  |  6-Month Change= +1.7%
  • Condos = $677,200  |  6-Month Change= +3.6%

Written by

Ryan Berlin

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Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

Disclaimer: This is not an offering for sale. Any such offering can only be made by way of disclosure statement. E&OE. The developer reserves the right to make changes and modifications to the information herein without prior notice. Photos and renderings are representational only and may not be accurate.