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Market Insights February 2020

Highlights from our monthly housing market report for Metro Vancouver with REBGV President Ashley Smith.
Ryan Berlin  |  March 9, 2020

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%