Market IntelligenceEconomy

Early Edition: April’s tune: listings bloom and sales swoon


May 02, 2018

Written by 

Ryan Berlin


APRIL 2018 Real Estate Market Updates for Greater Vancouver

SALES in April 2018: 

  • For the third straight month, year-over-year sales across Greater Vancouver were down, with the 2,600 sales in April 2018 sitting 27% below the number recorded in April 2017. 
  • Having said that, sales were actually up by 3% versus one month earlier, and this compares to the typical seasonal bump of 2%. This increase was led by detached sales, which rose 12% between March and April; in comparison, townhome sales were up only 0.3%, while condo sales dipped by 3%.

LISTINGS in April 2018: 

  • Inventories for all product types rose in the Greater Vancouver board area in April 2018, with detached listings up 18%, townhome listings up 12%, and condo
    listings up 14% compared to April 2017.
  • Overall, inventory was up year-over-year by 16%; however, compared to the past-decade April average, inventory was still down 30%.
  • The detached market is currently balanced. While conditions continue to remain favourable to sellers of multi-family product types, upward price pressure in the multi-family segment eased in April.


Click here for APRIL 2018's Early Edition 


Post edited by rennie Market Intelligence Team

Written by

Ryan Berlin

Subscribe to weekly market insights

Receive insights, analysis, and perspective from our rennie intelligence team on the Lower Mainland’s real estate market.


the seattle rennie review | June 2024
A flurry of activity in May brought to life what had been a sluggish spring market, propelling prices to record-highs. That said, sales and inventory fell short of their typical levels, reflecting the challenges posed by elevated interest rates.

Jun 2024


seattle median sold prices | June 2024
Median sold price infographics for single-family, townhomes, and condos in King County are covered in the monthly rennie review.

Jun 2024


thoughtful real estate.

rennie & associates realty ltd

copyright © 2024 rennie all rights reserved


privacy policy


MLS® Reciprocity

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.