the rennie review - January 2021
Jan 13, 2021
Written byRyan Berlin
After a year like no other--punctuated by a spring slump followed by a record number of sales through the end of 2020--the housing market in the Vancouver Region is positioned for a dynamic 2021.The rennie review is a monthly publication, which includes the latest real estate data for the Vancouver Region's housing market. In addition to presenting detailed neighbourhood-level stats, the rennie review also includes current rennie projects, featured listings, client testimonials, our take on the latest market conditions, and more.Our rennie intelligence team comprises our in-house demographer, senior economist, and market analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.
Compared to a sluggish December, Vancouver's resale market showed real signs of life in January, with sales counts expanding and new listings surging.
After tallying one of the lowest sales counts on record in January, an easy hot take on King County's residential real estate market is that 2024 has started with a whimper. But dive deeper into the data and it's clear there's more than meets the eyes than just fewer sales.