Market Insights February 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%