HOME SALES and NEW LISTINGS were at near record levels in OCTOBER 2020 across Metro Vancouver.
Greater Vancouver Sales:
Up 29% over October 2019
Up 1.2% from September 2020
Up 34.7% above 10 year October average
Metro Vancouver benechmark price for a detached home is $1,045,100.
WHY?
*potentially a focus on the importance of home due to the pandemic, for work and safety
*pent up demand from a slower spring market due to the pandemic
*low interest rates
Is it a good time to BUY?
It depends on what you are looking for. There are more properties for sale so more choice. Some markets are slower like the 1 bedroom condo in Vancouver. Some markets are very busy such as detached homes on the east side, especially under $2,000,000 and under $3,000,000 on the west side of Vancouver.
Let me know what you are looking for and I can tell you what is going on in that pocket!
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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