This May saw steady home sale and listing activity in the Metro Vancouver* area, a shift back from the record-breaking activity seen in the earlier spring months. Metro Vancouver includes: Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.…
In West Vancouver, there were 60 sales in the month of May. The sales to new listings ratio was 31% which represents a buyer’s market. For May 2021, the sales to total active listings percentage was 13%, an increase from 7% in May 2020. Sales for May 2021 were up by 33 units compared to…
North Vancouver townhomes monthly sale totals and prices have reached historical highs the past months. In contrast, West Vancouver townhome style options are limited resulting in smaller sale numbers. The main difference between a townhome and apartment is structurally. Generally townhomes have no unit above or below but could have a unit on either side. …
Reported West Vancouver and North Vancouver apartment monthly inventory numbers since January has consistently been below their respective 10-year monthly average. Extraordinary apartment monthly sale numbers were recorded the past two months in both communities. West Vancouver totaled 28 in April and 31 in March, the highest monthly sales on record since 2017. In North…
Though West Vancouver house April sale activity was down -18% from the month before, sale totals were up +280% from April last year and +35% above the 10-year monthly average! North Vancouver total reported sales in April were up +4% from March, up an astronomical +381% from same month last year and up +212% above…
The British Columbia Real Estate Association (BCREA) reports that a total of 13,683 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April 2021, an increase of 312.3 per cent over April 2020 when the onset of the COVID-19 pandemic prompted a lockdown of the provincial economy. The average MLS® residential price…
It’s all over the map what real estate forecasters are saying: ‘Sales are still projected to reach a record in 2021’ ‘Fatigued Buyers will regain the opportunity to shop the market more carefully’ ‘Market settling down’ “More balanced conditions will become the new normal’ ‘Something is changing’ To get a grasp of West Vancouver‘s housing…
Local headlines about our real estate market include: ‘Red-hot housing market starting to cool’ ‘Incredible froth’ ‘Housing market quietly slowing down’ ‘Fading real estate market momentum’ Will market conditions in the upcoming months change with more listings coming onto the market, bring inventory levels up? Check out North Vancouver house market activity the past 16…
Home sales and new listings set record set highs for Metro Vancouver housing market in April. With our market reaching these new levels and with the continued safety risks that Covid-19 poses, REALTOR®s have been focused this Spring on helping their clients making sound and responsible buying and selling decisions while continuing to strictly follow…
Just released is British Columbia Real Estate Association (BCREA), 2021 Second Quarter Housing Forecast. Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 33.6 per cent to 125,600 units this year, after recording 94,013 sales in 2020. In 2022, MLS® residential sales are forecast to pull back 20.3 per cent to…
