Vancouver West home sales had started year promisingly 

After seeing home sales on Vancouver's Westside begin a recovery during 2019 the graph below illustrates the impact COVID 19 has had on area sales on all property types since the pandemic began.  

The regulations introduced by federal and provincials governments to curb the market in 2018 had resulted in a dramatic downturn in sales and a prolonged period of adjustment.  After the first quarter of 2019 signs of stabilization and recovery emerged and as we headed into this years spring market it looked like we had finally finished our adjustment to those 2018 regulations.  Buyer confidance had returned and even the depressed detached market had indications of demand.

With the pandemic and lockdown beginning mid March sales have dropped across all property types as uncertainty has put many Buyers and Sellers in a holding pattern. With the economy and people's plans on hold many of us are watching theses statistics and trends and waiting to see how quickly the market will adjust and our next recovery begin's.

Stay tuned ...

Vancouver West home sales since 2005 

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All stats derived from Dean Wegman & REBGV.