March 2020

Kitsilano condo prices rise in February  

Posted on Mar 11, 2020

The Kitsilano condo and townhouse market was active in February and is currently in a "Sellers" market. Despite this activity benchmark prices remain below levels seen in the last quarter of 2019 as we head into was is typically the busiest sale month of the year. 

How do we know? List to Sales Ratio

A buyer’s market has a 0-12% list to sales ratio
A...

Read More

Downtown market active in February but benchmark prices soften

Posted on Mar 11, 2020

Vancouver’s downtown condo and townhouse real estate market in February experienced a slight decrease in benchmark sale prices with a 3% drop, inventory increased significantly by 8%, and sales increased by 39 % when compared to January. 

Current trends put the downtown, Westend, and Yaletown markets in “Seller’s” market conditions while Coal Harbou...

Read More

Burnaby Mountain condo market "balanced" in February 

Posted on Mar 11, 2020

In February the Burnaby Mountain SFU condo and townhouse real estate market was in an upper “Balanced” market. Since December we’ve seen inventory increase slowly and upwards pressure on pricing on segments of the market.

How do we know? List to Sales Ratio 

  • A buyer’s market has a 0-12% list to sales ratio
  • A balanced market has a 12-20% list to sales...

Read More

Reduced home supply & increased demand across Metro Vancouver in  February

Posted on Mar 04, 2020

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,150 in February 2020, a 44.9 per cent increase from the 1,484 sales recorded in February 2019, and a 36.9 per cent increase from the 1,571 homes sold in January 2020.

Last month’s sales were 15.6 per cent below the 10-year February sales a...

Read More