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February 2024 Real Estate Statistics by Ian Watt

March 5th, 2024
While Metro Vancouver home sellers appeared somewhat hesitant in January, new listings rose 31% year-over-year in February, bringing a significant number of newly listed properties to the market.    Greater Vancouver Realtors® (GVR) reports that residential sales in the region totalled 2,070 in February 2024, a 13.5% increase from the 1,824 sales recorded in February 2023. This was 23.3% be ...

October 2023 Real Estate Statistics by Ian Watt

November 4th, 2023
An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver, and sales remain below long-term averages. The Real Estate Board of Greater Vancouver reports that residential sales in the region totalled 1,996 in October 2023, a 3.7% increase from the 1,924 sales recorded in October 2022. This total is 29.5% below the 10-year seasonal average (2,832) ...

August 2022 Real Estate Statistics for Downtown Vancouver

September 5th, 2022
The latest statistics from the Real Estate Board of Greater Vancouver released Friday revealed the region's housing market continued to see a quiet summer season through August. Home sales last month dropped 40%, meaning 1,200 fewer homes were sold compared to August 2021. Sales were nearly 30% below the 10-year average for August. "With inflationary pressure and interest rates on the ...

June 2022 Real Estate Statistics for Downtown Vancouver

July 6th, 2022
The Real Estate Board of Greater Vancouver says last month's home sales dropped by about 35% from the previous June and 16% from May 2022 as houses remained on the market longer, and interest rates rose.   The B.C. board says sales in the region totalled 2,444 last month, down from 3,762 in June 2021, and 2,918 homes in May 2022.  Last month's sales were 23.3% below the 10-year June sales ...

March 2022 Real Estate Statistics for Downtown Vancouver

April 6th, 2022
The Real Estate Board of Greater Vancouver says home sales picked up between February and March but are still down from a year ago.    The B.C. board says last month’s sales totalled 4,344, a 27% increase from 3,424 homes sold in February 2022 and a 24% decrease from the 5,708 sales recorded in March 2021.   The board attributed some of the decreases to March 2021 being the highest ...

January 2022 Real Estate Statistics Downtown Vancouver Statistics

February 4th, 2022
The new year started with a bang in Downtown Vancouver as prices were on a significant rise in January.  The Real Estate Board of Greater Vancouver says the number of homes sold in January slowed slightly from the record-setting pace last year as the number of properties available have also dropped. The board says home sales totalled 2,285 last month, an almost 5% decrease from 2,389 in Ja ...

December 2021 Real Estate Statistics for Downtown Vancouver

January 6th, 2022
Happy New Year !! Property values soared once again in 2021 and the 43,999 homes sold in 2021 broke 2015's all-time sales record. Home sales in Metro Vancouver reached a record high in 2021 with experts saying the pandemic played a significant role. According to the Real Estate Board of Greater Vancouver, home sales in 2021 increased by 42.2% compared to 2020 and by 73.6% from 2019.   B ...

September 2021 Real Estate Statistics for Downtown Vancouver

October 11th, 2021
This is all you need to know about Downtown Vancouver real estate - Compared to September 2020 market activity is up, inventory is down, and prices are relatively the same. According to the latest housing market report from the Real Estate Board of Greater Vancouver, there were 3,149 residential home sales in the region last month — a 13.6% decline from September 2020, but nearly 21% above ...

August 2021 Real Estate Statistics for Downtown Vancouver

September 6th, 2021
This is all you need to know about Downtown Vancouver real estate - Market activity is up, inventory is dropping, and prices continue to be steady. House prices in the Lower Mainland show no indication of slowing down, as a lack of supply drives a massive increase in August. The Real Estate Board of Greater Vancouver released its latest market analysis showing regional sales to be 20% h ...

June 2021 Real Estate Statistics for Downtown Vancouver

July 12th, 2021
This is all you need to know about Downtown Vancouver real estate - Market activity is down in most price brackets, inventory is climbing and prices remain stable. The real estate market in Metro Vancouver eased in June from its record-setting pace in March and April.   The Real Estate Board of Greater Vancouver says the number of homes sold in the region totalled 3,762 last month, up 5 ...

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