Vancouver Real Estate Market Update – October 2020

VIDEO:  Vancouver Real Estate Market Update – September 2020

 

 

Dear Reader,

We are now in our second wave and lockdown.  Please take precautions to ensure the safety of your family and yourselves.

VANCOUVER, BC – November 3, 2020 – Home sale and new listing activity remained at near record levels across Metro Vancouver* in October.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,687 in October 2020, a 29 per cent increase from the 2,858 sales recorded in October 2019, and a 1.2 per cent increase from the 3,643 homes sold in September 2020.

Last month’s sales were 34.7 per cent above the 10-year October sales average and stands as the second-highest total on record for the month. “Home has been a focus for residents during the pandemic. With more days and evenings spent at home this year, people are re-thinking their housing situation,” Colette Gerber, REBGV Chair said. “Throughout this period, REALTORS® have been working to understand and adapt to the latest safety protocols so that they can continue to help the public meet their housing needs in a safe and responsible way.”

Please see below links for the newly released statistics packages, and let me know if you have any questions.

Looking to get top dollar for your home or investment property?  Please reply to this email and I’d be happy to help!

 

Detailed Real Estate Board Statistics Package