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VANCOUVER, BC \u2013 March 3, 2020<\/strong> \u2013 February saw steady home buyer demand and reduced The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the Last month\u2019s sales were 15.6 per cent below the 10-year February sales average.<\/p>\n \u201cHome buyer demand again saw strong year-over-year increases in February while the total There were 4,002 detached, attached and apartment homes newly listed for sale on the Multiple The total number of homes currently listed for sale on the MLS\u00ae system in Metro Vancouver is “Our Realtors are reporting increased traffic at open houses and multiple offer scenarios in For all property types, the sales-to-active listings ratio for February 2020 is 23.4 per cent. By Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 The MLS\u00ae Home Price Index composite benchmark price for all residential properties in Metro Sales of detached homes in February 2020 reached 685, a 52.9 per cent increase from the 448 Sales of apartment homes reached 1,061 in February 2020, a 39.8 per cent increase compared to Attached home sales in February 2020 totalled 404, a 45.8 per cent increase compared to the 277 Press Release provided by The Real Estate Board of Greater Vancouver<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" February saw steady home buyer demand and reduced home seller supply across Metro Vancouver*.<\/p>\n","protected":false},"author":2,"featured_media":1493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[586,32,59,11],"tags":[247,235,92,376,309],"class_list":["post-2069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-post","category-market-stats","category-market-update","category-rebgv","tag-chris-brown-real-estate","tag-north-vancouver-real-estate","tag-real-estate-board-of-greater-vancouver","tag-sea-to-sky-real-estate","tag-vancouver-real-estate"],"_links":{"self":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/2069"}],"collection":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/comments?post=2069"}],"version-history":[{"count":1,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/2069\/revisions"}],"predecessor-version":[{"id":2070,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/2069\/revisions\/2070"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/media\/1493"}],"wp:attachment":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/media?parent=2069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/categories?post=2069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/tags?post=2069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nhome seller supply across Metro Vancouver*.<\/p>\n
\nregion totalled 2,150 in February 2020, a 44.9 per cent increase from the 1,484 sales recorded in
\nFebruary 2019, and a 36.9 per cent increase from the 1,571 homes sold in January 2020.<\/p>\n
\ninventory of homes for sale struggled to keep pace,\u201d Ashley Smith, REBGV president said.
\n\u201cThis was most pronounced in the condominium market.\u201d<\/p>\n
\nListing Service\u00ae (MLS\u00ae) in Metro Vancouver in February 2020. This represents a 2.8 per cent
\nincrease compared to the 3,892 homes listed in February 2019 and a 3.4 per cent increase
\ncompared to January 2020 when 3,872 homes were listed.<\/p>\n
\n9,195, a 20.7 per cent decrease compared to February 2019 (11,590) and a 6.7 per cent increase
\ncompared to January 2020 (8,617).<\/p>\n
\ncertain pockets of the market. If you\u2019re considering listing your home for sale, now is a good
\ntime to act with increased demand, reduced competition from other sellers, and some upward
\npressure on prices,” says Smith.<\/p>\n
\nproperty type, the ratio is 17.3 per cent for detached homes, 26.9 per cent for townhomes, and
\n28.4 per cent for apartments.<\/p>\n
\nper cent for a sustained period, while home prices often experience upward pressure when it
\nsurpasses 20 per cent over several months.<\/p>\n
\nVancouver is currently $1,020,600. This represents a 0.3 per cent increase over February 2019
\nand a 2.7 per cent increase over the past six months.<\/p>\n
\ndetached sales recorded in February 2019. The benchmark price for a detached home is
\n$1,433,900. This represents a 0.7 per cent decrease from February 2019 and a 1.9 per cent
\nincrease over the past six months.<\/p>\n
\nthe 759 sales in February 2019. The benchmark price of an apartment property is $677,200. This
\nrepresents a 0.9 per cent increase from February 2019 and a 3.6 per cent increase over the past
\nsix months.<\/p>\n
\nsales in February 2019. The benchmark price of an attached home is $785,000. This represents a
\n0.6 per cent increase from February 2019 and a 1.7 per cent increase over the past six months.<\/p>\n