Home sales in Vancouver are up 29 percent compared to October 2019. Which makes it the 2nd-best October on record. The board said its agents sold 2,858 homes in October 2019 and 3,687 homes last month in 2020.
"The benchmark price for Vancouver homes hit $1,045,100 in October, up six per cent from last October and 0.4 per cent from September."
Due to the pandemic many inviduals and families are reevaluating their home environment as they have been spending a lot more time working and living at home. The market continues to reflect strong sales as per low inventory and lack of lisitings, and low intrest rates.
“With demand on the rise, homes priced right for today’s market are receiving attention and, at times, garnering multiple offers,said board chairwoman Colette Gerberr.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.
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