January 2020 Real Estate Market Statistics

Dated: 02/07/2020

Views: 12

Home sale and price activity remained steady in Metro Vancouver to start 2020 while home listing activity declined in January.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,571 in January 2020, a 42.4 per cent increase from the 1,103 sales recorded in January 2019, and a 22.1 per cent decrease from the 2,016 homes sold in December 2019.

 

Last month’s sales were 7.3 per cent below the 10-year January sales average.

 

“We’ve begun 2020 with steady home buyer demand that tracks close to the region’s long-term average,” Ashley Smith, REBGV president said. “Looking at supply, we’re seeing fewer homes listed for sale than is typical for this time of year. As we approach the traditionally more active spring market, we’ll keep a close eye on supply to see if the number of homes being listed is keeping pace with demand.”

--

If you would like a copy of the full REBGV stats report, please email me at chris@chrislambert.ca

--

Blog author image

Chris Lambert

Hi, I’m Chris. I help people like you to buy, sell, and invest in real estate throughout beautiful British Columbia. I love what I do, and I’d love to help you too. I'm an experienced and hard w....

Latest Blog Posts

Maintaining A Productive Routine During COVID-19

--We’ve all started to adapt to the new reality that COVID-19 has thrust upon us. I’ve decided to share some tips on how I’ve been able to pivot into this new lifestyle, and I hope

Read More

COVID-19 Mortgage Payment Deferrals

--*This post was written by the team at PINSKY MORTGAGES, and it has been shared to this website with their permission. Please contact your personal financial institution for advice on your specific

Read More

Market Update February 2020

**Click image above to view my February 2020 market update**Vancouver real estate sales are picking up steam as we move towards the busy Spring market. The Real Estate Board of Greater

Read More

Are You Planning to Sell Your Home in 2020?

--The busy Spring market has arrived! We’re facing a shortage of inventory as we deal with the pent up demand from buyers that were sitting on the sidelines through most of 2019. The last

Read More