Real Estate Stats – August 2020

Historically the summer is slower than usual in real estate activity. This past month we have experienced a higher volume than normal in residential sales.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,128 in July 2020, a 22.3 percent increase from the 2,443 sales recorded in July 2019, and a 9.4 percent above the 10-year July sales average.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,031,400, which represent 4.5% increase from July 2019.

As the market is very active our goal remains to keep the public safety top of mind during COVID-19. We have managed to address it by implementing showing protocols in place such as protective equipment & pre-qualify the viewings by providing a 3D matterport tour to ensure better exposure online.

Along with historically low mortgage rates and better consumers confidence we project a busy fall market to come.

To view the complete news release package click HERE

Home sales and listings activity continues in July

If you are considering selling or simply interested in periodic home evaluation of your home, check out the new tool we have recently introduced to our clients.


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Jacob & Jacky
Jacob & Jacky
Our Vancouver real estate team has earned the trust of our clients by consistently putting their best interests first. We understand that selling your home is a major investment and we approach every transaction with the utmost care and attention. With us as your Vancouver REALTORS®, you can rest assured that you are in good hands. We know that trust is the key to client satisfaction and we strive to offer the best customer service possible, which includes empathy, active listening and a friendly, positive attitude. Our goal is to get the job done right, while ensuring you have an exceptional home selling experience throughout the process.

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