Vancouver Real Estate News – July 2020

Home buyers and sellers have gradually become more active in each month of the COVID-19 pandemic. In June, home sale and listing activity in Metro Vancouver* returned to more historically typical levels.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,443 in June 2020, a 17.6 percent increase from the 2,077 sales recorded in June 2019, and a 64.5 percent increase from the 1,485 homes sold in May 2020.

There were 5,787 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2020. This represents a 21.8 percent increase compared to the 4,751 homes listed in June 2019 and a 57.1 per cent increase compared to May 2020 when 3,684 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 11,424, a 23.7 percent decrease compared to June 2019 (14,968) and a 15.1 per cent increase compared to May 2020 (9,927).

Steady increases in home sale and listing activity continue in June

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
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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