Vancouver Real Estate Stats April.2020 – Housing Market
Homes sales and listings were down due to the Covid-19
Vancouver Real Estate Stats April.2020 – Housing Market: Metro Vancouver’s home sale and listing were kept remaining low due to the Covid-19 pandemic; however, realtors were looking for a new way to break through – virtual open house.
According to REBGV’s report on May.04.2020 – a total of 1,109 home sales in April. 2020. 39.4% decrease compared to last year, and 56.1% decrease compared to March.2020.
Note: Last month’s sales were 62.7 per cent below the 10-year April sales average and were the lowest total for the month since 1982.
Predictably, the number of home sales and listings declined in April given the physical
distancing measures in place. People are, however, adapting. They’re working with their Realtors to get information, advice and to explore their options so that they’re best positioned in the market during and after this pandemic. Colette REBGV’s president said
Let’s take a look at the sales-to-active listings ratio:
- 10% for detached homes
- 14.7% for townhomes
- 12.4% for apartments
Total Sales in Detached homes, condo, and Townhouses:
- Detached home: 388, houses sold – 33.8 p% decrease from March.2019
- Condo: 503 apartments sold – 43.2% decrease from March.2019
- Townhouse: 218 townhomes sold – 39.1% decrease from March.2019
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(all data current as of 6/5/2020)
Listing information deemed reliable but not guaranteed. Read full disclaimer.