Vancouver Real Estate Stats Feb.2020 - Housing Market

Vancouver Real Estate Stats Feb.2020 - Housing Market

Vancouver Real Estate Stats Feb.2020 – Housing Market

Demand increases and low supply in Feb.2020

According to the Real Estate board’s monthly report – home demand steady increase and supply decreases which is a good sign for the sellers in Feb. There were 2,150 homes sold in Feb.2020; 44.9 per cent increase compared to  Feb.2019, and 36.9% increase compared to Jan.2020.

However, Feb’s home sales are still 15.6 per cent below the 10-year February sales average.

The Board’s president said that homebuyers demand increase but home listings were having a hard time to keep pace the demand market; especially in the Condo market.

For MLS Listings, there were 4,002 new listings in Feb.2020, which is 3.4% increased compared to Jan.2020.

How about the open houses? To me, I hosted 6 houses in Feb.2020, compared to last year there were more traffics. And I have seen some of the properties got multiple offers as well.

Let’s take a look at the sales-to-active listings ratio:

  1. 17.3% for detached homes
  2. 26.9% for townhomes
  3. 28.4% for apartments

 

Total Sales in Detached homes, condo, and Townhouses:

  1. Detached home: 685 houses sold – 52.9% increase from Feb.2019
  2. Condo: 1,061 apartments sold – 39.8% increase from Feb.2019
  3. Townhouse: 404 townhomes sold – 45.8% increase from Feb.2019

温哥华房地产价格 - 2020年2月