Vancouver Real Estate Stats June.2020 - Housing Market

Vancouver Real Estate Stats June.2020 - Housing Market

Vancouver Real Estate Stats June.2020 – Housing Market

Home Sales Steady increases in June

Vancouver Real Estate Stats June.2020 – Housing Market: home buyers and sellers are becoming more active in June; home sales and listings activities return historically typical levels.

According to the Vancouver Real Estate Board’s monthly report; there are 2,443 homes sales in Metro Vancouver. 17.6% increase compared to June 2019, and 64.5% increase compared to May.2020.

Last month’s sales were 21.9 per cent below the 10-year June sales average.

Over the last three months, home buyers and sellers have become more comfortable operating
within the physical distancing and other safety protocols in place. Colette Gerber, REBGV Chair said

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

  1. 19.9% for detached homes
  2. 25.2% for townhomes
  3. 21.3% for apartments

 

Total Sales in Detached homes, condo, and Townhouses:

  1. Detached home: 866, houses sold – 16.1% decrease from May.2019 – The benchmark price for a detached home is $1,464,200.
  2. Condo: 1105 apartments sold – 17.4% decrease from May.2019 – The benchmark price of an apartment property is $680,800
  3. Townhouse: 472 townhomes sold – 21% decrease from May.2019 – The benchmark price of an attached home is $790,800

Note: A lot of buyers are still waiting and watching. The real estate market highly relies on the economy. Let’s waited and see how the market goes in July.2020