Vancouver Real Estate Stats May.2020 – Housing Market

Vancouver Real Estate Stats May.2020 – Housing Market

Vancouver Real Estate Stats May.2020 – Housing Market

Home Price Remains Steady in Greater Vancouver

Vancouver Real Estate Stats May.2020 – Housing Market: The Greater Vancouver home prices are remaining steady during the past two months.

According to REBGV’s report on June.2.2020; the benchmark price for all properties is $1,028,400; which is a 1.4% increase over the past 3 months and 2.4% increase compared to May.2019.  There are a total of 1,485 home sales in May 2020; 43.7% decrease compared to May.2019, but 33.9% increased compared to April.2020.

Last month’s sales were 54.4 per cent below the 10-year May sales average.

“Home sale and listing activity is down compared to typical, long-term levels and up compared
to the activity we saw in April 2020, Home buyers and sellers are adapting today,
becoming more comfortable operating with the physical distancing requirements that are in place
in the market.” Gerber, the Board’s president

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

  1. 13.5% for detached homes
  2. 18.9% for townhomes
  3. 14.8% for apartments

 

Total Sales in Detached homes, condo, and Townhouses:

  1. Detached home: 534, houses sold – 41.5% decrease from May.2019
  2. Condo: 653 apartments sold – 47.6% decrease from May.2019
  3. Townhouse: 298 townhomes sold – 37.8% decrease from May.2019

Vancouver Real Estate Stats May.2020 – 温哥华房地产报告2020年5月 Download Here