Vancouver Realtor
102-2806 Kingsway V5R 5T5 Vancouver, BC, Canada

We are into 2021! 2020 was an interesting year for Metro Vancouver real estate (well just like any other year). How does the year end look? last year’s sales total was 2.8% below the 10-year sales average which is fair to say it sounds like a typical year in terms of the sales volume. The MLS HPI composite benchmark price for all residential properties in Metro Vancouver ends the year at $1,047,400 which is a 5.4% increase compared to December 2019.... According to BC Assessment news release (as of January 4h, 2021) assessments increased year over year between 0 to 10% depending on the property type and location. The benchmark price for apartments increased 2.6% in the region last year. Townhomes increased 4.9% and detached homes increased 10.2%. So far nothing shows that the market is slowing down and it might be another year with positive gains.

Bright colors and fresh greenery looks good on this rainy New Year Eve!..Let's have an amazing last day of 2020

Have a Very Merry and Bright (and safe) Christmas filled with laughter, gingerbread cookie smell and joy!

November market stats: Housing demand in Metro Vancouver continues to outpace historical averages with November sales eclipsing 3,000 for the first time since 2015. Residential home sales in the region totalled 3,064 in November 2020, a 22.7% increase compared to November 2019, but a 16.9% decrease compared to October 2020. ... We might see some decrease in the numbers in the month of December which is historically one of the slowest months because people are focusing on Christmas and winter holidays and not as much on real estate. How do these numbers translate into the price? The MLS Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,044,000 - 5.8% increase compared to November 2019 and a 0.1% decrease compared to October 2020.

Closer look into Fraser Valley Real Estate Boom: - The Valley housing boom started with people opting to move from central urban cores to suburban locations as more are working from home and others seek more housing space for less money; - A surge in investment has also been fired up by the new $3.1 billion Surrey-Langley SkyTrain extension, recently approved, that has triggered one of the largest land plays in British Columbia;... - There is also the attraction of employment as Surrey the fastest growing city in B.C. continues to post impressive job gains. What is surprising is that the average home price in the City of Vancouver is now $1.07 million, while it is $820,000 in the Fraser Valley and in the $585,000 range in Chilliwack and Mission (BCREA reports). (Source: biv.com)

How did you feel about the real estate in October? Similarly to previous months the market was very active: - October sales were 34.7% above the 10-year October sales average and stands as the second-highest total on record for the month; - October sales saw a 29% increase from October 2019, and a 1.2% increase from September 2020; - with demand on the rise, homes priced right for today’s market are receiving attention and, at times, garnering multiple offers;... - the MLS Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,045,100 which is 6% increase over October 2019 and a 0.4% increase compared to September 2020. See more

Such a wonderful and inviting front door setup. Happy Thanksgiving!

Back to school plans haven't slowed down real estate activity in September and similar to August market home sales and new listings activity reached record levels in Metro Vancouver in September. - sales increased 56.2% compared to September 2019 and 19.6% compared to August 2020; - overall the sales were 44.8% above the 10-year September sales average and is the highest total on record for the month; - while the pace of new MLS listings entering the market is increasing, t...he heightened demand from home buyers is keeping overall supply levels down; - the MLS Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,041,300. This represents a 5.8% increase over September 2019, and a 0.3% increase compared to August 2020. See more