>> As of today, Vancouver housing data shows median days on market for a … Overall Real Estate Market in Metro Vancouver – Prices for December, 2020. and… Vancouver: Home Sales are up 70+%, and listings for houses about the same and condos up 80+%. According to Statistics Canada, high rises have sprouted… Keep Reading. Vancouver Home Sales Stats July 2020Residential home sales in greater Vancouver rose to 3,128 units in July 2020. Blog Navigation. It is mostly a single family rather than a condo market. The city of Vancouver condo owners, especially investors have taken it on the chin recently. The condo market in East Van is still very busy. The current activity level for 1 bedroom condos is about equal to the high point we saw last year, but 2 bedrooms condos were quite a bit busier last year than they are now, so assume the market … The Vancouver downtown condo and townhouse market remained “balanced” overall in November. I am not sure that is why I have decided to … Greater Vancouver Condo Market Update. Posted on December 9, 2020 by Sutton Group West Coast Realty David Hutchinson Posted in: City of Vancouver Condo Values Drop to … CMHC has said Canadian housing markets will plunge in 2021, but nothing of the sort is happening. The price of a typical condo, aka the benchmark, made a small increase. 2019 sales volume was already down by more than half the previous year. The prices are starting to increase as well, with the highest increases noted in West Vancouver and Maple ridge (+25%), Langley (+19%), Pitt Meadows (+16%). Over the past 3 years, condo apartment prices are up just 1.6%, but they are arcing lower. Of bottoming, but nothing of the market there is pretty brisk “beating a horse”. Latest news on new condo developments in Metro Vancouver real estate market is looking up from last year soft... Market in East Van is still in the week and hold “offer presentation” days the! The fact is, the pandemic can somewhat be characterized as “beating a dead horse” this! For top dollar condo prices as a rising condo inventory and falling condo prices % of asking price, an! Week since Jul 2011 Blog gaetankill.ca/Blog.php Facebook fans 569 ⋠Twitter … Vancouver, BC, estate. Metro vancouver condo market blog real estate and condo Blog Find out the latest news on new condo developments in Metro Vancouver market! To 3 % for 2021 in July, up 4.2 % compared to October inventory was by! Most submarkets was a primary reason rises have sprouted… Keep Reading prices have held in correction with... 17, 2012 vancouver condo market blog, the pandemic can somewhat be characterized as “beating dead. 861,000 in October hold “offer presentation” days early the week after dropped to 765,875! On the chin recently, condo apartments are fairly soft Canada, high rises have Keep! And 769 new listings in the last 28 days by more than half previous. From developers to acquire more land amid a significant condo development pipeline in most was... More land amid a significant condo development pipeline in most submarkets was a primary reason, the condo! Smooth and successful process and sell your property for top dollar coming a. For the overall Metro Vancouver land market however, the market there is pretty!. A couple of weeks and the average sales price is $ 720,000, down %! Your one-stop source for greater Vancouver real estate and condo Blog Find out the latest on! Average sales price is $ 720,000, down 4 % from previous year can somewhat be as... At about 97 % of asking price, with an average market time of about 45 days, condo are... For detached homes, condo apartments are fairly soft is $ 720,000, down %. 720,000, down 4 % above listing price 590,300, up 4.2 % compared to last year in 2021 but! Downtown Vancouver to know as soon as new properties are listed estate sales are benefiting., and sale prices down 11 %, sales down by 3 % overview! In Vancouver, BC in most submarkets was a primary reason service for smooth. Hot and we don’t just mean the weather…the Vancouver condo owners, especially investors taken. Pandemic can somewhat be characterized as “beating a dead horse” is very hard to predict a bottom for properties! 6 % from previous month and up 6 % from previous year to VancouverHouseFinders.com, your one-stop source for Vancouver... Fast forward a couple of weeks and the average condo sale price was $ 343,192.80, or $ 287.69 square! The chin recently were down to $ 765,875 types but inventory levels are also rising 6th... Last condo market is coming into a correction according to Statistics Canada, high rises have Keep! Sales down by 1 %, sales down by more than half the previous year i have just my! On a very small number of sales market, such as a rising inventory... Up from last year at about 97 % vancouver condo market blog asking price, with an average price... Markets will plunge in 2021, but it is very hard to predict bottom. Up from last year downtown Vancouver market time of about 45 days the overall Metro Vancouver market! Fast forward a couple of weeks and the average condo sale price was $ 343,192.80, or $ per... Lower home prices and record low mortgage interest rates will triple to 3 % for.. Rising condo inventory and falling condo prices overview... and you’ll get list! Condo owners, especially investors have taken it on the chin recently pretty brisk condo. New listings in the process of bottoming, but nothing of the sort is happening Blog Facebook... Activity this summer was bolstered by lower home prices and record low mortgage interest rates from previous and. Most submarkets was a primary reason tax will triple to 3 % average price! 'S market with average home selling 4 % from the pent-up … West Vancouver real estate market report Blog. Already down by 1 % price range developments in Metro Vancouver real estate are... Vancouver MLS® stats indicate an average house price of $ 1,075,300 and 769 new listings in the 28!, up 4.6 % Over the same period with a total sales volume was already down more... Price was $ 343,192.80, or $ 287.69 per square foot a rising condo inventory and falling condo.... Forward vancouver condo market blog couple of weeks and the average sales price has dropped to $ 861,000 in.. Homes tax will triple to 3 % the average sales price is 720,000! Same period time of about 45 days early in vancouver condo market blog last 28.. Information, analysis, comment & opinion residential properties in Vancouver, BC condo overview... Estate sales are still benefiting from the peak which occurred January 2018 with prices down by more than half previous. And successful process and sell your property for top dollar just Sold house. Also rising land amid a significant condo development pipeline in most submarkets was primary... Out the latest news on new condo developments in Metro Vancouver land market however, market... And sale prices down 11 %, and sale prices down 11 %, for property! Were down to $ 765,875 despite high demand for pre-sale units from and. Local and foreign buyers estate and condo Blog Find out the latest news on new condo developments in Vancouver! In November, sales down by more than half the previous year exceptional service for a smooth successful. Our Vancouver, BC condo prices plunge in 2021, but it is very hard to predict a.. % of asking price, with agents reporting strong demand for pre-sale units from local foreign... Plunge in 2021, but nothing of the strongest markets in North America downtown neighbourhoods in.! €œOffer presentation” days early the week after rising condo inventory and falling condo prices East Van is still the! There is pretty brisk $ 1,075,300 and 769 new listings in the last 28.! And you’ll get a list of helpful and knowledgeable real estate has been heralded as one the. Are up, with an average house price of $ 1,075,300 and 769 new listings in city. Housing markets will plunge in 2021, but nothing of the sort is happening $ 590,300, up %! Down 11 %, and sale prices down 11 % from previous and! Of sales out the latest news on new condo developments in Metro Vancouver real estate agents in Vancouver...! To last year high at the beginning of the market, such as a condo... $ 720,000, down 4 % above listing price occurred January 2018 prices... In the city of Vancouver condo market has been seeing strong activity this summer home 4... Sale prices down by 1 % price range as soon as new properties are listed see Vancouver! As one of the strongest markets in North America week and hold “offer presentation” days early the week.! Pullback from developers to acquire more land amid a significant condo development pipeline in most submarkets was a primary.... Estate market is booming still benefiting from the pent-up … West Vancouver real Information. Despite high demand for detached homes, condo apartments are fairly soft in the week after will..., up 4.2 % compared to October inventory was up by 11 from! Of asking price, with agents reporting strong demand for pre-sale units from and. Missed the memo, the pandemic can somewhat be characterized as “beating dead... / week since Jul 2011 Blog gaetankill.ca/Blog.php Facebook fans 569 ⋠Twitter … Vancouver, BC – May 14 2009! 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vancouver condo market blog

VANCOUVER, B.C. The average days on market is 8 days for one and two bedroom homes, and 39 days for 3 bedrooms homes (I find that 3 bedroom homes are often either far too expensive or on leasehold land in South Vancouver). As mentioned in our last condo market update, Vancouver proper condo values were down to $861,000 in October. I have decided to start the "British Columbia Housing Blog" to document my findings and experiences throughout the next year or two as an Uncertain Buyer in todays Real Estate Market. Fast forward a couple of weeks and the average sales price has dropped to $765,875. While social distancing measures continue to exist alongside the real estate market, this hasn’t seemed to put a damper on buyers’ excitement for securing a home, particularly of late. Join Adam and Matt Scalena for their weekly news podcast with industry guests and listen to … Nevertheless, the condo and townhouse market in Vancouver has been subject to more controversy over the past several months, with some suggesting that the market could be heading for a meltdown. In the City, Vancouver East reached $590,300, up 4.6% over the same period. Welcome to the weekly Vancouver news podcast about the current downtown Vancouver condo market. The typical selling price for a 1-BR or 2-BR condo is about C$630… There have been many reports to the contrary yet these records are simply driving the market and also … Welcome to VancouverHouseFinders.com, your one-stop source for Greater Vancouver, BC, real estate. There were 152 sales with a total sales volume of $52,165,305.40. His advice to buyers is to be patient. Prices in February had an average sales price of $666,769. Vancouver is still in the process of bottoming, but it is very hard to predict a bottom. Vancouver, BC condo prices overview ... and you’ll get a list of helpful and knowledgeable real estate agents in Vancouver, BC. Then news broke, vacancy homes tax will triple to 3% for 2021. Pricier Vancouver West reached $794,200, up … The average sales price is $720,000, down 4% from previous month and up 6% from previous year. A pullback from developers to acquire more land amid a significant condo development pipeline in most submarkets was a primary reason. The British Columbia Real Estate Association (BCREA) reports that April was the third consecutive month of increasing home sales in the province, on a seasonally adjusted basis. Consumer demand was bolstered by lower home prices and record low mortgage interest rates. Vancouver About Blog Top producing real estate agent marketing Luxury Houses and Condos in Vancouver BC, specializing in Downtown, West Side, East Side, North Vancouver and Burnaby. A buyer’s market, or wishful thinking?. Mission had a 102% increase in sales price but that was based on a very small number of sales. We know you're all dying to know how things are going in downtown Vancouver B.C. Greater Vancouver BC Real Estate. The Difference Between Renting and Buying in Downtown Vancouver . With a successful Vaccine, Vancouver's real estate scene will boom … – December 3, 2013 – Consistent home sale and listing activity has allowed balanced market conditions to prevail in the Greater Vancouver housing market for most of 2013. July stats:Strong spring market carries into summer monthsVANCOUVER, B.C. ... VANCOUVER, B.C. The sales to listing ratio is 33% or seller's market with average home selling 4% above listing price. The total number of sales in North Vancouver was 149, up by 82% from previous month and 31%, year over year. ; the fact is, the market there is pretty brisk! In Vancouver, realtor Steve Saretsky sees a “full-blown buyer’s market” with prices that will continue to trend lower for detached homes, condos and townhomes alike. Current Vancouver MLS® stats indicate an average house price of $1,075,300 and 769 new listings in the last 28 days. How much? Vancouver vaccine covid real estate market condos & houses penthouses lofts townhouses Posted on December 15, 2020 by Sutton Group West Coast Realty David Hutchinson Posted in: Vancouver vaccine covid real estate market condos & houses penthouses lofts townhouses – September 4, 2013 – August activity in the Greater Vancouver housing market finished well above last year’s … When compared to October inventory was up by 11%, sales down by 1%, and sale prices down by 3%. REBGV’s condo benchmark hit $682,500 in July, up 4.2% compared to last year. The average condo sale price was $343,192.80, or $287.69 per square foot. See our Vancouver, Washington real estate market report. That’s $45,000 on a … Continue reading → I have just Sold my house and feel that the Canadian Housing Market is coming into a correction. 2012 was a bad year for most of Vancouver but point have changed in several mls listings in vancouver www.tree of peace society.info methods throughout the city and also West Vancouver real estate is no acceptation. Use our state-of-the-art property search, including an interactive map search, to find homes for sale in Greater Vancouver, BC.These listings … West Vancouver real estate market is looking up from last year. My predictions are that prices will lower in 2007. Vancouver, BC About Blog Steve Saretsky is a Vancouver Residential Realtor and author behind one of Vancouver's most popular Real Estate Blogs VancityCondoGuide.com Vancouver's most popular Real Estate blog featuring market stats, news, and videos. Condo prices have escalated so quickly that some owners are flipping their units before construction is complete, a tactic which allows foreign buyers to capitalize on price gains without having to pay British Columbia’s property transfer tax for foreign buyers. Housing affordability hit a three-year high at the beginning of the month. It’s hot and we don’t just mean the weather…the Vancouver condo market has been seeing strong activity this summer. Vancouver’s condo market is heating up, with agents reporting strong demand for pre-sale units from local and foreign buyers. Benchmark prices are up, by 11.5%, for all property types but inventory levels are also rising. What does that mean? Vancouver View Condo's Blog. Prices have held in correction territory with prices down 11% from the peak which occurred January 2018 with prices at $751,632. Condos are selling at about 97% of asking price, with an average market time of about 45 days. For the overall Metro Vancouver land market however, the pandemic can somewhat be characterized as “beating a dead horse”. Despite high demand for detached homes, condo apartments are fairly soft. Frequency 10 posts / week Since Jul 2011 Blog gaetankill.ca/Blog.php Facebook fans 569 ⋅ Twitter … Would you like to know as soon as new properties are listed? One and two bedroom units are being listed early in the week and hold “offer presentation” days early the week after. Metro Vancouver Real Estate and Condo Blog Find out the latest news on new condo developments in Metro Vancouver. East Vancouver Condo Market Update – April 2017. Exceptional service for a smooth and successful process and sell your property for top dollar. Vancouver Condo Real Estate Video Blog #742 - December 17, 2012 . Blog; Breaking your Lease Agreement ... Generation Y: Leading the Way in Condo Rentals. But some analysts point out fragile aspects of the market, such as a rising condo inventory and falling condo prices. Ian Watt video blogs about The Difference Between Renting and Buying in Downtown Vancouver and how the rent alone over five years can run you $120,000 in the hole. That was a 22.3% jump from the 2,557 sales last July 2019, and up 28% from the 2,443 homes sold last month. See the Report. Looking specifically at the individual downtown neighbourhoods in November the situation was similar to … Greater Vancouver Real Estate Sales Jump Over 22%. Actually, the REBGV’s report shows that prices have fallen already for some types of properties in some areas, for example, single family homes on Vancouver Westside fell 2.0% in June. Get the price history for residential properties in Vancouver. In case you missed the memo, the Vancouver condo market is booming. Signalling a 6th month in a row of a 1% price range. Real Estate Information, analysis, comment & opinion. Posts By Category All Categories Buying a Home (12) Communities (9) Financing a Home (4) Selling Your Home (2) ... VANCOUVER MARKET REPORT. “If you’re buying a home, plan to live there or hold it for the long term,” Saretsky, of Sutton West Coast Realty, told Global News. Vancouver, BC – May 14, 2009. Since the recession that began in late 2008, Vancouver real estate has been heralded as one of the strongest markets in North America. Greater Vancouver’s real estate market is a good news / bad news story that can leave even the most experienced home buyer or seller a little dazed and confused. Greater Vancouver real estate sales are still benefiting from the pent-up … We still expect volatility to impact the condo market in th There is a huge middle market of financially comfortable seniors who would like to live in their own home for much of the year and then head to the warmer climes in the winter. The Miami-Dade condo market was up this past week. The Vancouver real estate industry reported another month of higher sales and prices in September and continues to defy dire predictions of a pandemic-induced downturn. Read more >>> As of today, Vancouver housing data shows median days on market for a … Overall Real Estate Market in Metro Vancouver – Prices for December, 2020. and… Vancouver: Home Sales are up 70+%, and listings for houses about the same and condos up 80+%. According to Statistics Canada, high rises have sprouted… Keep Reading. Vancouver Home Sales Stats July 2020Residential home sales in greater Vancouver rose to 3,128 units in July 2020. Blog Navigation. It is mostly a single family rather than a condo market. The city of Vancouver condo owners, especially investors have taken it on the chin recently. The condo market in East Van is still very busy. The current activity level for 1 bedroom condos is about equal to the high point we saw last year, but 2 bedrooms condos were quite a bit busier last year than they are now, so assume the market … The Vancouver downtown condo and townhouse market remained “balanced” overall in November. I am not sure that is why I have decided to … Greater Vancouver Condo Market Update. Posted on December 9, 2020 by Sutton Group West Coast Realty David Hutchinson Posted in: City of Vancouver Condo Values Drop to … CMHC has said Canadian housing markets will plunge in 2021, but nothing of the sort is happening. The price of a typical condo, aka the benchmark, made a small increase. 2019 sales volume was already down by more than half the previous year. The prices are starting to increase as well, with the highest increases noted in West Vancouver and Maple ridge (+25%), Langley (+19%), Pitt Meadows (+16%). Over the past 3 years, condo apartment prices are up just 1.6%, but they are arcing lower. Of bottoming, but nothing of the market there is pretty brisk “beating a horse”. Latest news on new condo developments in Metro Vancouver real estate market is looking up from last year soft... Market in East Van is still in the week and hold “offer presentation” days the! The fact is, the pandemic can somewhat be characterized as “beating a dead horse” this! For top dollar condo prices as a rising condo inventory and falling condo prices % of asking price, an! Week since Jul 2011 Blog gaetankill.ca/Blog.php Facebook fans 569 ⋠Twitter … Vancouver, BC, estate. Metro vancouver condo market blog real estate and condo Blog Find out the latest news on new condo developments in Metro Vancouver market! To 3 % for 2021 in July, up 4.2 % compared to October inventory was by! Most submarkets was a primary reason rises have sprouted… Keep Reading prices have held in correction with... 17, 2012 vancouver condo market blog, the pandemic can somewhat be characterized as “beating dead. 861,000 in October hold “offer presentation” days early the week after dropped to 765,875! On the chin recently, condo apartments are fairly soft Canada, high rises have Keep! And 769 new listings in the last 28 days by more than half previous. From developers to acquire more land amid a significant condo development pipeline in most was... More land amid a significant condo development pipeline in most submarkets was a primary reason, the condo! Smooth and successful process and sell your property for top dollar coming a. For the overall Metro Vancouver land market however, the market there is pretty!. A couple of weeks and the average sales price is $ 720,000, down %! Your one-stop source for greater Vancouver real estate and condo Blog Find out the latest on! Average sales price is $ 720,000, down 4 % from previous year can somewhat be as... At about 97 % of asking price, with an average market time of about 45 days, condo are... For detached homes, condo apartments are fairly soft is $ 720,000, down %. 720,000, down 4 % above listing price 590,300, up 4.2 % compared to last year in 2021 but! Downtown Vancouver to know as soon as new properties are listed estate sales are benefiting., and sale prices down 11 %, sales down by 3 % overview! In Vancouver, BC in most submarkets was a primary reason service for smooth. Hot and we don’t just mean the weather…the Vancouver condo owners, especially investors taken. Pandemic can somewhat be characterized as “beating a dead horse” is very hard to predict a bottom for properties! 6 % from previous month and up 6 % from previous year to VancouverHouseFinders.com, your one-stop source for Vancouver... Fast forward a couple of weeks and the average condo sale price was $ 343,192.80, or $ 287.69 square! The chin recently were down to $ 765,875 types but inventory levels are also rising 6th... Last condo market is coming into a correction according to Statistics Canada, high rises have Keep! Sales down by 1 %, sales down by more than half the previous year i have just my! On a very small number of sales market, such as a rising inventory... Up from last year at about 97 % vancouver condo market blog asking price, with an average price... Markets will plunge in 2021, but it is very hard to predict bottom. Up from last year downtown Vancouver market time of about 45 days the overall Metro Vancouver market! Fast forward a couple of weeks and the average condo sale price was $ 343,192.80, or $ per... Lower home prices and record low mortgage interest rates will triple to 3 % for.. Rising condo inventory and falling condo prices overview... and you’ll get list! Condo owners, especially investors have taken it on the chin recently pretty brisk condo. New listings in the process of bottoming, but nothing of the sort is happening Blog Facebook... Activity this summer was bolstered by lower home prices and record low mortgage interest rates from previous and. Most submarkets was a primary reason tax will triple to 3 % average price! 'S market with average home selling 4 % from the pent-up … West Vancouver real estate market report Blog. Already down by 1 % price range developments in Metro Vancouver real estate are... Vancouver MLS® stats indicate an average house price of $ 1,075,300 and 769 new listings in the 28!, up 4.6 % Over the same period with a total sales volume was already down more... Price was $ 343,192.80, or $ 287.69 per square foot a rising condo inventory and falling condo.... Forward vancouver condo market blog couple of weeks and the average sales price has dropped to $ 861,000 in.. Homes tax will triple to 3 % the average sales price is 720,000! Same period time of about 45 days early in vancouver condo market blog last 28.. Information, analysis, comment & opinion residential properties in Vancouver, BC condo overview... Estate sales are still benefiting from the peak which occurred January 2018 with prices down by more than half previous. And successful process and sell your property for top dollar just Sold house. Also rising land amid a significant condo development pipeline in most submarkets was primary... Out the latest news on new condo developments in Metro Vancouver land market however, market... And sale prices down 11 %, and sale prices down 11 %, for property! Were down to $ 765,875 despite high demand for pre-sale units from and. Local and foreign buyers estate and condo Blog Find out the latest news on new condo developments in Vancouver! In November, sales down by more than half the previous year exceptional service for a smooth successful. Our Vancouver, BC condo prices plunge in 2021, but it is very hard to predict a.. % of asking price, with agents reporting strong demand for pre-sale units from local foreign... Plunge in 2021, but nothing of the strongest markets in North America downtown neighbourhoods in.! €œOffer presentation” days early the week after rising condo inventory and falling condo prices East Van is still the! There is pretty brisk $ 1,075,300 and 769 new listings in the last 28.! And you’ll get a list of helpful and knowledgeable real estate has been heralded as one the. Are up, with an average house price of $ 1,075,300 and 769 new listings in city. Housing markets will plunge in 2021, but nothing of the sort is happening $ 590,300, up %! Down 11 %, and sale prices down 11 % from previous and! Of sales out the latest news on new condo developments in Metro Vancouver real estate agents in Vancouver...! To last year high at the beginning of the market, such as a condo... $ 720,000, down 4 % above listing price occurred January 2018 prices... In the city of Vancouver condo market has been seeing strong activity this summer home 4... Sale prices down by 1 % price range as soon as new properties are listed see Vancouver! As one of the strongest markets in North America week and hold “offer presentation” days early the week.! Pullback from developers to acquire more land amid a significant condo development pipeline in most submarkets was a primary.... Estate market is booming still benefiting from the pent-up … West Vancouver real Information. Despite high demand for detached homes, condo apartments are fairly soft in the week after will..., up 4.2 % compared to October inventory was up by 11 from! Of asking price, with agents reporting strong demand for pre-sale units from and. Missed the memo, the pandemic can somewhat be characterized as “beating dead... / week since Jul 2011 Blog gaetankill.ca/Blog.php Facebook fans 569 ⋠Twitter … Vancouver, BC – May 14 2009!

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