Market Analysis

The Real Estate Board of Greater Vancouver reported that residential home sales in the Metro Vancouver area increased by 36.6 percent in August, recording 3,047 sales to exceed August 2019’s record of 2,231. There was a slight decrease in sales from July 2020, where 3,128 homes were sold in the region.

Faith Wilson Group’s exclusive and comprehensive Market Analyses for July 2020 have arrived. Home buyer and seller activity in Metro Vancouver* exceeded historical levels in July. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,128 in July 2020, a 22.3 per cent increase from the 2,557 […]

Sellers and Buyers have gradually become more active with each month passing from the mid March COVID-19 news. In fact, June home sales and listing activity in Metro Vancouver have returned to historically typical levels.

Recapping this last month of May 2020 in Vancouver real estate, we see that it has performed substantially in the same manner as the month previously – April 2020 – with a slight price increase of 1.4% and a 2.9% increase compared to last year May 2019.

Real estate activity in Metro Vancouver have been limited given COVID-19 and we are all adjusting to the new normal. While the number of sales reported by the Real Estate Board of Greater Vancouver (REBGV) is 39.4% less from last year, it is an expected decrease given social distancing measures being practiced. However, that does not mean people are not interested in Real Estate.

March came in like a lion as far as the Westside detached house market is concerned. The first weeks were already seeing the highest monthly transactions of the year and eclipsing the pace of March 2019 by nearly 60%.

February detached house sales on the Westside, at 62 transactions, were up 21.6% from February 2019 and the highest for any month since November of last year.

Faith Wilson Group’s exclusive and comprehensive Market Analyses for January 2020 have arrived. Our team does the research and produces reports for 8 Lower Mainland areas (inclusive of 170 + neighbourhoods) + the Vancouver Condo Report. Providing the market’s pricing for each type of home within its neighbourhood, and the market activity within its price […]

Faith Wilson Group’s exclusive and comprehensive Market Analyses for Q4 of 2019 have arrived. Our team does the research and produces reports for 8 Lower Mainland areas (inclusive of 170 + neighbourhoods) + the Vancouver Condo Report. Providing the market’s pricing for each type of home within its neighbourhood, and the market activity within its […]

Westside detached house sales in November were up 32.7% from November 2018 to 65, reflective of a year-over-year increase in detached house sales seen right across Metro Vancouver, which experienced a near 60% rise in transactions.