Market Analysis

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.

The pent-up demand in Vancouver’s housing market has been building for months and after beginning to release this summer it virtually burst in October with a 45 per cent surge in overall sales compared to a year earlier across Greater Vancouver.

Detached housing sales increased 53.5% across Greater Vancouver in September compared to the same month a year earlier and the Westside shared in the increase with a 30.6% surge…

Nine detached houses sold for less than $2 million each on the Westside of Vancouver in August, but the biggest news is likely that the erosion in benchmark prices in the prestigious market is apparently winding down. As of August, six of the 18 Westside neighbourhoods…