Andrews Group Blog

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  • February 11, 2020
  • 1
  • Market Insight, Video

Steady demand and low supply benefits home sellers

February saw steady home buyer demand and reduced home seller supply across Metro Vancouver*. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,150 in February 2020, a 44.9 per cent increase from the 1,484 sales recorded in February 2019, and a 36.9 per cent increase from the 1,571 homes sold in January 2020. Last month’s sales were 15.6 per cent below the 10-year February sales average.

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  • February 04, 2020
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  • Pricing

Real Estate Board of Greater Vancouver reports January housing sales up 42.4 percent from same month in 2019

The number of residential real-estate transactions last month remained 7.3 percent below the 10-year average for January, according to the Real Estate Board of Greater Vancouver. But sales last month were still a whopping 42.4 percent above the figure recorded in January 2019, when the housing market was in the doldrums. “We’ve begun 2020 with steady home buyer demand that tracks close to the region’s long-term average,” REBGV president Ashley Smith said in a news release. “Looking at supply, we’re seeing fewer homes listed for sale than is typical for this time of year. As we approach the traditionally more active spring market, we’ll keep a close eye on supply to see if the number of homes being listed is keeping pace with demand.”

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