Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in April 2020.
“Predictably, the number of home sales and listings declined in April given the physical distancing measures in place,” Colette Gerber, REBGV’s president-elect said. “People are, however, adapting. They’re working with their Realtors to get information, advice and to explore their options so that they’re best positioned in the market during and after this pandemic.”
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Bowen Island had 3 sales and 23 active listings for detached homes at the end of the month. The benchmark sales price was $934,500.
Burnaby East had 4 sales and 38 active listings for detached homes at the end of the month. The benchmark sales price was $1,220,400.
The condo market featured 4 sales, 31 active listings, and a benchmark sales price was $750,400.
The townhome market had 3 sales and 15 active listings. The benchmark sale price was $657,000.
It’s a buyer’s market for Homes and Condos in Burnaby East.
Burnaby North had 14 sales and 96 active listings for detached homes at the end of the month. The benchmark sales price was $1,470,100.
The condo market featured 19 sales, 240 active listings, and a benchmark sales price was $619,100.
The townhome market had 4 sales and 53 active listings. The benchmark sale price was $727,100.
It’s a buyer’s market for in Burnaby North.
Looking for more information about the real estate market in specific neighbourhoods in the Greater Vancouver?
Macdonald Realty has offices across the Greater Vancouver. Please email firstname.lastname@example.org or call 1-877-278-3888 to be matched with a REALTOR® working in your area.
MLS® Home Price Index (HPI) Benchmark Price
Average and median home prices are often misinterpreted, are affected by change in the mix of homes sold, and can swing dramatically from month to month (based on the types and prices of properties that sold in a given month). The MLS® HPI overcomes these shortcomings and uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area. Visit www.housepriceindex.ca for more information.
This blog post is based on market data provided by the Real Estate Board of Greater Vancouver (REBGV) www.rebgv.org