Greater Vancouver Real Estate Market Statistics – May 2020
 

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in May 2020.

“Home prices have been stable during the COVID-19 period,” Colette Gerber, REBGV Chair said. “While we’re seeing a variety of long-term projections for the market, it’s critical to understand the facts and trends as they emerge.”

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Bowen Island

Bowen Island had 3 sales and 31 active listings for detached homes at the end of the month. The benchmark sales price was $956,200.

 

Burnaby East

Burnaby East had 4 sales and 39 active listings for detached homes at the end of the month. The benchmark sales price was $1,244,600.

The condo market featured 7 sales, 35 active listings, and a benchmark sales price was $746,500.

The townhome market had 6 sales and 18 active listings. The benchmark sale price was $669,500.

It’s a buyer’s market for homes in Burnaby East.

Burnaby North

Burnaby North had 16 sales and 104 active listings for detached homes at the end of the month. The benchmark sales price was $1,472,700.

The condo market featured 48 sales, 241 active listings, and a benchmark sales price was $623,500.

The townhome market had 15 sales and 47 active listings. The benchmark sale price was $719,300.

It’s a buyer’s market for homes in Burnaby North.

Burnaby South

Burnaby South had 18 sales and 138 active listings for detached homes at the end of the month. The benchmark sales price was $1,529,000.

The condo market featured 35 sales, 240 active listings, and a benchmark sales price was $678,900.

The townhome market had 9 sales and 43 active listings. The benchmark sale price was $773,400.

It’s a buyer’s market for homes and condos in Burnaby South.

Coquitlam

Ladner

Maple Ridge

New Westminster

North Vancouver

Pitt Meadows

Port Coquitlam

Port Moody

Richmond

Tsawwassen

Vancouver East

Vancouver West

West Vancouver

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 macrealty@macrealty.com 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