Keep up to date on the market trends with my monthly market reports for the Greater Vancouver market! For this month's report we wrap up the 2020 year and see how things shook out.
Metro Vancouver housing market shows resilience in 2020
Strong December activity brought Metro Vancouver’s 2020 home sales total in line with the region’s long-term annual average.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 30,944 in 2020, a 22.1% increase from the 25,351 sales recorded in 2019, and a 25.7% increase from the 24,619 homes sold in 2018.
Last year’s sales total was 2.8% below the 10-year sales average.
The following data is a comparison between December 2019 and December 2020 numbers, and is current as of January 2021.