Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in March 2020.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,524 in March 2020, a 46.1% increase from the 1,727 sales recorded in March 2019, and a 17.4% increase from the 2,150 homes sold in February 2020.
Ashley Smith, REBGV president said:
“The first two weeks of the month were the busiest days of the year for our region with heightened demand and multiple offers becoming more common. Like other aspects of our lives, this changed as concerns over the COVID-19 situation in our province grew.”
Areas covered by the Real Estate Board of Greater Vancouver include Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.
Please check out the infographics for Squamish, Sunshine Coast and Whistler here. Find all the infographics by visiting our Facebook Album.
Burnaby East
In March 2020, there were 6 sales of detached homes and 40 active listings in Burnaby East. The benchmark sale price was $1,225,300. The condo market had 11 sales and 29 active listings at the end of the month. The benchmark sale price was $768,900. The townhome market had 6 sales and, the active listings were 17. The benchmark sale price was $658,100. It’s a seller’s market for condos and townhomes in Burnaby East.
Burnaby North
In March 2020, there were 31 sales of detached homes and 105 active listings in Burnaby East. The benchmark sale price was $1,453,100. The condo market had 71 sales and 229 active listings at the end of the month. The benchmark sale price was $616,500. The townhome market had 18 sales and, the active listings were 42. The benchmark sale price was $727,700. It’s a seller’s market in Burnaby North.
Burnaby South
In March 2020, there were 32 sales of detached homes and 132 active listings in Burnaby East. The benchmark sale price was $1,493,500. The condo market had 88 sales and 254 active listings at the end of the month. The benchmark sale price was $768,400. The townhome market had 13 sales and, the active listings were 47. The benchmark sale price was $768,400. It’s a seller’s market for condos and townhomes in Burnaby North.
Bowen Island
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 [email protected] 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 housepriceindex.ca for more information.
This blog post is based on market data provided by the Real Estate Board of Greater Vancouver (REBGV) rebgv.org.
