Real Estate Latest News

May 2020 Market Update


VANCOUVER REAL ESTATE MARKET CONTINUES TO BE IMPACTED BY COVID-19

The Vancouver Real Estate Market is seeing a significant decrease in sales thanks to covid-19. In April, detached house sales on the westside fell by 41%. Eastside home sales were down by 23%.


There are also many less properties listed for sale than usual, with property listings down over 40% in April. Many sellers have even removed their previously listed properties from the market due to concerns over covid-19. 


WHAT HAPPENS NEXT FOR  VANCOUVER REAL ESTATE BUYERS AND SELLERS?

With the upcoming easing of restrictions, May will be a busier month - buyers and sellers are already beginning to come back to the real estate market. We are getting busy, and have sold several properties recently - please see the video to learn more about our recent property sales in the Kitsilano, Shaugnessy, and Killarney neighborhoods. 


REAL ESTATE QUESTIONS

 If you have questions, Jill and I continue to market all our properties with safety in mind, offering virtual open houses and tours. Feel free to give us a call at 604-657-7936. 


Hope everyone is staying safe, and a big shoutout to the frontline workers!



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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.