New listing and home sales at record levels across Metro Vancouver. What is fueling this busy 2020 housing market? Home has been a focus for residents during the pandemic. With more days and evenings spent at home this year, people are rethinking their housing situation. Combined with the dramatic drop in interest rates. Realtors have been working to adapt to safety protocols so that they can continue to help the public in a safe and responsible way.
Across Greater Vancouver last month sales were 34.7% above the ten year October average. The second highest total on record for the month. Residential home sales have increased 29% over October 2019.
Sales of detached homes in October 2020 are up 42.3% over October 2019.
Sales of apartments in October 2020 are up 13.4% over October 2019.
Sales of townhomes in October 2020 are up 45.9% over October 2019.
North Vancouver detached homes benchmark price $1,665,100
1 year change: +13.6%
3 year change: +10.9%
5 year change: +64.7%
North Vancouver townhouse benchmark price $1,026,400
1 year change: +9.6%
3 year change: +5.1%
5 year change: +48.0%
North Vancouver apartment benchmark price $588,900
1 year change: +6.3%
3 year change: +5.1%
5 year change: +53.9%
For more information call or text Lara or Leanne at 604-506-3455.