APRIL MARKET STATS ARE OUT!
Kristi Wong • May 3, 2016
The heated activity we saw in the beginning of the year is continuing now as we move fully into the spring market. Here’s a little breakdown: April sales were up 47% from same month last year There were 32% less homes listed than the previous year The benchmark price for a single family detached home […] The post APRIL MARKET STATS ARE OUT! appeared first on Andy Schildhorn, PREC.
The heated activity we saw in the beginning of the year is continuing now as we move fully into the spring market.
Here’s a little breakdown:
- April sales were up 47% from same month last year
- There were 32% less homes listed than the previous year
- The benchmark price for a single family detached home was $776,500
Give me a call if you have any questions!
The post APRIL MARKET STATS ARE OUT! appeared first on Andy Schildhorn, PREC.
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Homebuyers in Metro Vancouver are sitting on the sidelines despite market conditions tipping in their favour, according to the latest data from the Greater Vancouver Realtors (GVR). Residential home sales in March 2025 totalled just 2,091—down 13.4 per cent from March 2024 and 36.8 per cent below the 10-year seasonal average. It marked the slowest March for sales since 2019. Active listings climbing to highest levels seen in a decade At the same time, active listings reached levels not seen in nearly a decade. New listings for detached, attached and apartment properties were up 29 per cent year-over-year to 6,455—a 15.8 per cent increase over the 10-year average. Total active listings on the MLS reached 14,546, up 37.9 per cent compared to March 2024 and 44.9 per cent above the seasonal average. “If we can set aside the political and economic uncertainty tied to the new U.S. administration for a moment, buyers in Metro Vancouver haven’t seen market conditions this favourable in years,” said Andrew Lis, GVR’s director of economics and data analytics. “Prices have eased from recent highs, mortgage rates are among the lowest we’ve seen in years, and there are more active listings on the MLS than we’ve seen in almost a decade.” Read More
