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Blog by Don Kennedy

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Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.


The News Release attribute June’s increasing demand and the re-emergence of multiple offers on well priced homes, to a comfort level that Buyers a Sellers enjoy lately thanks to the many safety protocols now practised by Realtors. June to June the composite value of all Metro Vancouver properties is up 3.5 percent. This June, residential detached, attached and apartment sales increase 17.6 percent compared to June 2019. While the year to year total inventory of listed properties declines 23.7 percent, in the same time period new listings are up 21.8 percent.


The graph shows a boost of 2.5 percent from May to June in the average price for Metro Vancouver detached properties. The benchmark price for detached homes last month is 3.6 percent higher than June 2019. The volume of house sales rises 16.1 percent year to year.


East side house prices year over year are up 7.9 percent. Last month versus June 2019 Vancouver east detached sales show a 23.5 percent increase. June to June inventory has an additional 13.3 percent.


May to June east side house sales are more by 64.1 percent. Month to month east side inventory is really up, by 103.7 percent.