Hi Tri-Cities! *Here’s the September 2020 Real Estate Market Update.
Overall for Greater Vancouver, it is a SELLERS MARKET with 36% of homes selling in September 2020.
Home sales and new listing activity reached record levels in September 2020.
Last month’s sales were up 51% from September 2019.
AUGUST 2020 vs SEPTEMBER 2020
Sales are up 15% from August 2020
Sale prices increased by 2% from August 2020
Listings are up 2% from August 2020
“We’ve seen robust home sale and listing activity across Metro Vancouver throughout the summer months,” Colette Gerber, REBGV Chair said. “This increased activity can be attributed, in part, to lower interest rates and changing housing needs during the COVID-19 pandemic.”
If you’d like to know the CURRENT value of your home and understand the latest trends in your neighbourhood, please message me.
*Real Estate Board of Greater Vancouver and Snapstats
In 2020, Krista Lapp has consistently been ranked as one of the top 100 Realtors® in Greater Vancouver, ranking as high as #41 out of over 13,500+ Realtors® based on number of sales recorded through MLS®.