Week 35 – Market Update
Summer vacation is most definitely over for Vancouver real estate.
Week 35 continued the torrid pace set by the previous week. Both sales and new listings hit highs for 2020…reaching 227 sales this past week in the City of Vancouver (the previous high was 219 set just prior to the onset of the pandemic).
And while inventory is growing (also reaching a high for the year), the Months of Inventory fell to it’s lowest level of the year (showing that demand outpaced supply this past week).
All market segments are seeing increasing levels of activity. For the most part, there was consistency between last week and this week across the board.
The one area that saw a significant jump in activity levels was Downtown Vancouver apartments. We went from 41 sales in the previous week to 57 this week.
Vancouver West (Westside)
East Vancouver (Eastside)