Week 35 – Vancouver Real Estate Week in Review (August 23rd – August 29th, 2020)

Week 35 – Market Update
Overview

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)

Downtown Vancouver

Comments:
No comments

Post Your Comment:

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.