Week 45 – Vancouver Real Estate Week in Review (November 1st – November 7th, 2020)

Week 45 – Market Update

The last week we saw further overall easing in the Vancouver real estate market. Sales slipped for the second week in a row (to 189 from 210) – and third of the last four. Overall listings rose very slightly (from 4,059 to 4,068…surprisingly new listings increased for the first time in the last month (to 361 from 327).

Once again the townhouse market led the strength. For the last three weeks it was well in Seller’s Market territory and that continued this week with Months of Supply at 3.68. East Vancouver Houses and Apartments were also areas of strength while Downtown Vancouver Apartments continued to lag.

It’s looking very much as though the market is cooling off as we head into the winter. As I’ve mentioned in recent weeks, this is VERY normal for this time of year. However, the significant bump in New Listings goes against this trend…it’s something that I’ll be watching in the coming weeks.

Vancouver West (Westside)

East Vancouver (Eastside)

Downtown Vancouver


No comments

Post Your Comment:

Your email will not be published
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.