Residential and land sales so far this year in the city of Vancouver exceed annual numbers for 2018 and 2019. These are numbers from January to November 2020, and sales in December have yet to be counted.
Sales in 2020 so far from January to November exceed the whole of 2019, meaning 12 months of the year, in Vancouver, which numbered 7,357. Year-to-date sales also surpass the whole of 2018 in Vancouver, which came to 7,285. The same is happening on a regional level.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,044,000. This represents a 5.8 per cent increase over November 2019.
Attached home sales in November 2020 totalled 632, a 40.1 per cent increase compared to the 451 sales in November 2019. The benchmark price of an attached home is $814,800. This represents a 5.6 per cent increase from November 2019.
Now is the time to buy and sell!