Brendan Connolly's posts

VANCOUVER, BC – February 4, 2020 – Home sale and price activity remained steady in Metro Vancouver* to start 2020 while home listing activity declined in January. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,571 in January 2020, a 42.4 per cent increase from the 1,103 sales recorded in January 2019, and a 22.1 per cent decrease from the 2,016 homes sold in December 2019. Last month’s sales were 7.3 per cent below the … [Read more...] about Home sale activity up, supply down to start 2020

VANCOUVER, BC – January 3, 2020 – The Metro Vancouver housing market experienced below average sales activity and moderate price declines in 2019. The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment homes reached 25,351 in 2019, a three per cent increase from the 24,619 sales recorded in 2018, and a 29.6 per cent decrease over the 35,993 residential sales in 2017. Last year’s sales total was 20.3 per cent below the region’s 10-year … [Read more...] about Home sales decline below long-term averages in 2019 despite increased demand to end the year

VANCOUVER, BC – November 4, 2019 – The Metro Vancouver* housing market is experiencing a fall pickup in home sale activity. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,858 in October 2019, a 45.4 per cent increase from the 1,966 sales recorded in October 2018, and a 22.5 per cent increase from the 2,333 homes sold in September 2019. Last month’s sales were 9.8 per cent above the 10-year October sales average. “Home … [Read more...] about Home buyer activity increases in October

VANCOUVER, BC – October 2, 2019 – Home buyer demand has returned to more historically typical levels in Metro Vancouver* over the last three months.  The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,333 in September 2019, a 46.3 per cent increase from the 1,595 sales recorded in September 2018, and a 4.6 per cent increase from the 2,231 homes sold in August 2019.  Last month’s sales were 1.7 per cent below the 10-year … [Read more...] about Increased demand helps housing market reach balanced territory

VANCOUVER, BC – September 4, 2019 – Home buyer activity increased to more typical levels in Metro Vancouver* throughout the summer months. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,231 in August 2019, a 15.7 per cent increase from the 1,929 sales recorded in August 2018, and a 12.7 per cent decrease from the 2,557 homes sold in July 2019. Last month’s sales were 9.2 per cent below the 10-year August sales … [Read more...] about Metro Vancouver housing market sees summer uptick in sales

VANCOUVER, BC – August 2, 2019 – Home buyer demand picked up across Metro Vancouver* last month, making July, a traditionally quieter month in real estate, the second highest selling month so far this year. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,557 in July 2019, a 23.5 per cent increase from the 2,070 sales recorded in July 2018, and a 23.1 per cent increase from the 2,077 homes sold in June 2019. Last month’s sales … [Read more...] about Home sales increase in July