INFOGRAPHICS: April 2020 VIREB Vancouver Island Market Reports
The anticipated impact of COVID-19 on VIREB’s housing market became a reality in April, with sales of single-family homes dropping by 54% year over year.
Last month, 189 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 333 in March 2020 and 412 in April 2019. Apartment and townhouse sales decreased by 82 and 69%, respectively. Inventory of single-family homes last month dipped by nine% year over year (1,293 to 1,173). Active listings of apartments rose by 33% (303 to 403) year over year, while townhouse inventory dropped by 19% (197 to 160).
The following data is a comparison between April 2019 and April 2020 numbers, and is current as of May 2020. Click here to check out last month’s infographics.
Click on the images for a larger view! (Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )