INFOGRAPHICS: May 2020 REBGV Greater Vancouver Market Reports
Home prices remain steady, as buyers and sellers become more comfortable operating in today’s market.
The Real Estate Board of Greater Vancouver reports that the MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver today is $1,028,400. This is virtually unchanged from April 2020, a 1.4% increase over the last three months, and a 2.9% increase compared to May 2019.
Residential home sales in the region totalled 1,485 in May 2020, a 43.7% decrease from the 2,638 sales recorded in May 2019 and a 33.9% increase from the 1,109 homes sold in April 2020. Last month’s sales were 54.4% below the 10-year May sales average.
The following data is a comparison between May 2019 and May 2020 numbers, and is current as of June 2020. For last month’s update, you can check out our previous post for April 2020 data.
These infographics cover current trends in North Vancouver, West Vancouver, Vancouver East, and Vancouver West. 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! 🙂 )