INFOGRAPHICS: May 2020 VIREB Vancouver Island Market Reports
Higher May sales indicate a recovering market.
While COVID-19 had a significant impact on the Vancouver Island Real Estate Board’s (VIREB) housing market in April, the board’s May numbers indicate that the market may already be recovering.Last month, 246 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 189 in April 2020 and 456 in May 2019. Sales of apartments decreased by 56% year over year but were significantly higher than in April, with 44 properties changing hands compared to 17 the previous month. Townhouse sales dropped by 70% year over year but rose by 65% from April.
The following data is a comparison between May 2019 and May 2020 numbers, and is current as of June 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! 🙂 )