Strong Buyer Demand Hampered By Low Inventory Last month, 422 single-family detached properties (excluding acreage and waterfront) sold on the MLS® System compared to 318 in November 2019, a 33% increase. Sales dipped by 19% from October. In the condo apartment category, sales rose by 65% year...
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High Demand Continues Despite Pandemic The Vancouver Island Real Estate Board (VIREB) recorded 1,066 unit sales (all categories) last month compared to 721 in October 2019. Breaking those numbers down, 524 single-family detached properties (excluding acreage and waterfront) sold in October compared to 342 the previous year,...
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Robust Housing Market Being Fuelled By Many Factors VIREB recorded 1,287 unit sales (all categories) last month compared to 692 in September 2019, a healthy showing amid the economic downturn caused by a global pandemic. Breaking those numbers down, 643 single-family detached properties (excluding acreage and waterfront)...
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Strong Post-COVID Recovery Continues The Vancouver Island Real Estate Board (VIREB) recorded 1,101 unit sales (all categories) last month, a 39% increase from August 2019. A total of 547 single-family detached properties (excluding acreage and waterfront) sold in August, a year-over-year increase of 35%. Sales of condo...
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VIREB's housing market continues to recover from the COVID-19 downturn seen in April and part of May. A total of 892 units sold in July 2020, down 4% from the 931 sales posted in July 2019. Breaking down those sales by category, 574 single-family detached properties...
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Housing Market Rebounds in June The COVID-19 effect on VIREB’s housing market seemingly wore off in June, with sales rebounding significantly from May and posting year-over-year increases in most markets. Last month, 479 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 246 in...
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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...
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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...
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We hope everyone is healthy and safe during this challenging period. For now, it’s time for our monthly market updates for areas covered by the Vancouver Island Real Estate Board (VIREB)! As per VIREB's latest market update, the Vancouver Island Real Estate Board (VIREB) reports that...
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Spring is almost upon us, and it's time for our monthly market updates for areas covered by the Vancouver Island Real Estate Board (VIREB)! As noted in their latest media release, February has seen higher sales, which can be taken as a positive sign. Sales of single-family...
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It's time for our monthly market updates for areas covered by the Vancouver Island Real Estate Board (VIREB)! As stated in VIREB's latest market report, sales of single-family homes in January dropped by 16% from one year ago and were 26% lower than in December. Last month,...
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Ready to get started for 2020? It's time for our monthly market updates for areas covered by the Vancouver Island Real Estate Board (VIREB)! According to VIREB's most recent market update, sales of single-family homes in December increased by 40% from one year ago and were...
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