Metro Vancouver home sales set a record in 2021

Your monthly news & updates

Featured Listing

Imagine Your Home Listed Here

When you are ready to list your house,

give Barrie a call to start the listing process and promote the sale of your house.

Greetings!

HAPPY NEW YEAR, ALL THE BEST FOR 2022.

I hope you, your family and loved ones are staying healthy and safe as we go through these difficult times. Please remember. if I can be of any help with ANYTHING AT ALL, (real estate related or not) Please reach out to me ANYTIME.

Barrie Seaton

Evergreen West Realty

www.barrieseaton.com

778.229.6627

Market Activity

Comparison report showing % difference in sale prices and volumes over the last 12 months as well as days on the market and the current benchmark price.

Current benchmark price is calculated by comparing the selling for the same type of house month over month, similar to the method that was used to measure the inflation rate, by comparing the price for same bag of groceries month after month.

The NO BS Referral Program

My NO BS Referral program provides you with $750 cash upon a completed real estate transaction. So, if you know someone who is looking to buy or sell any type of property, and wants to work with an experienced realtor, all it takes is one phone call. Give me their name and phone number and I will do the rest.

If your referral results in a completed real estate transaction, I will send $750 NO BS Dollars

(cash, not vouchers or gift cards)

EASY HUH?

Market News

Metro Vancouver home sales set a record in 2021

Metro Vancouver home sales reached an all-time high in 2021 as housing needs remained a top priority for residents in the second year of the COVID-19 pandemic.

December 2021 year-end Market Insights | REBGV

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 43,999 in 2021, a 42.2 per cent increase from the 30,944 sales recorded in 2020, a 73.6 per cent increase from the 25,351 homes sold in 2019, and a four per cent increase over the previous all-time sales record of 42,326 set in 2015.

Last year’s sales total was 33.4 per cent above the 10-year sales average.

“Home has been a focus for residents throughout the pandemic. With low interest rates, increased household savings, more flexible work arrangements, and higher home prices than ever before, Metro Vancouverites, in record numbers, are assessing their housing needs and options,” Keith Stewart, REBGV economist said.

Home listings on the Multiple Listing Service® (MLS®) in Metro Vancouver reached 62,265 in 2021. This is a 14.7 per cent increase compared to the 54,305 homes listed in 2020 and a 19.9 per cent increase compared to the 51,918 homes listed in 2019.

Area Market Trends

Line graph showing average sale prices for TOWNHOUSES in the Tri Cities and Maple Ridge areas since January 2018.

To clarify

GREEN reflects Coquitlam

BLUE reflects Port Coquitlam

ORANGE reflects Port Moody

PURPLE reflects Maple Ridge

SIMILAR INFORMATION IS AVAILABLE FOR YOUR AND ANY OTHER AREAS – CALL ME ANYTIME

Bar graph showing differences in the average sale prices of TOWNHOMES in the Tri Cities 6.5%)and Maple Ridge areas since 2019

To clarify

GREEN reflects Coquitlam

BLUE reflects Port Coquitlam

ORANGE reflects Port Moody

PURPLE reflects Maple Ridge

What the numbers mean

The average sale price for a townhouse in Coquitlam in December 2019 was $870,938, in December 2020 it was $927,724 (+6.5%) and in December 2021 it was $1,149,247 (+23.8% over December 2020 and +32%) over December 2019.

The average sale price for a townhouse in Port Coquitlam in December 2019 was $657,810, in December 2020 it was $708,902 (+7.8%) and in December 2021 it was $956,783 (+35.0% over December 2020 and +45.4%) over December 2019.

The average sale price for a townhouse in Port Moody in December 2019 was $945,330, in December 2020 it was $939,108 (-0.7%) and in December 2021 it was $959,846 (+2.2% over December 2020 and +1.5%) over December 2019.

The average sale price for a townhouse in Maple Ridge in December 2019 was $652,244, in December 2020 it was $818,571 (+25.5%) and in December 2021 it was $1,123,015 (+37.1% over December 2020 and +72.2%) over December 2019.

IF THERE ARE ANY QUESTIONS OR YOU WOULD LIKE TO OBTAIN THIS INFORMATION FOR YOUR OR ANY OTHER AREA – PLEASE CALL ME ANYTIME.