{"id":16734,"date":"2020-10-14T10:10:00","date_gmt":"2020-10-14T17:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=16734"},"modified":"2020-10-14T08:26:22","modified_gmt":"2020-10-14T15:26:22","slug":"bcrea-housing-markets-had-a-record-setting-both-home-sales-average-prices","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2020\/10\/bcrea-housing-markets-had-a-record-setting-both-home-sales-average-prices\/","title":{"rendered":"BCREA Housing Markets Had A Record-Setting Both Home Sales &#038; Average Prices"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 October 14, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 11,368 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) in September 2020, an increase of 63.3% from September 2019. The average MLS\u00ae residential price in BC set a monthly record of $803,210, a 15.3% increase from $696,647 recorded the previous year. Total sales dollar volume in August was $9.1 billion, an 88.3% increase over 2019.<\/p>\n<p style=\"text-align: justify;\">\u201cThe provincial housing market had a record-setting September,\u201d said BCREA Chief Economist Brendon Ogmundson. \u201cBoth total sales and average prices were the highest ever for the month of September as pent-up demand from the spring pushes into the fall.\u201d<\/p>\n<p style=\"text-align: justify;\">\u201cAverage prices are skewing higher as demand for space during the pandemic drives sales of single-detached homes,\u201d added Ogmundson. Total provincial active listings are still down about 12% year-over-year, with some markets even more under-supplied as the pandemic continues to keep listings low.<\/p>\n<p style=\"text-align: justify;\">Year-to-date, BC residential sales dollar volume was up 25.1% to $49.7 billion, compared with the same period in 2019. Residential unit sales were up 12.5% to 65,023 units, while the average MLS\u00ae residential price was up 11.2% to $764,298.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/wp-content\/uploads\/2020-09.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Click here<\/a> for the complete news release, including detailed statistics.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/economics\/record-september-for-bc-housing-markets\/\" target=\"_blank\" rel=\"noopener noreferrer\">BCREA Record September for BC Housing Markets<\/a> by Brendon Ogmundson | Chief Economist | BCREA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, BC \u2013 October 14, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 11,368 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2020\/10\/bcrea-housing-markets-had-a-record-setting-both-home-sales-average-prices\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-16734","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BCREA Housing Markets Had A Record-Setting Both Home Sales &amp; Average Prices &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2020\/10\/bcrea-housing-markets-had-a-record-setting-both-home-sales-average-prices\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA Housing Markets Had A Record-Setting Both Home Sales &amp; Average Prices &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 October 14, 2020. 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