{"id":17864,"date":"2021-05-07T10:10:00","date_gmt":"2021-05-07T17:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=17864"},"modified":"2021-05-05T09:13:49","modified_gmt":"2021-05-05T16:13:49","slug":"metro-vancouver-home-sales-are-342-higher-than-a-year-ago-when-april-transactions-fell-to-a-record-low","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2021\/05\/metro-vancouver-home-sales-are-342-higher-than-a-year-ago-when-april-transactions-fell-to-a-record-low\/","title":{"rendered":"Metro Vancouver Home Sales are 342% Higher Than A Year Ago, When April Transactions Fell to A Record Low"},"content":{"rendered":"<p style=\"text-align: justify;\">The Real Estate Board of Greater Vancouver (REBGV) reports that housing sales in the region totalled 4,908 in April 2021, a 342.6% increase from the 1,109 sales recorded in April 2020, but a 14% decrease from the 5,708 homes sold in March 2021.<\/p>\n<p style=\"text-align: justify;\">April sales were 56.2% above the 10-year April sales average and is the highest total on record for the month.<\/p>\n<p style=\"text-align: justify;\">\u201cOur housing market has changed considerably from one year ago when COVID-19 concerns brought activity to a near standstill,\u201d said Keith Stewart, REBGV\u2019s economist.<\/p>\n<p style=\"text-align: justify;\">Despite the bullish perception in the market, some analysts say the market is cooling, as higher supply begins to cool buyers\u2019 fear of missing out.<\/p>\n<p style=\"text-align: justify;\">\u201cThere appears to be a sentiment shift in the market over the past several weeks,\u201d said Vancouver real estate agent Steve Saretsky, who publishes a widely-read blog on the Metro market.<\/p>\n<p style=\"text-align: justify;\">\u201cThere are fewer showings, fewer offers, and an element of buyer fatigue appears to be setting in. This view is nearly synonymous across the real estate industry. I will stop short of making any predictions, but a slowdown in the housing market appears inevitable,\u201d Saretsky said on May 3.<\/p>\n<p style=\"text-align: justify;\">The total number of homes currently listed for sale in Metro Vancouver is 10,245, a 9.1% increase compared to April 2020 and a 12 % increase compared to March 2021. In April alone, 7,983 new listings were added to the MLS system, the highest April level in history.<\/p>\n<p style=\"text-align: justify;\">The composite benchmark price for all residential properties in Metro Vancouver is currently $1.15 million, a 12% increase over April 2020 and a 2.6% increase compared to March 2021.<\/p>\n<p style=\"text-align: justify;\">The benchmark price for a detached house is now $1.75 million. This represents a 20.9% increase from last year and a 3.2% increase compared to March 2021.<\/p>\n<p style=\"text-align: justify;\">The benchmark price of condo apartment is $729,600. This represents a 5.9% increase from April 2020 and a 1.9% increase compared to March 2021.<\/p>\n<p style=\"text-align: justify;\">The benchmark price of townhouse is $900,900. This is a 13.9% increase from April 2020 and a 3.3% increase compared to March 2021, the REBGV reported.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/biv.com\/article\/2021\/05\/april-home-sales-dip-14-march\" target=\"_blank\" rel=\"noopener\">April Home Sales Dip 14% from March<\/a> by Western Investor | BIV<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Real Estate Board of Greater Vancouver (REBGV) reports that housing sales in the region totalled 4,908 in April 2021, a 342.6% increase from the 1,109 sales recorded in April &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2021\/05\/metro-vancouver-home-sales-are-342-higher-than-a-year-ago-when-april-transactions-fell-to-a-record-low\/\">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-17864","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>Metro Vancouver Home Sales are 342% Higher Than A Year Ago, When April Transactions Fell to A Record Low &#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\/2021\/05\/metro-vancouver-home-sales-are-342-higher-than-a-year-ago-when-april-transactions-fell-to-a-record-low\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Metro Vancouver Home Sales are 342% Higher Than A Year Ago, When April Transactions Fell to A Record Low &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"The Real Estate Board of Greater Vancouver (REBGV) reports that housing sales in the region totalled 4,908 in April 2021, a 342.6% increase from the 1,109 sales recorded in April &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/05\\\/metro-vancouver-home-sales-are-342-higher-than-a-year-ago-when-april-transactions-fell-to-a-record-low\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/05\\\/metro-vancouver-home-sales-are-342-higher-than-a-year-ago-when-april-transactions-fell-to-a-record-low\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Metro Vancouver Home Sales are 342% Higher Than A Year Ago, When April Transactions Fell to A Record Low\",\"datePublished\":\"2021-05-07T17:10:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/05\\\/metro-vancouver-home-sales-are-342-higher-than-a-year-ago-when-april-transactions-fell-to-a-record-low\\\/\"},\"wordCount\":339,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Market Updates\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/05\\\/metro-vancouver-home-sales-are-342-higher-than-a-year-ago-when-april-transactions-fell-to-a-record-low\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/05\\\/metro-vancouver-home-sales-are-342-higher-than-a-year-ago-when-april-transactions-fell-to-a-record-low\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/05\\\/metro-vancouver-home-sales-are-342-higher-than-a-year-ago-when-april-transactions-fell-to-a-record-low\\\/\",\"name\":\"Metro Vancouver Home Sales are 342% Higher Than A Year Ago, When April Transactions Fell to A Record Low &#8226; 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