April 2018 Real Estate Market Update
As we are entering the Summer market, we are noticing a shift in to a more balanced market. There are are still a lot of transactions that are going through and for condos we’re still in a sellers market, but when we closely look at the numbers we recognized that there the prices are staying more steady.
The detached market is still continuing to be a buyer’s market which creates a great opportunity for people who are interested in the houses and are interested to negotiate a better price.View Full Report
Let’s take a look at the overall residential activities in Greater Vancouver:
- 5,809 new listings were added this month, which is a 31% increase compared to last month, and a 19% increase from last April.
- 2,575properties were sold this month, which is a 3% increase compared to March, and a 27% decrease from last year.
- The ratio in April was 26%, a 4% decrease compared to March, and a 19% decrease from last year.