March 2021 Real Estate Market Update

March 2021 Real Estate Market Update

The March market was trending up and in particular we’ve noticed a high demand for single family homes.

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First, let’s take a look at the residential activities in Greater Vancouver in March :

  • 8,273 new listings were added this month, which is a 64% increase compared to last month, and an 87% increase from last March.
  • 5,697 properties were sold this month, which is a 54% increase compared to February, and a 126% increase from last year.
  • The ratio in March was 62%, an 18% increase compared to February, and a %36 increase from last year.
Understanding the market trends and the market types (Buyer’s market, Seller’s market, and balanced market) are the two key factors to consider before a real estate transaction. Knowing when to sell, buy, or more importantly, knowing when to hold all actions for the right moment, can make the biggest investment of your life the most profitable one. Vivid Real Estate market report will provide you with all these market types and much more, allowing you to make an informed decision about the next steps you could take in the real estate market.

Wondering if now is a good time to buy or sell?

Contact me today to get more information on the market situation, and let me help you determine the best call of action.

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If there are any questions that you have about buying or selling a home or you are just looking for some real estate advice, feel free to call me anytime or fill in the form below.