COVID-19 and the Vancouver Real Estate Market

Don Urquhart Website Image of False Creek

I have taken the March 2020 sales data from the Vancouver Real Estate Board and broken it down into two categories by date. The first category is the number of sales from March 1st to 17th. The second category is the number of sales from March 17th to March 31st. The data shows the initial start of the decline in the number of sales in the affordability sector for most areas of Greater Vancouver. I was expecting to see a more obvious decline yet I am sure the sales data to come for the month of April will give us a clearer look into how much COVID-19 has slowed our real estate market.

 

Vancouver Downtown, Yaletown, West End, Coal Harbour Condo Sales

Price Range March 1st – 16th March 17th – 31st
0 – $ 1,000,000 79 44
$1,000,001 – $2,700,000 22 19

 

Vancouver West Side Detached House Sales

Price Range March 1st – 16th March 17th – 31st
0 – $2,500,000 14 18
$2,500,001 – $5,000,000 27 26

 

Vancouver West Side Condominium and Townhouse Sales

Price Range March 1st – 16th March 17th – 31st
0 – $1,000,000 66 48
$1,000,001 – $2,000,000 40 30

 

Vancouver East Detached House Sales

Price Range March 1st – 16th March 17th – 31st
0 – $1,750,000 47 36
$1,750,001 – $2,500,000 12 12

 

Vancouver East Side Condominium and Townhouse Sales

Price Range March 1st – 16th March 17th – 31st
0 – $800,000 74 58
$800,001 – $1,500,000 14 14

 

North Vancouver Detached House Sales

Price Range March 1st – 16th March 17th – 31st
0 – $1,750,000 33 20
$1,750,001 – up 17 6

 

North Vancouver Condominium and Townhouse Sales

Price Range March 1st – 16th March 17th – 31st
0 – $1,000,000 61 42
$1,000,001 – up 16 14

 

West Vancouver Detached House Sales

Price Range March 1st – 16th March 17th – 31st
0 – $2,500,000 18 4
$2,500,001 – up 11 7

 

I will continue to monitor our real estate market during the COVID-19 quarantine. If you have any questions or would like more specicifc data please call or email me. I am always happy to hear from you.

 

Don Urquhart
Macdonald Realty
Direct: 604 787 1210
Email:   [email protected]