Vancouver Real Estate Statistics Amid COVID-19

Don Urquhart Website Image of False Creek

The information below shows how the current COVID-19 quarantine is affecting our Vancouver real estate market. As we entered March of 2020 the real estate market was very active with most areas transitioning from a Buyers market to a Sellers market. Prices were increasing in the affordability sectors and new listings in sought after locations were receiving multiple offers resulting in sale prices over the asking price. As soon as we entered the later part of March the COVID-19 pandemic was affecting our global economy in unprecedented ways. As I type we are now in week four of quarantine here in Canada. The sales numbers below are up to the minute and will give good incite to where our local real estate market is in relation to activity. It is too early to tell how much prices have been affected but as soon as I have enough data I will post the figures. Please feel free to call me for more specific information. I am always happy to hear from you.

Percentages are measured from the first 16 days of March to the last two weeks of April.

 

Vancouver Downtown, Yaletown, West End, Coal Harbour

Price Range March 1st-16th March 17th-31st April 1st-14th
0 – $1,000,000 79 44 31       (-39%)
$1,000,001 – $2,700,000 22 19 8         (-36%)
$2,700,001 – up 4 3 0         (-100%)

 

 

Vancouver West Side Detached House Sales

Price Range March 1st-16th March 17th-31st April 1st-14th
0 – $2,500,000 14 18 6         (-42%)
$2,500,001-$5,000,000 22 19 7         (-31%)
$5,000,001 – up 2 0 0         (-100%)

 

 

Vancouver West Side Condominium and Townhouse Sales

Price Range March 1st-16th March 17th-31st April 1st-14th
0 – $1,000,000 66 48 22        (-33%)
$1,000,001 – $2,000,000 40 30 9          (-22%)
$2,000,001 – up 3 0 0          (-100%)

 

 

Vancouver East Side Detached House Sales

Price Range March 1st-16th March 17th-31st April 1st-14th
0 – $1,750,000 47 36 22        (-46%)
$1,750,001 – $2,500,000 12 12 4          (-33%)
$2,500,001 – up 11 8 4          (-36%)

 

 

Vancouver East Side Condominium and Townhouse

Price Range March 1st-16th March 17th-31st April 1st-14th
0 – $800,000 74 58 24         (-32%)
$800,001 – $2,500,000 14 14 6           (-42%)
$2,500,001 – up 0 0 0           (-100%)

 

 

North Vancouver Detached House Sales

Price Range March 1st-16th March 17th-31st April 1st-14th
0 – $1,750,000 33 20 14          (-42%)
$1,750,001 – up 17 6 5            (-29%)

 

 

North Vancouver Condominium and Townhouse Sales

Price Range March 1st-16th March 17th-31st April 1st-14th
0 – $1,000,000 61 42 22          (-36%)
$1,000,001 – up 16 14 6            (-37%)

 

 

West Vancouver Detached House Sales

Price Range March 1st-16th March 17th-31st April 1st-14th
0 – $2,500,000 18 4 3           (-22%)
$2,500,001 – up 11 7 7           (-6%)

 

 

I have been a Vancouver real estate agent for 33 years and have gained a lot of knowledge on how to navigate changes in our real estate market. If you have a question please call or email me.

I will continue to give you updates as we move forward.

 

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