Buyer confidence is back and the market is picking up!
We are coming off a very interesting and abnormal year in Greater Vancouver Real Estate. Last year started off very slow! In March the headlines read ‘Vancouver home sales hit 33 year low!’ However, as the year progressed, buyer activity increased. July was the turning point where sales started outperforming the previous year and we finished the year off very strong with home sales in December up 88% compared to 2019 and above the 10 year average.
We expect a busy year ahead, particularly for condos and townhouses where the more affordable price points have a higher demand. It’s early in the year, but so far we have experienced more multiple offers and quicker sales.
What does this mean for Victoria Hill?
It’s a great time to upsize! If you have been considering moving up to a townhouse or house, this is the time, as the gap in prices has narrowed. If you are thinking of making a move this year, we would love the opportunity to meet with you, answer all of your questions and help you make an informed decision.
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Contact us to see what your home is worth today!