JUNE 2020 MARKET UPDATE

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We’re off to another memorable year in real estate!   Social distanced showings, live streaming, FaceTime tours, and increased online photos and videos are some of the changes we have made to adapt to the new times. Despite all the events going on in the world, our local real estate market remains to be strong.  The volume of sales is down compared to previous years, as many buyers and sellers have decided to hold off and wait.  However, prices remain to be high for a lot of the properties we’re selling simply because there aren’t enough of them available.   Over the last few weeks we have run into multiple offers and sales over the listed price on a number of occasions.

If you’re thinking of selling, it may be a great time.  Particularly if you’re upsizing to a higher price point that is less active, or if you’re relocating to a slower market with more buying opportunities.  Over the last few weeks we have had some great success selling condos and townhouses, and in some cases at record prices!

– James

Listen to our latest Podcast: Market Update – Buy, Sell or Wait

Check out the MAY 2020 REAL ESTATE BOARD OF GREATER VANCOUVER MARKET STATS!