December 2021 Stats 📊
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Metro Vancouver home sales reached an all-time high in 2021 as housing needs remained a top priority for residents in the second year of the COVID-19 pandemic. A lot of which was contributed to low interest rates, increased household savings, more flexible work arrangements, and higher home prices than ever before.
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For all property types, the sales-to-active listings ratio for December 2021 is 51.3%. By property type, the ratio is 35.1% for detached homes, 75.6% for townhomes, and 60.8% for apartments.
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The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 43,999 in 2021, a 42.2% increase from the 30,944 sales recorded in 2020, a 73.6% from the 25,351 homes sold in 2019, and a 4% increase over the previous all-time sales record of 42,326 set in 2015.
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The MLS® HPI composite benchmark price for all residential properties in Metro Vancouver ends the year at $1,230,200. This is a 17.3% increase compared to December 2020.
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As always, our team works very hard to provide you with stats package that is specific to your area. Find the city you are interested in and study the stats.
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Everyone is going to experience something different with real estate depending on what price range and what city they are active in.
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We love to talk real estate. Let us know your thoughts or ask away if you have any questions
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🏙HT Realty Group
📧Admin@htrealtygroup.com
☎️ 604-785-0424
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