Welcome to 2021 and best wishes for your year ahead!
Thanks for taking the time to look at my monthly real estate update for South Delta and the Real Estate Board of Greater Vancouver (REBGV).
Here is a link to the complete set of charts and graphs – it may be useful to refer to them as you read through this piece!
Here are links to the Real Estate Board of Greater Vancouver
Here are links to the BC Real Estate Association for a province wide update.
Strong December activity brought Metro Vancouver’s* 2020 home sales total in line with the region’s long-term annual average.
“After adapting to the COVID-19 environment, local home buyer demand and seller supply returned at a steady pace throughout the summer, fall and winter seasons,” Colette Gerber, REBGV Chair said. “Shifting housing needs and low interest rates were key drivers of this activity in 2020. Looking ahead, the supply of homes for sale will be a critical factor in determining home price trends in 2021.”
Locally
Ladner detached sales (19) were the highest for at least the last 25 years with year end listings (47) at the lowest level since 2014.
Tsawwassen detached sales (39) exceeded even the 35 in December 2015 and the year end listings were lower compared to the past 2 years but still pretty high compared to historical levels.
South Delta townhome sales (30) were even higher than the year end listings (21) but the preponderance of current new product offerings is altering the significance of historical comparisons.
Local apartment sales have been steady, but a healthy supply has kept the prices fairly soft.
The coming year will be an interesting and likely busy one, especially as homeowners add ‘adjusting to the new normal’ to their list of reasons to relocate!
Call me to bring professional and experienced ‘added value’ to your real estate needs.
call/text: 604.603.8538
or email: dbauck@deanbauck.com
