Greater Vancouver sees surge in detached House sales in February, Costs Level

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The bureau’s latest statistics demonstrated February home sales up almost 45 percent in precisely the same month this past year, although still 15.6 percent beneath the 10-year average.

The number of houses recently recorded last month grew up 2.8 percent from February 2019. However, the entire amount of homes available on the market had been down more than 20 percent in precisely the same month this past year.

The spike in revenue was led by enhanced action from the detached residence section, with sales soaring nearly 53 percent over February 2019.
The grade cost throughout the area to get a detached house was $1.43 million in February, down 0.7 percent up and down 0.2 percent from January.

Greater Vancouver sees surge in detached home sales in February, prices flat

Costs varied significantly throughout the area. Whistler (15.7 percent ) and Squamish (10.1 percent ), North Vancouver (3 percent ), and Port Coquitlam (2.4 percent ) saw noticeable cost increase year-over-year.

Detached houses in a place other areas of the area found declines, directed by Bowen Island (8.4 percent ) that the Sunshine Coast (7.8 percent ), Tsawwassen (4.5 percent ), and South Burnaby (4.2 percent ).

Condo sales were strong across the area, up 39.8 percent over February 2019. The benchmark cost for a flat region-wide has been 677,200up 0.9 percent, and 2.1 percent from January.

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