{"id":1405,"date":"2021-08-05T09:30:00","date_gmt":"2021-08-05T16:30:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/rod-rhea-ryan-hayes-neighbourhood-mary-hill-citadel-poco-port-coquitlam-detached-stand-alone-family-realtor-royal-lepage-sterling-cooling-market-reduction-price-ensuite-bedrooms-price-sales-tumble-1\/"},"modified":"2026-04-08T09:24:09","modified_gmt":"2026-04-08T16:24:09","slug":"rod-rhea-ryan-hayes-neighbourhood-mary-hill-citadel-poco-port-coquitlam-detached-stand-alone-family-realtor-royal-lepage-sterling-cooling-market-reduction-price-ensuite-bedrooms-price-sales-tumble-1","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/rod-rhea-ryan-hayes-neighbourhood-mary-hill-citadel-poco-port-coquitlam-detached-stand-alone-family-realtor-royal-lepage-sterling-cooling-market-reduction-price-ensuite-bedrooms-price-sales-tumble-1\/","title":{"rendered":"Vancouver…sales of detached homes tumble in sign of COVID-19-driven mania \u201cfinally reversing\u201d (via The Straight)"},"content":{"rendered":"

Real estate boards in the Lower Mainland are expected to release their latest monthly reports soon. By all indications, markets marked another slowdown in July 2021.<\/p>\n

The decline is most pronounced in detached homes, which attracted premium prices at the height of COVID-19 as buyers wanted bigger spaces to ride out the pandemic. Numbers crunched by real-estate site Zealty.ca indicate that 1,041 single-family homes were sold in markets served by the Real Estate Board of Greater Vancouver (REBGV) in July 2021. The number represents an 18 percent month-over-month decline from June 2021, and a 7.4 percent drop compared to July 2020.<\/p>\n

The same picture emerges for the markets served by the Fraser Valley Real Estate Board (FVREB). In July 2021, realtors in this region sold a total of 831 detached homes. The sales represent a 12.7 percent decline from June 2021, and a 13.7 drop compared to July 2020.<\/p>\n

It’s the same story for the Chilliwack and Region Real Estate Board (CADREB). In July 2021, a total of 171 detached homes were sold in the region. The number marks a 27.8 percent drop from June 2021, and a 16.2 slide from July 2020.<\/p>\n

These all mean one thing for Adam Major, CEO of Zealty.ca and managing broker for the site’s owner, Holywell Properties. “This is a sign that the COVID mania driving demand for more space and a detached home in the suburbs is finally reversing,” Major told the Straight.<\/em><\/p>\n

 \"What<\/em><\/p>\n

For More Information: CLICK HERE
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Real estate boards in the Lower Mainland are expected to release their latest monthly reports soon. By all indications, markets marked another slowdown in July 2021. …<\/p>\n","protected":false},"author":2,"featured_media":2398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t