{"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&#8230;sales of detached homes tumble in sign of COVID-19-driven mania \u201cfinally reversing\u201d (via The Straight)"},"content":{"rendered":"<p style=\"text-align: center;\">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<p style=\"text-align: center;\">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<p style=\"text-align: center;\">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<p style=\"text-align: center;\">It&rsquo;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<p style=\"text-align: center;\">These all mean one thing for Adam Major, CEO of Zealty.ca and managing broker for the site&rsquo;s owner, Holywell Properties.&nbsp;&ldquo;This is a sign that the COVID mania driving demand for more space and a detached home in the suburbs is finally reversing,&rdquo; Major told the <em>Straight.<\/em><\/p>\n<p style=\"text-align: center;\"><em>&nbsp;<img decoding=\"async\" class=\"n3VNCb\" style=\"width: 585px; height: 329.598px; margin: 0px;\" src=\"https:\/\/www.macleans.ca\/wp-content\/uploads\/2015\/05\/May-15-house-prices.jpg\" alt=\"What would a sudden interest rate increase do to house prices? - Macleans.ca\" data-noaft=\"1\" \/><\/em><\/p>\n<h4 style=\"text-align: center;\"><a href=\"https:\/\/www.straight.com\/news\/vancouver-real-estate-sales-of-detached-homes-tumble-in-sign-of-covid-19-driven-mania-finally\">For More Information: CLICK HERE<em><br \/><\/em><\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>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. &hellip;<\/p>\n","protected":false},"author":2,"featured_media":2398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-1405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-leisure"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/comments?post=1405"}],"version-history":[{"count":1,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1405\/revisions"}],"predecessor-version":[{"id":3173,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1405\/revisions\/3173"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media\/2398"}],"wp:attachment":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media?parent=1405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/categories?post=1405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/tags?post=1405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}