{"id":1517,"date":"2020-12-09T10:00:00","date_gmt":"2020-12-09T18:00:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/realtor-mary-hill-citadel-rod-and-rhea-hayes-ryan-real-estate-neighbourhood-real-estate-royal-lepage-sterling-active-listing-sellers-market-covid-price-increase-stand-alone-single-family-average-prici\/"},"modified":"2026-04-09T09:49:02","modified_gmt":"2026-04-09T16:49:02","slug":"realtor-mary-hill-citadel-rod-and-rhea-hayes-ryan-real-estate-neighbourhood-real-estate-royal-lepage-sterling-active-listing-sellers-market-covid-price-increase-stand-alone-single-family-average-prici","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/realtor-mary-hill-citadel-rod-and-rhea-hayes-ryan-real-estate-neighbourhood-real-estate-royal-lepage-sterling-active-listing-sellers-market-covid-price-increase-stand-alone-single-family-average-prici\/","title":{"rendered":"Metro Vancouver, Fraser Valley remain a sellers&#8217; markets, say real estate groups (via CBC)"},"content":{"rendered":"<h2 class=\"deck\" style=\"text-align: center;\">High demand, strong sales volume continue to drive up property prices in both regions<\/h2>\n<p style=\"text-align: center;\">ousing sales in&nbsp;Metro Vancouver fell almost 17 per cent in November compared to the previous month, according to the Real Estate Board of Greater&nbsp;Vancouver.<\/p>\n<p style=\"text-align: center;\">But the industry group says as trends go, demand remains high, making it a sellers&#8217;&nbsp;market. REBGV&#8217;s&nbsp;monthly tally shows&nbsp;3,064 homes sold last month across the region, compared to 3,687 in October 2020.<\/p>\n<p style=\"text-align: center;\">Compared to November 2019, sales were up 22.7 per cent.<\/p>\n<p style=\"text-align: center;\">Colette Gerber, REBGV chair, says demand from buyers has been at &#8220;near record levels&#8221; since the summer. &#8220;This is putting upward pressure on home prices, particularly in our detached and townhome markets,&#8221; she said.&nbsp; The Sunshine Coast showed the largest increase in year-over-year sales according to the data, with Squamish and the Gulf Islands not far behind. &#8220;The rise of work-from-home arrangements and physical distancing policies is causing some home buyers to opt for less densified areas,&#8221; said Gerber.<\/p>\n<p style=\"text-align: center;\">The total number of Metro Vancouver homes currently listed for sale is 11,118, representing a 10&nbsp;per cent decrease from October 2020.&nbsp;<\/p>\n<p style=\"text-align: center;\">Gerber says the current market favours sellers because demand is outstripping&nbsp;supply. The Multi Listing Service home price index composite benchmark price for all residential properties in Metro Vancouver &mdash; detached homes, townhomes and apartments &mdash; is $1,044,000, a 5.8 per cent increase year-over-year and a 0.1 per cent decrease compared to October 2020.&nbsp;<\/p>\n<p style=\"text-align: center;\">Benchmark prices in each of the three categories are:<\/p>\n<ul>\n<li style=\"text-align: center;\">Detached home:&nbsp;$1,538,900<\/li>\n<li style=\"text-align: center;\">Attached home:&nbsp;$814,800<\/li>\n<li style=\"text-align: center;\">Apartment:&nbsp;$676,500<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h5 style=\"text-align: center;\"><a href=\"https:\/\/www.cbc.ca\/news\/canada\/british-columbia\/metro-vancouver-real-estate-november-2020-sellers-market-1.5824996\">For More Information: CLICK HERE<\/a><\/h5>\n","protected":false},"excerpt":{"rendered":"<p>High demand, strong sales volume continue to drive up property prices in both regions ousing sales in&nbsp;Metro Vancouver fell almost 17 per cent in November compared &hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[4],"class_list":["post-1517","post","type-post","status-publish","format-standard","hentry","category-leisure","tag-sunshine-valley"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1517","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=1517"}],"version-history":[{"count":1,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1517\/revisions"}],"predecessor-version":[{"id":3254,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1517\/revisions\/3254"}],"wp:attachment":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media?parent=1517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/categories?post=1517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/tags?post=1517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}