Condos continue to lead demand in Metro Vancouver Home Sales in January
Overall sales were 7.1 percent above the ten year average for January. Condo sales were up 31.6 percent and attached home sales were up 14.3 percent over the same period. Single homes in stark contrast to Condo and attached sales were down 24.8 percent from the ten year average.
People upsizing from a condo or attached home will be able to demand top dollar for their current home while more balanced conditions in the Single Home market will allow for more selection and price negotiation.
The bench mark price of condos and attached homes has increased 27.4 percent and 17.5 percent respectively over the last year and single homes have increased 8.3 percent over the same time period.
For more detailed information on your sub area of choice please feel free to contact me and I am happy to answer any questions you may have.