REAL ESTATE MARKET UPDATE–APRIL 2020 | AWA Real Estate Group

Dated: May 8 2020

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Stable Prices Despite Less Transaction

April 2020 Real Estate Market Update has been expected by many to see how the market acted in this special COVID-19 outbreak period.

As expected sales and listing have substantially gone down, however over prices kept its earlier position with a small increase over March 2020. (+0.2%)

Total number of listed properties have slightly decreased in April, compared to March 2020 (-2.3%)

The overall sales of the properties went down substantially, which reflected to each category ina similar percentage (-39% vs. last April and -56% vs March 2020)

This month’s sales level is the lowest April sales since 1982, as a result of the extreme measures to fight the COVID-19 pandemic.

The government of BC has announced the “BC’s Restart Plan” on May 6th, which advise a controlled opening of the economy. Again, the BC Government has listed the real estate among the ESSENTIAL services, which means that we will continue to offer services to meet the housing and shelter needs of the community.

These are expected to help the real estate market moving towards the industry’s pre-pandemic positive state, where the sales were on the rise over the last years and months.

AWA Real Estate Group will be open and operational during this period. Please read our BLOG POST for the frequently asked questions and our services update. Although the open house activities are now on hold, showings are done by appointment base or virtually.
Please CONTACT US for details.

Follow us on social platforms to get updated information, market analysis, market facts and figures, new listings, investment tips and many more.

Stay Home, Stay Safe!

AWA Real Estate Group

info@awarealestate.com
Call Us at 778.893.8366 or 604.716.9933
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AWA Real Estate Group

Buying or selling a home is one of the most important decisions anyone can ever make; you will want AWA Real Estate Group by your side. The AWA Real Estate Group Advantage! At AWA Real Estate Group, w....

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