January 2024 Real Estate Market Update for Greater Vancouver
Written by Caroline Yuen on February 3, 2024.
The Real Estate Board of Greater Vancouver (REBGV) has announced that there were 1,427 residential sales in the area in January 2024, marking a 38.5 percent rise from the 1,030 sales documented in January 2023. However, this figure was 20.2 percent lower than the 10-year seasonal average of 1,788 sales.
In January 2024, Metro Vancouver saw 3,788 detached, attached, and apartment properties listed for sale on the Multiple Listing Service® (MLS®), a 14.5 percent increase from the 3,308 properties listed in January 2023, yet 9.1 percent below the 10-year seasonal average of 4,166.
The current total of properties listed for sale on the MLS® system in Metro Vancouver stands at 8,633, showing a 9.8 percent rise from January 2023’s figure of 7,862, which is slightly 0.3 percent under the 10-year seasonal average of 8,657.
For January 2024, the sales-to-active listings ratio across all property types — detached, attached, and apartments — is 17.2 percent. Breaking it down by property type, detached homes have a ratio of 11.9 percent, attached properties are at 22.9 percent, and apartments are at 19.9 percent.
“Our 2024 forecast is calling for a two to three per cent increase in prices by the end of the year, which is largely the result of demand, once again, butting up against too little inventory,” Lis said.
Andrew Lis, REBGV director of economics and data analytics
“If the January figures are indicative of what the spring market has in store, our forecast may already be off to an overly conservative start. Markets can shift quickly, however, and we’ll watch the February numbers to see if these early signs of strength continue, or whether they’re a blip in the data.”
In January 2024, there were 379 sales of detached homes, showing a 28 percent rise from the 296 sales recorded in January 2023. The benchmark price for detached homes stood at $1,942,400, indicating a 7.3 percent increase over January 2023 and a 1.1 percent drop from December 2023.
Apartment home sales amounted to 746 in January 2024, up 30.6 percent from 571 sales in January 2023. The benchmark price for an apartment home was $751,900, marking a 4.4 percent increase from January 2023 and a slight 0.1 percent increase from December 2023.
The sales of attached homes reached 285 in January 2024, which is an 82.7 percent surge from the 156 sales in January 2023. The benchmark price for a townhouse was $1,066,700, reflecting a 4.3 percent rise from January 2023 and a 0.6 percent decline from December 2023.
Data sourced from https://www.rebgv.org/
2024年1月市场动态
大温哥华住房市场的房屋销售在2024年强劲开局!
大温哥华地产局(REBGV)宣布，2024年1月该地区的住宅销售量达到1,427宗，较2023年1月的1,030宗销售量上升了38.5%。然而，这个数字比10年季节平均销售量1,788宗低了20.2%。
2024年1月，独立屋销售量达到379宗，比2023年1月的296宗销售量上涨了28%。独立屋的基准价格为$1,942,400，较2023年1月上涨了7.3%，而与2023年12月相比下降了1.1%。
公寓销售量在2024年1月达到746宗，比2023年1月的571宗上涨了30.6%。公寓的基准价格为$751,900，较2023年1月上涨了4.4%，与2023年12月相比轻微上涨了0.1%。
2024年1月，连排屋销售量达到285宗，比2023年1月的156宗激增了82.7%。连排屋的基准价格为$1,066,700，较2023年1月上涨了4.3%，而与2023年12月相比下降了0.6%。
数据来源于 https://www.rebgv.org/
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