BCREA Chief Economist states: BC Housing Market Activity Shows Signs of Recovery in May BCREA MARKET STATISTICS

Housing Market Activity Shows Signs of Recovery in May
Jun 15, 2020

https://youtu.be/80vQe8m80Ck

 

“There were encouraging signs of recovery in May,” said BCREA Chief Economist Brendon Ogmundson. “While activity is still far below normal, both sales and listings are up significantly from April’s lows.”

New listings activity started to normalize around the first week of May, reversing a slide in total active listings. However, active listings are still down close to 24 per cent year-over-year and are more than 10,000 listings below where they would normally be in the spring months.

Year-to-date, BC residential sales dollar volume was down 6 per cent to $18.6 billion, compared with the same period in 2019. Residential unit sales were down 14.2 per cent to 24,695 units, while the average MLS® residential price was up 9.6 per cent to $753,155.

READ MORE: BCREA MARKET STATISTICS
https://www.bcrea.bc.ca/…/housing-market-activity-shows-si…/

BCREA is the professional association for about 23,000 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province’s 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients. To demonstrate the profession’s commitment to improving Quality of Life in BC communities, BCREA supports policies that help ensure economic vitality, provide housing opportunities, preserve the environment, protect property owners and build better communities with good schools and safe neighbourhoods. For detailed statistical information, contact your local real estate board. MLS® is a cooperative marketing system used only by Canada’s real estate boards to ensure maximum exposure of properties listed for sale.

#economics #statisticalrelease #realestate #BCREA
#CENTURY21 #rew #mls

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Property information

Single Story For Sale in Central Chilliwack, Chilliwack

Photo Link

•  2292 sqft , 3 bath , 3 bdrm single story FOR SALE  CAD729,900 .

This ‘One of A Kind Classy Rancher’ will Pull on Your Heartstrings! A Labour of Love….Owners have Beautifully Restored and Absolutely Transformed this 2300sf 3 Bdrm + Den 3 full bath home with EXTENSIVE MAJOR UPGRADES Inside & Out! Perfect Live & Work @ Home set up with (previous beauty business run here) You’ll Truly Appreciate the Gorgeous Yesteryear ‘Vintage Charm ‘ Perfectly Blended with Modern Finishings, Design Features, oodles of storage and cool built-ins. Great flowing floor plan and open concept, spacious rooms, elegant feature gas f/p, high ceilings, extensive wood accents and crown mouldings. NEW Gourmet ‘Country Chic’ Kitchen is an entertainers dream outfitted with awesome dbl drawer roll-out cupboards, neat barn door pantry and granite countertops. 7 access points lead to 3 Stunning Private Outdoor Spaces, meticulously landscaped with multiple decks & patios, pergolas and water feature, all on a 7500 sf Corner Lot with full front + side RV Parking, 8×12 wired shed, huge walk-in 5’ crawlspace, NEW Detached Garage with Studio Above. Extras include: u/g sprinklers, ri hot tub, water filter, heat pump

Property information