There were 7,092 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in April 2024. This represents a 64.7 per cent increase compared to the 4,307 properties listed in April 2023.
This was 25.8 per cent above the 10-year seasonal average (5,637).
The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 12,491, a 42.1 per cent increase compared to April 2023 (8,790).
This is 16.7 per cent above the 10-year seasonal average (10,704).
Across all detached, attached and apartment property types, the sales-to-active listings ratio for April 2024 is 23.5 per cent. By property type, the ratio is 17.6 per cent for detached homes, 31.0 per cent for attached, and 26.0 per cent for apartments.
Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
Actively listed homes for sale on the MLS® in Metro Vancouver continued climbing in April, up 42 per cent year-over-year, breaching the 12,000 mark, a number not seen in the region since the summer of 2020.
Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,831 in April 2024, a 3.3 per cent increase from the 2,741 sales recorded in April 2023. This was 12.2 per cent below the 10-year seasonal average (3,223).
Month to Month Change (December 2023 to January 2024)
I have sold a property at 310 7788 18 ST in BURNABY on Jan 24, 2024. See details here
Brand new 2 Bedroom, 2 Bathroom 812 Sq on the 3rd floor faces North, plus comes with 1 parking stall and a storage locker. EV car charging available. Centrally located in the Edmonds neighbourhood of Burnaby. Features an open-concept kitchen, dining, and living room. Includes a full S/S appliance package, front loading washer/dryer, window coverings, and a spacious balcony. Enjoy all the amenities this complex has to offer, including a fitness room, party room & guest suite. Skytrain is about an 8-minute walk away. Across the street from a brand new 2 ice rinks and Byrne Creek High school.