The Residences on Georgia – One Bedroom Suite
#2407-1288 West Georgia, Vancouver $658,000 – SOLD
Residences on Georgia
Large picture windows
Task lighting over counter
Pass-thru to dining room
locker #397 P5 level
24 Hour concierge
View of English Bay
Parking #225 P3 Level
Latest Stats Report for: Metro Vancouver
Latest Stats Report for: Vancouver East
Latest Stats Report for: Vancouver West
Latest Stats Report for: Richmond
Latest Stats Report for: Burnaby North
Latest Stats Report for: Burnaby South
Latest Stats Report for: Whistler
March home sales and new listings set records
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 5,708 in March 2021, a 126.1 per cent increase from the 2,524 sales recorded in March 2020, and a 53.2 per cent increase from the 3,727 homes sold in February 2021.
Last month’s sales were 72.2 per cent above the 10-year March sales average and is the highest monthly sales total ever recorded in the region.
In March, residents bought and listed homes across our region at levels not seen before,” Taylor Biggar, REBGV Chair said. “This surge in activity is increasing upward pressure on prices. We’re beginning to see double-digit price gains for single-family homes and townhomes over the last 12 months.”
Demand was most pronounced in rural and suburban areas. This was followed by Whistler, which experienced a 194.7 per cent increase, and Squamish, which saw a 188.6 per cent increase in sales.
“While we did see a record number of listings enter the market last month, the demand in today’s market isn’t allowing that new supply to accumulate. As a result, the overall inventory of homes for sale decreased compared to last year,” said Biggar.
“Today’s activity can be attributed, in part, to an economy that’s recovering, historically low interest rates, high demand for space, and increased household savings,” Biggar said.