M city 5 condos price list. The trend of de-centralization is obvious! Yesterday, the Greater Wonderland property Bureau of BC, Canada released its real estate sales data for December 2020, which summarized the real estate market in Greater Vancouver in 2020.Please Visit: M city 5 condos price list to Get Your VVIP Registration Today!
The Greater Wendy property Bureau recorded a total of 30944 residential transactions in 2020, an increase of 22.1 per cent from 25351 in 2019, 25.7 per cent from 24619 in 2018 and just 2.8 per cent below the average sales over the past decade.
At the end of 2020, the comprehensive price index of all types of housing in the Greater Vancouver area was $1.0474 million, an increase of 5.4% over December 2019. Among them, the apartment price index increased by 2.6%, the urban housing price index increased by 4.9%, and the independent house price index increased by 10.2%.
Colette Gerber, chairman of the Greater Wendy property Bureau, said: “when the epidemic broke out in March this year, the real estate market almost stopped, but the demand for housing did not disappear during the crisis, but increased. The real estate industry worked closely with health departments and regulators in the spring, and the implementation of new industry standards under the epidemic ensured that real estate agents could help residents meet their housing needs. ”
Colette Gerber went on to say that after people adapted to the COVID-19 epidemic, local buyers and sellers maintained a steady pace in the autumn and winter. Changes in housing demand and extremely low interest rates are the main drivers of market transactions in 2020, while housing supply in 2021 will determine the trend of housing prices.
A total of 3093 homes were sold in Dawen in December 2020, up 0.9 per cent from November but up 53.4 per cent from December 2019. Compared with the average sales in December of the past decade, December 2020 reached the highest level in the last decade, 57.7% higher than the average.
December is usually the quietest month for real estate sales due to the Christmas and New year holidays, but the strong sales momentum in December 2020 is well above the long-term average, Colette Gerber said. This is largely due to the pandemic, which caused the market to follow an unusual seasonal pattern last year.
According to the type of houses sold, 1026 independent houses (House) were sold in December 2020, up 71.3 per cent from the same period in 2019; city houses (Townhouse) sold 593 units, up 62.9 per cent from the same period the year before; and apartments (Condo/Apartment) sold 1474 units, up 40 per cent from the same period the year before.
It should be pointed out that while home sales in the warm area are on the rise, the number of listings is falling sharply. In December 2020, the total number of listings on the MLS system in Dawen area was 8538, down 23.2% from the previous 11118 in November, and falling below the stock mark of 10,000 units. The decline in the number of new listings and the sharp drop in stock have also caused the composite sales-to-link ratio of homes to reach last year’s highest point in December, even surpassing the peak of the warm real estate market three years ago.
According to the type of housing, the sale-to-link ratio of independent houses is 35.2%, that of urban houses is 50.4%, and that of apartments is 33.1%. The sales-to-link ratio of two low-density houses, independent houses and urban houses, has exceeded that of the hottest market three years ago, and there is a lot of upward pressure on prices.