{"id":112,"date":"2020-07-05T02:41:10","date_gmt":"2020-07-05T06:41:10","guid":{"rendered":"https:\/\/www.exponentialrealty.ca\/blog\/?p=112"},"modified":"2020-07-05T02:41:10","modified_gmt":"2020-07-05T06:41:10","slug":"june-2020-real-estate-stats-comments","status":"publish","type":"post","link":"https:\/\/www.exponentialrealty.ca\/blog\/june-2020-real-estate-stats-comments\/","title":{"rendered":"June 2020 Real Estate stats\/comments"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Hello friends,It’s July 2020! As usual, please find my very brief summary of the latest June 2020 statistics from the Real Estate Board of Greater Vancouver.<\/p>\n\n\n\n


Sales<\/strong>: 17.6% increase in June 2019, and a 64.5% increase in May 2020.Last month\u2019s sales were\u00a021.9 per cent below the 10-year June sales average.<\/p>\n\n\n\n

Inventories<\/strong>:\u00a023.7%\u00a0decrease compared to June 2019 (14,968) and a 15.1 % increase compared to May 2020 (9,927).<\/p>\n\n\n\n

Price<\/strong>:\u00a0Benchmark price for all residential properties in Metro Vancouver is currently $1,025,300.\u00a03.5% \u00a0increase over June 2019 and a 0.3%\u00a0decrease compared to May 2020.<\/p>\n\n\n\n

My comments<\/strong>: The average home price has remained steady in the past several months. With the increasing demand, I start to see multiple offers for properties in both attached and detached homes. Many new listings were sold in less than 2 weeks. Today’s market is still in favor of the buyers considering the average price is still relatively low compared to a few years ago. For investors with a budget under $600k, I recommend studio\/1 bedroom units in downtown. The average rent in a normal market is around $1800-$2200. In today’s market, it will take a while to find a good tenant but the sold price for studio units has dropped quite a bit compared to a year ago.\u00a0
FYI some downtown properties under$550k sold in the past 30 days: https:\/\/bcres.paragonrels.com\/publink\/default.aspx?GUID=bea5a2c0-6b15-4f6e-b3a4-c5346269310b&Report=Yes<\/a><\/p>\n\n\n\n

Question for the green fingers out there: Does anyone know the name\/breed of the flowers in the picture? I have been looking for this everywhere and can’t find it in nurseries.<\/p>\n\n\n\n

Stay safe and enjoy the summer!<\/p>\n\n\n\n

Sheron<\/p>\n","protected":false},"excerpt":{"rendered":"

Hello friends,It’s July 2020! As usual, please find my very brief summary of the latest June 2020 statistics from the Real Estate Board of Greater Vancouver. Sales: 17.6% increase in …<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/112"}],"collection":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/comments?post=112"}],"version-history":[{"count":4,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/112\/revisions"}],"predecessor-version":[{"id":145,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/112\/revisions\/145"}],"wp:attachment":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/media?parent=112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/categories?post=112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/tags?post=112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}