Real Estate Market Update – April 2020

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Stable Prices Despite Less Transaction

April 2020 Real Estate Market Update has been expected by many to see how the market acted in this special COVID-19 outbreak period.

As expected sales and listing have substantially gone down, however over prices kept its earlier position with a small increase over March 2020. (+0.2%)

Total number of listed properties have slightly decreased in April, compared to March 2020 (-2.3%)

The overall sales of the properties went down substantially, which reflected to each category ina similar percentage (-39% vs. last April and -56% vs March 2020)

This month’s sales level is the lowest April sales since 1982, as a result of the extreme measures to fight the COVID-19 pandemic.

The government of BC has announced the “BC’s Restart Plan” on May 6th, which advise a controlled opening of the economy. Again, the BC Government has listed the real estate among the ESSENTIAL services, which means that we will continue to offer services to meet the housing and shelter needs of the community.

These are expected to help the real estate market moving towards the industry’s pre-pandemic positive state, where the sales were on the rise over the last years and months.

JOVI offices will be open and operational during this period. Please read our BLOG POST for the frequently asked questions and our services update. Although the open house activities are now on hold, showings are done by appointment base or virtually.
Please CONTACT JOVI AGENTS for details.

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Jovi Realty

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You may find the City performance Statistics in detail for each category below:

Vancouver East Real estate market Update April 2020

Vancouver West Real estate market Update April 2020

North Vancouver Real estate market Update April 2020

West Vancouver Real estate market Update April 2020

Burnaby South Real estate market Update April 2020

Burnaby East Real estate market Update April 2020

Burnaby North Real estate market Update April 2020

Port Moody Real estate market Update April 2020

Port Moody Real estate market Update April 2020

Port Coquitlam Real estate market Update April 2020

New Westminister Real estate market Update April 2020

Surrey Central Real estate market Update April 2020

Surrey cloverdale Real estate market Update April 2020

Surrey North Real estate market Update April 2020

Pitt Meadows Real estate market Update April 2020

Real estate market Update April 2020 Tsawassen

Real estate market Update April 2020 Ladner