Summary: The median sold price of detached homes in Metro Vancouver dropped 3% from pre-COVID (Jan 1 – Mar 15) to post-COVID (Mar 16 – May 31); but increased by 0.3% since April A decline in median assessed value and average size of detached homes from pre- to post COVID suggests buyers’ are showing a […]
The Greater Seattle Area has experienced one of the largest COVID-19 real estate market slow-downs in the US. Under contract listings reached their lowest-point on April 2, down 49% from pre-COVID levels. As of May 5, that number had increased by 56% from April 29 levels, which was 7% above pre-COVID levels. Median prices were […]
Southern California has experienced one of the largest COVID-19 real estate market slow-downs in the US. Sales of existing, single-family homes in April dropped 37.4% YoY. Median prices were mostly unchanged or became slightly higher in April compared to the same period last year. Realtors have begun adjusting the new COVID reality by figuring out […]
San Francisco’s Bay Area has experienced one of the largest COVID-19 real estate market slow-downs in the US. Sales of existing, single-family homes in April dropped 37.4% YoY. Median prices were mostly unchanged or became slightly higher in April compared to the same period last year. Realtors have begun adjusting the new COVID reality by […]
COVID-19 forced up to 10% drop in Median Sale Price of Detached Homes in Greater Vancouver, according to a new data report by Roomvu and UBC Economist, Tom Davidoff Vancouver, BC, Canada – May 27, 2020 — The current COVID-19 COVID-19 hit Greater Vancouver’s real estate market hard, with sales activity virtually disappearing overnight starting […]
New York has experienced one of the largest COVID-19 real estate market slow-downs in the US. Under contract listings reached their lowest-point on April 12, down 49% from pre-COVID levels. As of May 5, that number had increased by 30% from April 12 levels, but was still 29% below pre-COVID levels. Median prices were mostly […]
COVID-19 forced a drop in sales for Greater Vancouver condos, according to a new data report by Roomvu and UBC Economist. Vancouver, BC, Canada – May 21, 2020 — The current COVID-19 pandemic hit Greater Vancouver’s real estate market hard, with sales activity virtually disappearing overnight starting in mid-March. The slow sales activity is a […]
Prior to the COVID-19 outbreak, only 24% of residential listings used links to virtual tours. After the pandemic’s initial impact 43% of listings relied on the use of virtual tours — and that number continues to grow. KEY FINDINGS: Pre-COVID-19, 24% of listings linked to some kind of virtual tour, this jumped to 43% after […]
Key Takeaways Many experts say there is cause for optimism in the real estate market once the COVID-19 pandemic subsides. Some of the factors experts point to are: Strong financial foundation for current housing market thanks to changes made after the 2008 recession Americans cashed out $824 billion in home equity in the three years […]
Research found that homes with virtual tours can sell faster and at higher prices Key Findings Only 17% of the market was proactively using virtual tours and videos in 2019 43% of homes still provide less than 20 photos; 14% provided less than 10 in 2019 Houses for sale featuring digital tours tended to sell […]
