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STILHAVN REAL ESTATE SERVICES

THE STILHAVN REPORT • STILHAVN .COM

THE MARKET

Cherry trees have started to bloom early this year in Metro Vancouver, marking the unofficial start of spring and a traditionally busy season for real estate. With more properties hitting the market, there was a wider selection of homes to choose from for prospective buyers. The number of Metro Vancouver 1 homes listed for sale on the MLS® in March rose nearly 23 per cent year-over-year, providing more opportunity for buyers looking for a home this spring. “Despite the welcome increase in inventory, the overall market balance continues inching deeper into sellers’ market territory, which suggests demand remains strong for well-priced and well-located properties.” – Andrew Lis, GVR director of economics and data analytics.

All market stats throughout this report are courtesy of Greater Vancouver REALTORS®. ^Areas covered by Greater Vancouver REALTORS® include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.