{"id":281,"date":"2021-02-04T17:05:22","date_gmt":"2021-02-04T22:05:22","guid":{"rendered":"https:\/\/www.filerwelch.com\/blog\/?p=281"},"modified":"2021-02-04T17:45:35","modified_gmt":"2021-02-04T22:45:35","slug":"market-highlights-january-2021","status":"publish","type":"post","link":"https:\/\/www.filerwelch.com\/blog\/market-highlights-january-2021\/","title":{"rendered":"Market Highlights January 2021."},"content":{"rendered":"

Hello again and welcome, today we take a look at the Market Highlights January 2021 which has just been released by the Real Estate Board of Greater Vancouver.<\/p>\n

The main points of note for this months data package are severalfold.<\/p>\n

Firstly, we saw a reduction in overall inventory and an increase in buyer volume which is now causing hotter pricing to creep in to the broader real estate market. Sale volumes are outpacing the supply of homes for sale and this doesn’t take long to start impacting price points for existing real estate for sale.<\/p>\n

Sales increased by over 52% from a year over year monthly basis with total sales totalling just under 2400 homes in the month of January. Another point of note was\u00a0last months sales were around 36% above the 10-year sales average for January as a whole.<\/p>\n

We expect the amount of new listings entering the market to increase marginally to respond to this pricing reality. We think this will come in a steady manner with more listings coming on specifically as the COVID-19 vaccine rollout and the spring market unfolds.<\/p>\n

Sales to active listings ratio for January 2021 is hovering around 29%. The breakdown of this figure is 38% for townhomes, 26% for detached homes and 28% per cent for apartments. The commonly held position by the analysts with the real estate board is pricing typically falls when the ratio drops below 12% for a sustained time. Whereas property values will typically experience higher prices when having a ratio surpass 20% over several months.<\/p>\n

 <\/p>\n

Another note that we found of particular interest was the January 2021 stat of a near 70% increase in sales of single detached homes.<\/strong> This being compared to the previous January 2020 numbers. Sales of condominiums approached almost a 50% increase in year over year sales for the month of January and townhomes saw a 43% increase.<\/p>\n

For the specifics of the data report by the Real Estate Board of Greater Vancouver see here:http:\/\/members.rebgv.org\/news\/REBGV-Stats-Pkg-January-2021.pdf?_cldee=YmF4dGVyQHZhbmNvdXZlcmx1eHVyeXJlYWx0eS5jb20%3d&recipientid=contact-6df320a10a77e811a95b000d3af49211-ffab7dc03fc748d0892cc402d8d59c22&utm_source=ClickDimensions&utm_medium=email&utm_campaign=Newsflash&esid=db65eb6e-ba61-eb11-a812-000d3a09d9a4<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

We will continue to keep our clients apprised of any changes to market trends and data as more information becomes available! Stay posted for more real estate news which can always be found in our blog page at www.filerhttps:\/\/www.filerwelch.com\/blog\/<\/a><\/p>\n

As always, give us a shout if you have any questions and thanks for reading Market Highlights January 2021.<\/p>\n

Take a look also on our MLS search linked here FilerWelch.com \/ MLS Search<\/a> to see real time market listings!<\/p>\n

Have questions? Drop us a line anytime below!<\/div>\n
Listing your property for rent –\u00a0 https:\/\/www.filerwelch.com\/rent_with_us<\/a><\/div>\n
Listing your property for rent. –\u00a0 https:\/\/www.instagram.com\/filer_welch_realestate\/<\/a><\/div>\n

Lastly, let us know if there might be some interest in bringing a vlog\/podcast to the group channel! We are considering a host of ways to bring new content for our followers. We are keen to encourage conversations from any of our posts or listings that help forward the discussion. Knowing that our followers are looking for content helps us adjust our focus.<\/p>\n

Drop us a line anytime at 604.209.0081 or email us at team@filerwelch.com!<\/p>\n

Market Highlights January 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hello again and welcome, today we take a look at the Market Highlights January 2021 which has just been released by the Real Estate Board of Greater Vancouver. The main … [read more<\/a>]<\/p>\n","protected":false},"author":2,"featured_media":270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,9,1],"tags":[21,7,23,12],"class_list":["post-281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-instagram-feed","category-real-estate-info","category-real-estate-news","tag-market-changes","tag-real-estate","tag-real-estate-news","tag-real-estate-stats"],"yoast_head":"\nMarket Highlights January 2021. - Filer & Welch Metro Vancouver Blog<\/title>\n<meta name=\"description\" content=\"Market Highlights January 2021. We dive in and take a look at the latest data that was reported by the Real Estate Board of Greater Vancouver\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.filerwelch.com\/blog\/market-highlights-january-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Highlights January 2021. - Filer & Welch Metro Vancouver Blog\" \/>\n<meta property=\"og:description\" content=\"Market Highlights January 2021. We dive in and take a look at the latest data that was reported by the Real Estate Board of Greater Vancouver\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.filerwelch.com\/blog\/market-highlights-january-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Filer & Welch Metro Vancouver Blog\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/FILERWELCH\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-04T22:05:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-04T22:45:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.filerwelch.com\/blog\/wp-content\/uploads\/2021\/01\/unnamed-8.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Baxter Welch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Baxter Welch\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/market-highlights-january-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/market-highlights-january-2021\\\/\"},\"author\":{\"name\":\"Baxter Welch\",\"@id\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/#\\\/schema\\\/person\\\/a7733eef4a706681436c99580227ce24\"},\"headline\":\"Market Highlights January 2021.\",\"datePublished\":\"2021-02-04T22:05:22+00:00\",\"dateModified\":\"2021-02-04T22:45:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/market-highlights-january-2021\\\/\"},\"wordCount\":577,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/market-highlights-january-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/unnamed-8.jpg\",\"keywords\":[\"Market changes\",\"Real Estate\",\"Real Estate News\",\"Real Estate Stats\"],\"articleSection\":[\"Instagram Feed\",\"REAL ESTATE INFO\",\"Real Estate News\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/market-highlights-january-2021\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/market-highlights-january-2021\\\/\",\"url\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/market-highlights-january-2021\\\/\",\"name\":\"Market Highlights January 2021. - Filer & Welch Metro Vancouver Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/market-highlights-january-2021\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/market-highlights-january-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/unnamed-8.jpg\",\"datePublished\":\"2021-02-04T22:05:22+00:00\",\"dateModified\":\"2021-02-04T22:45:35+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/#\\\/schema\\\/person\\\/a7733eef4a706681436c99580227ce24\"},\"description\":\"Market Highlights January 2021. We dive in and take a look at the latest data that was reported by the Real Estate Board of Greater Vancouver\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/market-highlights-january-2021\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/market-highlights-january-2021\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/market-highlights-january-2021\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/unnamed-8.jpg\",\"contentUrl\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/unnamed-8.jpg\",\"width\":600,\"height\":300,\"caption\":\"Market Highlights January 2021.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/market-highlights-january-2021\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Market Highlights January 2021.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/\",\"name\":\"Filer & Welch Metro Vancouver Blog\",\"description\":\"Filer&Welch Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/#\\\/schema\\\/person\\\/a7733eef4a706681436c99580227ce24\",\"name\":\"Baxter Welch\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d30ef17b1db3a9152d1fca1ea61377b3c4741af50427562f354c1bf5b2358f21?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d30ef17b1db3a9152d1fca1ea61377b3c4741af50427562f354c1bf5b2358f21?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d30ef17b1db3a9152d1fca1ea61377b3c4741af50427562f354c1bf5b2358f21?s=96&d=mm&r=g\",\"caption\":\"Baxter Welch\"},\"sameAs\":[\"http:\\\/\\\/www.filerwelch.com\",\"https:\\\/\\\/www.facebook.com\\\/FILERWELCH\\\/\",\"https:\\\/\\\/www.instagram.com\\\/filer_welch_realestate\\\/?hl=en\",\"https:\\\/\\\/www.linkedin.com\\\/in\\\/baxter-welch-48445b90\\\/\"],\"url\":\"https:\\\/\\\/www.filerwelch.com\\\/blog\\\/author\\\/baxter-welch\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Market Highlights January 2021. - Filer & Welch Metro Vancouver Blog","description":"Market Highlights January 2021. We dive in and take a look at the latest data that was reported by the Real Estate Board of Greater Vancouver","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.filerwelch.com\/blog\/market-highlights-january-2021\/","og_locale":"en_US","og_type":"article","og_title":"Market Highlights January 2021. - Filer & Welch Metro Vancouver Blog","og_description":"Market Highlights January 2021. We dive in and take a look at the latest data that was reported by the Real Estate Board of Greater Vancouver","og_url":"https:\/\/www.filerwelch.com\/blog\/market-highlights-january-2021\/","og_site_name":"Filer & Welch Metro Vancouver Blog","article_author":"https:\/\/www.facebook.com\/FILERWELCH\/","article_published_time":"2021-02-04T22:05:22+00:00","article_modified_time":"2021-02-04T22:45:35+00:00","og_image":[{"width":600,"height":300,"url":"https:\/\/www.filerwelch.com\/blog\/wp-content\/uploads\/2021\/01\/unnamed-8.jpg","type":"image\/jpeg"}],"author":"Baxter Welch","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Baxter Welch","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.filerwelch.com\/blog\/market-highlights-january-2021\/#article","isPartOf":{"@id":"https:\/\/www.filerwelch.com\/blog\/market-highlights-january-2021\/"},"author":{"name":"Baxter Welch","@id":"https:\/\/www.filerwelch.com\/blog\/#\/schema\/person\/a7733eef4a706681436c99580227ce24"},"headline":"Market Highlights January 2021.","datePublished":"2021-02-04T22:05:22+00:00","dateModified":"2021-02-04T22:45:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.filerwelch.com\/blog\/market-highlights-january-2021\/"},"wordCount":577,"commentCount":0,"image":{"@id":"https:\/\/www.filerwelch.com\/blog\/market-highlights-january-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.filerwelch.com\/blog\/wp-content\/uploads\/2021\/01\/unnamed-8.jpg","keywords":["Market changes","Real Estate","Real Estate News","Real Estate Stats"],"articleSection":["Instagram Feed","REAL ESTATE INFO","Real Estate News"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.filerwelch.com\/blog\/market-highlights-january-2021\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.filerwelch.com\/blog\/market-highlights-january-2021\/","url":"https:\/\/www.filerwelch.com\/blog\/market-highlights-january-2021\/","name":"Market Highlights January 2021. - Filer & Welch Metro Vancouver Blog","isPartOf":{"@id":"https:\/\/www.filerwelch.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.filerwelch.com\/blog\/market-highlights-january-2021\/#primaryimage"},"image":{"@id":"https:\/\/www.filerwelch.com\/blog\/market-highlights-january-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.filerwelch.com\/blog\/wp-content\/uploads\/2021\/01\/unnamed-8.jpg","datePublished":"2021-02-04T22:05:22+00:00","dateModified":"2021-02-04T22:45:35+00:00","author":{"@id":"https:\/\/www.filerwelch.com\/blog\/#\/schema\/person\/a7733eef4a706681436c99580227ce24"},"description":"Market Highlights January 2021. We dive in and take a look at the latest data that was reported by the Real Estate Board of Greater Vancouver","breadcrumb":{"@id":"https:\/\/www.filerwelch.com\/blog\/market-highlights-january-2021\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.filerwelch.com\/blog\/market-highlights-january-2021\/"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.filerwelch.com\/blog\/market-highlights-january-2021\/#primaryimage","url":"https:\/\/www.filerwelch.com\/blog\/wp-content\/uploads\/2021\/01\/unnamed-8.jpg","contentUrl":"https:\/\/www.filerwelch.com\/blog\/wp-content\/uploads\/2021\/01\/unnamed-8.jpg","width":600,"height":300,"caption":"Market Highlights January 2021."},{"@type":"BreadcrumbList","@id":"https:\/\/www.filerwelch.com\/blog\/market-highlights-january-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.filerwelch.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Market Highlights January 2021."}]},{"@type":"WebSite","@id":"https:\/\/www.filerwelch.com\/blog\/#website","url":"https:\/\/www.filerwelch.com\/blog\/","name":"Filer & Welch Metro Vancouver Blog","description":"Filer&Welch Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.filerwelch.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":"Person","@id":"https:\/\/www.filerwelch.com\/blog\/#\/schema\/person\/a7733eef4a706681436c99580227ce24","name":"Baxter Welch","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/secure.gravatar.com\/avatar\/d30ef17b1db3a9152d1fca1ea61377b3c4741af50427562f354c1bf5b2358f21?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d30ef17b1db3a9152d1fca1ea61377b3c4741af50427562f354c1bf5b2358f21?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d30ef17b1db3a9152d1fca1ea61377b3c4741af50427562f354c1bf5b2358f21?s=96&d=mm&r=g","caption":"Baxter Welch"},"sameAs":["http:\/\/www.filerwelch.com","https:\/\/www.facebook.com\/FILERWELCH\/","https:\/\/www.instagram.com\/filer_welch_realestate\/?hl=en","https:\/\/www.linkedin.com\/in\/baxter-welch-48445b90\/"],"url":"https:\/\/www.filerwelch.com\/blog\/author\/baxter-welch\/"}]}},"_links":{"self":[{"href":"https:\/\/www.filerwelch.com\/blog\/wp-json\/wp\/v2\/posts\/281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.filerwelch.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.filerwelch.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.filerwelch.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.filerwelch.com\/blog\/wp-json\/wp\/v2\/comments?post=281"}],"version-history":[{"count":8,"href":"https:\/\/www.filerwelch.com\/blog\/wp-json\/wp\/v2\/posts\/281\/revisions"}],"predecessor-version":[{"id":290,"href":"https:\/\/www.filerwelch.com\/blog\/wp-json\/wp\/v2\/posts\/281\/revisions\/290"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.filerwelch.com\/blog\/wp-json\/wp\/v2\/media\/270"}],"wp:attachment":[{"href":"https:\/\/www.filerwelch.com\/blog\/wp-json\/wp\/v2\/media?parent=281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.filerwelch.com\/blog\/wp-json\/wp\/v2\/categories?post=281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.filerwelch.com\/blog\/wp-json\/wp\/v2\/tags?post=281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}