{"id":221,"date":"2021-03-04T14:49:14","date_gmt":"2021-03-04T19:49:14","guid":{"rendered":"https:\/\/www.millerwark.com\/blog\/?p=221"},"modified":"2021-03-04T14:49:25","modified_gmt":"2021-03-04T19:49:25","slug":"february-2021-market-highlights","status":"publish","type":"post","link":"https:\/\/www.millerwark.com\/blog\/february-2021-market-highlights\/","title":{"rendered":"February 2021 Market Highlights"},"content":{"rendered":"<h3>Competition amongst home buyers is putting upward pressure on home prices across Metro Vancouver\u2019s* housing market.<\/h3>\n<p>The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 3,727 in February 2021, a 73.3% increase from the 2,150 sales recorded in February 2020, and a 56% increase from the 2,389 homes sold in January 2021.<\/p>\n<p>Last month\u2019s sales were 42.8% above the 10-year February sales average.<\/p>\n<p>\u201cMetro Vancouver\u2019s housing market is experiencing seller\u2019s market conditions. The supply of listings for sale isn\u2019t keeping up with the demand we\u2019re seeing,\u201d Colette Gerber, REBGV Chair said. \u201cCompetition amongst home buyers is causing multiple offer situations and upward pressure on prices. This is particularly true in the townhome market where demand is outstripping the available supply. Conditions differ depending on location and property type so it\u2019s important to work with your local REALTOR\u00ae to develop strategies to meet your needs.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-222\" src=\"https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Detached-1024x1024.jpg\" alt=\"\" width=\"770\" height=\"770\" srcset=\"https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Detached-1024x1024.jpg 1024w, https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Detached-300x300.jpg 300w, https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Detached-150x150.jpg 150w, https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Detached-768x768.jpg 768w, https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Detached-420x420.jpg 420w, https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Detached-240x240.jpg 240w, https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Detached.jpg 1080w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-223\" src=\"https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Townhouse-1024x1024.jpg\" alt=\"\" width=\"770\" height=\"770\" srcset=\"https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Townhouse-1024x1024.jpg 1024w, https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Townhouse-300x300.jpg 300w, https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Townhouse-150x150.jpg 150w, https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Townhouse-768x769.jpg 768w, https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Townhouse-420x420.jpg 420w, https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Townhouse-240x240.jpg 240w, https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Townhouse.jpg 1080w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-224\" src=\"https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Apartment-1024x1024.jpg\" alt=\"\" width=\"770\" height=\"770\" srcset=\"https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Apartment-1024x1024.jpg 1024w, https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Apartment-300x300.jpg 300w, https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Apartment-150x150.jpg 150w, https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Apartment-768x768.jpg 768w, https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Apartment-420x420.jpg 420w, https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Apartment-240x240.jpg 240w, https:\/\/www.millerwark.com\/blog\/wp-content\/uploads\/2021\/03\/NV-Feb-Stats-Apartment.jpg 1080w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><\/p>\n<p>For full market update visit www.rebgv.org<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Competition amongst home buyers is putting upward pressure on home prices across Metro Vancouver\u2019s* housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in &hellip; [<a href=\"https:\/\/www.millerwark.com\/blog\/february-2021-market-highlights\/\">read more<\/a>]<\/p>\n","protected":false},"author":2,"featured_media":49,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,35,2],"tags":[],"class_list":["post-221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights","category-real-estate-news","category-real-estate-tips"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>February 2021 Market Highlights - MW Insider<\/title>\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.millerwark.com\/blog\/february-2021-market-highlights\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"February 2021 Market Highlights - MW Insider\" \/>\n<meta property=\"og:description\" content=\"Competition amongst home buyers is putting upward pressure on home prices across Metro Vancouver\u2019s* housing market. 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