Market Updates

Jan. 16, 2024

December 2023 Greater Vancouver Real Estate Market Update

 

METRO VANCOUVER

December closes with declines in sales and listings; January brings hopeful outlook    

Like its namesake Janus, the ancient Roman deity with two opposite faces, the month of January has prospective buyers and sellers in Metro Vancouver’s real estate market looking both backwards …

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Posted in Market Updates
Jan. 16, 2024

December 2023 Fraser Valley Real Estate Market Update

 

FRASER VALLEY

2023 ends with record low sales; 10 year cycles show strong resilience

The Fraser Valley’s 2023 record for the lowest sales volume in 10 years may actually be a promising sign the market could soon turn around – if recent history is recalled. The …

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Posted in Market Updates
Dec. 12, 2023

November 2023 Fraser Valley Real Estate Market Update

 

FRASER VALLEY

Prices decline in extended sales slump; inventory up over one year ago

Residential sales in the Fraser Valley continued their lengthy decline for a fifth consecutive month in November with one of the lowest sales volumes in the last ten years. November’s total of …

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Posted in Market Updates
Dec. 12, 2023

November 2023 Greater Vancouver Real Estate Market Update

 

METRO VANCOUVER

New listings abound as sales chill; prices decline for all property types

While Metro Vancouver residents are no doubt feeling the drop in temperatures at this time of year, home sales in the region also plunged sharply in November. The sales volume for November …

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Posted in Market Updates
Nov. 14, 2023

October 2023 Greater Vancouver Real Estate Market Update

 

METRO VANCOUVER

Sales decline for third consecutive month; inventory up; prices downward

Residential sales in Metro Vancouver declined for the third consecutive month in October, although by a slight decrease of 3.5% compared to the previous month. This contrasts with the steep month-over-month decline of 16% …

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Posted in Market Updates
Nov. 14, 2023

October 2023 Fraser Valley Real Estate Market Update

 

FRASER VALLEY

Sales down in high interest regime;  plentiful inventory; price drops  

Residential market activity in the Fraser Valley declined again in October, down for the fourth consecutive month. October’s total of 970 sales transactions was a drop of 11.8% from the preceding month …

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Posted in Market Updates
Oct. 17, 2023

September 2023 Fraser Valley Real Estate Market Update

FRASER VALLEY

Fall sales down; new listings up; prices declining

Fraser Valley residential sales declined for the third consecutive month in September. The three successive month-over-month declines saw September’s volume of 1,100 sales down 14%, preceded by a drop in August of 6.9% and July’s decline of 30%. …

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Posted in Market Updates
Oct. 17, 2023

September 2023 Greater Vancouver Real Estate Market Update

METRO VANCOUVER

New listings up significantly; price declines continue

Metro Vancouver home sales in September saw a decline of 16% from the previous month while still remaining 13% higher than the same period one year ago. Benchmark prices across all property types also declined for a second consecutive …

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Posted in Market Updates
Sept. 12, 2023

August 2023 Greater Vancouver Real Estate Market Update

 

METRO VANCOUVER

Signs of market cooling; sales dip, some price declines

Metro Vancouver’s residential sales and new listings both saw a month-over-month drop in August, a market cooling that was also accompanied by a slowing pace in price increases as well as actual price drops in …

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Posted in Market Updates
Sept. 12, 2023

August 2023 Fraser Valley Real Estate Market Update

 

FRASER VALLEY

Prices dip as sales continue to slow; new listings up  

Home sales in the Fraser Valley dipped again during August, the second consecutive month showing a decline. However, August’s decrease of 6.9% from the preceding month was considerably less than July’s 30% month-over-month …

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Posted in Market Updates