December 2022 - Vancouver Real Estate Market Update: End of Year Slowdown
Posted on Dec 09, 2022 in Market Update
Hi, it's Cari Mai and this is your Vancouver real estate market update for December 2022.
We're entering the final month of the year and we're still seeing home sales and listing activity trend below long term averages across Greater Vancouver. Sales have dipped below 2,400 transactions last month, making it the 2nd lowest sales count for November i...
November 2022 - Vancouver Real Estate Market Update: Winter is Coming
Posted on Nov 16, 2022 in Market Update
Hi, it's Cari Mai and this is your Vancouver real estate market update for November 2022.
When you see news headlines that read, "Sales dropped 46% from October 2021!!" Don't freak out! Remember, the market is cooling down from an all-time high. Of course you're going to see a big drop! Last month's sales numbers are falling back to what was seen in...
October 2022 - Vancouver Real Estate Market Update: The Fall Market Scaries!
Posted on Oct 12, 2022 in Market Update
Hi, it's Cari Mai and this is your Vancouver real estate market update for October 2022.
September marked the start of the Fall real estate market! We saw more homes come on the market while home buyer activity dipped 36% below the 10-year September home sales average. The Bank of Canada has been hiking rates in an effort to curb inflation and the c...
September 2022 - Vancouver Real Estate Market Update: Back to School
Posted on Sep 14, 2022 in Market Update
Hi, it's Cari Mai and this is your Vancouver real estate market update for September 2022.
August is traditionally a slower sales month but with the rise of inflation and interest rates, we saw home sales volumes across Greater Vancouver dip 29% below the 10-year average sales volume for August! Home Sellers appear to also be "holding out" on listin...
August 2022 - Vancouver Real Estate Market Update: Still Alive!
Posted on Aug 10, 2022 in Market Update
Hi, it's Cari Mai and this is your Vancouver real estate market update for August 2022.
Last month we saw housing sales volumes across Greater Vancouver decrease for the 4th consecutive month. Current conditions favor buyers in the regions detached home market for the first time since Spring 2020! Despite all the doom and gloom we read about on the...
July 2022 - Vancouver Real Estate Market Update
Posted on Jul 13, 2022 in Market Update
Hi, it's Cari Mai and this is your Vancouver real estate market update for July 2022.
Last month, we saw higher interest rates cause housing inventory to accumulate with sales volumes decreasing and prices shifting downward.
Home buyers are more cautious now and quite a few of them are waiting on the sidelines to 'watch' the market.
The MLS benchmark...
