Exponential Mindset Blog

October 2022 Real Estate stats/comments

Sales🔼 : 12.8% increase compared from September 2022, and and 45.5% decrease from October 2021. Last month’s sales were 33.3% below the 10-year June sales average.

Inventories🔼 : 1.2% decrease compared to September 2022 (9,971) and a 22.6% increase compared to September 2021 (8,034).

Price 🔼: Benchmark price for all residential properties in Metro Vancouver is currently $1,148,900. This represents a 0.6% decrease over September 2022 and 2.1% increase compared to October 2021.


My comments:

We are still seeing similar market activities in the past few months. It is typical to see everything getting slower towards end of the year especially close to Christmas. It is a good time to upsize as properties over $1M have come down considerably while properties in the $500k-$600k have not been affected as much.

Downtown studios sold in the past 2 months as an example:Click here

1/2 duplexes in Richmond and Burnaby sold in October 2022:Click here

Aside from Real Estate, many of our friends start traveling again, what is on your list? Looking forward to hearing your fun stories!!

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