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.
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!!