{"id":864,"date":"2022-11-05T02:24:48","date_gmt":"2022-11-05T06:24:48","guid":{"rendered":"https:\/\/www.exponentialrealty.ca\/blog\/?p=864"},"modified":"2022-11-05T02:25:33","modified_gmt":"2022-11-05T06:25:33","slug":"october-2022-real-estate-stats-comments","status":"publish","type":"post","link":"https:\/\/www.exponentialrealty.ca\/blog\/october-2022-real-estate-stats-comments\/","title":{"rendered":"October 2022 Real Estate stats\/comments"},"content":{"rendered":"<p>Sales\ud83d\udd3c : 12.8% increase compared from September 2022, and and 45.5% decrease from October 2021. Last month\u2019s sales were<strong>\u00a033.3<\/strong>% below the 10-year June sales average.<\/p>\n<p>Inventories\ud83d\udd3c : 1.2% decrease compared to September 2022 (9,971) and a 22.6% increase compared to September 2021 (8,034).<\/p>\n<p>Price \ud83d\udd3c: 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.<\/p>\n<p>&nbsp;<\/p>\n<p>My comments:<\/p>\n<p>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.<\/p>\n<p>Downtown studios sold in the past 2 months as an example:<a href=\"https:\/\/bcres.paragonrels.com\/publink\/default.aspx?GUID=c8640459-f76f-4735-b005-148a9267fb73&amp;Report=Yes\">Click here<\/a><\/p>\n<p>1\/2 duplexes in Richmond and Burnaby sold in October 2022:<a href=\"https:\/\/bcres.paragonrels.com\/publink\/default.aspx?GUID=c8640459-f76f-4735-b005-148a9267fb73&amp;Report=Yes\">Click here<\/a><\/p>\n<p>Aside from Real Estate, many of our friends start traveling again, what is on your list? Looking forward to hearing your fun stories!!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sales\ud83d\udd3c : 12.8% increase compared from September 2022, and and 45.5% decrease from October 2021. Last month\u2019s sales were\u00a033.3% below the 10-year June sales average. Inventories\ud83d\udd3c : 1.2% decrease compared &hellip;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/864"}],"collection":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/comments?post=864"}],"version-history":[{"count":3,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/864\/revisions"}],"predecessor-version":[{"id":867,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/864\/revisions\/867"}],"wp:attachment":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/media?parent=864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/categories?post=864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/tags?post=864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}