Greater Vancouver’s housing market closed out 2023 with balanced market conditions, but the year-end totals mask a story of surprising resilience in the face of the highest borrowing costs seen in over a decade. The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 26,249 in 2023, a 10.3% decrease from the 29,261 sales recorded in 2022, and a 41.5% decrease from the 44,884 sales in 2021. Last year’s sales total was 23.4% below the 10-year annual sales average (34,272). 

Lets Connect!

Madi Pistilli

604-836-4204

madi@madipistillirealestate.ca

An increase in newly listed properties is providing more choice to home buyers across Greater Vancouver, but sales remain below long-term averages. Last month’s sales were 29.5% below the 10-year seasonal average.

Let’s connect! 

Madi Pistilli

604-836-4204

madi@madipistillirealestate.ca

madipistillirealestate.ca

The month-over-month price gains seen earlier this year abated in the Greater Vancouver housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,926 in September 2023, a 13.2% increase from the 1,701 sales recorded in September 2022. This was 26.3% below the 10-year seasonal average (2,614).

Let's Connect!

Madi Pistilli 

604-836-4204

madi@madipistillirealestate.ca

Home prices across all home types in Greater Vancouver rose again in July, as strong sales continue to push up against low levels of inventory in the region. Last month’s sales were 15.6% below the 10-year seasonal average.

Let’s connect! 

Madi Pistilli

604-836-4204

madi@madipistillirealestate.ca

madipistillirealestate.ca

Housing prices continue to rise in Greater Vancouver to kick off the summer. There was an increase in home buyer demand paired with limited inventory of homes for sale. Last month’s sales were 8.6% below the 10-year seasonal average.

Let’s connect! 

Madi Pistilli

604-836-4204

madi@madipistillirealestate.ca

May 2023 Market Update

While the year started slower than usual, Greater Vancouver’s housing market is heating up as summer approaches, whit prices increasing for the 6th consecutive month! Last month’s sales were 1.4% below the 10-year seasonal average.

Let’s connect! 

Madi Pistilli

604-836-4204

madi@madipistillirealestate.ca

madipistillirealestate.ca

Listing activity remained below historical norms, but home sales have mounted a surprising comeback, rising near levels seen last spring. Last month’s sales were 15.6% below the 10-year seasonal average. 

Let’s connect! 

Madi Pistilli

604-836-4204

madi@madipistillirealestate.ca

madipistillirealestate.ca

March data indicates home sales are making a stronger than expected spring showing so far, despite elevated borrowing costs. Last month’s sales were 28.4% below the 10-year seasonal average. 

Let’s connect! 

Madi Pistilli

604-836-4204

madi@madipistillirealestate.ca

madipistillirealestate.ca

February data showed a continued reluctance among prospective home sellers to engage in the Vancouver housing market, leading to below-average sales activity. Last month’s sales were 33% below the 10-year February sales average. 

Let’s connect! 

Madi Pistilli

604-836-4204

madi@madipistillirealestate.ca

madipistillirealestate.ca

Greater Vancouver’s housing market closed out 2023 with balanced market conditions, but the year-end totals mask a story of surprising resilience in the face of the highest borrowing costs seen in over a decade. The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 26,249 in 2023, a 10.3% decrease from the 29,261 sales recorded in 2022, and a 41.5% decrease from the 44,884 sales in 2021. Last year’s sales total was 23.4% below the 10-year annual sales average (34,272). 

Lets Connect!

Madi Pistilli

604-836-4204

madi@madipistillirealestate.ca

An increase in newly listed properties is providing more choice to home buyers across Greater Vancouver, but sales remain below long-term averages. Last month’s sales were 29.5% below the 10-year seasonal average.

Let’s connect! 

Madi Pistilli

604-836-4204

madi@madipistillirealestate.ca

madipistillirealestate.ca

The month-over-month price gains seen earlier this year abated in the Greater Vancouver housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,926 in September 2023, a 13.2% increase from the 1,701 sales recorded in September 2022. This was 26.3% below the 10-year seasonal average (2,614).

Let's Connect!

Madi Pistilli 

604-836-4204

madi@madipistillirealestate.ca

Home prices across all home types in Greater Vancouver rose again in July, as strong sales continue to push up against low levels of inventory in the region. Last month’s sales were 15.6% below the 10-year seasonal average.

Let’s connect! 

Madi Pistilli

604-836-4204

madi@madipistillirealestate.ca

madipistillirealestate.ca

Housing prices continue to rise in Greater Vancouver to kick off the summer. There was an increase in home buyer demand paired with limited inventory of homes for sale. Last month’s sales were 8.6% below the 10-year seasonal average.

Let’s connect! 

Madi Pistilli

604-836-4204

madi@madipistillirealestate.ca

May 2023 Market Update

While the year started slower than usual, Greater Vancouver’s housing market is heating up as summer approaches, whit prices increasing for the 6th consecutive month! Last month’s sales were 1.4% below the 10-year seasonal average.

Let’s connect! 

Madi Pistilli

604-836-4204

madi@madipistillirealestate.ca

madipistillirealestate.ca

Listing activity remained below historical norms, but home sales have mounted a surprising comeback, rising near levels seen last spring. Last month’s sales were 15.6% below the 10-year seasonal average. 

Let’s connect! 

Madi Pistilli

604-836-4204

madi@madipistillirealestate.ca

madipistillirealestate.ca

March data indicates home sales are making a stronger than expected spring showing so far, despite elevated borrowing costs. Last month’s sales were 28.4% below the 10-year seasonal average. 

Let’s connect! 

Madi Pistilli

604-836-4204

madi@madipistillirealestate.ca

madipistillirealestate.ca

February data showed a continued reluctance among prospective home sellers to engage in the Vancouver housing market, leading to below-average sales activity. Last month’s sales were 33% below the 10-year February sales average. 

Let’s connect! 

Madi Pistilli

604-836-4204

madi@madipistillirealestate.ca

madipistillirealestate.ca