Greater Vancouver Real Estate Sale – September 2022
Faced with the dramatic shift with the cost of borrowing, hosing activity is projected to fall well below normal for the next year. With continued low inventory and sellers holding off, less and less inventory is coming onto the markt.
Total sale 653 which is 42% less than September of 2021.
Median sale price $1.1M an 8% increase from September 0f 2021. A total of 9% increase in inventory.
Coquitlam is seeing an increase in Benchmark prices up to $1,750,000., with buyers most active between $1.7M – $2M.
Port Coquitlam and Port Moody also seeing price increases as those municipalities also see a decrease in inventory.
Fraser Valley Real Estate Sale – September 2022
Total sales were 801 and 11 % decrease from August of 2021.
Median sales price was $965,000 a 1 % decrease from the previous month, and no change month over month.
Active listings are up 66% over this time lsat year and only 2% down from last month.
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Ivana Smolcic
Royal LePage West R.E.S.
778.686.8344
www.westcoastivana.com