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Bits and Pieces Metro Vancouver Real Estate – June 2024 Vancouver Downtown: Balanced market for condos/townhomes with a 14% sales ratio. Best bets for sellers are in Westend and one-bedroom properties. Buyers should focus on homes over $5M in Coal Harbour and Downtown. Vancouver Westside: Balanced market for detached homes with a 13% sales ratio. Sellers thrive in Dunbar and Mackenzie Heights with 3-4 bedroom […]
Bits and Pieces Greater Vancouver Real Estate Market – June 2024 Burnaby: Detached homes are in a seller’s market with a 21% sales ratio. The most active price band is $1.5M-$1.75M. Buyers have the best options in Central Park and East Burnaby. Condos and townhomes are balanced with a 20% sales ratio. Sellers find the best opportunities in Central Park and Forest Hills. New Westminster: A […]
Is Richmond’s Real Estate Market Thriving in 2024? Richmond’s real estate market is showing strong signs of growth in Q1 2024. With a rise in home sales and property values, it’s clear that buyers and investors see Richmond as a prime location. The market’s resilience is driven by low-interest rates and a surge in demand for suburban living. As a Realtor, I’ve witnessed […]
What Do Slower Sales and Rising Listings Mean for Metro Vancouver’s Real Estate Market? Metro Vancouver’s home sales dipped in May, with inventory on the rise. The Greater Vancouver REALTORS® reported 2,733 residential sales, marking a 19.9% drop from May 2023. The number of new listings, however, grew by 12.6% year-over-year to 6,374, contributing to an overall inventory of 13,600 homes. Higher borrowing costs, economic concerns, and government policies […]
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