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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 […]
Bits and Pieces 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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