September 2022 - Vancouver Real Estate Market Report

“It was the best of times, it was the worst of times” Charles Dickens

Highlights of the September 2022 Dexter Report

·         Five markets have composite home prices under $1 million

·         Home prices down for the sixth month in a row

·         Detached housing now firmly in a buyer’s market

·         Total residential sales in September test a 30-year low, but not as low as

          2018, 2012 and 2008

·         Greater Vancouver condo sales are down 45.2% from a year ago

·         Surrey detached house sales tumble 67% year-over-year

To paraphrase Charles Dickens – as it relates to the housing market – these are the worst of times, these are the best of times, as we enter an Autumn that is also an anomaly.

CLICK HERE for the full report by our very own Kevin Skipworth, Partner/Broker and Chief Economist at Dexter Realty.

No comments

Post Your Comment:

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.