February 2022 - Vancouver Real Estate Market Update

The Greater Vancouver housing market started with 32% fewer homes for sale compared with last year and almost half of the homes listed are selling for over asking price! 

Sales Volume: Decreased 4% from January 2021, down 15% from December 2021. We're up 25% above the 10-year January sales average. 

New Listings: down 7% from January 2021, up 114% from December 2021. 

Benchmark price across all home types: $1,255,200. Up 23% from January 2021.

Watch to find out more about how much it will cost to own each home type in Greater Vancouver and some external factors affecting this crazy  real estate activity today!