1 minute read
VANCOUVER EAST RESALE MARKET SUMMARY
MLS Resale Highlights
The average time a unit is on the market has increased for High Rise, Low Rise, and Townhomes by 25, 25, and 23 days, respectively, since the First Quarter of 2022
Advertisement
Average price per square foot sales values for High Rise, Low Rise, and Townhome units have decreased by $77, $39, and $54, respectively, when compared to the First Quarter of 2022
The months of supply for resales in the Low Rise market has increased from 1.2 months to 5.0 months when compared to the same quarter last year
The average price per square foot in a Low Rise for a one bedroom is up $14 while it is down by $65 for a two bedroom unit since the First Quarter of 2022
Total resales have decreased by 174 when compared to the First Quarter of 2022, while total listings have increased by 43 in that same time span
The average price per square foot for a two bedroom and three bedroom Townhome has decreased by $100 and $25, respectively, since the First Quarter of 2022
