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 4, 21, and 7 days, respectively, since the Fourth Quarter of 2021

Average price per square foot sales values for High Rise, Low Rise, and Townhome units have increased by $11, $45, and $41, respectively

The months of supply for resales in the Low Rise market has increased from 0.3 months to 4.0 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 $123 while it is down by $22 for a two bedroom unit since the Fourth Quarter of 2021

Total resales have decreased by 175 when compared to the Fourth Quarter of 2021, while total listings have increased by 34 in that same time span

The average price per square foot for a two bedroom Townhome has increased by $81 while it has decreased by $22 for a three bedroom Townhome since the Fourth Quarter of 2021