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February 2024 Month End Sales and Listing Report

March 7th, 2024
Highlights of Dexter’s February 2024 report ·        Buyers continue to show up! Number of sales in Greater Vancouver were up 45% from January ·        Sellers starting to show up, the number of new listings were up 20% from January  ·        Bank of Canada continues the holding pattern on its rate – fixed rates declining  ·        Sales in West Vancouver up 143% c ...

January 2024 Month End Sales & Listing Report

February 7th, 2024
Highlights of Dexter’s January 2024 report ·        Buyers are back! Sales in Greater Vancouver were up 39% from January 2023 ·        Vancouver detached listings are at the lowest level since December 2015 ·        The number of new listings were only up 15% from January 2023 ·        When will the Bank of Canada cut its rate? ·        The total number of sales i ...

December 2023 Month End Sales & Listing Report

January 8th, 2024
Highlights of Dexter’s December 2023 report ·        Prices in Greater Vancouver were up 5% in 2023 ·        Vancouver West Side detached prices showed an increase of 11.4% in 2023 ·        Total number of New Listings were the lowest since 2001 ·        Let the interest rate decreases begin  ·        The Buying signal is now It would seem interest rates and infl ...

November 2023 Month End Sales & Listing Report

December 9th, 2023
Highlights of Dexter’s November 2023 report New Westminster’s average price is the lowest in the region Interest rates are coming down… soon. 2023 will have the lowest annual number of new listings since 2002 West Vancouver House Price Index down 3.7% month-over-month BC NDP quickly pass a number of bills to boost supply and curb speculation  The numbers don’t pa ...

September 2023 Month End Sales & Listing Report

October 10th, 2023
The waiting game in the Metro Vancouver housing market continues but more sellers are joining in and some are becoming impatient. One month a trend does not make. But we certainly saw more listings come on the market in Metro Vancouver in September – more so in the first half. As September moved on through the second half of September, fewer listings came on than in the first half and ...

August 2023 Month End Sales & Listing Report

September 8th, 2023
Highlights of the Dexter Report August 2023   • Bank of Canada holds prime rate at 5% but keeps door open to further hikes • Median price of a West Side detached house up $1 million in past year • Total new listings have been falling, month-over-month, since May • East Vancouver is leading all markets in detached house sales  • South Delta detached houses are mov ...

July 2023 Month End Listing & Sales Report

August 9th, 2023
Highlights of the July Dexter Report    ·        Home prices are virtually unchanged in the past year ·        Total sales in Greater Vancouver are up nearly 30% from July 2022 ·        Wily buyers take advantage of a summer sales slump  ·        There are now 16,400 properties for sale across Metro Vancouver ·        Vancouver density plan invites higher taxes f ...

June 2023 Month End Sales and Listing Report

July 10th, 2023
Highlights of the Dexter Mid-Year 2023 Report   ·        Overall housing sales were 194% higher in June compared to January
   ·        Composite home benchmark price is up 8% from the start of the year   ·        Record high prices are being seen in suburban markets   ·        Investors pile in as condo prices are nearing record highs   ·        
Vancouver’ ...

May 2023 Month End Sales & Listing Report

June 10th, 2023
Highlights of the May 2023 Dexter Housing Report   • May average home price $200,000 higher than in January • May home sales-to-listing ratio a sizzling 59% • Total sales the highest this year and higher than in May 2022 • Surrey detached new listings were up 53% from April 2023 • Overall higher listings may point to a price plateau this summer    After five mo ...

April 2023 Month End Sales & Listing Report

May 8th, 2023
Highlights of the April Market Report ·        We are now in a seller’s market across Greater Vancouver  ·        Multiple offers are being seen as buyers roar back  ·        Buyers must brace for higher new home prices in ‘24 ·        Greater Vancouver sales are up 166% since the start of the year ·        Fraser Valley detached house prices are up $60,000 since ...

March 2023 Month End Sales and Listing Report

April 10th, 2023
March 2023 Month End Sales & Listing ReportHighlights of Dexter Realty’s March 2023 Report:  ·        Benchmark prices are 22% higher than three years ago ·        Greater Vancouver sales are up 146% from January 2023 ·        Greater Vancouver Benchmark detached-house price rise $60,000+ this year  ·        First-time homebuyer incentive starts April 1 ·        Five-year fixed mortgages ...

February 2023 Month End Sales & Listing Report

March 12th, 2023
Highlights of Dexter Realty’s February 2023 Report  ·        Prices increased month-over-month for the first time since May 2022 ·        Housing sales are up 77% from January; new listings are up just 5%. ·        Multiple offers are being seen on Westside detached houses.  ·        Top townhouse market: New Westminster.  ·        Undersupplie ...

January 2023 Month End Sales and Listing Report

February 13th, 2023
“The greatest danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it.” Michelangelo 2023: the year to get in position for the recovery January 2023 signalled early that it would end with what the Real Estate Board of Greater Vancouver says is “among the lowest sales month in recent history.” As of mid-month, total transactions had reach ...

November 2022 Month End Sales and Listing Report

December 10th, 2022
November 2022 Month End Sales and Listing ReportAs Peter (Yogi) Berra famously said, “It’s Deja-vu all over again” but in this case it is in comparing Metro Vancouver’s housing market in November 2018 and what we are experiencing today. 2018, after all, was also a down market and that November’s housing sales across Greater Vancouver totalled 1,633 properties, eerily c ...

October 2022 Month End Sales & Listing Report

November 10th, 2022
October 2022 Month End Sales & Listing StatsThe ancient Greek philosopher, Heraclitus, said, “Change is the only constant in life.” Well, that’s certainly true. Things change. Often! Kids get older. People take on new hobbies. Careers evolve. As a result, a house that was perfect when the owners originally purchased it may no longer be ideal. That can be the reality even if they’ve only be ...

September 2022 Month End Sales Stats

October 10th, 2022
“It was the best of times, it was the worst of times” Charles Dickens     The worst of times; the best of times in the Metro Vancouver housing market   Highlights of the September 2022 Dexter Report ·        Five markets have composite home prices under $1 million ·        Home prices ...

August 2022 Month End Sales and Listing Stats

September 7th, 2022
August 2022 Month End Sales and Listing Stats “Believe and act as if it were impossible to fail.” Charles F. Kettering New listings, housing starts flirt with record lows in August Highlights of the August Report Total new listings in August the lowest in more than 28 years Ladner townhouses and condos fall to 1-month supply At least six major condo projects have stopped or s ...

July 2022 Month End Sales Stats

August 10th, 2022
“Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy” Dale Carnegie     Homebuyers, investors take advantage in this market HIGHLIGHTS OF THE JULY 2022 REPORT ·        Average 5-year ...

June 2022 Month End Listing and Sales Stats

July 11th, 2022
June 2022 Month End Sales & Listing Stats“On the other side of a storm is the strength that comes from having navigated through it. Raise your sail and begin.“ Gregory S. Williams Buyer’s emerging with a market advantage Highlights of the June Report Biggest drop in month-over-month house price Port Coquitlam down 5.9% Biggest increase in month-over-month house price: West Vancouver, u ...

May 2022 Month End Sales & Listing Stats

June 10th, 2022
MAY GREATER VANCOUVER SALES AND LISTING REPORT June 6th, 2022 Kevin Skipworth, Partner/Broker and Chief Economist at Dexter Realty   ...