After revving up for the last two months, the last week in the Vancouver real estate market (Week 8 - February 20th - 26th, 2022) was a bit slower.

This was the first week of 2022 to break the trend of increasing activity.

Sales dipped for the first time in 2022, going from 281 to 238.

Meanwhile, New Listings also fell from 431 to 401...and overall the Total Active Listings rose once again to 2,685 (from 2,580).

The result was that the market backed-off slightly, but is still quite firmly in a Seller's Market with 2.82 MOI (up from 2.30).

There is water-cooler chatter amongst realtors that the market is "cooling off". That may be true...but I don't yet see that reflected in these numbers.

While the numbers did back off slightly, they are still at extremely high-levels of activity and a blazing hot Seller's Market in just about every sub-market.

The hottest continues to be East Vancouver condos at 2.05 MOI...but condos across the city continue to be a hotpoint with demand far outstripping...

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I have listed a new property at 116 225 FRANCIS WAY in New Westminster.
At >1,000sf this SPACIOUS ground-level home feels like a house. You'll love the high (9') ceilings, large windows, + the corner unit with light + air from 2 directions (N+W). There's no need for compromise. You'll notice the sense of space as soon as you walk through the door. The bdrms can easily accommodate king-sized beds, the dining rm is ideal for entertaining + the walk-in closet has ample room for your clothing obsession. A large den can provide insuite storage or a home office. 1 parking incl. BUILDING: Built by Onni. The Boiler House amenities incl. an impressive gym, basketball court, library, theater + party room. 2 pets allowed. NEIGHBORHOOD: Surrounded by lush landscaping, parks + walking trails just minutes from Queen's Park, Downtown New West + Skytrain.
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The last week saw the market tighten up once again. We've been seeing unusually high levels of activity since the New Year began, and this past week continued that trend.

Sales rose to 281 from 270. That broke last week's record, once again the highest number of sales we've seen since back in May 2021.

New Listings (after declining last week) jumped to 431 (from 361). Total New Listings continued their consistent climb to 2,580 (from 2,511).

The result was that our market edged further into a Seller's Market with just 2.3 Months-of-Inventory (from 2.33).

The hottest sub-markets continue to be condos throughout Vancouver. Specifically, East Vancouver (1.49 MOI)...but also townhouses/duplexes in East Vancouver (1.68 MOI).

The sub-market that has lagged our market very consistently for the last couple of years has been Westside houses. This week marked a significant shift with a BIG jump in sales to 39 (from 21) and it moved into a Seller's Market (3.3 MOI) for the first time in nearly a year...

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Another week in the books and another week of the Vancouver real estate market getting stronger and hotter.

What's that mean?

Sales rose to 270 (up from 240), and new listings dropped to 361 (from 408). Total Active Listings climbed slightly to 2,511 from 2,470 the week before.

That's the highest number of sales we've had in the city since way back in May of 2021...and the first time that we've had a DECLINE in New Listings since the beginning of the year.

As you may have guessed, increasing demand (Sales) and declining supply (New Listings) moved us deeper into a Seller's Market. This past week we had 2.33 MOI (dropping from 2.57 the week before).

Every sub-market in Vancouver is a Seller's Market, except one. The hottest sub-markets are condos from one end of the city to the other (1.41 MOI in East Van for example), followed closely by townhouses (1.43 MOI in East Van).

The sub-market that saw the sharpest improvement in the last week was for East Van houses. Sales jumped from 24 to 36...

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I have sold a property at 302 1180 HOMER ST in Vancouver.
McMaster Building is an exclusive heritage conversion boutique loft residence in the heart of Yaletown. Developed & rebuilt by reputable Townline Homes in 2007. It combines the old world charm with the modern living. Unit 302 is facing beautiful tree-lined Homer Street. Unique design with open concept features 9'5 ceiling. Exposed brick, reclaimed fir floors and beams, frosted glass bedroom and den walls, fireplace. Gourmet kitchen with Sub Zero/Miele appliances. Spa like bathrooms. Den can be used as a 2nd bedroom. Insuite storage and Air-Conditioned, 1 underground parking stall & bike storage. Minutes away from Canada Line, restaurants and shops. Call now for your private showing.
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I have sold a property at 601 1468 14TH AVE W in Vancouver.
WOW! Absolutely Stunning 2 bedroom 2 bath Corner unit built by Polygon. Welcome to Avedon! A unique boutique building close to ever-popular and quaint south Granville Street-walk to restaurants, cafes, bars, theatre and more! You will be immediately impressed by the floor to ceiling windows letting in natural light from the North, West and Southern exposure! Ultra spacious living room with fireplace, laminate floors and access to balcony. Stylish kitchen with convenient bar area. Huge master suite with generous walk-in and spa like bath. Good-sized second bedroom separated from master. Foyer entry and insuite laundry. Feels like a home! Don't wait on the one - its a beauty! Showings by Appt. Strict COVID protocol. Some photos virtually staged. Prof measured by Excelsior at 1048 sq.ft.
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I have sold a property at PH15 707 20TH AVE E in Vancouver.
A rare opportunity to own a TOP FLOOR PENTHOUSE in Blossom. Spacious (almost!) 700 SF , ONE BEDROOM and DEN and a large flex room. Den can be used as a bedroom/nursery/office. Very efficient Floorplan with no wasted space. Gourmet open concept kitchen with high ceilings and skylight, kitchen island with bar seating, stainless steel appliances and granite countertops. Very open with private outlook of spectacular Eastern morning sunrises and fabulous North Shore mountain views. Large patio, bright with lots of windows. Secured parking and bike storage. Additional storage. Unrestricted Pets and Rentals . Central location in desired Fraserview. Rare GUEST SUITE only $50/night to rent! Great building! Showings by appointment only. bit.ly/ph15-707e20
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I have sold a property at 604 180 2ND AVE E in Vancouver.
Welcome to SECOND+MAIN. This functional 1 bedroom 1 bathroom unit is located in the heart of Vancouver! The hottest spot in one of the fastest growing communities with everything within minutes: walk to downtown, sky train, false creek, shops and restaurants. Quiet west facing with A/C offers an efficient and easeful life. Large windows, wide plank modern floors, custom high-end European kitchen cabinetry, stone countertops, premium appliances, and bathroom fixtures. Great building amenities, include a gym, rooftop terrace with amazing views, BBQ area, urban rooftop gardens, party room with full kitchen and public plaza. Don't miss this opportunity!
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I have sold a property at 5 102 FRASER ST in Port Moody.
Welcome to Corbeau in beautiful Port Moody! This end unit open floor plan features a main level eating bar with island, quartz counter tops and stainless appliances. Two spacious bedrooms with full bathrooms upstairs, one being an ensuite. Balcony off living room perfect for BBQ. Downstairs you will find a large den/flex space on. This could be 3rd bedroom with ensuite 2pc bathroom. Parking for one car in garage and one car in driveway. Walk to SKYTRAIN, parks, shopping, everything your family needs right here. This one won't last! Open House Sat/Sun 1:30-4pm
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Vancouver Real Estate – Monthly Market Update – Infographic – January 2022

January 2022 was an unusually active month in the Vancouver real estate market.

In a typical year, January is usually the slowest time. It's when we see the nadir of annual activity...and most years realtors take the opportunity to schedule their holidays in the month for that very reason.

As you probably know by now, the world is far from typical...and that has played havoc with all types of things, not the least of which is real estate.

There were 702 Sales (-7.99% Month-to-Month and +8.22% Year-to-Year). That's a whopping +34.5% higher than the 10-year average.

New Listings wer 1,461 (+138.24% M-to-M and +5.87% Y-to-Y)...down -7.7% from the 10-year average...and Total Active Listings were just 2,492 (-11.9 from the 10-year average).

The greatest activity is currently in condos and townhouses. Specifically, in East Vancouver but all across the city. Detached homes are lagging those markets...especially at the higher end of the market.

Generally speaking, the most active segments are the...

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