RSS

Week 1 – Vancouver Real Estate Week in Review (January 2nd, 2022 - January 8th, 2022)

Here's your update for Week 1 of 2022 in Vancouver real estate (January 2nd - 8th, 2022).

We saw a rebound in activity levels across the board. Sales, new listings and total active listings all increased for (nearly) every sub-market.

Sales doubled from 48 to 97. At the same time, new listings skyrocketed to 238 from just 37.

...and yet, total active listings rose only slightly to 2,171 from 2,118. I believe that inconsistency is due to the fact we likely saw a lot of cancelled/expired listings to begin the year.

Our stay in a buyer's market was extremely short-lived (just 1 week). We went from MOI of 11.03 way back down to 5.6 this past week. As we move out of the holiday season in the next week or two, I expect this number to come further down and for us to reassume our position as a seller's market.

Once again, this increase in activity is to be expected. It's very normal for the low-point of activity to take place the week between Christmas and New Year...as it looks like it was this year.

What's a little unusual is just how many new listings hit the market this week. I believe that we are seeing more listings now than normal because realtors know that the demand is out there...and there has been VERY little supply.

If you need to sell something, you'll be able to find a buyer.

City of Vancouver – Weekly Vancouver Real Estate Market Update – Week 1 (January 8th, 2022)Vancouver West (Westside)

Vancouver West – Houses – Weekly Vancouver Real Estate Market Update – Week 1 (January 8th, 2022)


Vancouver West – Townhouses – Weekly Vancouver Real Estate Market Update – Week 1 (January 8th, 2022)

Vancouver West – Apartments – Weekly Vancouver Real Estate Market Update – Week 1 (January 8th, 2022)

East Vancouver (East Van)

East Vancouver – Houses – Weekly Vancouver Real Estate Market Update – Week 1 (January 8th, 2022)

East Vancouver – Townhouses – Weekly Vancouver Real Estate Market Update – Week 1 (January 8th, 2022)

East Vancouver – Apartments – Weekly Vancouver Real Estate Market Update – Week 1 (January 8th, 2022)

Downtown Vancouver

Downtown Vancouver – Townhouses – Weekly Vancouver Real Estate Market Update – Week 1 (January 8th, 2022)

Downtown Vancouver – Apartments – Weekly Vancouver Real Estate Market Update – Week 1 (January 8th, 2022)

Comments:

No comments

Post Your Comment:

Your email will not be published
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.