Week 10 – Vancouver Real Estate Week in Review (March 6th, 2022 - March 12th, 2022)

The keyword for the last week of the Vancouver real estate market was CONSOLIDATION.

Leading into this week we had been a pretty regular and steady increase in market activity...both sales and new listings.

Sales edged slightly lower to 300 (from 316) while new listings rose slightly to 479 (from 477).

With total listing inventory rising to 2,772 (up from 2,688) we still find ourselves in an extremely strong Seller's Market with 2.31 MOI.

Condos continue to be the hottest market segment. Specifically, East Van condos where we had a red-hot 1.15 MOI this past week...but Westside (2.2 MOI) and Downtown (2.22 MOI) Condos were also hot.

Every sub-market is in a Seller's Market except for Westside houses. While that market has consistently trailed the rest of the city it HAS been strengthening. Not that long ago it languished in a strong Buyer's Market....but it's not moved to consistently be in a Balanced Market.

Tight market conditions continue. There is little choice in the market, but intense demand...and the result is that prices continue to get pressured upwards.

City of Vancouver – Weekly Vancouver Real Estate Market Update – Week 10 (March 12th, 2022)

Vancouver West (Westside)

Vancouver West – Houses – Weekly Vancouver Real Estate Market Update – Week 10 (March 12th, 2022)

Vancouver West – Townhouses – Weekly Vancouver Real Estate Market Update – Week 10 (March 12th, 2022)

Vancouver West – Apartments – Weekly Vancouver Real Estate Market Update – Week 10 (March 12th, 2022)

East Vancouver (East Van)

East Vancouver – Houses – Weekly Vancouver Real Estate Market Update – Week 10 (March 12th, 2022)

East Vancouver – Townhouses – Weekly Vancouver Real Estate Market Update – Week 10 (March 12th, 2022)

East Vancouver – Apartments – Weekly Vancouver Real Estate Market Update – Week 10 (March 12th, 2022)

Downtown Vancouver

Downtown Vancouver – Townhouses – Weekly Vancouver Real Estate Market Update – Week 10 (March 12th, 2022)

Downtown Vancouver – Apartments – Weekly Vancouver Real Estate Market Update – Week 10 (March 12th, 2022)

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.