Vancouver Real Estate Audio Experience

Could Have Gone Pro! Real Estate Market Update for January 2023 in Vancouvers Westside! The real estate market in Vancouvers Westside saw a significant increase in both listings and sales in the month of January. A total of 455 listings were available, with 25 sales being made, resulting in a 5% absorption rate, indicating a buyer's market. Of all the listings, the price range of $7m to $7.5m showed the best results with a 27% absorption rate, with 11 listings and 3 sales. However, inventory in general is selling on average 10% below the listed price. Dunbar, another neighborhood in Vancouver BC, had 35 listings and only 3 sales, resulting in a 9% absorption rate, further emphasizing the buyer's market. Point Grey, on the other hand, showed a slightly different trend with a 13% absorption rate, indicating a balanced market. The neighborhood had 54 listings and 7 sales. Downtown Vancouver saw a total of 692 listings and 90 sales, with an absorption rate of 13%. This too indicates a balanced market. Yaleto