Скачать или смотреть Vancouver Home Sales Drop 40%

With the Fall market on our doorstep, it’s time to review how the summer market performed and what’s in store for September and October. While we have just come out of a couple of the slowest months in 20 odd years, you would think the market is at a stand still. But with prices having dropped by more than 30% in some areas across the nation, Vancouver remains one of the most resilient marketplaces in North America with prices having only slid by about 7% according to the Housing Price Index. While we are expecting to see this number continue to climb by about another 2% in the foreseeable future, what’s less clear is the bubbling activity behind it.

Sales to Active Ratios (think of this number as the pressure gauge for the market) are on the climb across ALL property types and most noticeably in townhomes (rising by 5% month over month). The average ratio across all property types climbed 1.1% month over month putting the market back on the precipice of a sellers market and revealing that we still have a housing crisis on our doorstep.

The underlying issues that created the housing crisis we’ve seen over the last decade will continue to persist even with an imminent rate hike that we’ll see in September. With both local, national and international pressures applying themselves to the Vancouver market, expect to see more sustained pressure in the fall months as consumer confidence begins to recover.

With anecdotal stories of our Agents going into multiple offers in the last few weeks, chronically low inventory and new listings reducing in numbers… where do the Buyers and the overheated rental market go from here as the search for shelter continues. Stay tuned for the SPECIAL RELEASE coming Sept 7th right after the BoC announcement.


_________________________________


🏡 Visit our website to see active listings and valuable Real Estate information 🏡
→ The Vancouver Life: https://bit.ly/3yN25V7


🏦 Investors 🏦
Join our Investors Group with over 6,600 Members
→ Facebook Group for Investors: https://bit.ly/3CQ7hu3


💥 Follow us on Social Media 💥
→ Instagram: https://bit.ly/3jSkRo1
→ Facebook: https://bit.ly/3g05bxK
→ Twitter: https://bit.ly/3xMGFpZ


_________________________________

The Vancouver Life Real Estate Group are licensed Real Estate Agents at eXp Realty Vancouver / eXp Realty Canada:
🏆 Top 3% Agents 2019, 2020, 2021
🏆 Medallion Club Members 2019, 2020, 2021
🏆 Over $250,000,000 in sales



www.thevancouverlife.com


_________________________________


👩🏼‍💼 Are You A Real Estate Agent? 👨🏼‍💼

Book a 1-on-1 with us to learn how we help agents DOUBLE their business → https://bit.ly/level10agent

This is a taste of what our Coaching Team can offer you, free of charge!

🆓 Google Ads coaching or discounted management
🆓 Level 10 Agent + SIMS Coaching Systems & coaching calls every week
🆓 YouTube, social media & online lead generation coaching
🆓 Access to an online lead generation program
🆓 Access to online lead conversion program
🆓 1-Page business plan created with you by our Coaching team
🆓 90-day Coaching new agent training program
🆓 Your Assistants trained & hired with SIMS assistant team
🆓 Your Inside Sales Agents trained & hired with SIMS powerhouse ISA team
🆓 Access to our private Facebook mastermind Group
🆓 Access to 1-1 when you need us for support
🆓 Access to kvCORE, 40+ weekly training calls, stock, revenue share and more...

👉 Learn more at https://bit.ly/level10agent


_________________________________