Tim Wray REALTOR® | RE/MAX Crest Realty

Market shifting in buyers’ favour, though hesitation remains

Posted on Jul 03, 2024 in Vancouver Update

Metro Vancouver home sales registered on the MLS® remained below seasonal and historical averages in June. With reduced competition among buyers, inventory has continued to accumulate to levels not seen since the spring of 2019.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,418 in June 2024, a 19.1 per...

Markets Remain in Balance Heading into Summer

Posted on Jun 13, 2024 in BC Real Estate Update

The British Columbia Real Estate Association (BCREA) reports that 8,075 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in May 2024, a 11.6 per cent decrease from May 2023. The average MLS® residential price in BC in May 2024 was down 1.5 per cent at $1 million, compared to an average price of $1.02 million in May 2...

Housing Market Update for May 2024 (Video)

Posted on Jun 10, 2024 in Market Insights Videos

A culmination of factors, from higher borrowing costs, to worries about the economy, to policy interventions imposed by various levels of government, are influencing buyers and sellers today.

SnapStats Market Speedo Infographic - May 2024

Posted on Jun 07, 2024 in Market Speedo Infographic

Metro Vancouver home sales down in May while inventory continues to increase

Posted on Jun 04, 2024 in Vancouver Update

The number of transactions on the Multiple Listing Service® (MLS®) declined in May compared to what is typical for this time of year in Metro Vancouver. This shift has allowed the inventory of homes available for sale to continue to accumulate with over 13,000 homes now actively listed on the MLS® in the region.

The Greater Vancouver REALTORS® (GVR...

New Listings Bounce Higher in April

Posted on May 15, 2024 in BC Real Estate Update

The British Columbia Real Estate Association (BCREA) reports that 7,569 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in April 2024, an increase of 1.5 per cent from April 2023. The average MLS® residential price in BC in April 2024 was up 1.4 per cent at $1 million, compared to an average price of $992,440 in Apr...

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