Dean’s Market Update April 2023

Dean’s Market Update April 2023

Thanks for checking out my monthly real estate update for South Delta and the Real Estate Board of Greater Vancouver (REBGV).

Here is a link to the complete set of charts and graphs – it may be useful to refer to them as you read through this piece!

Here is a link to the Real Estate Board of Vancouver (REBGV) Monthly Market Report.

New listings in March were 22.3% and current supply 17.3% below their respective 10 year averages.

This limited supply coupled with home sales, in the face of elevated borrowing costs, being stronger than expected has led to modest price increases.

Here is a look at the current HPI (House Price Index) graphs:

The question for the months ahead is will we see any kind of an increase in new listings?

I am here to arm you with the best information and give my professional advice so you can make the best decisions to help yourself move forward!

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