Dean’s Real Estate Update May 2023

Dean’s Real Estate Update May 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.

Historical perspective:

  • The REBGV reports that residential home sales in the region totaled 2,7412 in April 2023 –  15.6 per cent below the 10-year seasonal average (3,249).
  • There were 4,307 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in April 2023 – 22 per cent below the 10-year seasonal average (5,525).
  • The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,170,700. This represents a 7.4 per cent decrease over April 2022 and a 2.3 per cent increase compared to March 2023.

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!

call/text:  604.603.8538

or email:  dbauck@deanbauck.com