Real Estate Market Update July 2023

Real Estate Market Update July 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.

June 2023 sales were up 21.1% from June 2022, down 12.4% from the busy last month and 8.6% below the 10 year average.

However listings are down 7.9% from a year ago and 17.4% below the 10 year average.

This supply-demand dynamic has led to the composite price index (HPI) to an increase of 2.4% from a year ago and up 1.3% from last month – despite higher borrowing costs!

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