September 2022 Vancouver Monthly Real Estate Market Report

Interest rates and inflation have slowed the market significantly

Monthly real estate market report – It’s no surprise that inflation is the top story when it comes to market confidence. Sellers are seeing their homes stay on the market longer, and average sales price has come down. Vancouver East Side has seen a more dramatic drop than Vancouver West Side. This is partly due to the huge price gains that the East Side saw during the pandemic. Vancouver West Side prices remained stable during the pandemic, so they are not seeing the same kind of dramatic drops that the East Side is seeing.

In depth statistics for Metro Vancouver

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September at a Glance

Vancouver West Side House

Sale price$3,050,000$3,395,000
Price per Sq.Ft$1,072$1,080
Days on market2221
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Vancouver West Side Condo/Townhome

Sale price$875,000$911,500
Price per Sq.Ft$1,012$995
Days on market1715
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Vancouver East Side House

Sale price$1,768,000$1,660,000
Price per Sq.Ft$779$731
Days on market1815
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Vancouver East Side Condo/Townhome

Sale price$657,000$638,000
Price per Sq.Ft$818$894
Days on market1612
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Photo by David McBee

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