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  • Brian C Chung Real Estate Metro Vancouver
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    • AUGUST 2024 Update – Sellers await buyers’ return after quieter summer market

    By admin / 3rd August 2024 / in , , , , , , , , , , , , , , , , , /
    Sellers await buyers’ return after quieter summer market ------- Home sales registered on the MLS® in Metro Vancouver1 remained below their ten-year seasonal averages in August as summer holidays come to a close. Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 1,904 in August 2024, a 17.1 per cent decrease from the 2,296
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    JULY 2024 Update – More selection not translating to more transactions

    By admin / 3rd July 2024 / in , , , , , , , , , , , , , , , , , /
    More selection not translating to more transactions ------- Newly listed properties registered on the Multiple Listing Service® (MLS®) rose nearly twenty per cent year over year in July, helping to sustain a healthy level of inventory in the Metro Vancouver1 housing market. On the demand side, the Greater Vancouver REALTORS®2 (GVR) reports that residential sales in
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    JUNE 2024 Update – Market shifting in buyers’ favour, though hesitation remains

    By admin / 3rd June 2024 / in , , , , , , , , , , , , , , , , , /
    Market shifting in buyers’ favour, though hesitation remains ------- Metro Vancouver1 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 sales2 in the region totalled
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    MAY 2024 Update – Home sales down in May while inventory continues to increase

    By admin / 3rd May 2024 / in , , , , , , , , , , , , , , , , , /
    Home sales down in May while inventory continues to increase ------- 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 Vancouver1. This shift has allowed the inventory of homes available for sale to continue to accumulate with over 13,000
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    APRIL 2024 Update – Inventory reaches highest level since the pandemic summer of 2020

    By admin / 2nd April 2024 / in , , , , , , , , , , , , , , , , , /
    Inventory reaches highest level since the pandemic summer of 2020 ------- Actively listed homes for sale on the MLS® in Metro Vancouver1 continued climbing in April, up 42 per cent year-over-year, breaching the 12,000 mark, a number not seen in the region since the summer of 2020. Greater Vancouver REALTORS® (GVR)2 reports that residential sales3 in the region
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