According to a recent BNN Bloomberg report, Greater Vancouver real estate sales in April fell 26% from March 2022. So what does that mean exactly?
In this month's Surrey Report, Surrey Real Estate specialist Steve Karrasch of Macdonald Realty reviews the Fraser Valley Real Estate Board’s April 2022 statistics in an effort to bring some clarity & definition as to when the real estate market peaked and what the correction is starting to look like now that prices are starting to peel off and real estate sales are dropping. As with every Surrey Report, the team also breaks down the April 2022 benchmark stats for the City of Surrey.
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Benchmark Prices: (Surrey Combined)
🏠 Detached = $1,868,400 (+33.8%)
🏘 Townhomes = $938,000 (+37.7%)
🌆 Condos = $587,600 (+34%)
For the complete stats package, please visit http://www.fvreb.bc.ca/stats/
Greater Vancouver April home sales plunge nearly 26% from March: https://www.bnnbloomberg.ca/greater-vancouver-april-home-sales-plunge-nearly-26-from-march-1.1760462
#SurreyRealtor #SurreyRealEstateUpdate #SurreyRealEstateMarket
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If you are looking for help or have any questions regarding real estate in Surrey, B.C. or the Fraser Valley, please reach out below using which ever way is most convenient. We also service real estate sales in Langley, Delta, White Rock, Abbotsford, Mission, and more Greater Vancouver Cities.
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The opinions expressed herein are solely that of Steve Karrasch PREC, not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.
