Vancouver's Real Estate Market: Insights from Q1 2024

The Greater Vancouver real estate market has maintained its upward trajectory with increased sale prices and burgeoning market activity throughout the initial quarter of 2024. Presently, the average property in Vancouver commands a price of $1,318,535, which represents yearly price growth of 3.9%. Since the year's commencement, home values have surged by 6%, equating to a noteworthy $76,463 increase. As values rise, sellers are seizing upon favourable market conditions. Total inventory levels have grown to 9,954 active listings, marking a significant 23% annual uptick. With the spring market gaining momentum, heightened activity levels serve as a promising indicator for buyers grappling with recent supply constraints. Click below to read the full report.