The Mic for Vancouver Real Estate

August Market Update 2023

September 27, 2023 Joe Lee + Jeff Chan Season 2 Episode 18
August Market Update 2023
The Mic for Vancouver Real Estate
More Info
The Mic for Vancouver Real Estate
August Market Update 2023
Sep 27, 2023 Season 2 Episode 18
Joe Lee + Jeff Chan

Welcome to Episode 37 of The Mic for Vancouver Real Estate: August 2023 Market Update—Your Ultimate Guide to Dominating the Market!
Summer's wrapping up, and we've got a sizzling August update you won't want to miss!

The market's been a rollercoaster, but we've got the quick stats and hot takes to keep you ahead of the game.

Sales are up 21.4% from last August but down 6.5% from July. HPI Prices have hit $1,208,400, showing a slight year-over-year increase. Inventory is up but still below seasonal averages, and the sales-to-active ratio remains stable. Expert Andrew Lis says the market is defying expectations, and we're seeing a cooling trend in detached houses. If you're thinking of upsizing, now might be the perfect time.

Watch us on Youtube: https://youtu.be/0SdyPaB9Bfg

🎧Subscribe to The Mic for Vancouver Real Estate and stay ahead of the curve! Until next time, keep dominating the market! 🚀




Show Notes

Welcome to Episode 37 of The Mic for Vancouver Real Estate: August 2023 Market Update—Your Ultimate Guide to Dominating the Market!
Summer's wrapping up, and we've got a sizzling August update you won't want to miss!

The market's been a rollercoaster, but we've got the quick stats and hot takes to keep you ahead of the game.

Sales are up 21.4% from last August but down 6.5% from July. HPI Prices have hit $1,208,400, showing a slight year-over-year increase. Inventory is up but still below seasonal averages, and the sales-to-active ratio remains stable. Expert Andrew Lis says the market is defying expectations, and we're seeing a cooling trend in detached houses. If you're thinking of upsizing, now might be the perfect time.

Watch us on Youtube: https://youtu.be/0SdyPaB9Bfg

🎧Subscribe to The Mic for Vancouver Real Estate and stay ahead of the curve! Until next time, keep dominating the market! 🚀