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Did you buy or sale any real estate in the last 4 months in Yvr lower mainland area?

Snoopy8460

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Mar 26, 2017
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Just wondering what’s the real deal with property prices in the last 4 months. Only from people that has bought or sale property
Did you find that you got a good deal? If you sell how much did you have to drop asking price.
News of property prices is so confusing lately
 

Thomas Beyer

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Depends what you buy. New? Existing? Presales? SF? Condo? MF building? Land? Industrial warehouse? Vacant lot?

Prices down by and large .. some a few percentage points and others 30%+ ... and the more foreign buyer dominated previously the harder the drop such as W Van, Dunbar, Richmond or Point Grey SF homes, or 2016-2017 condo presales in higher end buildings or high end condos $4M+ .. price drop less so in avg person SF home or avg condo in older building, say sub 700,000.

Once we hit bottom, say around mid 2020, expect very sharp rise fast as lots of pent up demand and still high immigration among 20% lower condo and almost no new SF home supply.

Tough to pin point bottom unless in rear view mirror.

https://vancouversun.com/news/local...-stockpile-as-buyers-slow-prices-slide-report

2023 prices possibly higher than peak of 2016 says this analyst and double in 2028 for SF homes https://www.vancourier.com/real-est...oar-after-three-year-slump-analyst-1.23467287

$22B overall BC loss - c/o your minority government http://vancouversun.com/news/local-...al-estate-coming-back-to-reality-realtor-says
 
Last edited:

Devin Roberts

Devin Roberts - Brent Roberts Realty
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Nov 17, 2015
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I have bought and sold both personally and commercially in the last 4 months. As Thomas said, there are many variables. Feel free to contact me for my experiences


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Bill Mitsui

Bill Mitsui
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Oct 15, 2010
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Bought multi family building last month with cash offer. The market is hot for multi family if the price is right in lower mainland,


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