{"id":6422,"date":"2022-05-05T17:49:53","date_gmt":"2022-05-05T21:49:53","guid":{"rendered":"https:\/\/housesigma.com\/blog-en\/?p=6422"},"modified":"2022-07-04T12:17:59","modified_gmt":"2022-07-04T16:17:59","slug":"greater-vancouver-spring-2022","status":"publish","type":"post","link":"https:\/\/housesigma.com\/blog-en\/greater-vancouver-spring-2022\/","title":{"rendered":"Greater Vancouver Median Home Prices Fall, but Not All Communities Feel the Chill"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img loading=\"lazy\" width=\"640\" height=\"2697\" src=\"https:\/\/housesigma.com\/blog-en\/wp-content\/uploads\/2022\/05\/VANCOUVER_INFOGRAPHIC_09_640.png\" alt=\"\" class=\"wp-image-6429\" srcset=\"https:\/\/housesigma.com\/blog-en\/wp-content\/uploads\/2022\/05\/VANCOUVER_INFOGRAPHIC_09_640.png 640w, https:\/\/housesigma.com\/blog-en\/wp-content\/uploads\/2022\/05\/VANCOUVER_INFOGRAPHIC_09_640-342x1440.png 342w, https:\/\/housesigma.com\/blog-en\/wp-content\/uploads\/2022\/05\/VANCOUVER_INFOGRAPHIC_09_640-486x2048.png 486w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/figure><\/div>\n\n\n\n<h2>Conclusion<\/h2>\n\n\n\n<p>After an unseasonably hot winter market, the Greater Vancouver is beginning to show signs of cooling this spring. The median price for all property types in the Greater Vancouver has decreased from $1.04 million in February to $960K in April, but we can also see that not all property types and municipalities are being affected equally.&nbsp; <\/p>\n\n\n\n<p>Detached Homes Surrey and Maple Ridge dropping by more the 10% from February to April, while Burnaby and West Vancouver have moderate increases in median price, 1.3% and 2.5% respectively. Certain communities have increased their price dramatically over the same period with New Westminster outperforming other municipalities with a 9.12% increase in median price. <\/p>\n\n\n\n<p>Terminated Listings have increased dramatically, with 2,488 terminated listings in February to 4,256 terminated listings in April, an increase of 71% with many of these terminated listings then relisted back on the market at a lower price to attract new buyers. To better measure the true days on market for these relisted properties, we\u2019ve aggregated the days on market for any listing that was terminated and relisted within 6 months. When comparing February to April, we\u2019ve seen the Aggregated Days on Market increase by 144% from 9 days to 22 days. During the same period, available inventory has increased 55% from 7,487 to 11,597 active listings. &nbsp;<\/p>\n\n\n\n<p>This showcases that BC is in a rapidly changing marketplace, and prices are not acting uniformly across Greater Vancouver. However, vigilant buyers are likely to find more value as inventory levels continue to rise.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are people in Greater Vancouver panicking because of the interest hikes? What are the data telling us?<br \/>\nSee our HouseSigma report on the Greater Vancouver market for more information.<\/p>\n","protected":false},"author":7,"featured_media":6427,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"template-centered.php","format":"standard","meta":{"cybocfi_hide_featured_image":"yes"},"categories":[46,1],"tags":[42,43,34,48,39,44,38,40],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Greater Vancouver Median Home Prices Fall, but Not All Communities Feel the Chill - HouseSigma<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesigma.com\/blog-en\/greater-vancouver-spring-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greater Vancouver Median Home Prices Fall, but Not All Communities Feel the Chill - HouseSigma\" \/>\n<meta property=\"og:description\" content=\"Are people in Greater Vancouver panicking because of the interest hikes? What are the data telling us? See our HouseSigma report on the Greater Vancouver market for more information.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/housesigma.com\/blog-en\/greater-vancouver-spring-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"HouseSigma\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/housesigma\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-05T21:49:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-04T16:17:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/housesigma.com\/blog-en\/wp-content\/uploads\/2022\/05\/2-100.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"HouseSigma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@HouseSigmaAI\" \/>\n<meta name=\"twitter:site\" content=\"@HouseSigmaAI\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Greater Vancouver Median Home Prices Fall, but Not All Communities Feel the Chill - HouseSigma","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/housesigma.com\/blog-en\/greater-vancouver-spring-2022\/","og_locale":"en_US","og_type":"article","og_title":"Greater Vancouver Median Home Prices Fall, but Not All Communities Feel the Chill - HouseSigma","og_description":"Are people in Greater Vancouver panicking because of the interest hikes? What are the data telling us? See our HouseSigma report on the Greater Vancouver market for more information.","og_url":"https:\/\/housesigma.com\/blog-en\/greater-vancouver-spring-2022\/","og_site_name":"HouseSigma","article_publisher":"https:\/\/www.facebook.com\/housesigma\/","article_published_time":"2022-05-05T21:49:53+00:00","article_modified_time":"2022-07-04T16:17:59+00:00","og_image":[{"width":1080,"height":1080,"url":"https:\/\/housesigma.com\/blog-en\/wp-content\/uploads\/2022\/05\/2-100.jpg","type":"image\/jpeg"}],"author":"HouseSigma","twitter_card":"summary_large_image","twitter_creator":"@HouseSigmaAI","twitter_site":"@HouseSigmaAI","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/housesigma.com\/blog-en\/greater-vancouver-spring-2022\/#article","isPartOf":{"@id":"https:\/\/housesigma.com\/blog-en\/greater-vancouver-spring-2022\/"},"author":{"name":"HouseSigma","@id":"https:\/\/housesigma.com\/blog-en\/#\/schema\/person\/41c493f34b8da86f471181c70fd92736"},"headline":"Greater Vancouver Median Home Prices Fall, but Not All Communities Feel the Chill","datePublished":"2022-05-05T21:49:53+00:00","dateModified":"2022-07-04T16:17:59+00:00","mainEntityOfPage":{"@id":"https:\/\/housesigma.com\/blog-en\/greater-vancouver-spring-2022\/"},"wordCount":253,"publisher":{"@id":"https:\/\/housesigma.com\/blog-en\/#organization"},"keywords":["Detached Home","Greater Vancouver Real Estate","Housing","Housing Affordability","Median Price","Metro Vancouver Real Estate","Real Estate Blog","Vancouver"],"articleSection":["BC","Real Estate"],"inLanguage":"en-CA"},{"@type":"WebPage","@id":"https:\/\/housesigma.com\/blog-en\/greater-vancouver-spring-2022\/","url":"https:\/\/housesigma.com\/blog-en\/greater-vancouver-spring-2022\/","name":"Greater Vancouver Median Home Prices Fall, but Not All Communities Feel the Chill - HouseSigma","isPartOf":{"@id":"https:\/\/housesigma.com\/blog-en\/#website"},"datePublished":"2022-05-05T21:49:53+00:00","dateModified":"2022-07-04T16:17:59+00:00","breadcrumb":{"@id":"https:\/\/housesigma.com\/blog-en\/greater-vancouver-spring-2022\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/housesigma.com\/blog-en\/greater-vancouver-spring-2022\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/housesigma.com\/blog-en\/greater-vancouver-spring-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/housesigma.com\/blog-en\/"},{"@type":"ListItem","position":2,"name":"Greater Vancouver Median Home Prices Fall, but Not All Communities Feel the Chill"}]},{"@type":"WebSite","@id":"https:\/\/housesigma.com\/blog-en\/#website","url":"https:\/\/housesigma.com\/blog-en\/","name":"HouseSigma","description":"","publisher":{"@id":"https:\/\/housesigma.com\/blog-en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/housesigma.com\/blog-en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/housesigma.com\/blog-en\/#organization","name":"HouseSigma Inc","url":"https:\/\/housesigma.com\/blog-en\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/housesigma.com\/blog-en\/#\/schema\/logo\/image\/","url":"https:\/\/housesigma.com\/blog-en\/wp-content\/uploads\/2017\/09\/logo_green_en_384.png","contentUrl":"https:\/\/housesigma.com\/blog-en\/wp-content\/uploads\/2017\/09\/logo_green_en_384.png","width":384,"height":128,"caption":"HouseSigma Inc"},"image":{"@id":"https:\/\/housesigma.com\/blog-en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/housesigma\/","https:\/\/twitter.com\/HouseSigmaAI"]},{"@type":"Person","@id":"https:\/\/housesigma.com\/blog-en\/#\/schema\/person\/41c493f34b8da86f471181c70fd92736","name":"HouseSigma","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/housesigma.com\/blog-en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7f4fdfc1d4105968183cc2bd3d47ffef?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7f4fdfc1d4105968183cc2bd3d47ffef?s=96&d=mm&r=g","caption":"HouseSigma"},"sameAs":["http:\/\/housesigma.com"],"url":"https:\/\/housesigma.com\/blog-en\/author\/housesigma\/"}]}},"_links":{"self":[{"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/posts\/6422"}],"collection":[{"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/comments?post=6422"}],"version-history":[{"count":9,"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/posts\/6422\/revisions"}],"predecessor-version":[{"id":6681,"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/posts\/6422\/revisions\/6681"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/media\/6427"}],"wp:attachment":[{"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/media?parent=6422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/categories?post=6422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/tags?post=6422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}