Video: Vancouver realtor cites “large worth drops not getting reported” in housing market

Actual-estate boards have reported about downward strain on Metro Vancouver housing costs.

That is on account of a cooling real-estate market led to by rising rates of interest.

What’s not captured in these studies is what Vancouver realtor Marty Majerski describes in a be aware to the Straight as “some surprising stats”.

“There have been MASSIVE worth drops from the height of the market within the early a part of this 12 months, and they’re merely not getting reported precisely by our actual property boa[r]d,” the REMAX Crest agent wrote.

Majerski has recorded a video displaying “tangible examples of what’s actually occurring on the market”.

For example how costs are dropping, Majerski makes use of a few examples: offered costs within the Gable townhouse complicated in Coquitlam, and gross sales of single-family properties within the Clayton Heights neighborhood of Surrey.

Here is Majerski illustrating how the Metro Vancouver housing market is “coming off the height”.

Video of Better Vancouver Market Replace for July 2022

Marty Majerski is an agent with REMAX Crest.