April 2024 Housing Market Update
In April 2024, the Vancouver housing market experienced a surge in listings, particularly in single-family homes in North Vancouver, which saw a remarkable 131% increase in listings. This influx of new properties on the market has provided buyers with a plethora of options, making it an opportune time to search for a home with less competition. The increased inventory suggests that if this trend continues, prices could potentially stabilize or even cool down in the near future.
Additionally, both Vancouver and North Vancouver witnessed a significant uptick in sales, indicating strong demand despite the increase in inventory. The balance between supply and demand will be crucial in determining the direction of prices in the coming months, as buyers and sellers navigate these changing market conditions. The interest rate announcement scheduled for June is also expected to impact the market, adding another layer of uncertainty as buyers and sellers assess the implications of potential rate changes on their purchasing decisions.
Vancouver: Sales +15.8% | New Listings +48% | Prices +1%
North Vancouver: Sales +33.9% | New Listings +84% | Prices -0.14%
Feel free to reach out if you want to connect with me! 778-951-5853
If you’d like to see the sold homes in your area please reach out and I will send a curated list of sold homes for you!
Luke Annunziello | Vancouver Realtor
About Luke
Luke is a real estate professional with a distinguished career as a realtor since 2019, specializing in the Greater Vancouver market. His expertise extends beyond traditional real estate services, as he possesses a comprehensive understanding of property renovations, accumulated over a period of seven years. Clients appreciate Luke for his friendly nature and ability to establish rapport, making complex transactions more accessible.
Luke is a part of the esteemed Saretsky group which is part of the top 1% of all realtors in Vancouver. This affiliation with the Saretsky group translates into a range of benefits for his clients. From market expertise and extensive networks to enhanced marketing capabilities and exclusive opportunities, Luke can provide a superior level of service and results for those seeking assistance in the competitive Vancouver real estate market.
When not doing real estate transactions you can find him playing hockey, snowboarding on the mountains or spending time with his wife and daughter. Whether navigating the dynamic Vancouver market or incorporating renovation insights into property dealings, Luke stands as a reliable and professional ally, ensuring a seamless and positive experience for his clientele.
Whether you're looking to buy or sell a property in North Vancouver or elsewhere in Vancouver, Luke is the agent you can trust to guide you through the process and achieve your goals.
