Filer & Welch Metro Vancouver Blog

Single Family Homes in Vancouver – July 2022 Sales Report

Infographic displaying data of single family home sales in Vancouver Eastside.

Single family home sales in Vancouver’s Westside and Eastside regions slowed as part of a market trend reflecting consumer uncertainty interest rate hikes and inflation. Despite this, Vancouver’s real estate market continues to see sales for single-family homes.

Sales of Detached Homes in Vancouver Westside continue to Drop 

Vancouver Westside homes sales took a hit this month with the total sales dropping 33% from 70 solds to 47 solds. Despite this sharp decline in sales, the $3M – $3.5M price band led with 12 sales

The most popular neighbourhoods in Vancouver West this month:

Infographic displaying data of Vancouver Westside single family home sales.

Single Family Homes in Vancouver Eastside 

Sales of Single Family Homes in Vancouver Eastside were impacted similarly to Vancouver Westside. With an overall sales ratio of 10%, there were 54 solds and 526 units available – a 30% reduction in sales from the previous month. 

Despite market challenges Strathcona, Fraser, Hastings Sunrise and Knight push ahead

Despite marginal growth or even reduction in inventory levels, some Vancouver East neighbourhoods are still pushing proportionally positive sales. As sales ratios fell in most neighbourhoods during the month of July, neighbourhoods such as Strathcona, Fraser and Hastings Sunrise and Knight saw little to negligible change in their sales ratios. This weathering of changing market conditions could possibly reflect a continued consumer preference for these areas. 

View homes available in Strathcona, Fraser, Hastings Sunrise and Knight here!

Infographic displaying data of single family home sales in Vancouver Eastside.

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Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.