The BCFSA recently conducted a deep dive into 3,266 residential real estate sales conducted between the period of February 19, 2023 and March 18, 2023. This sample size represented approximately 62% of the estimated 5,286 residential sales conducted during that time period. The BCFSA shared their findings regarding how many transactions were in a multiple offer scenario, how many were unconditional, and what the average days on market and the average sale price versus list prices.

In this video, Surrey real estate Specialist, Steve Karrasch of Macdonald Realty walks through the highlights of the BCFSA’s findings.

Real Estate Brokerage Data Call: 2023 Summary Report https://www.bcfsa.ca/media/3366/download

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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.