Year-End Wrap-Up: Vancouver Real Estate Market Holds Strong with Average Home Price Over $1.1 Million!

 Vancouver's real estate market ends 2023 strong with an average home price surpassing $1.1 million. Despite a 3.2% increase in December sales, the market stays balanced amid challenges like high borrowing costs. 1,327 new listings last month reflect a 9.9% uptick from the previous year. December's benchmark home price hit $1,168,700, a 5% YoY increase but a slight 1.4% dip from November 2023. Inventory and demand continue to drive Vancouver's real estate market.