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Mission Housing Market Trends

Index Abbotsford Burnaby North Burnaby Chilliwack Coquitlam North Delta Delta Ladner Langley N. Langley Maple Ridge Mission New West Port Coquitlam Port Moody Richmond Surrey West Surrey East South Surrey White Rock Vancouver Westside Downtown-West End Yaletown East Vancouver West Van North Van

Mission Real Estate Market Reports and Forecasts Previous Reports

Mission Market Update (Detached)

Hatzic, Mission, Stave Falls, Dewdney Deroche, Lake Errock and all the sub-areas of Mission Real Estate Market Update Report.

May 1, 2013

Current: Mission is a Stable Market with high listing inventories, 11 %SOLD rate and Sale Price /List Price = 97% (e.g.: an average of a $12,400 discount on a sale from the original list price) (Lesson)

Most Active Range: Homes between $300,000-$400,000 have 20.5 %SOLD rate.
Least Active Range: Homes between $500,000-$600,000 have a LOW 2.2 %SOLD rate.

History: The Mission Home Price Index HPIp (Top 50%) shows that prices decreased $28,590 in 2012.
The Mission Home Price Index HPIp (Lower 50%) shows that prices decreased $15,111 in 2012.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Mission has good Listing Supply; 411 homes are for sale and with the stable 11 %SOLD monthly rate gives us a ~9 months of inventory. At this sell through rate approximately 210 of these listings will not sell. Currently 33% of the active listings have reduced their price by $27,641 on average or $14,350 median. The Spring Fever and the Election Resolve should inspire a new buyers confidence. Buyers are expected to be out in full force taking advantage of our great market incentives with these lower costs of ownership.

Bill Coughlin presents these Mission Real Estate Market Updates which include sub-areas such as Stave Falls, Dewdney Deroche, Hatzic, Mission, Lake Errock etc. Contact Bill as the Local Expert..... more details.

Download the full Mission.Marketupdatereport.PDF

This Mission Real Estate Market update includes the sub areas Lake Errock, Hatzic, Mission, Dewdney Deroche, Stave Falls etc.

Click Image to compare previous STR/ MTI graphs Trying to do the math? Lessons: STR MTI

Ladner, South Delta, Real Estate Market Update Report

Mission Real Estate Market Analysis Reports

This is the most accurate %SOLD-Monthly Sell Through Rates (STR Graph) using a 4 week time period to analysis the housing prices and Market trends. This Market Report is derived from the exact Sat to Friday 4 week time periods and this is dramatically more accurate than the month to month comparisons that vary based on actual working days eg month, weekends. These trends enable Real Estate Market predictions and forecast outlooks.

Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

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