Vancouver Area Jan 15, 2021 (2-week update)
Current: Vancouver area Real Estate Market are in a Seller Market with an average of 20.3 %SOLD rate. See each city for the full details.
December's Real Estate Statistics continue to show a highly emotional market. We have seen 100% of the Single-Family Homes in Metro Vancouver are in a Seller's Market. The Average Monthly Price jumped up to $56,358! ON the other hand, December's Real Estate Statistics shows that in this highly emotional market that 100% of the Fraser Valley Detached Markets went up this month. The Average Monthly Price jumped up a whopping $40,716. This is the Highest December Price increase on record. This seller's market is partly due to the fact that we have Record-Low listing levels. We are forecasting that the Metro Vancouver Markets will continue to be a Seller's Market for the coming month.
Currently, Condos are in a more subdued Seller's Market with 60% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. The average monthly price increase was a mere $1,522. At the same time, 26 out of 28 Townhouse Markets increased an average of $7,187. We analyze and provides 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighborhood.
Fraser Valley & Chilliwack Jan 15, 2021 (2-week update)
Current: Fraser Valley and the Chilliwack areas overall are in a Seller Market averaging a 38.8 %SOLD rate. See eaccity link for the full details