The Lower Mainland Real Estate Market Reports, Forecasts and Trends

 


The lower mainland real estate market reports give you live market updates. Pick a city above to see their report!!

                         EXPAND..Interactive Link

 

 
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Vancouver Area  May 3, 2024  (2-week update)

Current:  Vancouver area Real Estate Market is in Seller's Market with an average of 16.8 %SOLD rate.   See each city for the full details.

Forecast:

Greater Vancouver April 2024:

Single-family detached home costs have increased on average by $11,953, slightly less than the $18,256 average rise observed in March. Although fixed mortgage rates have dropped significantly, it seems that buyer confidence is dependent on the Bank's policy rate falling as well, which could entice some buyers to enter the market. We forecast that the seller-friendly real estate market will switch to a buyers within the month.

In Vancouver, the average cost of 78% of condominiums has declined by $536. However, townhouses are selling for an average of $2,505 presently as opposed to $10,973. We forecast the sellers' market to end within the next month.

For the most accurate and up-to-date market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, please don't hesitate to contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 

Fraser Valley April 2024:

Single-family detached home costs have increased on average by $4,367, slightly less than the $13,015 average rise observed in March. Although fixed mortgage rates have dropped significantly, it seems that buyer confidence is dependent on the Bank's policy rate falling as well, which could entice some buyers to enter the market. We forecast that the seller-friendly real estate market will switch to a buyers within the month.

In Fraser Valley, the average cost of 75% of condominiums has gone up by $3,141. However, townhouses are selling for an average of $7,202 presently as opposed to $9,716. We forecast the sellers' market to end within the next month.

For the most accurate and up-to-date market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, please don't hesitate to contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 


Fraser Valley & Chilliwack  May 3, 2024  (2-week update)

Current:  Fraser Valley and the Chilliwack areas are in a Seller's Market averaging a 18.3 SOLD rate.  See each city link for the full details

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by Vancouver Market Reports

 

   Which Real Estate Markets are Going Up or Down Next?
You can follow the Market Money move from the West to the East every 2 weeks. Need a lesson? Call 778-374-3744  
   

Trying to do the math?   STR   Lesson  MTI  Lesson

%SOLD rates for 1 Week below

Now do compare the %SOLD rates to HIGHEST STR below!      Archive

Now do compare the %SOLD rates to last year below! 

Now do compare the %SOLD rates to the year 2022

Now do compare the %SOLD rates to the year 2021

Now do compare the %SOLD rates to the year 2020

%SOLD rates for 1 week      Archive


%SOLD rates for 2 Weeks below

Now do compare the %SOLD rates to last year below!      Archive

Now do compare the %SOLD rates to the year 2022

Now do compare the %SOLD rates to the year 2021

Now do compare the %SOLD rates to the year 2020

Now do compare the %SOLD rates to the year 2019

Now do compare the %SOLD rates to the year 2018

Now do compare the %SOLD rates to the year 2017

Now do compare the %SOLD rates to the year 2016

Now do compare the %SOLD rates to the year 2015

Now do compare the %SOLD rates to the year 2014

Now do compare the %SOLD rates to the year 2013

Now do compare the %SOLD rates to the year 2012

Now do compare the %SOLD rates to the year 2011

 
 


Trying to do the math?   STR   Lesson  MTI  Lesson  

Now do compare the %SOLD and the MTI rates to last year!

Now do compare the %SOLD and the MTI rates to year 2022!

Now do compare the %SOLD and the MTI rates to year 2021!

Now do compare the %SOLD and the MTI rates to year 2020!

Now do compare the %SOLD and the MTI rates to year 2019!

Now do compare the %SOLD and the MTI rates to year 2018!

Now do compare the %SOLD and the MTI rates to year 2017!

Now do compare the %SOLD and the MTI rates to year 2016!

Now do compare the %SOLD and the MTI rates to the year 2015

Now do compare the %SOLD and the MTI rates to the year 2014

Now do compare the %SOLD and the MTI rates to the year 2013

Now do compare the %SOLD and the MTI rates to the year 2012

Now do compare the %SOLD and the MTI rates to the year 2011

 

Archives: Dec 2011

 

Real Estate Market Conditions for the Vancouver Area

 

In the Vancouver area for the Month of April 2024, 10% of the Single Family Home Sold Listings reduced their List Price by an average of $107,956. This compared to March 2024 when 11% reduced their List Price by an average of $101,091.
(Note: the other Two Week Reports ( STR and MTI ) will be more accurate market indicators than this monthly report after the middle of each month)

 

   

Real Estate Market Conditions for the Fraser Valley and Chilliwack Area

In the Fraser Valley-Chilliwack area, for the Month of April 2024, 14% of the Single Family Home Sold Listings reduced their List Price by an average of $51,300.. This is compared to March 2024 when 11% reduced their List Price by an average of $57,896.

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The Best and Worst Investments in Greater Vancouver()


Peak-To-Date: Greater Vancouver Real Estate Markets AVERAGE Prices Changes 
Updated 2024 May   w8cb5a

Prices have dropped across most Cities in All Markets!

From the Peak in Mar 2022 (26 months of Sales) For Vancouver Detached Homes:

Delta is down the most at 9.1%,
Whilst Burnaby declined JUST 1.6%.

From the Peak in Feb 2022 (25 months of Sales) For Fraser Valley Detached Homes:

All cities continue to show a downward trend for average price changes,

 Abbotsford had the biggest drop at   20.1% 

Mission had the 2nd biggest drop at   20.2% 

Abbotsford's High 50% dropped   19.7% or -$446,000.
  and the city with the least drop was North Delta at 11.8%


(Click Image to See the difference between the High and Low Markets)



Compare the HIGH-END and LOW-END Markets

   Houses  Detached Homes                                                                                                                                                 TOP

 
Condos  Attached        High/Low Markets                                                                                                                  TOP

Townhouses  Attached        High/Low Markets                                                                                              TOP

 

Bill Coughlin
"Realtor and Lifestyle Consultant"

 

1-778-374-3744            [email protected]

eXp Realty
Independently Owned and Operated                               Key words Real Estate Investments Housing Market Trends and Forecasts for Vancouver Area

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Bill Coughlin
"Realtor and Lifestyle Consultant"

778-374-3744 cell        1-888-539-4664 Toll free                     [email protected]

EXP Realty

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