......

, When do you think 's SFD Home Prices will Peak.. turn to a Buyers Market?  

How can you get More Listings SOLD?
Over Priced Listings are still the #1 problem
(59% expiry rate in 2013):  Only 26% of last years listings were listed on the money to be sold without having to reduce the listing price.

How can make your CMA's More Powerful and get a higher conversion at the RIGHT PRICE?

Over 1,000 CMA'S this Year have used these Advanced tools to get those sharper prices!

The ABSOLUTE Most Accurate Home Price Index (paired) HPIp  now enables you to see the Home Value Histories, the Current Values to help you create your instant CMA's and soon to come the Forecasts

 
, may we show you how we help so many?  (Yes)
Click Here  to Expand the Movie  
Price Reductions Work! In August, in the Vancouver area, 47% of the single family home sales over 30 Days On Market REDUCED their list price by $45,000 (median)
At the same time 59% of the August single family sales in FV/Chilliwack that were over 30 DOM REDUCED their list price by $19,994 (median) 

    Note:  61% of the listings now expiring had no price reduction!  Last year 63.5% of the listings expired!  
  

Sponsored in part by Virtual Real Estate Assistants​


Burnaby

Feb 1, 2018

gas gauge

Current:  Burnaby's Residential Detached housing market is in a seller's Market with 11 %SOLD rate. (This means 11 homes out of 100 sold last month  with an average $96,500  Discount  from  the original price) Lesson

Most Active Range: Homes below $1.3 mill. have 42.3 %SOLD rate
Least Active Range: Homes above $2.5 mill. have 5.9 %SOLD rate.

History: The Burnaby Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $25,400.
The Burnaby Home PriceIndexHPIp (Lower 50%) Year-To-Date shows that prices increased $70,866.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Burnaby has a normal Listing supply; 311 homes are for sale and with the 11 %SOLD monthly rate gives us a ~9 months of inventory. 7% of the active listings have reduced their price by $103,818 on average or $100,000 median. We project Burnaby to be a continued seller's market.

January's Real Estate Statistics shows just 44% of Vancouver's Detached Markets increased values. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price decrease of $12,262, which the same as the $12,671 decrease that we saw in the month prior. On the Average Fraser Valley still has a stronger Market with their $7,012 monthly increase. With the much tougher mortgage lending rules upon us, the higher interest rates, pending trade tariffs and chilly economic winds arriving, we are forecasting the beginning of Buyers Market across most Detached Markets.


Currently, the Condo Markets set the breakneck pace with 93% increasing in Greater Vancouver (Lower Mainland) (28 of 30 Markets). We are forecasting a continued Seller's Market in the Condo Markets for the following months. 57% of the Townhouse Markets are currently increasing (16 out of 28 Markets), but we do expect this market to shift to a Buyer’s Market in the next few months. There is a Notable difference between the top 50% of the markets which are slowing down and decreasing over the much stronger bottom 50% of the markets. We analyze and provide 97 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends every 2 weeks. 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 Neighbourhood.

 

  
......

Spring 2014 Market News

 STOP  61% of 's listings from EXPIRING!

 

 

Re/Max Market Share Reports

Sponsored in part by Virtual Real Estate Assistants​

Hello  , fellow RE/MAX Agent.
These Re/MAX Market Share Reports are sponsored by
the Canada's Most Referred Referral Network! we thank  them for their support and please refer to them in your appreciation.

West Van - Steve Burk North Van - steve Burk Downtown Westend - Steve Burk Van Westside - Sharon Lum Coquiltam - Phil Haig Port Coquiltam and Port Moody -Phil Haig Mission - Bill Coughlin Chilliwack - Corney Les Cultus Lake - Bill Coughlin Abbotsford - Bill Coughlin North Langley - Jorda Langley - Bill Coughlin East Surrey - Greg Mark West Surrey - Greg Mark Burnaby - Albert Yen New West - John Mackenzie North Delta - Tom Edwards White Rock - Team Claude Richmond Multi Family - Larry and Taylor Biggar Richmond - Larry and Taylor Biggar Coal Harbour - Steve Burk N. Burr..by - Charlie Kiers Maple Ridge - Lori Blake Ladner Delta - Gurdial Badh East Van Multi Fmly - Gurdial Badh East Van -Charile Kiers Powell River - Ross Cooper Whistler Edmonton - John Carle Calgary - 1 Calgary - 2 Calgary - 3 Kelowna Edmonton - Jogn Carle 2 Calgary - 4 Calgary - 5 Calgary - 6 Calgary - 7 Calgary - 8 Calgary - 9 Calgary - 10 Calgary - 11 Calgary - 12 Calgary - 13 Nanaimo - Rudi Widdershoven Victoria RMR Referral Network The Network is growing and growing !
 

  

Remax Report ...If you cannot see this image   you need to click through the top link

Remax Report ...If you cannot see this image   you need to click through the top link

NOTE: This representation is based in whole or in part on  the Real Estate Boards of Greater Vancouver, Fraser Valley, Chilliwack which assume no responsibility for its accuracy.

Previous Quarterly Report   The Cumulative report.. the BEST REPORT for your CMA to help you win the listings.                                               Copyright © 2011 by Bill Coughlin

We thank Charlie Kiers for his support of these Burnaby Real Estate Updates which include sub-areas such as East Burnaby, Capitol Hill BN, South Slope, Government Road, Deer Lake etc. Contact Charlie as the Local Expert.... more details.

Burnaby Real Estate Market updates for Deer lake, Goverment road and all other sub areas

Burnaby Real Estate Market updates for Deer lake, Goverment road and all other sub areas

Burnaby Real Estate Market updates for Deer lake, Goverment road and all other sub areas

Burnaby Real Estate Market updates for Deer lake, Goverment road and all other sub areas

Download the full BurnabyMarketupdatereport.PDF

Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc. sub areas updates for Burnaby

Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc. sub areas updates for Burnaby

Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc. sub areas updates for Burnaby

Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc. sub areas updates for Burnaby

This Burnaby Real Estate Market update includes the sub areas Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc.

 

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