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, 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)

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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!

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

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Burnaby

Apr 1, 2022

Current: Burnaby's Residential Detached housing market is in a Seller Market with 36 %SOLD rate.
(This means 36 homes out of 100 sold last month with an average $112,000 increase from the original price) Lesson

Most Active Range: Homes between $1.7 mill. -$1.9 mill. have 40.0 %SOLD rate
Least Active Range: Homes above $2.5 mill. have 15.0 %SOLD rate.

History: The Burnaby Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $363,358.
The Burnaby Home PriceIndexHPIp (Lower 50%) Year-To-Date shows that prices increased $338,235.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Burnaby has a normal Listing supply; 197 homes are for sale and with the 25 %SOLD monthly rate gives us a ~3 months of inventory. 7% of the active listings have reduced their price by $196,246 on average or $110,000 median. We project Burnaby to be a continued Seller market..

Greater Vancouver April 2022:

Vancouver home prices increased by just $2,372 in April. This is a big drop from the $59,777 increase that we saw in March. This is partially caused by the erosion of consumer confidence with the $2/litre gas prices, interest rates, and economic woes. We are now forecasting that the majority of the Metro Vancouver Markets will be in a Buyers’ Market the next month. The Fraser Valley has already switched to a Buyer's Market with prices dropping a whopping ($43,918).

Currently, the Condo Market is still Stable with an Average Price Increase of $1,617. Meanwhile, Townhouse Markets have switched to a Buyer's Market with an ($8,069) average price decrease. We analyze and provide 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 April 2022:

The Fraser Valley's Detached Home Market has now dropped for the 2nd month in a row. The Average Home Price decreased ($43,918) which is a big change from the $2,921 drop that we saw in March. This adjustment is partially caused by the erosion of consumer confidence with the $2/litre gas prices, interest rates, and economic woes. This is the 4th lowest monthly price decrease we have seen on record. We are now forecasting that the majority of the Fraser Valley Market continues to be in a Buyer's Market in the next coming months.