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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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New Westminster - Burnaby East

Jan 1, 2020

Current: New West & E. Burnaby's Residential Detached housing is in a Stable Market with 12 %SOLD rate.
(meaning 12 homes out of 100 sold last month with an average $75,000 Discount from the original list price)

Most Active Range: Homes between $1 mill. - $1.015 mill. have a High 23.1 %SOLD rate.
Least Active Range: Homes between $1.45 mill. - $1.65 mill. have a 6.3 %SOLD rate.

History: The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Upper 50%) shows that prices decreased $42,780.
The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $63,176.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast:New Westminster- East Burnaby has an average Listing Supply; 91 homes are for sale and with the 12 %SOLD Monthly Rate giving us a ~5 Months of Inventory. Another indicator: 9% of the Active Listings have Reduced their Price by $51,500 on Average and $51,500 on Median in the last month. We project New Westminster- East Burnaby Detached to be a Stable Market.

January's Real Estate Statistics shows that we are almost a stable market! Single Family Homes in Metro Vancouver experienced an Average Monthly Price Decrease of $3,176 which is slightly up from $1,777 price decrease the month prior (the inclement weather dampened sales.) The Last 31 consecutives months-long dropping market means that we have built up some pent-up buyers just waiting for the market to the bottom out, and for them to start buying. The Coronavirus growth damages any residual Chinese Foreign investors. Over the next few months, we are forecasting price stabilization in most Vancouver Detached Home Markets. On the other hand, Single Family Homes in the Fraser Valley Market had a $1,642 monthly price increase, which is similar to last month’s price increase of $1,355. We are forecasting the Detached Home Prices to increase across most of the Fraser Valley and the Lower-End Vancouver Markets in the coming months

Currently, the Condo Market presents near stable Market conditions with 73% of the Greater Vancouver (Lower Mainland) Condo Prices increasing just $730 on average. At the same time, 53% of the Townhouse Markets increased $43 on average (22 out of 28 Markets). We are forecasting increasing Condo and Townhouse Markets in the coming months. 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 Neighborhood.

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Spring 2014 Market News

STOP 61% of 's listings from EXPIRING!

Re/Max Market Share Reports

Index Abbotsford 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 East Vancouver West Van North Van

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.

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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.

We thank Bill Coughlin for his support of these New Westminster, E.Burnaby Real Estate Updates which include sub-areas such as Queensborough, Queens Park, West End NW, East Burnaby, The Heights NW etc. Contact Bill as the Local Expert.... more details.

Download the full NewWestminster.E.Burnaby.Marketupdatereport.PDF

This E.Burnaby, New Westminster Real Estate Market update includes the sub areas West End NW, Queensborough, Queens Park, East Burnaby, The Heights NW etc.

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