|
Current: East Vancouver has a Seller Market with average listing inventory, 16 %SOLD rate, a 99% Sell/List Ratio and 8 DOM.
(This means an average of a $1 increase on a sale from the original list price)
Most Active Range: Homes below $1.7 mill. have a High 28.2 %SOLD rate.
Least Active Range: Homes above $3.3 mill. have 1.9 %SOLD rate.
History: The East Vancouver Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $203,377
The East Vancouver Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $206,394
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: East Vancouver has average Listing Supply; with 343 homes for sale and the 16 %SOLD monthly rate gives us ~6 months of Inventory. 4% of the active listings have reduced their price by $249,179 on average or $131,500 on median for the last month. We project East Vancouver to be a continued Seller Market.
Greater Vancouver April 2023:
In April, the Greater Vancouver Single-Family Homes increased by a monthly average price of $11,259. This is the 3rd consecutive monthly price increase. Last years buyers that waited for the market bottom are actively buying now. We continue to forecast a Seller's market for the next 6 weeks before stabilizing.
Currently, the Condo and Townhouse Markets continue to be in a Seller's Market, with average price increases of $8,861 and $8,587, respectively. Every Saturday at noon, we analyze 97 different City's House Price Indices and present the MOST ACCURATE Market Trends to you. Please get in touch with us if you'd like a market value update that includes a thorough analysis and forecast for your neighborhood and local market area. - Your Neighborhood.
Fraser Valley April 2023:
The Fraser Valley's Real Estate is heating up with 83% of the Detached Market increased home prices. Single Family Homes Average Price increased by $36,449 in April. This is twice the increase of the $17,585 that we saw the month earlier. Last years buyers that waited for the market bottom are actively buying now. We forecast a Seller's market for the next 10 weeks before stabilizing.
Currently, the Condo and Townhouse Markets continue to be in a Seller's Market, with average price increases of $8,486 and $17,215, respectively. Every Saturday at noon, we analyze 97 different City's House Price Indices and present the MOST ACCURATE Market Trends to you. Please get in touch with us if you'd like a market value update that includes a thorough analysis and forecast for your neighborhood and local market area. - Your Neighborhood.
|
