East Surrey Housing Market Forecasts and Trends

 


  East Surrey Real Estate Market Reports and Forecasts 

East Surrey Market Update Report

Fraser Heights, Fleetwood Tynehead, Panorama Ridge, Sullivan Station, Guildford and all the sub-areas of East Surrey Real Estate Market Update Report.

      What are East Surrey's Best and Worst Investments?

Nov 1, 2020

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Current:  East Surrey is in a Seller Market with 25 %SOLD rate, 14 DOM and 99% Sell/List Ratio.
                      (This means that there is an average (m) of a $14,000 discount from the original list price)

Most Active Range: Homes between $900,000 - $1.0 mill. have 45.0 % SOLD rate.
Least Active Range: Homes above $1.7 mill. have 12.1 %SOLD rate.

History: The Surrey East Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $50,999.
               The Surrey East Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $54,999.
                        *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: East Surrey has an average Listing Supply; 346 homes are for sale and with the 25 %SOLD  monthly rate gives us ~4 months of inventory. 8% of the active listings have reduced their price by $60,109 on average or $40,000 on median in the last month. We project East Surrey to be a continued Seller market.

October's Real Estate Statistics shows that in this highly emotional market that all 100% of the Single-Family Homes in Metro Vancouver are in a Seller's Market. This is the 1st time all markets are rising since May 2017. The Average Monthly Prices increased $19,518 which is the highest increase we have seen this year or for any October on record. Same in Fraser Valley, 94% of market increased with $23,580 monthly price increase. Thus, we are forecasting that Lower Mainland Markets (both fraser Valley and Metro Vancouver Markets) will continue to be Seller’s Market for the coming month.

Currently, Condos are also in a much cooler Seller's Market with 60% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. The average monthly price increase was $1,238. At the same time, 27 out of 28 Townhouse Markets increased an average of $2,980. 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.


   Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

 

   We invite you to analyze your home value/investment in 30+ market areas by inputting your previous purchase price and date in the Evaluator below! See "Evaluator / Forecaster" movie for directions. To see your homes monthly price changes from now on, just email your report to yourself. (3 bars link to email function)

 

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Single Family Detached High End .. more than $1,200,000     

  Is your home value going up or down today and tomorrow?
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We thank Bill Coughlin for his support of these East Surrey Real Estate Market Updates which include sub-areas such as Panorama Ridge, Fraser Heights, Fleetwood Tynehead, Sullivan Station, Guildford etc. Contact Bill as the Local Expert..... more details.

Sullivan Station, Guildford, Panorama Ridge, Fraser Heights, Fleetwood Tynehead and all the sub-areas of East Surrey Real Estate Market Update Report.

Sullivan Station, Guildford, Panorama Ridge, Fraser Heights, Fleetwood Tynehead and all the sub-areas of East Surrey Real Estate Market Update Report.

Sullivan Station, Guildford, Panorama Ridge, Fraser Heights, Fleetwood Tynehead and all the sub-areas of East Surrey Real Estate Market Update Report.

Sullivan Station, Guildford, Panorama Ridge, Fraser Heights, Fleetwood Tynehead and all the sub-areas of East Surrey Real Estate Market Update Report.

Download the full East.Surrey.Marketupdatereport.PDF

The sub areas of East Surrey are Panorama Ridge, Fraser Heights, Fleetwood Tynehead, Sullivan Station, Guildford etc

The sub areas of East Surrey are Panorama Ridge, Fraser Heights, Fleetwood Tynehead, Sullivan Station, Guildford etc

The sub areas of East Surrey are Panorama Ridge, Fraser Heights, Fleetwood Tynehead, Sullivan Station, Guildford etc

The sub areas of East Surrey are Panorama Ridge, Fraser Heights, Fleetwood Tynehead, Sullivan Station, Guildford etc

This East Surrey Real Estate Market update includes the sub areas Sullivan Station, Guildford, Panorama Ridge, Fraser Heights, Fleetwood Tynehead etc.

Click Image to compare previous STR/ MTI graphs            Trying to do the math? Lessons:  STR   MTI 

Ladner, South Delta, Real Estate Market Update Report

 

Real Estate Market Analysis Reports     W. Surrey, E. Surrey, N. Delta 

This is the most accurate  %SOLD-Monthly Sell Through Rates (STR Graph)  using a 4 week time period to analysis the housing prices and Market trends. This Market Report is derived from the exact Sat to Friday 4 week time periods and this is dramatically more accurate than the month to month comparisons that vary based on actual working days eg month, weekends. These trends enable Real Estate Market predictions and forecast outlooks.

North Delta, Surrey Real Estate Market Update Report.

 

Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

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Bill Coughlin
EXP Realty

For Real Estate in Abbotsford, Mission, Langley, Surrey and Chilliwack

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1621 King George 5341 256 1783 Fairview 33320 Tree Top Terrace 418 33318 Bourquin Cres 43250 Old Orchard 30513 Silverdale Ave 8912 Foulds Street 7420 112 St  304 33599 2nd Ave  3374 273B St 10097 Killarney 202 45729 Gaetz St 41023 Yale Rd 50380 Yale Rd 28258 Myrtle Ave Edsen 10554 Ponderay St 7182 Dixon Dam Rd. Vernon 30782 Dewdney Trunk Rd 2501 Grosvenor Pl 8865 Foulds 32858 Ashley 46925 Extrom 8980 189 Street 31750 Silverdale 2404 108 W Cordova 63615 Elder Rd 7955 229 324 Spruce    

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