Vancouver Real Estate Market Forecasts, Reports and Investments Trends
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The Vancouver Housing Market Investments Analysis Reports are updated every 2 weeks. Pick a city above.

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Vancouver Area  July 22 2016  (2 week update)

Current:  Vancouver area Real Estate Market ranges from a Stable to a Sellers Market with a strong 16.2 %SOLD rate.   See each city for the full details.

Forecast: June's Real Estate Statistics indicate that the Cashing-Out-Vancouverites who are moving out to the Suburbs continue to drive the Real Estate Engine in the Fraser Valley. While the Monthly Price increases are continuing in the Fraser Valley, Many markets in Greater Vancouver are now  experiencing a Seasonal Slowing.  Single Family Houses in the Fraser Valley have increased  an Average Monthly Average of $22,741 which is down from the $31,107 increase we saw in May. Single Family Houses in the Fraser Valley have increased  an Average Monthly Average of $22,741 which is down from the $31,107 increase we saw in May.  Both the Townhouse and Condominium Markets (58 of 58 Markets reporting) have price increases, and for the first time are stronger than some Single Family Home market places.

On another note, Vancouver Market Reports has always tracked Market activity in countries we identified as the most influential in our Foreign Buyers. Knowing what is going on in those countries gives us secondary insight and the ability to project their increasing or decreasing influence in our Marketplace.  We are proud to announce the release of our New Home Price Index for Hong Kong, Beijing and Shanghai which is built and calculated from Sales Data from as early as 2000. This addition now means that we now provide Comparative Investment Analysis for over 150 Market Areas through Greater Vancouver, 7 other Canadian Cities and 15 other Cities around the World.

We forecast the Off-shore Buyers and energized Local Buyers to continue at a more moderate pace for the next few months.  Many markets are now converting into a Buyers Market.


Fraser Valley & Chilliwack July 22 2016 (2 week update)

Current:  Fraser Valley and the Chilliwack areas over all are in a Buyers/Stable Market averaging a 21.2 %SOLD rate.  See each city link for the full details

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Vancouver Area Real Estate Market Investment Conditions - Monthly Overview

In the Vancouver area for the Month of June, 8% of the Single Family Home Sold Listings reduced their List Price by the Average of $120,010. This compares to the May 2016, when 8% reduced their List Price by the Average of $103,047.  
( Note: the other Two Week Reports ( STR and MTI ) will be more accurate market indicators than this monthly report after the middle of each month.)



Fraser Valley & Chilliwack Area Real Estate Investment Market Conditions - Monthly Overview

In the Fraser Valley-Chilliwack area, for the Month of June, 7% of the Single Family Home Sold Listings reduced their List Price by the average of $48,635. This compares to the May 2016 when 7% reduced their List Price by the average of $39,536.

Trying to do the math? Lessons:  STR   MTI 

July 22 2016 Real Estate Market Update

Vancouver Region:
The 507 Residential Single Family Detached Sales in the Vancouver Region for the last two weeks is 15
% less from the same time period last year. Total Listing Inventory is 9% less than the same period last year.
We have an increase in buyers across the lower mainland especially the Vancouver area. This has firmly moved many sub areas into a rising market.

In the Fraser Valley and Chilliwack Market:

The 507 Single Family Detached Sales for the last two week period is 17% less than the same time period last year. The current inventory of 4,016 Single Family Residential Listings is 9% less than last year. Most sub areas are now in a sellers market

Now do compare the %SOLD rates to last year below!      Archive

Now do compare the %SOLD rates to the year 2014

Now do compare the %SOLD rates to the year 2013

Now do compare the %SOLD rates to the year 2012

Now do compare the %SOLD rates to the year 2011

 

Now %%FIRSTNAME do compare the %SOLD and the MTI rates to last year!

Now %%FIRSTNAME do compare the %SOLD and the MTI rates to the year 2013!

Now %%FIRSTNAME do compare the %SOLD and the MTI rates to the year 2012!

 

Now %%FIRSTNAME do compare the %SOLD and the MTI rates to the year 2011!

 

Archives: Dec 2011

Trying to do the math? Lessons:  STR   MTI 

How the  STR  and  MTI  rates actually work Click here

 


Did Vancouver Real Estate Really go up 31% in the last year? 

                                                                             True or False?

 

Year to Date Real Estate Price Changes
 

Single Family Homes Top 50%   See all Markets

Here on the first Graph the Year to Date Price Changes for the Top 50% Single Family Housing Market comparing all cities in the Greater Vancouver areas is up an AVERAGE 


Now compare this to the Condo ​Markets   (Lower 50%See all Markets

Yes the Lower 50% of the Condo Market some cities actually went Down on Average.

Do notice that only a few cities even beat our expected 2% Canada Consumer Annual Inflation Rate.

Are Condos a good investment?     When will they go up?

Low End Condos attract very little foreign investment. This Market is considered mostly a Job Driven Market!

The Condo market will recover and increase when Demand Increases  eg: when we have stronger employment with good paying jobs. More Tim Horton jobs will not create many more home buyers.

The Condo Market is so easy to Over Supply with the many new high rises currently being developed this year.  Single Family Lots ...in other words "DIRT" will continue to be the the one true investment that can rarely be over supplied.

See all Markets

                                                                                                                                  

Bill Coughlin
"Realtor and Lifestyle Consultant"

 

1-778-374-3744            Bill@coughlinteam.com

Re/Max City Realty
Independently Owned and Operated                               Key words Real Estate Investments Housing Market Trends and Forecasts for Vancouver Area

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Bill Coughlin
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call me 1-778-374-3744
Email: Bill@CoughlinTeam.com