.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  Jan 6 2017  (2 week update)

Current:  Vancouver area Real Estate Market ranges from a Stable to a Buyers Market with average of 4.7 %SOLD rate.   See each city for the full details.

Forecast:  December's Real Estate Statistics indicate the Markets are stabilizing. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price Decrease of $10,867, which is an improvement from the  $14,393 decrease that we saw in November. Whereas, Single Family Homes in Fraser Valley experienced an Average Monthly Price Decrease of $3,717, which is an improvement from the  $7,484 decrease that we saw in November. Remember, December is traditionally a slower Market paired, with some extreme weather interference affecting Market Activities.

The Chinese Investment purchases traditionally continue just beyond the Chinese New Year, this January 28th.

The Local Consumer Confidence in the Vancouver Markets actually has shown a brisk uptick in the last two weeks. Now, with the recent moves to increase insured mortgage qualifications to 4.64%, we are forecasting a Buyer's Market over the next season in most "Job-Dependent" markets. We continue to analyze and provide 98 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends.  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 Neighbourhood.


Fraser Valley & Chilliwack Jan 6 2017 (2 week update)

Current:  Fraser Valley and the Chilliwack areas over all are in a Buyers Market to Stable Market averaging a 11.0 %SOLD rate.  See each city link for the full details

November's Real Estate Statistics indicate the Down-Sizing-Trend and First -Time-Buyers carried the day with Condo's increasing in 73% of the Greater Vancouver Markets (22 of 30 markets). Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price Decrease of $14,393, which is an improvement from the  $24,910 decrease that we saw in October. Whereas, Single Family Homes in Fraser Valley experienced an Average Monthly Price Decrease of $7,484, which is an improvement from the  $9,139 decrease that we saw in October. Remember, this is November which is traditionally a slower Market.

With the 15% additional tax on Foreign Buyers in Metro Vancouver, our Foreign Buyers have now switched to Seattle, Toronto and London England as their top investment destinations. The Chinese investment purchases would traditionally start right now and last till just past the Chinese New Year this January 28. We are closely watching to see if there is any substantial rebound in Mainland Chinese Buyer activity.  

The Local Consumer Confidence in the Vancouver Markets actually had a modest recovery in the last 2 weeks. Now, with the recent moves to increase insured mortgage qualifications to 4.64%, we are forecasting a Buyer's Market over the next season in many markets. We continue to analyze and provide 98 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends.  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 Neighbourhood.

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Vancouver Area Real Estate Market Investment Conditions - Monthly Overview

In the Vancouver area for the Month of Dec 2016, 27% of the Single Family Home Sold Listings reduced their List Price by the Average of $107,846. This compares to the Nov 2016, when 27% reduced their List Price by the Average of $88,597.  
( 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 Dec 2016, 27% of the Single Family Home Sold Listings reduced their List Price by the average of $37,887. This compares to the Nov 2016 when 32% reduced their List Price by the average of $37,992.

Trying to do the math? Lessons:  STR   MTI 

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

Now do compare the %SOLD rates to the year 2015

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