Vancouver Area July 8 2017 (2 week update)
Current: Vancouver area Real Estate Market ranges from a Sellers Market to a Buyers Market with average of 13.2 %SOLD rate. See each city for the full details.
June's Real Estate Statistics show 29% of Vancouver's Detached Markets actually dropped values this month. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price Increase of just $8,046, which is a dramatic decrease over the $40,337 increase that we saw in May, and Single Family Homes in the Fraser Valley experienced an Average Monthly Price Increase of $19,160, which is a small decrease over the $25,106 increase that we saw in May, Last year our Emotionally Charged Single Family Markets peaked in June/July and this year we are forecasting that we are at the end of the Sellers Market across most Detached Markets.
All 100% of the Attached Markets increased across Greater Vancouver's 58 Markets and we forecast a Sellers Market for yet another month. We continue to 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 Neighbourhood.
Fraser Valley & Chilliwack July 8 2017 (2 week update)
Current: Fraser Valley and the Chilliwack areas over all are in a Sellers Market averaging a 26.7 %SOLD rate. See each city link for the full details