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Current: Vancouver Downtown's Residential Attached housing market is a Stable market with 8 %SOLD rate and a 95% Sell/List Ratio.
(This means 8 homes out of 100 sold with an average of $37,500 discount on a sale from original list price)
Most Active Range: Homes between $500,000 - $600,000 have 50.0 %SOLD rate.
Least Active Range: Homes between $1.3 mill. - $1.8 mill. have 3.6 %SOLD rate
History: The Vancouver Downtown Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $138,000.
The Vancouver Downtown Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $81,297.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Current listing inventories are 64% more than the same month last year meaning that we are seeing a reduced listings supply. The buyer demand is strong. We project Vancouver Downtown to be a continued Stable market
March's Real Estate Statistics shows some of our Markets are NORMALIZING with 54% of Vancouver's Detached Markets increasing values this month. Generally, Single Family Homes in Metro Vancouver experienced an Average Monthly Price decrease of $5,048 which is an improvement from last month's $13,230 price drop. On Average, the Fraser Valley's Market significantly improved with $2,661 monthly price increase. The following month's forecasts are: a Stable Detached Market across most of Vancouver and a Seller Market in the Fraser Valley.
Currently, the Condo Market presents a Cooler Market with 67% of the Greater Vancouver (Lower Mainland) are decreasing prices. On the other hand, 61% of the Townhouse Markets are increasing. (17 out of 28 Markets). We are forecasting a continued Buyer’s Market in all Condo Markets whereas Townhouse Markets are Stabilizing. We 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 Neighborhood.
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