New Westminster, E. Burnaby Housing Market Trends

 


  New Westminster, East Burnaby Real Estate Market Reports and Forecasts   Previous Report

East Burnaby, New Westminster Market Update
West End NW, Queensborough, Queens Park, East Burnaby, The Heights NW and all the sub-areas of East Burnaby, New Westminster Real Estate Market Update Report.

      What are New Westminster, E. Burnaby's Best and Worst Investments?

June 1, 2018

Current:  New West & E. Burnaby's Residential Detached housing is in a Stable Market with 14 %SOLD rate. (meaning 14 homes out of 100 sold  last month with an average $13,000 Discount from the original list price)

Most Active Range: Homes below $1 mill. have a High 21.7 %SOLD rate.
Least Active Range: Homes between $1.5 mill. -  $1.65 mill. have 11.1 %SOLD rate.

History: The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Upper 50%) shows that prices increased $43,995.
                 The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $37,124.
                      *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast:New Westminster- East Burnaby has an average Listing Supply; 192 homes are for sale and with the 14 %SOLD Monthly Rate giving us a ~7 Months of Inventory.  Another indicator: 9% of the Active Listings have Reduced their Price by $53,499 on Average and $50,000 on Median in the last month. We project New Westminster- East Burnaby Detached to be a Stable Market.

May's Real Estate Statistics shows 62% of Vancouver's Detached Markets decreased values this last month. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price much stronger decrease of $16,674 which is a marked drop over the $4,857 increase that we saw in the month prior. On the Average Monthly Price decrease of $4,469, which is a Big-Switch from the $13,418 increase that we saw in the month prior. At the same time, the Vancouver Detached Markets showed a price decrease of $16,674. With many new foreign buyer taxes, the much tougher mortgage lending rules, the higher interest rates, trade tariffs, we are forecasting a Buyer's Market across most Detached Markets.

Currently, the Condo Market is turning from Hot to a cooler market, with 53% of the Greater Vancouver (Lower Mainland) still increasing. 61% of the Townhouse Markets are decreasing (17 out of 28 Markets). The "Fear-OF Missing-Out" buyer emotions of yesterday are now being replaced with the "I-Will-Wait" Attitude. We are forecasting a Stabilizing/ Buyers Market in the lower end Condo/Townhouse Markets for the following months. 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 Neighbourhood.

 

 

 

Vancouver real estate investments

 

 

 

 


   New Westminster - Burnaby E.'s Home Evaluator / ROI / Forecaster
Single Family Detached High End .. more than $1,250,000    

What Is Your Home Value, Profit; Return On Investment?
              你的房屋价值 ,利润, 投资收益率知多少?


No Flash? Use our Mobile Friendly Link

Date Value

                                                    计算你的房产价值;     与130的本地和全球市场比较你的投资利润
Calculate Your Home Value & Compare Your ROI to 130 Local & World Markets. 
           

 
 
 
 
cx

We thank Bill Coughlin for his support of these New Westminster, E.Burnaby Real Estate Updates which include sub-areas such as Queensborough, Queens Park, West End NW, East Burnaby, The Heights NW etc. Contact Bill as the Local Expert.... more details.

 include the sub areas West End NW, Queensborough, Queens Park, East Burnaby, The Heights NW etc These E.Burnaby, New Westminster Real Estate updates.

 include the sub areas West End NW, Queensborough, Queens Park, East Burnaby, The Heights NW etc These E.Burnaby, New Westminster Real Estate updates.

 include the sub areas West End NW, Queensborough, Queens Park, East Burnaby, The Heights NW etc These E.Burnaby, New Westminster Real Estate updates.

 include the sub areas West End NW, Queensborough, Queens Park, East Burnaby, The Heights NW etc These E.Burnaby, New Westminster Real Estate updates.

Download the full NewWestminster.E.Burnaby.Marketupdatereport.PDF

These E.Burnaby, New Westminster Real Estate updates include the sub areas Queens Park, East Burnaby, West End NW, Queensborough, The Heights NW etc.

These E.Burnaby, New Westminster Real Estate updates include the sub areas Queens Park, East Burnaby, West End NW, Queensborough, The Heights NW etc.

These E.Burnaby, New Westminster Real Estate updates include the sub areas Queens Park, East Burnaby, West End NW, Queensborough, The Heights NW etc.

These E.Burnaby, New Westminster Real Estate updates include the sub areas Queens Park, East Burnaby, West End NW, Queensborough, The Heights NW etc.

These E.Burnaby, New Westminster Real Estate updates include the sub areas Queens Park, East Burnaby, West End NW, Queensborough, The Heights NW etc.

This E.Burnaby, New Westminster Real Estate Market update includes the sub areas West End NW, Queensborough, Queens Park, East Burnaby, The Heights NW 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    

Burnaby , NewWest Real Estate Adsorption Reports Nov 23 2011

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.

 

study Criteria: Sq.ft. 2000 to 3500, Frontage: Maximum 69, Bedroom: 3 to 6, Age: 3 to 65 years. As per Study area Map

Why we study the market changes

People really want to know if the market is going up or down in the next quarter, and why not; a mistake could cost them 1,000's of their after tax equity!

Basically the average home prices reported by our Real Estate Boards have very little to do with actual home price changes.

In fact,  when the average prices go up, it really could simply mean that during the month a few BIG million dollar homes may have been sold.  When the average home price goes down it could mean that that month a lot of first time buyers bought the cheapest homes in town. In other words, these averages have absolutely NOTHING to do with "did your house value go up or down?".

Let me show you my extensive analyzing of the LOCAL neighborhood market areas and market projections.

Bill Coughlin

"Realtor and Lifestyle Consultant"

604-217-3992 cell
1-888-539-4664 Toll free

Bill@CoughlinTeam.com
vancouvermarketreports.com
  

Re/Max Little Oak Realty
Abbotsford, Mission,Chilliwack BC

Hot New Listings

 Vancouver.real.estate.investments #温哥华房地产投资
 Real Estate
Market Reports

Index

RE/MAX Market Share Reports REMAX



Vancouver.real.estate.investments #温哥华房地产投资

Bill Coughlin
RE/MAX City Realty

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

call me
1-778-374-3744

Coughlinb@gmail.com

    1783 Fairview 1959 Alderlynn 42854 Old Orchard  6285 Edson  408 8531 Young 30919 Silverdale 106 2531 Bourquin CR W 32858 Ashley 9028 Hayward 608 Arnold 4164 Slesse 324 Spruce 42831 Old Orchard 311 14981 101A  McCormick

8888 Shook Rd

   2661 Larkspur   Gods Miracle Gardens  

.....E..

M.

Virtual Real Estate Assistants Mission Homes for Sale Abbotsford Homes for Sale Chilliwack Homes for Sale Langley Real Estate Homes for Sale White Rock & South Surrey Homes for Sale East Surrey Houses for Sale   Coquitlam Homes for Sale Burnaby Homes for Sale Richmond Homes for Sale
Website Development Management System by Global Intranetsites Virtual Real Estate Assistants Epic Nerf War Vedder Park Laser Tag Sardis Chilliwack Isaac and Grandpa Events/ REMAX Market Reports Real time Virtual Assistants Realtors/ REMAX Market Reports REMAX Market Reports