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?

Nov 1, 2017

Current:  New West & E. Burnaby's Residential Detached housing is in a Sellers Market with 13 %SOLD rate. (meaning 13 homes out of 100 sold  last month with an average $30,000 Discount from the original list price)

Most Active Range: Homes between $1,000,000 - $1,150,000 have a High 38.5 %SOLD rate.
Least Active Range: Homes between $1,350,000 - $1,500,000 have 5.6 %SOLD rate.

History: The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Upper 50%) shows that prices increased $78,087.
                 The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $68,614.
                      *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; 160 homes are for sale and with the 13 %SOLD Monthly Rate giving us a ~8 Months of Inventory.  Another indicator: 8% of the Active Listings have Reduced their Price by $38,600 on Average and $45,000 on Median in the last month. We project New Westminster- East Burnaby Detached to be a  sellers Market.

October's Real Estate Statistics show our Markets have NORMALIZED with just 33% of Vancouver's Detached Markets increasing values this month. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price Decrease of $10,887, which is less than the $12,693 decrease that we saw in the month prior. The Average Fraser Valley Markets are still stronger with a $1,381 monthly increase. Detached Markets values in October experienced an Average Monthly Price decrease of $1,381, which is a reduction of the $2,054 increase that we saw in the month prior. The FV is still a much stronger market than the Vancouver Detached Markets which just had a $10,887 monthly decrease. We are forecasting the beginning of Buyers Market across many Detached Markets, with Chilliwack being one of the last holdouts. We are forecasting the beginning of Buyers Market across most Detached Markets

Currently, the Attached Markets carry the day with 75% still increasing in Greater Vancouver (Lower Mainland) (43 of 58 Markets). We are forecasting a continued Seller's Market in the Attached Markets. 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.

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


 

Index Vancouver,  Downtown-West End, Yaletown, Richmond,  East Van,  West Van,  North Van, South Burnaby, North Burnaby, E.Burnaby-New WestCoquitlam, Port Coquitlam-Port Moody, Maple Ridge, White Rock, N. Delta, W. Surrey E. Surrey, Langley, North Langley, Chilliwack, Mission,  Abbotsford, East vrs West

  East Burnaby, New Westminster 

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.

 

tudy 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

 

Vancouver real estate investments

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

 

 

 

 

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 Real time Virtual Assistants Realtors/ REMAX Market Reports REMAX Market Reports