Vancouver Real Estate Market Forecasts, Reports and Investments Trends
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The Vancouver Housing Market Investments Analysis Reports are updated every week. Pick a city above.   check herez

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Vancouver Area   Oct 4, 2024  (2-week update)

Current:  Vancouver area Real Estate Market is in Stable Market with an average of 10.4 %SOLD rate.   See each city for the full details.

Forecast: The Greater Vancouver's single-family detached home markets are in a strong buyer's market. 83% of the homes are decreasing, resulting in an average $10,723 price drop in August. This is still better than the average decline of $13,353 observed last month. Home sales failed to pick up as house prices are still under pressure from home buyers' lack of affordability, even after the 3/4% interest cuts so far this year. We forecast that the Metro Vancouver area will remain in a buyer's market for the next couple of months.

Townhouse and condo average prices dropped last month by $3,124 and $1,742, respectively. We predict that the condo and townhouse markets in Vancouver will stay in a buyers' market during the next few months.

For the latest market trends, join us every Saturday at noon on VancouverMarketReports.com. We forecast which areas in the Lower Mainland are going up or going down. For a complete update on market values, forecasts, and a detailed analysis of your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

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Fraser Valley & Chilliwack  Oct 4, 2024  (2-week update)

Current:  Fraser Valley and the Chilliwack areas in Stable Market averaging a 11.8 %SOLD rate.  See each city link for the full details

Forecast:  The Fraser Valley's single-family detached homes are in a strong buyer's market. 83% of the homes are decreasing, resulting in an average price drop of $16,574 in August. This is lower than the $8,707 decline the month before. Home sales failed to pick up as house prices are still under pressure from home buyers' lack of affordability, even after the 3/4% interest cuts so far this year. We forecast that the Fraser Valley area will stay in a buyers' market during the next few months.

Townhouse and condo average prices dropped last month by $2,644 and $6,225, respectively. We predict that the condo and townhouse markets in Vancouver will also stay in a buyers' market during the next few months.

For the latest market trends, join us every Saturday at noon on VancouverMarketReports.com. We discuss which areas in the Lower Mainland are going up or going down. For a complete update on market values, forecasts, and a detailed analysis of your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

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Vancouver Area Real Estate Market Investment Conditions - Monthly Overview

In the Vancouver area for the Month of Sept 2024, 17% of the Single Family Home Sold Listings reduced their List Price by an average of $112,197. This compared to Aug 2024 when 14% reduced their List Price by an average of $128,122.
(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 July 2024, 203% of the Single Family Home Sold Listings reduced their List Price by an average of $59,527.. This is compared to June 2024 when 20% reduced their List Price by an average of $51,562.

 

Trying to do the math? Lessons:  STR   MTI 

%SOLD rates for 1 Week below  

Now do compare the %SOLD rates to HIGHEST STR below!    

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

Now do compare the %SOLD rates to the year 2022  

Now do compare the %SOLD rates to the year 2021 

%SOLD rates for 1 week      Archive 


%SOLD rates for 2 Weeks below                  Goto HISTORY

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

Now do compare the %SOLD rates to the year 2022

Now do compare the %SOLD rates to the year 2021

Now do compare the %SOLD rates to the year 2020

Now do compare the %SOLD rates to the year 2019


aaaNow %%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 2022!

Now %%FIRSTNAME do compare the %SOLD and the MTI rates to the year 2021!

Now %%FIRSTNAME do compare the %SOLD and the MTI rates to the year 2020!

Now %%FIRSTNAME do compare the %SOLD and the MTI rates to the year 2019!

Now %%FIRSTNAME do compare the %SOLD and the MTI rates HISTORY

Trying to do the math? Lessons:  STR   MTI 

How the  STR  and  MTI  rates actually work Click here

The Best and Worst Investments in Greater Vancouver()


Peak-To-Date: Greater Vancouver Real Estate Markets 
AVERAGE Prices Changes 

Updated  2024 Oct

Prices have dropped across most Cities in All Markets!

From the Peak in Mar 2022 (30 months of Sales) For Vancouver Detached Homes:

Delta is down the most at 9.1%,
Whilst Burnaby declined JUST 1.7%.

From the Peak in Feb 2022 (31 months of Sales) For Fraser Valley Detached Homes:

All cities continue to show a downward trend for average price changes,

 Abbotsford had the biggest drop at   22.4% 

Chilliwack had the 2nd biggest drop at   20.9% 

Chilliwack's High 50% dropped   23.0% or -$394,225.

  and the city with the least drop was North Delta at 11.8%

 

(Click Image to See the difference between the High and Low Markets)



Compare the HIGH-END and LOW-END Markets

   Houses  Detached Homes                                                                                                                                                 TOP

 
Condos  Attached        High/Low Markets                                                                                                                  TOP

Townhouses  Attached        High/Low Markets                                                                                              TOP

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Bill Coughlin
"Realtor and Lifestyle Consultant"

 

1-778-374-3744            [email protected]

eXp Realty
Independently Owned and Operated                               Key words Real Estate Investments Housing Market Trends and Forecasts for Vancouver Area

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Bill Coughlin
"Realtor and Lifestyle Consultant"

 

1-778-374-3744            [email protected]

EXP Realty
Independently Owned and Operated                               Key words Real Estate Investments Housing Market Trends and Forecasts for Vancouver Area

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