Vancouver Area   Aug 12, 2022  (2-week update)

Current:  Vancouver area Real Estate Market is in Stable Market with an average of 8.7 %SOLD rate.   See each city for the full details.

Forecast:

July Real Estate Market shows that 95% of Vancouver's Detached homes monthly prices dereased in July by ($27,459) on average. This is the 2nd biggest drop we've seen since Aug 2016.  On the other hand, the Fraser Valley prices dropped a record ($54,553) on average. This drop is caused by  interest rates increases, and recession worries. We are forecasting that the majority of the Metro Vancouver Markets will continue to be in a Buyer’s Market for the next 6 months.

Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with Average Price decrease of ($5,978) and ($15,528) respectively. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. 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.

Fraser Valley & Chilliwack  July 29, 2022  (2-week update)

Current:  Fraser Valley and the Chilliwack areas overall are in a Stable Market averaging a 8.1 %SOLD rate.  See each city link for the full details

Forecast: 

July shows that monthly prices decreased  in  all the Fraser Valley's Detached Market by ($54,553) on average. This is the ALL-TIME price drop we have seen on Record.  This drop is caused by  interest rates increases, and recession worries. We are forecasting that the majority of the Fraser Valley Markets will continue to be in a Buyer’s Market for the next 6 months.

Currently, Both the Condo Markets and Townhouse Markets are in a Buyer's Market, with Average Price decrease of ($5,978) and ($15,528) respectively. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. 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.

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 to the year 2018!

Now %%FIRSTNAME do compare the %SOLD and the MTI rates to the year 2017!

Now %%FIRSTNAME do compare the %SOLD and the MTI rates to the year 2016!

Now %%FIRSTNAME do compare the %SOLD and the MTI rates to the year 2015!

Now %%FIRSTNAME do compare the %SOLD and the MTI rates to the year 2014!

Now %%FIRSTNAME do compare the %SOLD and the MTI rates to the year 2013!

Now %%FIRSTNAME do compare the %SOLD and the MTI rates to the year 2012! Now %%FIRSTNAME do compare the %SOLD and the MTI rates to the year 2011!

The Best and Worst Investments in Greater Vancouver()

Peak-To-Date: Greater Vancouver Real Estate Markets 
AVERAGE Prices Changes 
Updated  2022 July

Prices have dropped across All Cities, All Markets!

From the Peak in Mar 2022 (4 months Sales) For Vancouver Detached Homes:

East Vancouver is down with 5.9%, Whilst White Rock declined 5.4%.

From the Peak in Feb 2022 (5 months Sales) For Fraser Valley Detached Homes:

All cities continue to show a downward trend, especially Langley Cloverdale at 14.5% and
  11.5% for Chilliwack on average price changes. 

(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

Bill Coughlin
"Realtor and Lifestyle Consultant"

1-778-374-3744            Bill@coughlinteam.com

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

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