Vancouver Area   June 17, 2022  (2-week update)

Current:  Vancouver area Real Estate Market is in Stable Market with an average of 12.2 %SOLD rate.   See each city for the full details.

Forecast:

May's Real Estate Statistics shows Vancouver's Detached Markets decreased by ($25,900) on average that is 76% of the homes dropped in value. This is the 3rd drop since Peak (Feb 2022). This is partially caused by the erosion of consumer confidence with the $2+/litre gas prices, interest rates, and economic woes. We are now forecasting that the majority of the Metro Vancouver Markets will be in a continued Buyer’s Market for the months. The Fraser Valley prices dropped a whopping ($44,898) on average.

Currently, Both the Condo Markets and Townhouse Markets are in a Buyer's Market, with an Average Price decrease of ($10,062) and ($16,759) 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  June 17, 2022  (2-week update)

Current:  Fraser Valley and the Chilliwack areas overall are in a Seller Market averaging a 10.8 %SOLD rate.  See each city link for the full details

Forecast: 

The 89% of Fraser Valley's Detached Home Market dropped in May and Average Prices decreased ($44,898). This is the biggest MAY drop we've seen on record. This adjustment is partially caused by the erosion of consumer confidence with the $2+/litre gas prices, interest rates, and economic woes. This is the 3rd lowest monthly price decrease of all time. We are now forecasting that the majority of the Fraser Valley Market continues to be in a Buyer's Market in the next coming months.

Currently, Both the Condo Markets and Townhouse Markets are in a Buyer's Market, with an Average Price decrease of ($10,062) and ($16,759) 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.

In the Vancouver area for the Month of May 2022, 12% of the Single Family Home Sold Listings reduced their List Price by the Average of $131,567. This compares to Apr 2022, when 5% reduced their List Price by the Average of $183,409
( 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.)

In the Fraser Valley-Chilliwack area, for the Month of May 2022, 22% of the Single Family Home Sold Listings reduced their List Price by an average of $81,956. This compares to Apr 2022 when 14% reduced their List Price by an average of $92,014.

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 April

Prices have dropped across All Cities, All Markets!

From the Peak in June 2016 (71 months Sales) For Vancouver Detached Homes:

Vancouver Westside is down with 0.3%, Whilst White Rock went up 39.6%.

From the Peak in April 2018 (49 months Sales) For Fraser Valley Detached Homes:

All cities continue to show an upward trend, especially Abbotsford at 72.0% and  74.6% for Chilliwack

(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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