Vancouver Area   Nov 20, 2020  (2-week update)

Current:  Vancouver area Real Estate Market ranges from a Stable market to Seller Market with an average of 20.3 %SOLD rate.   See each city for the full details.

Forecast: October's Real Estate Statistics shows that in this highly emotional market that all 100% of the Single-Family Homes in Metro Vancouver are in a Seller's Market. This is the 1st time all markets are rising since May 2017. The Average Monthly Prices increased $19,518 which is the highest increase we have seen this year or for any October on record. Same in Fraser Valley, 94% of market increased with $23,580 monthly price increase. Thus, we are forecasting that Lower Mainland Markets (both Fraser Valley and Metro Vancouver Markets) will continue to be Seller’s Market for the coming month.

Currently, Condos are also in a much cooler Seller's Market with 60% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. The average monthly price increase was $1,238. At the same time, 27 out of 28 Townhouse Markets increased an average of $2,980. 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  Nov 20, 2020  (2-week update)

Current:  Fraser Valley and the Chilliwack areas overall are in a Seller Market averaging a 42.2 %SOLD rate.  See each city link for the full details

In the Vancouver area for the Month of October 2020, 13% of the Single Family Home Sold Listings reduced their List Price by the Average of $96,958. This compares to September 2020, when 13% reduced their List Price by the Average of $91,577.
( 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 October 2020, 16% of the Single Family Home Sold Listings reduced their List Price by the average of $43,383. This compares to September 2020 when 17% reduced their List Price by the average of $37,736.

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  Oct 6 2020

Prices have dropped across All Cities, All Markets!

From the Peak in June 2016 (53 months Sales) For Vancouver Detached Homes:
Vancouver Westside and White Rock are both down with 20.3 % and 9.5 %, respectively.

From the Peak in April 2018 (31 months Sales) For Fraser Valley Detached Homes:
Chilliwack homes also got hit with a 2.9 % decrease, and Maple Ridge showed a decline with 1.7 % price decrease. 

(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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