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.
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