Vancouver Area   Dec 6, 2019  (2-week update)

Current:  Vancouver area Real Estate Market ranges from a Sellers Market to a Buyers Market with an average of 12.8 %SOLD rate.   See each city for the full details.

Forecast: November's Real Estate Statistics shows Single Family Homes in Metro Vancouver experienced an Average Monthly Price Decrease of $5,488. This is an improvement from the $8,735 drop in October. While home prices declined for 29 consecutive months, we have built up a lot of pent-up buyers just waiting for the market to bottom out. Now some of these buyers are finally stepping back into the market in the lower-end price ranges. Today we have a stark difference between the Low-End and High-End Markets. Over the next few months, we are forecasting price stabilization in the Low-End (lower-50%) and continual decline for the High-End (Top-50%) Vancouver Detached Home Markets.

Currently, the Condo Market presents near stable Market conditions with 57% of the Greater Vancouver (Lower Mainland) Condo Prices decreasing just $308 on average. On the same note, 57% of the Townhouse Markets decreased $623 on average (12 out of 28 Markets). We are forecasting a stable Condo and Townhouse Markets in the coming months. We analyze and provide 97 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends every 2 weeks. 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  Dec 6, 2019  (2-week update)

Current:  Fraser Valley and the Chilliwack areas overall are in a Stable Market averaging a 18.8 %SOLD rate.  See each city link for the full details

In the Vancouver area for the Month of November 2019, 24% of the Single Family Home Sold Listings reduced their List Price by the Average of $93,701This compares to October 2019, when 25% reduced their List Price by the Average of $92,940.
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 November 2019, 31% of the Single Family Home Sold Listings reduced their List Price by the average of $37,171. This compares to October 2019 when 30% reduced their List Price by the average of $35,427.

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  2019

Prices have dropped across All Cities, All Markets!
From the Peak in April/2018 (18 months Sales) For Detached Homes:
Vancouver Westside and White Rock are both down with 16.8% and 16.1%, respectively.
Chilliwack homes also got hit with a 10.3% decrease,
and Maple Ridge showed a decline with 11.3% 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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