Vancouver Area   May 7, 2021  (2-week update)

Current:  Vancouver area Real Estate Market ranges from a Stable market to a Seller Market with an average of 29.0 %SOLD rate.   See each city for the full details.

Forecast: April's Real Estate Statistics show that the seller's market is ending soon. We have seen 86% of the Single-Family Homes in Metro Vancouver go up with an Average Monthly Price increase of $38,473, which is the 2nd highest April increase in 12 years! But still, this is a dramatic drop from last month's $84,263 price increase. On the other hand, 89% of the Fraser Valley Detached Markets went up with a Monthly Price increase of $27,629 on average! This is also a decrease from last month’s $60,306 price increase. With the increasing listing inventories and the pending tougher mortgage qualifications rules, we are forecasting that the majority of Metro Vancouver Markets will flip to a Buyer's Market within 6 weeks, and 2 months for Fraser Valley Markets.

Currently, the Condo/Townhouse Markets (the more affordable Markets) continue to be in a strong Seller's Market with 99.3% of the Lower Mainland Prices increased. The average monthly Condo prices increased $12,633 and Townhouse prices increased $28,403. We analyze and provides 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  May 7, 2021  (2-week update)

Current:  Fraser Valley and the Chilliwack areas overall are in a Seller Market averaging a 46.5 %SOLD rate.  See each city link for the full details

In the Vancouver area for the Month of April 2021, 5% of the Single Family Home Sold Listings reduced their List Price by the Average of $134,126. This compares to March 2021, when 4% reduced their List Price by the Average of $110,850. 
( 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 April 2021, 5% of the Single Family Home Sold Listings reduced their List Price by the average of $78,877. This compares to March 2021 when 4% reduced their List Price by the average of $83,097.

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  2021 May 

Prices have dropped across All Cities, All Markets!

From the Peak in June 2016 (59 months Sales) For Vancouver Detached Homes:

Vancouver Westside is down with 8.2%, Whilst White Rock went up 17.1%.

From the Peak in April 2018 (37 months Sales) For Fraser Valley Detached Homes:

All cities continue to show an upward trend, especially Abbotsford at 44.1% and  48.6% 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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