Vancouver Real Estate Market Forecasts, Reports and Investments Trends
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The Vancouver Housing Market Investments Analysis Reports are updated every week. Pick a city above.   check herez

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Vancouver Area   Apr 19, 2024  (2-week update)

Current:  Vancouver area Real Estate Market is in Seller's Market with an average of 15.7 %SOLD rate.   See each city for the full details.

Forecast: 

The average monthly cost for single-family detached homes has risen by $18,256, marking a slight decrease from February's average price of $20,376. Despite the difficulties caused by higher borrowing costs, rising prices, and the limited availability of listings, we predict that the real estate market will favor sellers for the next six weeks.

In Vancouver's condo market, 67% of condos have experienced an average price decrease of $8,951. Conversely, the average price of townhouses has climbed to $10,973, we are forcasting a continued Sellers Market.

For the most accurate and up-to-date market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, please don't hesitate to contact Bill Coughlin and the Coughlin Team at 778-374-3744.

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Fraser Valley & Chilliwack  Apr 19, 2024  (2-week update)

Current:  Fraser Valley and the Chilliwack areas in Seller's Market averaging a 16.4 %SOLD rate.  See each city link for the full details

Forecast:  

The average monthly cost for single-family detached homes has risen by $13,015, marking a slight decrease from February's average price of $19,686. Despite the difficulties caused by higher borrowing costs, rising prices, and the limited availability of listings, we predict that the real estate market will favor sellers for the next six weeks.

In Fraser Valley's condo market, 75% of condos have experienced an average price decrease of $3,434. Conversely, the townhouse market's average price has climbed to $9,716, we are forcasting a continued Sellers Market.

For the latest and most accurate market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the performance of winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, feel free to reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.

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Vancouver Area Real Estate Market Investment Conditions - Monthly Overview

In the Vancouver area for the Month of March 2024, 11% of the Single Family Home Sold Listings reduced their List Price by an average of $101,091. This compared to February 2024 when 12% reduced their List Price by an average of $114,718.
(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)



Fraser Valley & Chilliwack Area Real Estate Investment Market Conditions - Monthly Overview

In the Fraser Valley-Chilliwack area, for the Month of March 2024, 11% of the Single Family Home Sold Listings reduced their List Price by an average of $57,896. This is compared to February 2024 when 13% reduced their List Price by an average of $68,784.

 

Trying to do the math? Lessons:  STR   MTI 

%SOLD rates for 1 Week below  

Now do compare the %SOLD rates to HIGHEST STR below!    

Now do compare the %SOLD rates to last year below! 

Now do compare the %SOLD rates to the year 2022  

Now do compare the %SOLD rates to the year 2021 

%SOLD rates for 1 week      Archive 


%SOLD rates for 2 Weeks below                  Goto HISTORY

Now do compare the %SOLD rates to last year below!      Archive

Now do compare the %SOLD rates to the year 2022

Now do compare the %SOLD rates to the year 2021

Now do compare the %SOLD rates to the year 2020

Now do compare the %SOLD rates to the year 2019


aaaNow %%FIRSTNAME do compare the %SOLD and the MTI rates to last year!

Now %%FIRSTNAME do compare the %SOLD and the MTI rates to the year 2022!

Now %%FIRSTNAME do compare the %SOLD and the MTI rates to the year 2021!

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 HISTORY

Trying to do the math? Lessons:  STR   MTI 

How the  STR  and  MTI  rates actually work Click here

The Best and Worst Investments in Greater Vancouver()


Peak-To-Date: Greater Vancouver Real Estate Markets 
AVERAGE Prices Changes 

Updated  2024 Mar 10

Prices have dropped across most Cities in All Markets!

From the Peak in Mar 2022 (24 months of Sales) For Vancouver Detached Homes:

Delta is down the most at 9.1%,
Whilst New Westminster declined JUST 2.9%.

From the Peak in Feb 2022 (23 months of Sales) For Fraser Valley Detached Homes:

All cities continue to show a downward trend for average price changes,

 Chilliwack had the biggest drop at   22.8% 

Abbotsford had the 2nd biggest drop at   21.4% 

Abbotsford's High 50% dropped   21.4% or -$389,945.

  and the city with the least drop was North Langley at 11.7%

 

(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

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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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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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