Vancouver Area   Feb 12, 2021  (2-week update)

Current:  Vancouver area Real Estate Market ranges from a Stable market to a Seller Market with an average of 32.3 %SOLD rate.   See each city for the full details.

Forecast: January's Real Estate Statistics continues to show a highly emotional market. We have seen 100% of the Single-Family Homes in Metro Vancouver are in a Seller's Market. The Average Monthly Price is a whopping increase $52,706! This is the Second Highest January Price increase on record since 2016. At the same time, the Fraser Valley Detached Markets went up this month with many buyers competing in bidding wars. The Monthly Price jumped up $45,108 on average. This is the Highest January Price increase on record. This seller's market is partly due to the fact that we have Record-Low listing levels. We are forecasting that in the Metro Vancouver Markets will continue to be a Seller's Market for the coming month.

Currently, Condos are in a more subdued Seller's Market with 60% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. The average monthly price increase was a mere $4,969. At the same time, 27 out of 28 Townhouse Markets increased an average of $16,662. 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  Feb 12, 2021  (2-week update)

Current:  Fraser Valley and the Chilliwack areas overall are in a Seller Market averaging a 51.5 %SOLD rate.  See each city link for the full details

In the Vancouver area for the Month of January 2021, 11% of the Single Family Home Sold Listings reduced their List Price by the Average of $107,210. This compares to December 2020, when 17% reduced their List Price by the Average of $102,135.
( 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 January 2021, 10% of the Single Family Home Sold Listings reduced their List Price by the average of $70,077. This compares to December 2020 when 13% reduced their List Price by the average of $46,216.

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 Feb

Prices have dropped across All Cities, All Markets!

From the Peak in June 2016 (56 months Sales) For Vancouver Detached Homes:

Vancouver Westside is down with 16.2%, Whilst White Rock went up 2.6%.

From the Peak in April 2018 (34 months Sales) For Fraser Valley Detached Homes:

All cities went up especially Langley-Cloverdale at 18.4% and  17% for Abbotsford

(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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