Vancouver Area   Nov 22, 2019  (2-week update)

Current:  Vancouver area Real Estate Market ranges from a Sellers Market to a Buyers Market with an average of 13.3 %SOLD rate.   See each city for the full details.

Forecast: October's Real Estate Statistics shows 62% of Vancouver's Detached Home decreased in values this month. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price Decrease of $8,735. This is a positive improvement from the $13,210 and the $9,192 drops that we saw in August and September respectively. On the other hand, the Fraser Valley also had a monthly price decrease of $4,655. The Chinese National Holiday was the 1st week of October and helped bring a few extra sales in the Hongcouver cities, we are now forecasting further Declines in Detached Home Prices across most of Vancouver Markets in the next month.

Currently, the Condo Market presents a Cool Market with 72% of the Greater Vancouver (Lower Mainland) Condo Prices decreasing $1,153.75 on average. Many new Condo Projects are now competing against the existing market. On the same note, 54% of the Townhouse Markets decreased $477 on average (15 out of 28 Markets). We are forecasting a Buyer's Market in most Condo and Townhouse Markets for the coming month. 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  Nov 22, 2019  (2-week update)

Current:  Fraser Valley and the Chilliwack areas overall are in a Stable Market averaging a 15.7 %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!

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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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