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 5, 2024  (2-week update)

Current:  Vancouver area Real Estate Market is in Seller's Market with an average of 15.1 %SOLD rate.   See each city for the full details.

Forecast: 

In Greater Vancouver, the average monthly cost of single-family detached homes has increased by $20,376. This is a substantial recovery from January's $3,444 price increase. Listing inventories are still low; thus, with limited sales, there is enough pressure to push the market upward. This spring, we forecast a seller's market in the Vancouver area.

With an average price increase of $8,951, 72% of condos in Vancouver's condo market are in a seller's market. The average price of townhouses has decreased to $1,247 but will shift to a Buyer's market now.

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.

Fraser Valley & Chilliwack  Apr 5, 2024  (2-week update)

Current:  Fraser Valley and the Chilliwack areas in Stable Market averaging a 17.0 %SOLD rate.  See each city link for the full details

Forecast:  

In Fraser Valley, the average monthly cost of single-family detached homes has increased to $19,686. This is a substantial recovery from January's $1,040 price increase. In the Fraser Valley Area, we forecast a seller's market this spring.

The Fraser Valley's condo market saw an average price increase of $8,223, 92% of the condo markets are in a Seller's Market. Furthermore, the average price of townhouses in the market has increased by $4,856.

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 January 2024, 15% of the Single Family Home Sold Listings reduced their List Price by an average of $113,963. This compared to December 2023 when 18% reduced their List Price by an average of $124,585.
(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 January 2024, 26% of the Single Family Home Sold Listings reduced their List Price by an average of $55,556. This is compared to December 2023 when 35% reduced their List Price by an average of $57,529.

 

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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