Vancouver Area May 19, 2023 (2-week update)
Current: Vancouver area Real Estate Market is in a Seller's Market with an average of 25.3 %SOLD rate. See each city for the full details.
Forecast:
In April, the Greater Vancouver Single-Family Homes increased by a monthly average price of $11,259. This is the 3rd consecutive monthly price increase. Last years buyers that waited for the market bottom are actively buying now. We continue to forecast a Seller's market for the next 6 weeks before stabilizing.
Currently, the Condo and Townhouse Markets continue to be in a Seller's Market, with average price increases of $8,861 and $8,587, respectively. Every Saturday at noon, we analyze 97 different City's House Price Indices and present the MOST ACCURATE Market Trends to you. Please get in touch with us if you'd like a market value update that includes a thorough analysis and forecast for your neighborhood and local market area. - Your Neighborhood.
Fraser Valley & Chilliwack May 19, 2023 (2-week update)
Current: Fraser Valley and the Chilliwack areas in a Seller's Market averaging a 25.6 %SOLD rate. See each city link for the full details
Forecast:
The Fraser Valley's Real Estate is heating up with 83% of the Detached Market increased home prices. Single Family Homes Average Price increased by $36,449 in April. This is twice the increase of the $17,585 that we saw the month earlier. Last years buyers that waited for the market bottom are actively buying now. We forecast a Seller's market for the next 10 weeks before stabilizing.
Currently, the Condo and Townhouse Markets continue to be in a Seller's Market, with average price increases of $8,486 and $17,215, respectively. Every Saturday at noon, we analyze 97 different City's House Price Indices and present the MOST ACCURATE Market Trends to you. Please get in touch with us if you'd like a market value update that includes a thorough analysis and forecast for your neighborhood and local market area. - Your Neighborhood.
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