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   Dec 13, 2024  (2-week update)

Current:  Vancouver area Real Estate Market is in Stable Market with an average of 11.3 %SOLD rate.   See each city for the full details.

Forecast: In November, 52% of detached homes in Greater Vancouver dropped in value. On average, single-family homes in Metro Vancouver lost $1,245 in price. With lower mortgage rates, more buyers are expected to enter the market, especially for condos and townhouses. We predict that Metro Vancouver will stay a buyer's market until the end of the year.

For condos, the average price went up by $280, and townhouses increased by $110. We expect these markets to stay either a buyer's market to a stable market in the months ahead.

To stay updated on market trends, visit VancouverMarketReports.com every Saturday at noon. We share insights on which areas in the Lower Mainland are gaining or losing value. For a full report on prices, forecasts, and details about your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

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Fraser Valley & Chilliwack  Dec 13, 2024  (2-week update)

Current:  Fraser Valley and the Chilliwack areas in Stable Market averaging a 11.3 %SOLD rate.  See each city link for the full details

Forecast:  In November, 56% of detached homes in the Fraser Valley lost value. On average, single-family homes in the area dropped by $311 in price. With mortgage rates going down, more buyers are expected to enter the market, especially for condos and townhouses. For now, the Fraser Valley is likely to stay a buyer's market until the end of the year.

Last month, condo prices went up by $1,138, while townhouse prices dropped by $1,106. We predict that the condo and townhouse markets will remain either a buyer's market to a stable market in the coming months.

To stay informed about the latest market trends, visit VancouverMarketReports.com every Saturday at noon. We provide updates on which areas in the Lower Mainland are gaining or losing value. For a detailed report on prices, forecasts, and your neighborhood, contact 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 Nov 2024, 19% of the Single Family Home Sold Listings reduced their List Price by an average of $96,487. This compared to Oct 2024 when 17% reduced their List Price by an average of $105,952.
(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 Nov 2024, 29% of the Single Family Home Sold Listings reduced their List Price by an average of $57,294. This is compared to Oct 2024 when 23% reduced their List Price by an average of $61,817.

 

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 Nov

Prices have dropped across most Cities in All Markets!

From the Peak in Mar 2022 (31 months of Sales) For Vancouver Detached Homes:

Delta is down the most at 9.1%,
Whilst Burnaby declined JUST 1.6%.

From the Peak in Feb 2022 (32 months of Sales) For Fraser Valley Detached Homes:

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

 Abbotsford had the biggest drop at   22.7% 

Chilliwack had the 2nd biggest drop at   21.8% 

Abbotsford's High 50% dropped   22.6% or -$512,565.

  and the city with the least drop was North Delta at 12.3%. 

 

(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            [email protected]

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            [email protected]

EXP Realty
Independently Owned and Operated                               Key words Real Estate Investments Housing Market Trends and Forecasts for Vancouver Area

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