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The Lower Mainland Real Estate Market Reports.
温哥华列治文加拿大不动产市场变动
The Lower Mainland Real Estate Market analysis reports archives; all our weekly reports
Do watch the money flow from Vancouver to Chilliwack every week!
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Vancouver Area Oct 18, 2024 (2-week Price Discount Update)
Current: In the Vancouver area last week, 82% of the Single Family Home Sold Listings reduced their List Price by the Average of $100,218.
This compares to the week before when 80% reduced their List Price by the Average of $86,351. Meanwhile, 15% of the listings sold over the list price by average of $57,635.
See each city for the full details.
Forecast: Greater Vancouver September 2024:
The market for single-family homes in Greater Vancouver is steady this month because many Chinese buyers are coming in for the National Holiday and the Mooncake Festival. Right now, 62% of homes are experiencing small price increases, which is a big change from the $24,000 average drop we saw in the last few months. Looking ahead, we think most home buyers and investors will wait before jumping back into the market until interest rates go down more and prices drop. We expect that Metro Vancouver will still be a buyer's market until the early spring.
In September, average prices for condos fell by $3,452, while townhouses dropped by $5,908. We forecast that the condo and townhouse markets will continue to be in a buyer's market over the next few months.
To keep up with the latest market trends, tune in every Saturday at noon on VancouverMarketReports.com. We analyze which areas in the Lower Mainland are rising or falling. For a full update on market values, forecasts, and a detailed analysis of your neighborhood, reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.
Fraser Valley September 2024:
The market for single-family homes in Fraser Valley is still favoring buyers. Currently, 67% of homes are seeing price decreases, with an average drop of $4,213 in September. This decline is better than the $25,000 average drop we saw in the past couple of months. Moving forward, we forecast most home buyers and investors will be holding off stepping back into the market as the wait for further cuts in interest rates and market drops. We expect the Fraser Valley area will remain a buyer's market until the early spring.
In September, average prices for condos fell by $3,894, while townhouses dropped by $4,569. We forecast that the condo and townhouse markets will continue to be in a buyer's market over the next few months.
To keep up with the latest market trends, tune in every Saturday at noon on VancouverMarketReports.com. We analyze which areas in the Lower Mainland are rising or falling. For a full update on market values, forecasts, and a detailed analysis of your neighborhood, reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.
Fraser Valley & Chilliwack Oct 18, 2024 (2-week Price Discount Update)
Current: In the Fraser Valley-Chilliwack area last week, 85% of the Single Family Home Sold Listings reduced their List Price by the Average of $45,250.
This compares to the week before when 81% reduced their List Price by the Average of $51,339. Meanwhile, 6% of the listings sold over the list price by average of $21,433.
See each city link for the full details
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Now do compare the Weekly Discounts to last year below!
Now do compare the Weekly Discounts to the year 2022
Now do compare the Weekly Discounts to the year 2021
Weekly Discounts History Below
Index Vancouver, Downtown-West End, Yaletown, Richmond, East Van, West Van, North Van, South Burnaby, North Burnaby, E.Burnaby-New West, Coquitlam, Port Coquitlam-Port Moody, Ladner-Tsawwassen, Maple Ridge, White Rock, N. Delta, W. Surrey E. Surrey, Langley, North Langley, Chilliwack, Mission, Abbotsford, East vrs West
Archives: Aug 2011
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How the STR and MTI rates actually work Click here
The Chinese Investors Are Coming; 20%-33% price jump in 6 weeks!
March 2 2011 w8c
Research shows that the Richmond Residential Market has jumped 20%, an all time price increase, nearly $158,000 for the average home in just 6 short weeks with no end in sight. (daily increases could make it closer to 30% today)
Listen to the " Entrepreneur of the Week's" podcast with the experts as to how this price surge could affect your home value and how you can make informed decisions. Click for podcast
The Chinese Investors are buying from helicopter viewings!
The recent study on the influx of mainland Chinese investors into Richmond and the coastal communities shows a dramatic increase in prices, 20%-33% in just six weeks. But the question for many is will that new money come to their community or will it be focused in a narrow ocean front corridor. click to read Full Report
East vrs West, why is one going up and one going down?
Does the new Chinese investment money trickle or rush into other communities to the East or to the North? The overview study looks at two areas
#1 The Chinese Corridor extending from Richmond to White Rock including to Tsawwassen, Ladner and a little bit north into the Vancouver Kitsilano area.
#2 The area east of it, namely of the Fraser Valley Real Estate Board: Surrey to Chilliwack. Here we see the first area has a 30% monthly listing sell-through and the area east of it is currently at a 9% monthly sell-through to read more ..click here
Abbotsford ..East and West very different markets.
Nowhere have we seen such a major home price difference as we do in East and West Abbotsford. This study shows that East Abbotsford had a substantial reduction of price of nearly $100,000 during 2008 and at the same time West Abbotsford barely adjusted. Today both these communities are selling for ~$85,000 difference yet they are located only 10 minutes apart. to read more ..click here
Advanced Market Reports: %%FIRSTNAME to access the current Supply-and-Demand and the next "30 Day Market Projections" reports for your home: Click Here .Abbotsford, Mission Chilliwack, Langley, Surrey, White Rock, East vrs West
Richmond, East Van, North Van, Burnaby, Coquitlam, Maple Ridge
Bill shares his secrets on how to make money in this R.E. market.
A moving Market either Up or Down creates great opportunities to gain extra equity.
How did Bill manage to sell his home at the exact top of the market.. what was his secret?
Hindsight is always 20/20, but now with my secret analysis you can better understand the market projections and earn money in both Up and Down markets! details
Get paid for your neighborhood, not just your home
Neighborhood profile movies can really increase your selling price and they are a new service to help you, the buyers and all Realtors.
Hear how many purchasers have out of town agents and don't know the neighborhood.
Public URL
details
Bill Coughlin
"Realtor and Lifestyle Consultant"
604-217-3992 cell 1-888-539-4664 Toll free [email protected]
Re/Max Little Oak Realty
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Real Estate
Market Reports
Aug 24th Projections
Market Updates
from the local Experts
Bill Coughlin
eXp Realty
call me 1-778-374-3744
Email: [email protected]
The Market Updates
from the local Experts
Bill Coughlin
eXp Realty
call me 1-778-374-3744
Email: [email protected]
Do watch the Market Updates
from the local Experts
Bill Coughlin
eXp Realty
call me 1-778-374-3744
Email: [email protected]
Bill Coughlin
eXp Realty
call me 1-778-374-3744
Email: [email protected]
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