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North Burnaby RE/MAX Reports Market Update

Hi , your free RE/MAX Market Share Reports Plus many Advanced Market Reports.

Question? Do you know when 's market will switch to a Buyers Market, in advance?

Bottom-line if you are not using our Advanced Market Reports you have lost 25% of your profits.

Our Advanced Reports and the Stats Boot Camp Course empower Agents to get shaper prices;higher sell-through rates and to be able to show their clients the actual market trends.

Many of these Advanced Reports will probably look like gibberish until you take a lesson. Once empowered with your own personalized reports, then you can really understand the market trends to protect your clients and make you more money. Standing by to help you :) Bill Coughlin 778-374-3744 eXp Realty

Now even Condominiums eked small gains in most communities this year!

Would like to to see the Condos Low & the Townhouse Changes too? Note: All of these Home Price Changes are complied from the most accurate VMR Home Price Index (paired) HPIp

, if you do not want any future RE/MAX Market Reports Please reply Remove Me and you will be sorely missed! :) Bill Coughlin

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Burnaby

Dec 1, 2024

Current: Burnaby's Residential Detached housing market is in a Stable Market with 15 %SOLD rate.
(This means 16 homes out of 100 sold last month with an average $61,900 decrease from the original price) Lesson

Most Active Range: Homes below $1.7 mill. have 43.8 %SOLD rate
Least Active Range: Homes above $3.5 mill have 8.6 %SOLD rate.

History: The Burnaby Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $38,605.
The Burnaby Home PriceIndexHPIp (Lower 50%) Year-To-Date shows that prices increased $66,110.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Burnaby has a normal Listing supply; 249 homes are for sale and with the 16 %SOLD monthly rate gives us a ~6 months of inventory. 6% of the active listings have reduced their price by $147,565 on average or $99,912 median. We project Burnaby now in Stable market.

Greater Vancouver November 2024:

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.

Fraser Valley November 2024:

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.