Vancouver Real Estate Market Update Reports / West End Real Estate Market Update Forecast Report

       West End, Downtown Housing Market Forecasts and Trends

 


Downtown - West End  Market Reports and Forecasts

Downtown Market Update (Attached)

Downtown, Coal Harbour, Downtown VW, West End VW, Yaletown Real Estate Market Update Report.

What are Vancouver Downtown's Best and Worst Investments?

Archive Peak to Date Price Changes

Oct 1, 2024

gas gauge

Current: Vancouver Downtown's Residential Attached housing market is a Buyer market with 7 %SOLD rate and a 98% Sell/List Ratio.  
                     (This means 9 homes out of 100 sold with an average of $19,000 discount on a sale from original list price)

Most Active Range: Homes below $600,001 have  have 15.3 %SOLD rate.  
Least Active Range: Homes above $4 mill. have 1.3 %SOLD rate

History: The Vancouver Downtown Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $53,361.
                  The Vancouver Downtown Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $28,261.
                   *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Current listing inventories are 25% more than same month last year meaning that we are seeing a reduced listings supply. We project Vancouver Downtown to be on a Continued Buyer market.

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.

 

    

   Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

 

   We invite you to analyze your home value/investment in 30+ market areas by inputting your previous purchase price and date in the Evaluator below! See "Evaluator / Forecaster" movie for directions. To see your homes monthly price changes from now on, just email your report to yourself. (3 bars link to email function)

 

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We thank Bill Coughlin for his support of the  Vancouver Downtown Market Reports including West End, Yaletown, Coal Harbour, Downtown ,   Market Updates.   more details.

West End VW, Yaletown, Downtown VW and Coal Harbour. Residential Attached housing market Vancouver West End
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Download the full WestEndMarketupdatereport.PDF

West End VW, Coal Harbour Residential Attached housing market Vancouver West End,Downtown VW, Yaletown

West End VW, Coal Harbour Residential Attached housing market Vancouver West End,Downtown VW, Yaletown

West End VW, Coal Harbour Residential Attached housing market Vancouver West End,Downtown VW, Yaletown

West End VW, Coal Harbour Residential Attached housing market Vancouver West End,Downtown VW, Yaletown

This is the West End Real Estate Market report which covers sub areas Downtown VW, West End VW, Yaletown and Coal Harbour.

Click Image to compare previous STR/ MTI graphs            Trying to do the math? Lessons:  STR   MTI 

Ladner, South Delta, Real Estate Market Update Report

 

Downtown - West End  Market Update and Forecasts         

Real Estate Market Analysis Reports

For Vancouver West End, Downtown VW, Coal Harbour, Yaletown, West End VW areas

This is the most accurate  %SOLD-Monthly Sell Through Rates (STR Graph)  using a 4 week time period to analysis the housing prices and Market trends. This Market Report is derived from the exact Sat to Friday 4 week time periods and this is dramatically more accurate than the month to month comparisons that vary based on actual working days eg month, weekends. These trends enable Real Estate Market predictions and forecast outlooks.

 

Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

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