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Current: Mission is a Seller's Market with Average Listing inventories, a 18 %SOLD Rate and Sell Price/List Price = 95%
(Meaning there is an Average of a $66,376 decrease on a Sale from the List price)
Most Active Range: Homes between $850,000 - $975,000 have 32.4 %SOLD Rate
Least Active Range: Homes above $2.0 mill. have 6.1 %SOLD Rate.
History: The Mission Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $344,568.
The Mission Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $193,955.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Mission has average Listing supply; 220 homes are for sale and with the 18 %SOLD Monthly Rate gives us a ~5 months of inventory. Another indicator: 6% of the Active Listings have Reduced their Price by $83,790 on Average and $75,000 on Median for the last month. We project Mission Detached to be a Seller's market.
Greater Vancouver April 2023:
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 April 2023:
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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