Vancouver Area   May 22, 2020  (2-week update)

Current:  Vancouver area Real Estate Market ranges from a Buyers market to Stable Market with an average of 11.8 %SOLD rate.   See each city for the full details.

Forecast: April's Real Estate Statistics shows that 76% of Single-Family Homes in Metro Vancouver have been in a Seller's Market. The Average Monthly Price increase was $2,100 which is a small decline from last month's $4,090 gain. On the other hand, Fraser Valley’s Detached Markets increased values this month. Single Family Homes had a $2,239 monthly price increase. Yes, both sales and inventory have dropped in the last month and the sell-through rates are falling enough to become a Buyer's Market. With that being said, we are not going to forecast the Markets this coming month, due to the Stock Market volatility and the Pandemic on hand.

Currently, Condos are in a Seller Market with 77% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. On average, the Condo Market went up $1,476. At the same time, the Townhouse Market increased $1,366 on average. That is 79% increased (22 out of 28 Markets). We analyze and provide 97 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends every 2 weeks. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighborhood.

Fraser Valley & Chilliwack  May 22, 2020  (2-week update)

Current:  Fraser Valley and the Chilliwack areas overall are in a Seller Market averaging a 12.8 %SOLD rate.  See each city link for the full details

In the Vancouver area for the Month of April 2020, 15% of the Single Family Home Sold Listings reduced their List Price by the Average of $112,924. This compares to March 2020, when 11% reduced their List Price by the Average of $112,064
( 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.)

In the Fraser Valley-Chilliwack area, for the Month of April 2020, 15% of the Single Family Home Sold Listings reduced their List Price by the average of $44,242. This compares to March 2020 when 15% reduced their List Price by the average of $36,880.

Now do compare the %SOLD and the MTI rates to the year 2018!

Now do compare the %SOLD and the MTI rates to the year 2017!

Now do compare the %SOLD and the MTI rates to the year 2016!

Now do compare the %SOLD and the MTI rates to the year 2015!

Now do compare the %SOLD and the MTI rates to the year 2014!

Now do compare the %SOLD and the MTI rates to the year 2013!

Now do compare the %SOLD and the MTI rates to the year 2012! Now do compare the %SOLD and the MTI rates to the year 2011!

The Best and Worst Investments in Greater Vancouver()

Peak-To-Date: Greater Vancouver Real Estate Markets AVERAGE Prices Changes 
Updated  Mar 2020

Prices have dropped across All Cities, All Markets!

From the Peak in June 2017 (32 months Sales) For Vancouver Detached Homes:
Vancouver Westside and White Rock are both down with 24.7% and 14.4%, respectively.

From the Peak in April 2018 (23 months Sales) For Fraser Valley Detached Homes:
Chilliwack homes also got hit with a 8.8% decrease, and Maple Ridge showed a decline with 9.6% price decrease. 

(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

Bill Coughlin
"Realtor and Lifestyle Consultant"

1-778-374-3744            Bill@coughlinteam.com

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

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