Vancouver Real Estate Market Forecasts, Reports and Investments Trends
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The Vancouver Housing Market Investments Analysis Reports are updated every week. Pick a city above.   check herez

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Vancouver Area   June 14, 2024  (2-week update)

Current:  Vancouver area Real Estate Market is in Stable Market with an average of 13.5 %SOLD rate.   See each city for the full details.

Forecast: 

The cost of single-family homes in Greater Vancouver showed an average price increase of $9,848, which is just under the $11,953 increase seen in April. Some good news: the Canadian Prime Rate did drop .25% which is a moral booster for some but still. housing market will only get stronger if mortgage rates go down enough to make homes more affordable and a 1/4 point drop will not do that. We forecast that the Metro Vancouver area is now a Buyer's Market and will be for months ahead.

60% of the condos and townhouses increased in price last month. The price of Condos last month was up $2,602 on average, while townhouses now cost $699 more on average. We believe that the condo and townhouse markets will peak now and hold steady for the next few months in Vancouver.

For the latest market trends, join us every Saturday at noon on VancouverMarketReports.com. We discuss which areas in the Lower Mainland are doing well and which are not. For a complete update on market values, forecasts, and a detailed analysis of your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

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Fraser Valley & Chilliwack  June 14, 2024  (2-week update)

Current:  Fraser Valley and the Chilliwack areas in Seller's Market averaging a 15.2 %SOLD rate.  See each city link for the full details

Forecast:  

The cost of single-family homes in Fraser Valley showed an average price increase of $1,063, which is down from the $4,367 increase seen in April. Some good news: the Canadian Prime Rate did drop .25% which is a moral booster for some but still. housing market will only get stronger if mortgage rates go down enough to make homes more affordable and a 1/4 point drop will not do that. We forecast the Fraser Valley area will turn to a Buyer's Market this month.

The price of Condos last month dropped by $3,920, while townhouses also declined by $2,562 on average. We believe that the condo and townhouse markets will remain a buyers’ market for the next few months.

For the latest market trends, join us every Saturday at noon on VancouverMarketReports.com. We discuss which areas in the Lower Mainland are doing well and which are not. For a complete update on market values, forecasts, and a detailed analysis of your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

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Vancouver Area Real Estate Market Investment Conditions - Monthly Overview

In the Vancouver area for the Month of May 2024, 11% of the Single Family Home Sold Listings reduced their List Price by an average of $106,178. This compared to April 2024 when 10% reduced their List Price by an average of $107,956.
(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)



Fraser Valley & Chilliwack Area Real Estate Investment Market Conditions - Monthly Overview

In the Fraser Valley-Chilliwack area, for the Month of May 2024, 19% of the Single Family Home Sold Listings reduced their List Price by an average of $49,889.. This is compared to April 2024 when 14% reduced their List Price by an average of $51,300.

 

Trying to do the math? Lessons:  STR   MTI 

%SOLD rates for 1 Week below  

Now do compare the %SOLD rates to HIGHEST STR below!    

Now do compare the %SOLD rates to last year below! 

Now do compare the %SOLD rates to the year 2022  

Now do compare the %SOLD rates to the year 2021 

%SOLD rates for 1 week      Archive 


%SOLD rates for 2 Weeks below                  Goto HISTORY

Now do compare the %SOLD rates to last year below!      Archive

Now do compare the %SOLD rates to the year 2022

Now do compare the %SOLD rates to the year 2021

Now do compare the %SOLD rates to the year 2020

Now do compare the %SOLD rates to the year 2019


aaaNow do compare the %SOLD and the MTI rates to last year!

Now do compare the %SOLD and the MTI rates to the year 2022!

Now do compare the %SOLD and the MTI rates to the year 2021!

Now do compare the %SOLD and the MTI rates to the year 2020!

Now do compare the %SOLD and the MTI rates to the year 2019!

Now do compare the %SOLD and the MTI rates HISTORY

Trying to do the math? Lessons:  STR   MTI 

How the  STR  and  MTI  rates actually work Click here

The Best and Worst Investments in Greater Vancouver()


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

Updated  2024 Mar 10

Prices have dropped across most Cities in All Markets!

From the Peak in Mar 2022 (24 months of Sales) For Vancouver Detached Homes:

Delta is down the most at 9.1%,
Whilst New Westminster declined JUST 2.9%.

From the Peak in Feb 2022 (23 months of Sales) For Fraser Valley Detached Homes:

All cities continue to show a downward trend for average price changes,

 Chilliwack had the biggest drop at   22.8% 

Abbotsford had the 2nd biggest drop at   21.4% 

Abbotsford's High 50% dropped   21.4% or -$389,945.

  and the city with the least drop was North Langley at 11.7%

 

(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

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Bill Coughlin
"Realtor and Lifestyle Consultant"

 

1-778-374-3744            [email protected]

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

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Bill Coughlin
"Realtor and Lifestyle Consultant"

 

1-778-374-3744            [email protected]

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

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