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Current: Vancouver Westside ranges from a Stable High End Market to a Seller Market with average 8 %SOLD rate and a Sale Price /List Price of
95% or $190,000 avg. sale price discount from original list price.
Most Active Range: Homes below $2.75 mill. have 19.8 %SOLD rate.
Least Active Range: Homes above $10.0 mill. have 1.3 %SOLD rate
History: The Vancouver Westside Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $147,981.
The Vancouver Westside Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $142,874.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Vancouver Westside has average Listing Supply; 676 homes are for sale and with the 8 %SOLD monthly rate gives us a ~10 months of inventory. 13 months of inventory. 8% of the active listings have reduced their price by $285,617 on average and $200,000 median for the last month.
Greater Vancouver July 2022:
July Real Estate Market shows that 95% of Vancouver's Detached homes monthly prices dereased in July by ($27,459) on average. This is the 2nd biggest drop we've seen since Aug 2016. On the other hand, the Fraser Valley prices dropped a record ($54,553) on average. This drop is caused by interest rates increases, and recession worries. We are forecasting that the majority of the Metro Vancouver Markets will continue to be in a Buyer’s Market for the next 6 months.
Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with Average Price decrease of ($5,978) and ($15,528) respectively. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. 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 July 2022:
July shows that monthly prices decreased in all the Fraser Valley's Detached Market by ($54,553) on average. This is the ALL-TIME price drop we have seen on Record. This drop is caused by interest rates increases, and recession worries. We are forecasting that the majority of the Fraser Valley Markets will continue to be in a Buyer’s Market for the next 6 months.
Currently, Both the Condo Markets and Townhouse Markets are in a Buyer's Market, with Average Price decrease of ($5,978) and ($15,528) respectively. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. 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.
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