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Current: West Surrey is in a Seller's Market with an average listing inventory, 19 %SOLD rate and a 98% Sell/List Ratio.
(This means that there is an average of a $22,200 sales discount from the original list price)
Most Active Range: Homes below $1.35 mill. have 34.8 %SOLD rate.
Least Active Range: Homes above $2.6 mill. have 2.2 % SOLD rate.
History: The Surrey West Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $379,596.
The Surrey West Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $172,765.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: West Surrey has average Listing supply; 322 homes are for sale and with the 17 %SOLD monthly rate gives us a ~5 months of inventory. 5% of the active listings have reduced their price by $77,219 on average or $52,000 median in the last month. We project West Surrey 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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