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Current: Vancouver Downtown's Residential Attached housing market is a Seller market with 18 %SOLD rate and a 98% Sell/List Ratio.
(This means 19 homes out of 100 sold with an average of $12,900 discount on a sale from original list price)
Most Active Range: Homes below $500,000 have 37.5 %SOLD rate.
Least Active Range: Homes between $1.8 mill. - $2.75 mill. have 5.3 %SOLD rate
History: The Vancouver Downtown Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $34,425.
The Vancouver Downtown Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $20,965.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Current listing inventories are 18% more than same month last year meaning that we are seeing a reduced listings supply. We project Vancouver Downtown to be a continued Seller market.
Greater Vancouver September 2021:
Very Low Listing Inventories has caused the Vancouver Market Monthly Average Price to increase from $9,115 last month to $16,725. Yes, 71% of the Single-Family Home Markets went up! Why such a strong Sellers Market? Although the number of sales is normal, we now have the lowest listing inventory since 2011. This lack of listings is partially due to the covid infections/lockdowns resulting in many sellers putting plans on hold. We are forecasting that the majority of the Metro Vancouver Markets will continue to be a Seller's Market in the coming months.
Currently, Condos are now in a Seller's Market with 83% of the Greater Vancouver (Lower Mainland) Condo Prices increasing $8,355 on average. On the other hand, 89% Townhouse Markets (19 out of 28) prices increased $10,653 on average. 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 September 2021:
Very Low Listing Inventories has caused the Fraser Valley Home Market Monthly Average Prices to increase $37,325 on average. This is the largest September price increase we've seen in 11years. Why such a strong Sellers Market? We have one of the lowest listing inventories since 2011. This is partially due to the covid infections/lockdowns resulting in many sellers putting plans on hold.
Currently, Condos are now in a Seller's Market with 83% of the Greater Vancouver (Lower Mainland) Condo Prices increasing $8,355 on average. On the other hand, 89% Townhouse Markets (19 out of 28) prices increased $10,653 on average. 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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