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Current: Vancouver Downtown's Residential Attached housing market is a Stable market with 10 %SOLD rate and a 97% Sell/List Ratio.
(This means 10 homes out of 100 sold with an average of $19,250 discount on a sale from original list price)
Most Active Range: Homes below $600,000 have 25.8 %SOLD rate.
Least Active Range: Homes above $4.0 mill. have 1.1 %SOLD rate
History: The Vancouver Downtown Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $20,261.
The Vancouver Downtown Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $17,244.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Current listing inventories are 3% more than same month last year meaning that we are seeing a reduced listings supply. We project Vancouver Downtown to be on a Stable in the next months.
Greater Vancouver December 2022:
The Vancouver Real Estate Market shows that 71% of the Detached Homes in December decreased their values by ($8,770) on average. That means 29% of the markets have actually gone up in December! We are forecasting that the majority of the Hongcouver Markets will stabilize this February and we should see price increases in March.
Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with the Average Price decrease of ($1,837) and ($8,461) 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 December 2022
In December, 89% of Fraser Valley Real Estate Detached Market prices decreased by ($26,006) on average. We are now forecasting that the majority of the Hongcouver Markets will stabilize in February 2023. This cash influx should trickle out and stabilize the Fraser Valley by March or April .
Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with the Average Price decrease of ($1,837) and ($8,461) 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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