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Current: New West & E. Burnaby's Residential Detached housing is in a Stable Market with 19 %SOLD rate.
(meaning 19 homes out of 100 sold last month with an average $15,500 decrease from the original list price)
Most Active Range: Homes between $1.4 mill.-$1.6 mill. have High 50.0 %SOLD rate.
Least Active Range: Homes above $2.5 mill. have 6.1 %SOLD rate.
History: The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Upper 50%) shows that prices increased $118,186.
The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $24,286.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: New Westminster- East Burnaby has an average Listing Supply; 99 homes are for sale and with the 19 %SOLD Monthly Rate giving us a ~5 Months of Inventory. We project New Westminster- East Burnaby Detached to be a Stable Market. 7% of the Active Listings have Reduced their Price by $92,270 on Average and $100,000 on Median for the last month.
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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