|
Current: New West & E. Burnaby's Residential Detached housing is in a Stable Market with 10%SOLD rate.
(meaning 10 homes out of 100 sold last month with an average $70,250 Discount from the original list price)
Most Active Range: Homes between $1.4 mill. - $1.6 mill. have a High 23.5 %SOLD rate.
Least Active Range: Homes above $2.5 mill. have 5.6 %SOLD rate.
History: The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Upper 50%) shows that prices increased $111,538.
The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $63,958.
*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; 80 homes are for sale and with the 10 %SOLD Monthly Rate giving us a ~10 Months of Inventory. We project New Westminster- East Burnaby Detached to be a Stable Market. 6% of the Active Listings have Reduced their Price by $73,820 on Average and $50,000 on Median for the last month.
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.
|
