New Westminster, E. Burnaby Housing Market Trends

 


  New Westminster, East Burnaby Real Estate Market Reports and Forecasts   Previous Report

East Burnaby, New Westminster Market Update
West End NW, Queensborough, Queens Park, East Burnaby, The Heights NW and all the sub-areas of East Burnaby, New Westminster Real Estate Market Update Report.

What are New Westminster, E. Burnaby's Best and Worst Investments?

Archive Peak to Date Price Changes

Feb 1, 2024

Current:  New West & E. Burnaby's Residential Detached housing is in a Buyer's Market with %SOLD rate.
                      (meaning 9 homes out of 100 sold  last month with an average $49,000 decrease from the original list price)

Most Active Range: Homes between $1.4 mill.- $1.6 mill. have High 35.3 %SOLD rate.
Least Active Range: Homes between $1.3 mill.-$1.4 mill and above $2.5 mill have 0 %SOLD rate.

History: The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Upper 50%) shows that prices decreased $45,554.
               The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $51,078.
                        *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; 77 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. 

Greater Vancouver December 2023:

In January 2024, the Single-Family Detached Home Market in Greater Vancouver experienced an average monthly price increase of $3,444. This rise is influenced by low inventory levels compared to previous years and the anticipated mortgage rate cuts, which have boosted buyer confidence. We expect prices to stabilize in most Vancouver Detached Home Markets in the upcoming month.

Recent research highlights the ongoing pressure on the condominium market. However, there’s some positive news for townhomes: their values have gradually improved over the last month, with an average increase of $3,147. On the other hand, condominium prices have seen an average decline of $3,974 .

For the most accurate and up-to-date market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, please don't hesitate to contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 

Fraser Valley December 2023:

In January 2024, the Single-Family Detached Home Market in the Fraser Valley experienced an average monthly price increase of $1,040. This rise is influenced by low inventory levels compared to previous years and the anticipated mortgage rate cuts, which have boosted buyer confidence. We expect prices to stabilize in most Vancouver Detached Home Markets in the upcoming month.

Recent research highlights the ongoing pressure on the condominium market. However, there’s some positive news for townhomes: their values have gradually improved over the last month, with an average increase of $4,281. On the other hand, condominium prices have seen an average decline of $2,095 .

For the latest and most accurate market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the performance of winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, feel free to reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.

 

   
 

 

Vancouver real estate investments

 

 

 

 

 


   New Westminster - Burnaby E.'s Home Evaluator / ROI / Forecaster
Single Family Detached High End .. more than $1,700,000    

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              你的房屋价值 ,利润, 投资收益率知多少?


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We thank Bill Coughlin for his support of these New Westminster, E.Burnaby Real Estate Updates which include sub-areas such as Queensborough, Queens Park, West End NW, East Burnaby, The Heights NW etc. Contact Bill as the Local Expert.... more details.

 include the sub areas West End NW, Queensborough, Queens Park, East Burnaby, The Heights NW etc These E.Burnaby, New Westminster Real Estate updates.

 include the sub areas West End NW, Queensborough, Queens Park, East Burnaby, The Heights NW etc These E.Burnaby, New Westminster Real Estate updates.

 include the sub areas West End NW, Queensborough, Queens Park, East Burnaby, The Heights NW etc These E.Burnaby, New Westminster Real Estate updates.

 include the sub areas West End NW, Queensborough, Queens Park, East Burnaby, The Heights NW etc These E.Burnaby, New Westminster Real Estate updates.

Download the full NewWestminster.E.Burnaby.Marketupdatereport.PDF

These E.Burnaby, New Westminster Real Estate updates include the sub areas Queens Park, East Burnaby, West End NW, Queensborough, The Heights NW etc.

These E.Burnaby, New Westminster Real Estate updates include the sub areas Queens Park, East Burnaby, West End NW, Queensborough, The Heights NW etc.

These E.Burnaby, New Westminster Real Estate updates include the sub areas Queens Park, East Burnaby, West End NW, Queensborough, The Heights NW etc.

These E.Burnaby, New Westminster Real Estate updates include the sub areas Queens Park, East Burnaby, West End NW, Queensborough, The Heights NW etc.

This E.Burnaby, New Westminster Real Estate Market update includes the sub areas West End NW, Queensborough, Queens Park, East Burnaby, The Heights NW etc.

Click Image to compare previous STR/ MTI graphs            Trying to do the math? Lessons:  STR   MTI 

Ladner, South Delta, Real Estate Market Update Report


 

 

Real Estate Market Analysis Reports  

New West Real Estate Market Analysis Report

Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

 

study Criteria: Sq.ft. 2000 to 3500, Frontage: Maximum 69, Bedroom: 3 to 6, Age: 3 to 65 years. As per Study area Map

Why we study the market changes

People really want to know if the market is going up or down in the next quarter, and why not; a mistake could cost them 1,000's of their after tax equity!

Basically the average home prices reported by our Real Estate Boards have very little to do with actual home price changes.

In fact,  when the average prices go up, it really could simply mean that during the month a few BIG million dollar homes may have been sold.  When the average home price goes down it could mean that that month a lot of first time buyers bought the cheapest homes in town. In other words, these averages have absolutely NOTHING to do with "did your house value go up or down?".

Let me show you my extensive analyzing of the LOCAL neighborhood market areas and market projections.

Bill Coughlin

"Realtor and Lifestyle Consultant"

604-217-3992 cell
1-888-539-4664 Toll free

Bill@CoughlinTeam.com
vancouvermarketreports.com
  

eXp Realty
Abbotsford, Mission,Chilliwack BC

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