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

Sep 1, 2023

Current:  New West & E. Burnaby's Residential Detached housing is in a Seller Market with 19 %SOLD rate.
                      (meaning 19 homes out of 100 sold  last month with an average $39,900 decrease from the original list price)

Most Active Range: Homes between $2.0 mill $2.5 mill. have High 30.8 %SOLD rate.
Least Active Range: Homes above $2.5 mill. have 6.4 %SOLD rate.

History: The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Upper 50%) shows that prices decreased $78,028.
               The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $11,975.
                        *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; 113 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 Seller Market. 12% of the Active Listings have Reduced their Price by $134,762 on Average and $100,000 on Median for the last month.

Greater Vancouver August 2023:

In Greater Vancouver, the average prices of single-family detached homes took a dramatic turn in August, dropping by $8,319, a sharp contrast to the previous month's $2,661 increase. This marks the first decline since January. Our analysis suggests a shift toward a more stable real estate market. In this changing landscape with low inventory and the highest interest rates in 21 years, staying informed is crucial for buyers, sellers, and investors. Explore detailed reports for specific cities in Greater Vancouver through the city menu for a deeper understanding.

Currently, both the condominium and townhouse markets are in a state of stability. Condos have seen their average prices decrease by $3,572, while townhouses have faced a drop of $5,795.

Every Saturday at noon, we analyze 97 different city House Price Indices and present the most accurate market trends to you at VancouverMarketReports.com. 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 August 2023:

In the Fraser Valley, the average prices of single-family detached homes took a significant turn in August, dropping by $9,319, a sharp contrast to the previous month's modest $318 increase. This marks the first decline since February. Our analysis suggests a shift toward a more stable real estate market. In this changing landscape, with low inventory and rising interest rates, staying informed is crucial for buyers, sellers, and industry participants. Explore detailed reports for specific cities in Greater Vancouver through the city menu for a deeper understanding.

Currently, both the condominium and townhouse markets are in a state of stability. Condos have seen their average prices decrease by only $68, while townhouses have faced a drop of $2,071.

Every Saturday at noon, we analyze 97 different cities' House Price Indices and present the MOST ACCURATE Market Trends to you at VancouverMarketReports.com. 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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   New Westminster - Burnaby E.'s Home Evaluator / ROI / Forecaster
Single Family Detached High End .. more than $1,600,000    

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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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