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New Westminster, E. Burnaby Housing Market Trends

Index Abbotsford Burnaby Chilliwack Coquitlam N. Delta Delta Ladner Langley N. Langley Maple Ridge Mission New West Port Coquitlam Port Moody Richmond Surrey West Surrey East South Surrey White Rock 温哥华房地产投资

Vancouver Westside Downtown-West End East Vancouver West Van North Van

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?

Jan 1, 2021

Current: New West & E. Burnaby's Residential Detached housing is in a Seller Market with 29 %SOLD rate.
(meaning 29 homes out of 100 sold last month with an average $26,500 Discount from the original list price)

Most Active Range: Homes between $1.29 mill. - $1.4 mill. have a High 45.5 %SOLD rate.
Least Active Range: Homes above $1.7 mill. have a 6.1 %SOLD rate.

History: The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Upper 50%) shows that prices decreased $32,050.
The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $56,378.
*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; 64 homes are for sale and with the 29 %SOLD Monthly Rate giving us a ~3 Months of Inventory. Another indicator: 6% of the Active Listings have Reduced their Price by $159,522 on Average and $99,000 on Median in the last month. We project New Westminster- East Burnaby Detached to be a Seller Market.

December's Real Estate Statistics continue to show a highly emotional market. We have seen 100% of the Single-Family Homes in Metro Vancouver are in a Seller's Market. The Average Monthly Price jumped up to $56,358! ON the other hand, December's Real Estate Statistics shows that in this highly emotional market that 100% of the Fraser Valley Detached Markets went up this month. The Average Monthly Price jumped up a whopping $40,716. This is the Highest December Price increase on record. This seller's market is partly due to the fact that we have Record-Low listing levels. We are forecasting that the Metro Vancouver Markets will continue to be a Seller's Market for the coming month.

Currently, Condos are in a more subdued Seller's Market with 60% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. The average monthly price increase was a mere $1,522. At the same time, 26 out of 28 Townhouse Markets increased an average of $7,187. We analyze and provides 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.

Index Abbotsford Burnaby Chilliwack Coquitlam Langley New West - Burnaby E.North Langley North Delta Maple Ridge Mission Richmond Surrey West Surrey East South Surrey White Rock Vancouver Westside Downtown-West End East Vancouver West Van North Van Other Canadian and American Cities Chinese and World Cities

New Westminster - Burnaby E.'s Home Evaluator / ROI / Forecaster
Single Family Detached High End .. more than $1,300,000+

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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.

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

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

Vancouver Westside Downtown-West End East Vancouver West Van North Van

Real Estate Market Analysis Reports

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.