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, 2025

Current:  New West & E. Burnaby's Residential Detached housing is in a Buyer's Market with 11 %SOLD rate.
                      (meaning 5 homes out of 100 sold  last month with an average $96,344  decrease from the original list price)

Most Active Range: Homes above $2.5 mill. have  8.6 %SOLD rate.
Least Active Range: Homes between $2.0 mill. - $2.5 mill. have 3.6 %SOLD rate.

History: The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Upper 50%) shows that prices increased $43,087.
               The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $46,204.
                        *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; 121 homes are for sale and with the 11 %SOLD Monthly Rate giving us a ~20 Months of Inventory. We project New Westminster- East Burnaby Detached to be a Stable Market. 8% of the Active Listings have Reduced their Price by $71,901 on Average and $50,000 on Median for the last month.

Greater Vancouver December 2024:

In December 2024, about half of detached homes in Greater Vancouver increased in value, but on average single-family homes dropped $7,510. As mortgage rates continue to fall, more buyers are expected to enter the market. However, political and economic challenges, like the Canadian election and US trade issues, remain obstacles to the market recovery in 2025. Metro Vancouver is still forecast to be a stable market.

Condo and townhouse prices also fell, by $11,005 and $6,523 on average. These markets are expected to be Stable in the coming months.

For regular updates, visit VancouverMarketReports.com every Saturday at noon. Get insights on which areas in the Lower Mainland are gaining or losing value. For detailed reports and advice about your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 

Fraser Valley December 2024:

In December 2024, more than half of detached homes in Fraser Valley saw an increase in value, with single-family homes rising by an average of $736. As mortgage rates continue to fall, more buyers are expected to enter the market. However, political and economic challenges, like the Canadian election and US trade issues, remain obstacles to the market recovery in 2025. Metro Vancouver is still forecast to be a stable market.

The average price for condos rose by $2,127, while townhouses dropped by $1,630. We expect these markets to remain Stable in the coming months.

For regular updates, visit VancouverMarketReports.com every Saturday at noon. We provide insights on areas in the Lower Mainland that are gaining or losing value. For a full report and neighborhood details, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 

   
 

 

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

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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

[email protected]
vancouvermarketreports.com
  

eXp Realty
Abbotsford, Mission,Chilliwack BC

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