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Sponsored in part by Virtual Real Estate Assistants

New Westminster - Burnaby E. RE/MAX Reports Market Update

Hi , your free RE/MAX Market Share Reports Plus many Advanced Market Reports.

Question? Do you know when 's market will switch to a Buyers Market, in advance?

Bottom-line if you are not using our Advanced Market Reports you have lost 25% of your profits.

Our Advanced Reports and the Stats Boot Camp Course empower Agents to get shaper prices;higher sell-through rates and to be able to show their clients the actual market trends.

Many of these Advanced Reports will probably look like gibberish until you take a lesson. Once empowered with your own personalized reports, then you can really understand the market trends to protect your clients and make you more money. Standing by to help you :) Bill Coughlin 778-374-3744 RE/MAX City

Now even Condominiums eked small gains in most communities this year!

Would like to to see the Condos Low & the Townhouse Changes too? Note: All of these Home Price Changes are complied from the most accurate VMR Home Price Index (paired) HPIp

, if you do not want any future RE/MAX Market Reports Please reply Remove Me and you will be sorely missed! :) Bill Coughlin

......

New Westminster - Burnaby E.

Oct 1, 2020

Current: New West & E. Burnaby's Residential Detached housing is in a Seller Market with 21 %SOLD rate.
(meaning 21 homes out of 100 sold last month with an average $18,500 Discount from the original list price)

Most Active Range: Homes between $1.125 mill. - $1.3 mill. have a High 35.8 %SOLD rate.
Least Active Range: Homes between $1.875 mill. have a 8.1 %SOLD rate.

History: The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Upper 50%) shows that prices decreased $12,000.
The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $10,814.
*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; 128 homes are for sale and with the 21 %SOLD Monthly Rate giving us a ~5 Months of Inventory. Another indicator: 13% of the Active Listings have Reduced their Price by $47,689 on Average and $40,000 on Median in the last month. We project New Westminster- East Burnaby Detached to be a Seller Market.

September's Real Estate Statistics shows that 100% of Single-Family Homes in Metro Vancouver are in a Seller's Market. This is the 1st time all markets are rising since May 2017. The Average Monthly Prices increased $9,084 which is the highest increase we have seen this year or for any September on record. ON the other hand, Fraser Valley shows $7,079 monthly price increase. Thus, we are forecasting that in the Metro Vancouver Markets will Seller's Market will continue for the coming month.

Currently, Condos are also in a Seller Market with 60% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. The average monthly price increase was $965. At the same time, 20 out of 28 Townhouse Markets increased an average of $1,412. We analyze and provide 97 individual City's Home Price Indexes to supply you 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.

Sponsored in part by Virtual Real Estate Assistants

Since 1984 RE/MAX Agents have had an edge; their monthly RE/MAX Market Reports .. It has being my privilege to expand these reports into critical marketing tools. Thank You! Bill Coughlin

My passion to help..... I seriously dream of new marketing tools to enable you make more money!

OK the Advanced Market Reports are tooo complicated at first glance. These reports are now split into

the Quick Reports for easy review
the Advanced reports that really needs a Stats Boot Camp lesson to fully comprehend
Forecasting for the Stats addicts like me.

Announcing the Instant Home Price Evaluator. In the year 2012, 82% of listings from Burnaby to Chilliwack DID NOT SELL, or were Discounted on sale an Amazing 7.8%* from the original list price! Help to price it right has arrived! 18 % homes were listed at a salable price and sold within 3.7%* .

Our Instant Home Price Evaluator on the right side takes just seconds and has an accuracy before adjustment of ~3.7%* of the resulting sale price 31% of the time. * (on average)
do call us for your custom reports and Stats Lessons Bill Coughlin 778-374-3744