Current:  New West & E. Burnaby's Residential Detached housing is in a Seller Market with 16 %SOLD rate.
                      (meaning 16 homes out of 100 sold  last month with an average $54,500 Discount from the original list price)

Most Active Range: Homes below $1 mill. have a High 30.0 %SOLD rate.
Least Active Range: Homes between $1.3 mill. - $1.6 mill. have a 6.7 %SOLD rate.

History: The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Upper 50%) shows that prices decreased $48,069.
               The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $7,001.
                        *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; 108 homes are for sale and with the 16 %SOLD Monthly Rate giving us a ~6 Months of Inventory.  Another indicator: 6% of the Active Listings have Reduced their Price by $68,800 on Average and $69,550 on Median in the last month. We project New Westminster- East Burnaby Detached to be a Seller Market.

May's Real Estate Statistics shows that 86% of Single-Family Homes in Metro Vancouver are in a Seller's Market. The Average Monthly Prices increased $2,796 which is a slight increase over last month's increase. On the Other hand, May's Real Estate Statistics shows 61% of Fraser Valley's Detached Markets increased values this month. Fraser Valley's Single Family Homes had a $1,220 monthly price increase. We are all surprised at the Market resilience with our large drops in sales during the pandemic. It turns out that the few buyers we had competed for the very low listing inventories. Now we are seeing a trend of substantial new listings increases and are forecasting a stable Market this coming month.

Currently, Condos are in a Seller Market with 60% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. On average, the Condo Market went up $894. At the same time, the Townhouse Markets increased $1,243. That is 71% increased (20 out of 28 Markets). 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.

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

Spring 2014 Market News

 STOP  61% of 's listings from EXPIRING!