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Sponsored in part by Virtual Real Estate Assistants

North Delta 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

......

North Delta

June 1, 2020

Current: N.Delta has a Buyer Market with 9 %SOLD rates and a 96% Sell/List ratio.
(This means that there is an average of a $39,000 Discount from Original list price)

Most Active Range: Homes between $875,000 - $940,000 have a high 17.6 %SOLD rate.
Least Active Range: Homes above $1.2 mill. have 1.8 %SOLD rate.

History: North Delta Year-To-Date Home Price Index* HPIp (Top 50%) shows that prices decreased $19,498.
The North Delta Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $10,024.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: North Delta has average Listing supply; 117 homes are for sale and with 9 %SOLD monthly rates gives us about ~9 months of inventory. 9% of the active listings have reduced their price by $32,000 on average or $34,500 on median for the last month. We project North Delta to be a continued Buyer 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.

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