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North Burnaby 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 eXp Realty

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

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Burnaby

May 1, 2023

Current: Burnaby's Residential Detached housing market is in a Seller's Market with 27 %SOLD rate.
(This means 27 homes out of 100 sold last month with an average $43,500 decrease from the original price) Lesson

Most Active Range: Homes between $1.7 mill.-$1.9 mill. have 43.6 %SOLD rate
Least Active Range: Homes above $3.5 mill. have 15.0 %SOLD rate.

History: The Burnaby Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $127,816.
The Burnaby Home PriceIndexHPIp (Lower 50%) Year-To-Date shows that prices increased $148,577.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Burnaby has a normal Listing supply; 151 homes are for sale and with the 27 %SOLD monthly rate gives us a ~5 months of inventory. 7% of the active listings have reduced their price by $118,201 on average or $100,000 median. We project Burnaby now in Seller's market.

Greater Vancouver April 2023:

In April, the Greater Vancouver Single-Family Homes increased by a monthly average price of $11,259. This is the 3rd consecutive monthly price increase. Last years buyers that waited for the market bottom are actively buying now. We continue to forecast a Seller's market for the next 6 weeks before stabilizing.

Currently, the Condo and Townhouse Markets continue to be in a Seller's Market, with average price increases of $8,861 and $8,587, respectively. Every Saturday at noon, we analyze 97 different City's House Price Indices and present the MOST ACCURATE Market Trends to you. Please get in touch with us if you'd like a market value update that includes a thorough analysis and forecast for your neighborhood and local market area. - Your Neighborhood.

Fraser Valley April 2023:

The Fraser Valley's Real Estate is heating up with 83% of the Detached Market increased home prices. Single Family Homes Average Price increased by $36,449 in April. This is twice the increase of the $17,585 that we saw the month earlier. Last years buyers that waited for the market bottom are actively buying now. We forecast a Seller's market for the next 10 weeks before stabilizing.

Currently, the Condo and Townhouse Markets continue to be in a Seller's Market, with average price increases of $8,486 and $17,215, respectively. Every Saturday at noon, we analyze 97 different City's House Price Indices and present the MOST ACCURATE Market Trends to you. Please get in touch with us if you'd like a market value update that includes a thorough analysis and forecast for your neighborhood and local market area. - Your Neighborhood.