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Current: Port Moody's 28 %SOLD Rate indicates a Seller Market.
(Meaning 28 Homes out of 100 Sold Last Month with an Average $0 Sales Discount from the Original List price).
Most Active Range: Homes below $1.3 mill. have 55.6 %SOLD rate.
Least Active Range: Homes above $2.0 mill. have 8.8 %SOLD rate.
History: Pt Moody YTD RMR HPI* shows that prices increased $429,129.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Port Moody has Average Listing Supply; 60 homes are for sale and with the 28 %SOLD Monthly Rate gives us a ~4 months of Inventory. We project Port Moody to continue into a Seller Market.
Greater Vancouver September 2021:
Very Low Listing Inventories has caused the Vancouver Market Monthly Average Price to increase from $9,115 last month to $16,725. Yes, 71% of the Single-Family Home Markets went up! Why such a strong Sellers Market? Although the number of sales is normal, we now have the lowest listing inventory since 2011. This lack of listings is partially due to the covid infections/lockdowns resulting in many sellers putting plans on hold. We are forecasting that the majority of the Metro Vancouver Markets will continue to be a Seller's Market in the coming months.
Currently, Condos are now in a Seller's Market with 83% of the Greater Vancouver (Lower Mainland) Condo Prices increasing $8,355 on average. On the other hand, 89% Townhouse Markets (19 out of 28) prices increased $10,653 on average. We analyze and provide 97 individual City's Home Price Indexes to supply you with 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.
Fraser Valley September 2021:
Very Low Listing Inventories has caused the Fraser Valley Home Market Monthly Average Prices to increase $37,325 on average. This is the largest September price increase we've seen in 11years. Why such a strong Sellers Market? We have one of the lowest listing inventories since 2011. This is partially due to the covid infections/lockdowns resulting in many sellers putting plans on hold.
Currently, Condos are now in a Seller's Market with 83% of the Greater Vancouver (Lower Mainland) Condo Prices increasing $8,355 on average. On the other hand, 89% Townhouse Markets (19 out of 28) prices increased $10,653 on average. We analyze and provide 97 individual City's Home Price Indexes to supply you with 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.
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