|
Current: Port Moody's 34 %SOLD Rate indicates a Seller's Market.
(Meaning 34 Homes out of 100 Sold Last Month with an Average $73,500 decrease from the Original List price).
Most Active Range: Homes below $1.7 mill. have 45.0 %SOLD rate.
Least Active Range: Homes above $3.3 mill. have 8.3 % SOLD rate.
History: Pt Moody YTD RMR HPI* shows that prices increased $97,001.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Port Moody has Average Listing Supply; 39 homes are for sale and with the 34 %SOLD Monthly Rate gives us a ~3 months of Inventory. We project Port Moody to continue into a Buyer Market. 3% of the Active Listings have reduced their Price by $292,000 on Average and $292,000 on Median for the last month.
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.
|
