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Current: East Vancouver has a Buyer's Market with average listing inventory, 9 %SOLD rate, a 95% Sell/List Ratio and 12 DOM.
(This means an average of a $94,000 decrease on a sale from the original list price)
Most Active Range: Homes below $1.7 mill. have a High 17.5 %SOLD rate.
Least Active Range: Homes above $3.3 mill. have 2.1 %SOLD rate.
History: The East Vancouver Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $352,908.
The East Vancouver Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $81,851.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: East Vancouver has average Listing Supply; with 491 homes for sale and the 9 %SOLD monthly rate gives us ~11 months of Inventory. 7% of the active listings have reduced their price by $133,553 on average or $100,000 on median for the last month. We project East Vancouver to be a continued Buyer Market.
Greater Vancouver September 2022:
In September, 86% of the Vancouver Real Estate Detached Markets' monthly prices decreased by ($27,946) on average; that's a 13% decline from last month's drop of $21,611. On the other hand, the Fraser Valley home prices dropped even more to ($45,444) on average. We are seeing continued downward pressures due to the increasing interest rates, high inflation, and stock market jitters. We are forecasting that the majority of the Metro Vancouver Markets will continue to be in a Buyer's Market for the next 6 months.
Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with an Average Price decrease of ($6,326) and ($13,326) respectively. 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 2022:
The Fraser Valley Real Estate Market shows that 94% of the Detached homes' monthly prices decreased in September by ($45,444) on average. This is the 2nd lowest price change we've seen on Record for the month of September. We are seeing continued downward pressures due to the increasing interest rates, high inflation, and stock market jitters. We are forecasting that the majority of the Fraser Valley Markets will continue to be in a Buyer's Market for the next 6 months.
Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with an Average Price Decrease of ($6,326) and ($13,326) respectively. 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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