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Current: East Vancouver has a Buyer Market with average listing inventory, 11 %SOLD rate, a 99% Sell/List Ratio and 10 DOM.
(This means an average of a $19,000 discount on a sale from the original list price)
Most Active Range: Homes below $1.25 mill. have a High 30.4 %SOLD rate.
Least Active Range: Homes above $2.4 mill. have 2.6 %SOLD rate.
History: The East Vancouver Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $73,300.
The East Vancouver Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $7,041.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: East Vancouver has average Listing Supply; with 357 homes for sale and the 11 %SOLD monthly rate gives us ~9 months of Inventory. 6% of the active listings have reduced their price by $98,762 on average or $90,000 on median for the last month. We project East Vancouver to be a continued Buyer Market.
April's Real Estate Statistics shows that 76% of Single-Family Homes in Metro Vancouver have been in a Seller's Market. The Average Monthly Price increase was $2,100 which is a small decline from last month's $4,090 gain. On the other hand, Fraser Valley’s Detached Markets increased values this month. Single Family Homes had a $2,239 monthly price increase. Yes, both sales and inventory have dropped in the last month and the sell-through rates are falling enough to become a Buyer's Market. With that being said, we are not going to forecast the Markets this coming month, due to the Stock Market volatility and the Pandemic on hand.
Currently, Condos are in a Seller Market with 77% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. On average, the Condo Market went up $1,476. At the same time, the Townhouse Market increased $1,366 on average. That is 79% increased (22 out of 28 Markets). We analyze and provide 97 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends every 2 weeks. 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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