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Current: Ladner, Tsawwassen and S.Delta residential detached housing market has a 17 %SOLD rate making it a Seller's Market.
(This means 17 homes out of 100 sold last month with an average $19,900 decrease from the original list price )
Most Active Range: Homes below $1.5 mill. have 21.1 %SOLD rate.
Least Active Range: Homes above $ 3.0 mill. have 6.3 %SOLD rate.
History: Ladner, Tsawwassen and S.Delta Year-To-Date RMR Home Price Index* show that prices increased $81,932.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Ladner, Tsawwassen and S.Delta have 134 homes for sale and with the 117 %SOLD monthly rate gives us ~6 months of inventory. We project Ladner, Tsawwassen to continue into a Seller's Market. 8% of the active listings have reduced their price by $49,291 on average or $40,000 median in the last month.
Greater Vancouver March 2024:
The average monthly cost for single-family detached homes has risen by $18,256, marking a slight decrease from February's average price of $20,376. Despite the difficulties caused by higher borrowing costs, rising prices, and the limited availability of listings, we predict that the real estate market will favor sellers for the next six weeks.
In Vancouver's condo market, 67% of condos have experienced an average price decrease of $8,951. Conversely, the average price of townhouses has climbed to $10,973, we are forcasting a continued Sellers Market.
For the most accurate and up-to-date market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, please don't hesitate to contact Bill Coughlin and the Coughlin Team at 778-374-3744.
Fraser Valley March 2024:
The average monthly cost for single-family detached homes has risen by $13,015, marking a slight decrease from February's average price of $19,686. Despite the difficulties caused by higher borrowing costs, rising prices, and the limited availability of listings, we predict that the real estate market will favor sellers for the next six weeks.
In Fraser Valley's condo market, 75% of condos have experienced an average price decrease of $3,434. Conversely, the townhouse market's average price has climbed to $9,716, we are forcasting a continued Sellers Market.
For the latest and most accurate market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the performance of winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, feel free to reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.
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