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Current: Ladner, Tsawwassen and S.Delta residential detached housing market have a 32 %SOLD rate making it a Seller Market.
(This means 32 homes out of 100 sold last month with an average $0 Discount from the original list price )
Most Active Range: Homes between $1.2 mill. - $1.4 mill. have 67.7 %SOLD rate.
Least Active Range: Homes above $1.8 mill. have 14.5 %SOLD rate.
History: Ladner, Tsawwassen and S.Delta Year-To-Date RMR Home Price Index* show that prices increased $286,000.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Ladner, Tsawwassen and S.Delta have 90 homes for sale and with the 32 %SOLD monthly rate gives us ~3 months of inventory. 6% of the active listings have reduced their price by $86,240 on average or $79,000 median in the last month.
Greater Vancouver December 2021:
The Vancouver Market Monthly Average Price increased $37,949. This is 2nd highest price increase on record for the month of December. Why such a strong Sellers Market? Although the number of sales are near normal, we now have the lowest listing inventory in decades. 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 continue to be in a Seller's Market with 90% of the Greater Vancouver (Lower Mainland) Condo Prices increasing $12,030 on average. On the other hand, 100% of the Townhouse Markets (28 out of 28) prices increased $26,206 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 December 2021:
100% of the Fraser Valley Detached Markets went up for the month of December with $60,154 monthly average price increase. An all time record!! This increase is even $19,438 more than December 2020. Why such a strong Sellers Market? We now have the lowest listing inventories in decades, 50% lower than usual. This is partially due to the covid infections/lockdowns resulting in many sellers putting plans on hold.
Currently, Condos continue to be in a Seller's Market with 90% of the Greater Vancouver (Lower Mainland) Condo Prices increasing $12,030 on average. On the other hand, 100% of the Townhouse Markets (28 out of 28) prices increased $26,206 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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