|
Current: Ladner, Tsawwassen and S.Delta residential detached housing market has a 22 %SOLD rate making it a Stable Market.
(This means 22 homes out of 100 sold last month with an average $32,490 decrease from the original list price )
Most Active Range: Homes between $1.5 mill. $1.7 mill. have 42.9 %SOLD rate.
Least Active Range: Homes above $ 3.0 mill. have 4.0 %SOLD rate.
History: Ladner, Tsawwassen and S.Delta Year-To-Date RMR Home Price Index* show that prices increased $180,722.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Ladner, Tsawwassen and S.Delta have 163 homes for sale and with the 15%SOLD monthly rate gives us ~5 months of inventory. We project Ladner, Tsawwassen to continue into a Stable Market. 7% of the active listings have reduced their price by $63,683 on average or $65,000 median in 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.
|
