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Current: Ladner, Tsawwassen and S.Delta residential detached housing market have a 15 %SOLD rate making it a Stable Market.
(This means 15 homes out of 100 sold last month with an average $19,999 Discount from the original list price )
Most Active Range: Homes below $1 mill. have 28.6 %SOLD rate
Least Active Range: Homes above $1.8 mill. have 2.9 %SOLD rate
History: Ladner, Tsawwassen and S.Delta Year-To-Date RMR Home Price Index* show that prices increased $30,000.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Ladner, Tsawwassen and S.Delta have 267 homes for sale and with the 15 %SOLD monthly rate gives us ~7 months of inventory. 9% of the active listings have reduced their price by $42,652 on average or $40,000 median in the last month.
August's Real Estate Statistics shows that 97% of Single-Family Homes in Metro Vancouver are in a Seller's Market. The Average Monthly Prices increased $5,594 which is the highest increase we have seen this year or for any August on record. On the Other hand, All Fraser Valley Detached Markets went up this month with $4,373 monthly price increase on average. Thus, we are forecasting that in the Metro Vancouver Markets will Seller's Market continue for the coming month.
Currently, Condos are also in a Seller Market with 90% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. On average, the Condo Market went up $1,036. At the same time, the Townhouse Markets increased $1,885. That is 23 out of 28 Markets increased (83%). We analyze and provide 97 individual City's Home Price Indexes to supply you 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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