Current: Ladner, Tsawwassen and S.Delta residential detached housing market have a 10 %SOLD rate making it a Stable Market.
(This means 10 homes out of 100 sold last month with an average $46,000 Discount from the original list price )
Most Active Range: Homes below $1 mill. have 16.3 %SOLD rate
Least Active Range: Homes between $1.4 mill. - $1.8 mill. have 2.2 %SOLD rate
History: Ladner, Tsawwassen and S.Delta Year-To-Date RMR Home Price Index* show that prices decreased $118,602.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Ladner, Tsawwassen and S.Delta have 310 homes for sale and with the 10 %SOLD monthly rate gives us ~10 months of inventory. 18% of the active listings have reduced their price by $43,426 on average or $40,000 median in the last month.
June's Real Estate Statistics shows 62% of Vancouver's Detached Markets values decreased this month. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price Decrease of $18,158, which is a continuous decline from the last 2 months' $14,880 in May and the $8,007 price drop in April. On the other hand, the Fraser Valley remains a steady Market with the monthly price increase of $1,322. The following month's forecasts for Detached Homes are: a continued Buyer's Market across most of Vancouver and a Stable Market over most of the Fraser Valley.
Currently, the Condo Market presents a Cooler Market with 73% of the Greater Vancouver (Lower Mainland) Condo Prices decreasing. On the same note, 79% of the Townhouse Markets are decreasing (22 out of 28 Markets). We are forecasting a Buyers Market in most Condo and Townhouse Markets for the coming month. 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.