Vancouver Real Estate Market Update Reports / West Surrey Real Estate Market Update Report.

   The West Surrey Housing Market Reports and Trends

 


 West Surrey Real Estate Market Reports and Forecasts 

West Surrey Market Update (Detached)
East Newton, West Newton, Cedar Hills, Bear Creek Green Timbers, Queen Mary Park Surrey and all the sub-areas of West Surrey Real Estate Market Update Report.

      What are West Surrey's Best and Worst Investments?

Archive Peak to Date Changes

June 1, 2022

gas gauge

Current: West Surrey is in a Buyer's Market with an average listing inventory, 9 %SOLD rate and a 101% Sell/List Ratio.  
                     (This means that there is an average of a $29,500 sales discount from the original list price)

Most Active Range: Homes below $1.35 mill. have 22.2 %SOLD rate.  
Least Active Range: Homes between $1.85 mill. - $2.2 mill. have 4.1 % SOLD rate.

History: The Surrey West Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $438,117.
                The Surrey West Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $295,954.
                 *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: West Surrey has average Listing supply; 467 homes are for sale and with the 9 %SOLD monthly rate gives us a ~9 months of inventory. 9% of the active listings have reduced their price by $121,573 on average or $100,300 median in the last month. We project West Surrey to be a Seller market.

Greater Vancouver June 2022:

June's Real Estate Statistics in Vancouver's Detached Markets continue to decline with 95% of the homes dropping in value. The monthly average price fell ($38,684) while in the Fraser Valley prices dropped ($42,274) on average. Due to the potential interest rates increases and economic woes, we are forecasting that the majority of the Metro Vancouver Markets will continue to be in a Buyer’s Market for the next coming months.

Currently, Both the Condo Markets and Townhouse Markets are in a Buyer's Market, with Average Price decrease of ($8,369) and ($16,388) respectively. 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 June 2022:

100% of the Fraser Valley's Detached Market monthly prices decreased in June by ($42,274) on average. This is the biggest JUNE drop we have seen on Record which is caused by an almost 50% drop in sales. Due to the potential increase on mortgage and interest rates for the 3rd quarter this year and the continued consumer behavior on the economic difficulties, we are forecasting that the majority of the Fraser Valley's Markets will continue to be in a Buyer’s Market for the next coming months.

Currently, Both the Condo Markets and Townhouse Markets are in a Buyer's Market, with an Average Price decrease of ($8,369) and ($16,388) respectively. 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.


   Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

 

   We invite you to analyze your home value/investment in 30+ market areas by inputting your previous purchase price and date in the Evaluator below! See "Evaluator / Forecaster" movie for directions. To see your homes monthly price changes from now on, just email your report to yourself. (3 bars link to email function)

 

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We thank Bill Coughlin for their support of these West Surrey Real Estate Market Updates which include sub-areas such as Bear Creek Green Timbers, Queen Mary Park Surrey, East Newton, West Newton, Cedar Hills etc. Contact Bill as the Local Expert..... more details.

West Newton, Cedar Hills, East Newton,  Bear Creek Green Timbers, Queen Mary Park Surrey and all the sub-areas of West Surrey Real Estate Market Update Report.

West Newton, Cedar Hills, East Newton,  Bear Creek Green Timbers, Queen Mary Park Surrey and all the sub-areas of West Surrey Real Estate Market Update Report.

West Newton, Cedar Hills, East Newton,  Bear Creek Green Timbers, Queen Mary Park Surrey and all the sub-areas of West Surrey Real Estate Market Update Report.

West Newton, Cedar Hills, East Newton,  Bear Creek Green Timbers, Queen Mary Park Surrey and all the sub-areas of West Surrey Real Estate Market Update Report.

Download the full West.Surrey.Marketupdatereport.PDF

The sub areas of West Surrey are West Newton, Cedar Hills, East Newton,  Bear Creek Green Timbers, Queen Mary Park Surrey etc

The sub areas of West Surrey are West Newton, Cedar Hills, East Newton,  Bear Creek Green Timbers, Queen Mary Park Surrey etc

The sub areas of West Surrey are West Newton, Cedar Hills, East Newton,  Bear Creek Green Timbers, Queen Mary Park Surrey etc

The sub areas of West Surrey are West Newton, Cedar Hills, East Newton,  Bear Creek Green Timbers, Queen Mary Park Surrey etc

This West Surrey Real Estate Market update includes the sub areas Cedar Hills, Queen Mary Park Surrey, Bear Creek Green Timbers, East Newton, West Newton etc.

  "Call me for coffee  ... 778-374-3744 anytime! Bill  See my Website

Click Image to compare previous STR/ MTI graphs            Trying to do the math? Lessons:  STR   MTI 

Ladner, South Delta, Real Estate Market Update Report

 

 

Real Estate Market Analysis Reports
  
  W. Surrey, E. Surrey, N. Delta 

This is the most accurate  %SOLD-Monthly Sell Through Rates (STR Graph)  using a 4 week time period to analysis the housing prices and Market trends. This Market Report is derived from the exact Sat to Friday 4 week time periods and this is dramatically more accurate than the month to month comparisons that vary based on actual working days eg month, weekends. These trends enable Real Estate Market predictions and forecast outlooks.
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West Surrey Real Estate Market Update Report.

 

Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

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