The Lower Mainland Real Estate Market Reports, Forecasts and Trends

 


The lower mainland real estate market reports give you live market updates. Pick a city above to see their report!!

                         EXPAND..Interactive Link

 

 
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Vancouver Area  July 1, 2022  (2-week update)

Current:  Vancouver area Real Estate Market are in a Stable Market with an average of 11.4 %SOLD rate.   See each city for the full details.

Forecast:

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.


Fraser Valley & Chilliwack  July 1, 2022  (2-week update)

Current:  Fraser Valley and the Chilliwack areas overall are in a Stable Market averaging a 10.2 %SOLD rate.  See eaccity link for the full details

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by Vancouver Market Reports

 

   Which Real Estate Markets are Going Up or Down Next?
You can follow the Market Money move from the West to the East every 2 weeks. Need a lesson? Call 778-374-3744  
   

Trying to do the math?   STR   Lesson  MTI  Lesson

%SOLD rates for 1 Week below

Now do compare the %SOLD rates to HIGHEST STR below!      Archive

Now do compare the %SOLD rates to last year below! 

Now do compare the %SOLD rates to the year 2020

%SOLD rates for 1 week      Archive


%SOLD rates for 2 Weeks below

Now do compare the %SOLD rates to last year below!      Archive

Now do compare the %SOLD rates to the year 2020

Now do compare the %SOLD rates to the year 2019

Now do compare the %SOLD rates to the year 2018

Now do compare the %SOLD rates to the year 2017

Now do compare the %SOLD rates to the year 2016

Now do compare the %SOLD rates to the year 2015

Now do compare the %SOLD rates to the year 2014

Now do compare the %SOLD rates to the year 2013

Now do compare the %SOLD rates to the year 2012

Now do compare the %SOLD rates to the year 2011

 
 


Trying to do the math?   STR   Lesson  MTI  Lesson  

Now do compare the %SOLD and the MTI rates to last year!

Now do compare the %SOLD and the MTI rates to year 2020!

Now do compare the %SOLD and the MTI rates to year 2019!

Now do compare the %SOLD and the MTI rates to year 2018!

Now do compare the %SOLD and the MTI rates to year 2017!

Now do compare the %SOLD and the MTI rates to year 2016!

Now do compare the %SOLD and the MTI rates to the year 2015

Now do compare the %SOLD and the MTI rates to the year 2014

Now do compare the %SOLD and the MTI rates to the year 2013

Now do compare the %SOLD and the MTI rates to the year 2012

Now do compare the %SOLD and the MTI rates to the year 2011

 

Archives: Dec 2011

 

Real Estate Market Conditions for the Vancouver Area

 

In the Vancouver area for the Month of May 2022, 12% of the Single Family Home Sold Listings reduced their List Price by the Average of $131,567. This compares to Apr 2022, when 5% reduced their List Price by the Average of $183,409
(Note: the other Two Week Reports ( STR and MTI ) will be more accurate market indicators than this monthly report after the middle of each month)

 

   

Real Estate Market Conditions for the Fraser Valley and Chilliwack Area

In the Fraser Valley-Chilliwack area, for the Month of May 2022, 22% of the Single Family Home Sold Listings reduced their List Price by an average of $81,956. This compares to Apr 2022 when 14% reduced their List Price by an average of $92,014.

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Did Vancouver Real Estate Really go down 17% since April 2018 peak? 

The Best and Worst Investments in Greater Vancouver()


Peak-To-Date: Greater Vancouver Real Estate Markets AVERAGE Prices Changes 
Updated 2022 April

Prices have dropped across All Cities, All Markets!

From the Peak in June 2016 (71 months Sales) For Vancouver Detached Homes:

Vancouver Westside is down with 0.3%, Whilst White Rock went up 39.6%.

From the Peak in April 2018 (49 months Sales) For Fraser Valley Detached Homes:

All cities continue to show an upward trend, especially Abbotsford at 72.0% and  74.6% for Chilliwack


(Click Image to See the difference between the High and Low Markets)



Compare the HIGH-END and LOW-END Markets

   Houses  Detached Homes                                                                                                                                                 TOP

 
Condos  Attached        High/Low Markets                                                                                                                  TOP

Townhouses  Attached        High/Low Markets                                                                                              TOP

 

Bill Coughlin
"Realtor and Lifestyle Consultant"

 

1-778-374-3744            Bill@coughlinteam.com

eXp Realty
Independently Owned and Operated                               Key words Real Estate Investments Housing Market Trends and Forecasts for Vancouver Area

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Trying to do the math?   STR   Lesson  MTI  Lesson
How the  STR  and  MTI  rates actually work Click here

                                                                                                                                  

Bill Coughlin
"Realtor and Lifestyle Consultant"

778-374-3744 cell        1-888-539-4664 Toll free                     Bill@coughlinteam.com

EXP Realty

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