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Current: Mission is a Stable Market with normal listing inventories, 13 %SOLD rate and Sale Price /List Price = 97%
(e.g.: means an average of a $25,000 increase from the original list price on sale .)
Most Active Range: Homes below $400,000 have 38.9 %SOLD rate.
Least Active Range:: Homes between $1.45 mill. - $2.0 mill. have 2.2 %SOLD rate.
History: The Mission Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $333,068.
The Mission Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $197,323.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Mission has average Listing Supply; 306 homes are for sale and with the 13 %SOLD monthly rate gives us a ~8 months of inventory. Another indicator: 44% of the Active Listings have Reduced their Price by $87,151 on Average and $96,900 on Median for the last month. We project Mission Detached to be a Stable 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.
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