Vancouver Real Estate Market Update Reports / Weekly Discount Market Changes

The Lower Mainland Real Estate Market Reports.
温哥华列治文加拿大不动产市场变动
 

 


The Lower Mainland Real Estate Market analysis reports archives; all our weekly reports

Do watch the money flow from Vancouver to Chilliwack every week!

gas gauge

Vancouver Area  June 14, 2024  (2-week Price Discount Update)

Current:  In the Vancouver area last week, 71% of the Single Family Home Sold Listings reduced their List Price by the Average of $81,186.
This compares to the week before when 73% reduced their List Price by the Average of $99,769. Meanwhile, 23% of the listings sold over the list price by average of $70,969.  
See each city for the full details.

Forecast:

Greater Vancouver May 2024:

The cost of single-family homes in Greater Vancouver showed an average price increase of $9,848, which is just under the $11,953 increase seen in April. Some good news: the Canadian Prime Rate did drop .25% which is a moral booster for some but still.  housing market will only get stronger if mortgage rates go down enough to make homes more affordable and a 1/4 point drop will not do that. We forecast that the Metro Vancouver area is now a Buyer's Market and will be for months ahead.

60% of the condos and townhouses increased in price last month. The price of Condos last month was up $2,602 on average, while townhouses now cost $699 more on average. We believe that the condo and townhouse markets will peak now and hold steady for the next few months in Vancouver. 

For the latest market trends, join us every Saturday at noon on VancouverMarketReports.com. We discuss which areas in the Lower Mainland are doing well and which are not. For a complete update on market values, forecasts, and a detailed analysis of your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 

Fraser Valley May 2024:

The cost of single-family homes in Fraser Valley showed an average price increase of $1,063, which is down from the $4,367 increase seen in April. Some good news: the Canadian Prime Rate did drop .25% which is a moral booster for some but still.  housing market will only get stronger if mortgage rates go down enough to make homes more affordable and a 1/4 point drop will not do that. We forecast the Fraser Valley area will turn to a Buyer's Market this month. 

The price of Condos last month dropped by $3,920, while townhouses also declined by $2,562 on average. We believe that the condo and townhouse markets will remain a buyers market for the next few months. 

For the latest market trends, join us every Saturday at noon on VancouverMarketReports.com. We discuss which areas in the Lower Mainland are doing well and which are not. For a complete update on market values, forecasts, and a detailed analysis of your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 


Fraser Valley & Chilliwack  June 14, 2024  (2-week Price Discount Update)

Current:  In the Fraser Valley-Chilliwack area last week, 75% of the Single Family Home Sold Listings reduced their List Price by the Average of $42,477.
This compares to the week before when 79% reduced their List Price by the Average of $46,511. Meanwhile, 18% of the listings sold over the list price by average of $39,172. 
See each city link for the full details

gas gauge

 

Now do compare the Weekly Discounts to last year below! 

Now do compare the Weekly Discounts to the year 2022 

Now do compare the Weekly Discounts to the year 2021 

Weekly Discounts      History Below 

 Index Vancouver,  Downtown-West End, Yaletown, Richmond,  East Van,  West Van,  North Van, South Burnaby, North Burnaby, E.Burnaby-New WestCoquitlam, Port Coquitlam-Port Moody, Ladner-Tsawwassen, Maple Ridge, White Rock, N. Delta, W. Surrey E. Surrey, Langley, North Langley, Chilliwack, Mission,  Abbotsford, East vrs West

Archives: Aug 2011

How the  STR  and  MTI  rates actually work Click here


The Chinese Investors Are Coming; 20%-33% price jump in 6 weeks!

March 2 2011 w8c

Research shows that the Richmond Residential Market has jumped 20%, an all time price increase, nearly $158,000 for the average home in just 6 short weeks with no end in sight.  (daily increases could make it closer to 30% today)

Listen to the " Entrepreneur of the Week's" podcast with the experts as to how this price surge could affect your home value and how you can make informed decisions. Click for podcast


The Chinese Investors are buying from helicopter viewings!

The recent study on the influx of mainland Chinese investors into Richmond and the coastal communities shows a dramatic increase in prices, 20%-33% in just six weeks. But the question for many is will that new money come to their community or will it be focused in a narrow ocean front corridor. click to read Full Report


East vrs West, why is one going up and one going down?

Does the new Chinese investment money trickle or rush into other communities to the East or to the North? The overview study looks at two areas

#1 The Chinese Corridor extending from Richmond to White Rock including to Tsawwassen, Ladner and a little bit north into the Vancouver Kitsilano area.

#2 The area east of it, namely of the Fraser Valley Real Estate Board: Surrey to Chilliwack. Here we see the first area has a 30% monthly listing sell-through and the area east of it is currently at a 9% monthly sell-through   to read more ..click here


Abbotsford ..East and West very different markets.

Nowhere have we seen such a major home price difference as we do in East and West Abbotsford. This study shows that East Abbotsford had a substantial reduction of price of nearly $100,000 during 2008 and at the same time West Abbotsford barely adjusted. Today both these communities are selling for ~$85,000 difference yet they are located only 10 minutes apart. to read more ..click here

Advanced Market Reports: %%FIRSTNAME to access the current Supply-and-Demand and the next "30 Day Market Projections" reports for your home: Click Here .Abbotsford,  Mission  Chilliwack, LangleySurrey White Rock,    East vrs West  
Richmond,  East VanNorth Van, Burnaby CoquitlamMaple Ridge


Bill shares his secrets on how to make money in this R.E. market.

A moving Market either Up or Down creates great opportunities to gain extra equity.

How did Bill manage to sell his home at the exact top of the market.. what was his secret?

Hindsight is always 20/20, but now with my secret analysis you can better understand the market projections and earn money in both Up and Down markets!                                    details


Get paid for your neighborhood, not just your home

Neighborhood profile movies can really increase your selling price and they are a new service to help you, the buyers and all Realtors.   

Hear how many purchasers have out of town agents and don't know the neighborhood.

Public URL         
                                                                                                                                        details


                                                                                                                                              

Bill Coughlin
"Realtor and Lifestyle Consultant"

604-217-3992 cell        1-888-539-4664 Toll free                     [email protected]

Re/Max Little Oak Realty


Real Estate
Market Reports

Aug 24th Projections

RE/MAX Market Share Reports REMAX

Market Updates
from the local Experts

Bill Coughlin
eXp Realty

call me 1-778-374-3744
Email: [email protected]

The Market Updates
from the local Experts

Bill Coughlin
eXp Realty

call me 1-778-374-3744
Email: [email protected]

 

Do watch the Market Updates
from the local Experts

Bill Coughlin
eXp Realty

call me 1-778-374-3744
Email: [email protected]

 

Bill Coughlin
eXp Realty

call me 1-778-374-3744
Email: [email protected]

 

 

 

 

 

 

 

 

Number of visits on this page: 8,251. Number of visits on this site: 12,802,867.