Vancouver Area   Feb 15, 2019  (2-week update)

Current:  Vancouver area Real Estate Market ranges from a Sellers Market to a Buyers Market with an average of 6.2 %SOLD rate.   See each city for the full details.

Forecast: January's Real Estate Statistics shows 69% of Vancouver's Detached Markets values experienced an Average Monthly Price decrease of $13,255 which more than last December's price drop of $11,497. On Average, the Fraser Valley Market shows a $3,389 monthly price decrease. Consumer confidence has been damped with the Volatile Stock Markets, tougher mortgage lending rules and pending interest rate increases. We are forecasting a Buyer's Market across most Detached Markets for the following months.

Currently, the Condo Market presents a Cool Market with 77% of the Greater Vancouver (Lower Mainland) now decreasing. At the same time, 71% of the Townhouse Markets are decreasing. (20 out of 28 Markets). Both Markets still indicate a Buyer's "Wait-To-Drop-More" behaviour for the last 3 quarters. We are forecasting a Buyer’s Market in all Condo/Townhouse Markets for the foreseeable future. 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.

Fraser Valley & Chilliwack  Feb 15, 2019  (2-week update)

Current:  Fraser Valley and the Chilliwack areas overall are in a Stable Market averaging a 13.9 %SOLD rate.  See each city link for the full details

In the Vancouver area for the Month of Jan 2019, 38% of the Single Family Home Sold Listings reduced their List Price by the Average of $131,067. This compares to Dec 2018, when 33% reduced their List Price by the Average of $87,007.
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.)

In the Fraser Valley-Chilliwack area, for the Month of Jan 2019, 35% of the Single Family Home Sold Listings reduced their List Price by the average of $35,808. This compares to Dec 2018 when 42% reduced their List Price by the average of $35,197.

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

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

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

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

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

Now %%FIRSTNAME do compare the %SOLD and the MTI rates to the year 2012! Now %%FIRSTNAME do compare the %SOLD and the MTI rates to the year 2011!

The Best and Worst Investments in Greater Vancouver (YTD)

AVERAGE Prices Changes 
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HIGH ENDS AND LOW ENDS

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