Vancouver Area May 12 2017 (2 week update)
Current: Vancouver area Real Estate Market ranges from a Stable to a Buyers Market with average of 19.6 %SOLD rate. See each city for the full details.
Forecast: April's Real Estate Statistics show all Markets are now in Sellers Market and by most accounts, we are repeating the 2016 Market almost Furious Activity Levels. This Consumer Confidence Recovery is due in part to an increased demand from a Large Local Investor Component and Markedly Low Inventory Levels. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price Increase of $23,408, which is close to the increase of $22,505 that we saw in March, but this pales in comparison to the whopping $32,589 Average increase in Fraser Valley and Single Family Homes in the Fraser Valley experienced an Average Monthly Price Increase of $32,589, which is a dramatic increase from the $23,490 increase that we saw in March and soundly beats out Vancouver's $23,408 increase. Last year our Single Family Markets peaked in June/July and we are forecasting a similar trend for this year.
Currently 100% of the Attached Markets are increasing at a fast pace in Greater Vancouver's 58 Markets. We continue to 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 Neighbourhood.
Fraser Valley & Chilliwack May 12 2017 (2 week update)
Current: Fraser Valley and the Chilliwack areas over all are in Sellers Market averaging a 29.4 %SOLD rate. See each city link for the full details