Vancouver Area Feb 2 2018 (2 week update)
Current: Vancouver area Real Estate Market ranges from a Sellers Market to a Buyers Market with average of 10.9 %SOLD rate. See each city for the full details.
December's Real Estate Statistics show 51% of Vancouver's Detached Markets increasing values this month. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price decrease of $12,671, which is a big drop from the $3,870 increase that we saw in the month prior. On the an Average Monthly Price increase of $5,518, which is close to the $6,132 increase that we saw in the month prior. With the much tougher mortgage lending rules upon us, the pending higher interest rates, pending trade tariffs and the chilly economic winds arriving starting in January, we are forecasting the beginning of Buyers Market across most Detached and Townhouse Markets.
Currently, the Condo Markets set the pace with 67% still increasing in Greater Vancouver (Lower Mainland) (20 of 30 Markets). We are forecasting a continued Seller's Market in the Condo Markets for the following month. 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 Neighbourhood.
Fraser Valley & Chilliwack Feb 2 2018 ( 2 week update)
Current: Fraser Valley and the Chilliwack areas over all are in a Sellers Market averaging a 25.0 %SOLD rate. See each city link for the full details