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Current: New West & E. Burnaby's Residential Detached housing is in a Buyer Market with 12 %SOLD rate.
(meaning 12 homes out of 100 sold last month with an average $54,500 decrease from the original list price)
Most Active Range: Homes below $1.3 mill. have 36.0 rate.
Least Active Range: Homes above $2.5 mill. have 3.9 %SOLD rate.
History: The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Upper 50%) shows that prices increased $30,082.
The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $2,718.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: New Westminster- East Burnaby has an average Listing Supply; 186 homes are for sale and with the 12 %SOLD Monthly Rate giving us a ~8 Months of Inventory. We project New Westminster- East Burnaby Detached to be a Buyer's Market. 5% of the Active Listings have Reduced their Price by $78,875 on Average and $75,000 on Median for the last month.
Greater Vancouver June 2025:
June Brings a Spark of Life to a Very Slow Market!
In June, 86% of single-family homes lost value, with prices dropping by an average of $17,208. This continues the downward trend from May, when prices fell by $12,814.
Homeowners and market watchers are closely looking for signs of a new trade deal. For now, with lots of homes for sale and many buyers and sellers waiting for clearer news, Metro Vancouver remains a buyer’s market.
83% of condos also dropped in value, with an average price loss of $9,900. Townhomes saw a small price increase, but it slowed down—from $5,211 in May to $2,862 in June. With trade talks still ongoing and tariffs in the news, we think condo and townhouse prices may stay flat or even fall more.
In short—this is a good time for buyers. Sellers need a smart strategy if they want to get the best price.
Want to know which markets are heating up—or cooling down? Check VancouverMarketReports.com every Saturday at noon to see the weekly changes. 📞 Need expert advice or a free Home Market Analysis? Call Bill Coughlin and the Coughlin Team at 778-374-3744. Let’s help you make the right move.
Fraser Valley June2025:
June Brings a Spark of Life to a Very Slow Fraser Valley Market!
In June, 89% of single-family homes went down in value, with prices falling by an average of $4,025. This is a small improvement compared to May, when prices dropped by $9,783.
Homeowners and market watchers are keeping an eye out for news about a new trade deal. Since there are still lots of homes for sale and both buyers and sellers are waiting for updates, Fraser Valley is still a buyer’s market.
About 75% of condos also lost value, with prices dropping by an average of $5,503. Townhome prices went up a little, but the increase was smaller—from $9,194 in May to $4,819 in June. Because of ongoing trade talks and tariffs, we believe condo and townhouse prices might stay the same or drop even more.
Bottom line—it’s a good time for buyers to make a move. Sellers need a smart plan to get the best deal.
Want to know which markets are heating up—or cooling down? Check VancouverMarketReports.com every Saturday at noon to see the weekly changes. 📞 Need expert advice or a free Home Market Analysis? Call Bill Coughlin and the Coughlin Team at 778-374-3744. Let’s help you make the right move.
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