Current:  New West & E. Burnaby's Residential Detached housing is in a Seller Market with 22 %SOLD rate.
                      (meaning 25 homes out of 100 sold  last month with an average $9,900 Discount from the original list price)

Most Active Range: Homes between $950,000 - $1.1 mill. have a High 33.3 %SOLD rate.
Least Active Range: Homes below $950,000 have a 0.0 %SOLD rate.

History: The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Upper 50%) shows that prices decreased $202,496.
               The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $247,938.
                        *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; 87 homes are for sale and with the 22 %SOLD Monthly Rate giving us a ~5 Months of Inventory.  Another indicator: 3% of the Active Listings have Reduced their Price by $138,667 on Average and $90,000 on Median in the last month. We project New Westminster- East Burnaby Detached to be a Seller Market.

The Real Estate bubble burst is over! The Vancouver Market just rebounded from the $17,304 drop in July to a $9,115 INCREASE in August. That is a 77% of Single-Family Home Markets just went up! Why did this turn around? Although the number of sales is normal, we now have the lowest listing inventory since 2011. This lack of listings is partially due to the covid infections/lockdowns resulting in many sellers putting plans on hold. Here in the Fraser Valley 89% of the home market increasing by an average of $29,258. This is the largest August price increase we've seen in the last 11years. This Strong Sellers’ market  is a combination of high buyer demand and one of the lowest listing inventories since 2011. We are forecasting that the majority of the Metro Vancouver and Fraser Valley Markets will continue to be a Seller's Market in the coming months.

Currently, Condos are now in a Seller's Market with 63% of the Greater Vancouver (Lower Mainland) Condo Prices increasing $3,264 on average. On the other hand, 68% Townhouse Markets (16 out of 28) prices increased $5,149 on average. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. 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.

Since 1984 RE/MAX Agents have had an edge; their monthly RE/MAX Market Reports .. It has being my privilege to expand these reports into critical marketing tools. Thank You!  Bill Coughlin

My passion to help..... I seriously dream of new marketing tools to enable you make more money! 

OK the Advanced Market Reports are tooo complicated at first glance. These reports are now split  into

• the Quick Reports for easy review
• the Advanced reports that really needs a Stats Boot Camp lesson to fully comprehend
• Forecasting for the Stats addicts like me.

Announcing the Instant Home Price Evaluator.  In the year 2012, 82% of listings from Burnaby to Chilliwack DID NOT SELL,  or were Discounted on sale an Amazing 7.8%* from the original list price!  Help to price it right has arrived! 18 % homes were listed at a salable price and sold within 3.7%* .

Our Instant Home Price Evaluator  on the right side takes just seconds and has an accuracy before adjustment of ~3.7%* of the resulting sale price 31% of the time.   * (on average)    
do call us for your custom reports and Stats Lessons  Bill Coughlin 778-374-3744

Spring 2014 Market News

 STOP  61% of 's listings from EXPIRING!