East Surrey Housing Market Forecasts and Trends

 


  East Surrey Real Estate Market Reports and Forecasts 

East Surrey Market Update Report

Fraser Heights, Fleetwood Tynehead, Panorama Ridge, Sullivan Station, Guildford and all the sub-areas of East Surrey Real Estate Market Update Report.

      What are East Surrey's Best and Worst Investments?

Feb 1, 2020

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Current:  East Surrey is in a Seller Market with 19 %SOLD rate, 25 DOM and 98% Sell/List Ratio.
                      (This means that there is an average (m) of a $24,450 discount from the original list price)

Most Active Range: Homes between $850,000 - $1,000,000 have 38.2 % SOLD rate.
Least Active Range: Homes above $1.55 mill. have 4.1 %SOLD rate.

History: The Surrey East Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $29,205.
               The Surrey East Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $14,256.
                        *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: East Surrey has an average Listing Supply; 274 homes are for sale and with the 19 %SOLD  monthly rate gives us -5 months of inventory. 5% of the active listings have reduced their price by $31,538 on average or $30,000 on median in the last month. We project East Surrey to be a continued Seller market.

February's Real Estate Statistics shows a Normal Spring Market! Single Family Homes in Metro Vancouver experienced an Average Monthly Price increase of $2,749 a real improvement from the $3,176 price decrease the month prior. Finally, we have ended 32 consecutive months of dropping home prices. On the other hand, Single Family Homes in the Fraser Valley Market had a $4,302 monthly price increase, this is our most substantive recovery since the Peak in April 2018 with 94% of Detached Markets increased values. The Coronavirus issue now moves us into uncharted territory. The pent-up buyer demand is still there! Over the next few months, we are forecasting modest seasonal price increases in most Vancouver Detached Home Markets.

Currently, the Condo Market presents Seller Market conditions with 83% of the Greater Vancouver (Lower Mainland) Condo Prices increasing $1,428 on average. At the same time, 68% of the Townhouse Markets increased $831 on average (19 out of 28 Markets). We are forecasting increasing Condo and Townhouse Markets in the coming months. 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.


   Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

 

   We invite you to analyze your home value/investment in 30+ market areas by inputting your previous purchase price and date in the Evaluator below! See "Evaluator / Forecaster" movie for directions. To see your homes monthly price changes from now on, just email your report to yourself. (3 bars link to email function)

 

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   Surrey East's Home Evaluator / ROI / Forecaster
Single Family Detached High End .. more than $1,200,000     

  Is your home value going up or down today and tomorrow?
  You can find out now with our live  Evaluator / Forecaster   


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We thank Bill Coughlin for his support of these East Surrey Real Estate Market Updates which include sub-areas such as Panorama Ridge, Fraser Heights, Fleetwood Tynehead, Sullivan Station, Guildford etc. Contact Bill as the Local Expert..... more details.

Sullivan Station, Guildford, Panorama Ridge, Fraser Heights, Fleetwood Tynehead and all the sub-areas of East Surrey Real Estate Market Update Report.

Sullivan Station, Guildford, Panorama Ridge, Fraser Heights, Fleetwood Tynehead and all the sub-areas of East Surrey Real Estate Market Update Report.

Sullivan Station, Guildford, Panorama Ridge, Fraser Heights, Fleetwood Tynehead and all the sub-areas of East Surrey Real Estate Market Update Report.

Sullivan Station, Guildford, Panorama Ridge, Fraser Heights, Fleetwood Tynehead and all the sub-areas of East Surrey Real Estate Market Update Report.

Download the full East.Surrey.Marketupdatereport.PDF

The sub areas of East Surrey are Panorama Ridge, Fraser Heights, Fleetwood Tynehead, Sullivan Station, Guildford etc

The sub areas of East Surrey are Panorama Ridge, Fraser Heights, Fleetwood Tynehead, Sullivan Station, Guildford etc

The sub areas of East Surrey are Panorama Ridge, Fraser Heights, Fleetwood Tynehead, Sullivan Station, Guildford etc

The sub areas of East Surrey are Panorama Ridge, Fraser Heights, Fleetwood Tynehead, Sullivan Station, Guildford etc

Sullivan Station, Guildford, Panorama Ridge, Fraser Heights, Fleetwood Tynehead and all the sub-areas of East Surrey Real Estate Market Update Report.

This East Surrey Real Estate Market update includes the sub areas Sullivan Station, Guildford, Panorama Ridge, Fraser Heights, Fleetwood Tynehead etc.

Click Image to compare previous STR/ MTI graphs            Trying to do the math? Lessons:  STR   MTI 

Ladner, South Delta, Real Estate Market Update Report

 

Real Estate Market Analysis Reports     W. Surrey, E. Surrey, N. Delta 

This is the most accurate  %SOLD-Monthly Sell Through Rates (STR Graph)  using a 4 week time period to analysis the housing prices and Market trends. This Market Report is derived from the exact Sat to Friday 4 week time periods and this is dramatically more accurate than the month to month comparisons that vary based on actual working days eg month, weekends. These trends enable Real Estate Market predictions and forecast outlooks.

North Delta, Surrey Real Estate Market Update Report.

 

Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

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Bill Coughlin
EXP Realty

For Real Estate in Abbotsford, Mission, Langley, Surrey and Chilliwack

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