|
Current: Mission is a Stable Market with Average Listing inventories, a 10 %SOLD Rate and Sell Price/List Price = 97%
(Meaning there is an Average of a $29,000 decrease from the original list price on sale.)
Most Active Range: Homes between $400,000 - $850,000 21.4 %SOLD Rate
Least Active Range: Homes above $2.0 mill. have 3.4 %SOLD Rate.
History: The Mission Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $83,788.
The Mission Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $16,525.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Mission has average Listing supply; 420 homes are for sale and with the 10 %SOLD Monthly Rate gives us a ~10 months of inventory. Another indicator: 17% of the Active Listings have Reduced their Price by $74,355 on Average and $44,550 on Median for the last month. We project Mission Detached to be a Stable market.
Greater Vancouver July 2025:
In July, 62% of single-family homes dropped in value, with an average price dip of $10,078. Still, that’s an improvement from June, when prices fell even harder—by $17,208. With plenty of homes for sale and many buyers and sellers waiting for clearer trade news, Metro Vancouver is still a buyer’s market.
Condos had an even tougher month, with 78% losing value and an average price drop of $2,755. Townhomes values stayed the same at $12,434loss in July. With trade talks and tariffs still making headlines, condo and townhouse prices may stay flat or even fall further.
The good news? Right now is a strong time for buyers. Sellers, though, need a smart game plan to get top value.
Curious which markets are heating up—or cooling down? Visit VancouverMarketReports.com every Saturday at noon for fresh updates. 📞 Want expert advice or a free Home Market Analysis? Call Bill Coughlin and the Coughlin Team at 778-374-3744—we’ll help you make the right move.
Fraser Valley July 2025:
In July, 89% of single-family homes lost value, dropping prices by an average of $17,997. That’s a bigger decline compared to June, when prices fell by $4,025. With many homes still for sale and both buyers and sellers are waiting for clearer trade news, the Fraser Valley remains a buyer’s market.
Condos also struggled—83% dropped in value, with an average loss of $4,892. Townhomes saw an even steeper decline, shifting from a $4,819 drop in June to a $10,640 loss in July. With trade talks and tariffs still in the spotlight, condo and townhouse prices may stay flat or even fall further. Bottom line: Buyers continue to hold the advantage, while sellers need a solid strategy to succeed.
The takeaway? This is a great time for buyers to step in. Sellers, however, need a sharp strategy to secure the best deal.
Curious which areas are heating up—or cooling down? Visit VancouverMarketReports.com every Saturday at noon for the latest updates. 📞 Want expert advice or a free Home Market Analysis? Call Bill Coughlin and the Coughlin Team at 778-374-3744—we’ll help you make the right move.
|
