The Lower Mainland Real Estate Market Reports, Forecasts and Trends

 


The lower mainland real estate market reports give you live market updates. Pick a city above to see their report!!

                         EXPAND..Interactive Link

 

 
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Vancouver Area  Nov 29, 2024  (2-week update)

Current:  Vancouver area Real Estate Market is in Stable Market with an average of 11.3 %SOLD rate.   See each city for the full details.

Forecast:

Greater Vancouver October 2024:

October's real estate report shows that 52% of detached homes in Greater Vancouver lost value this month. On average, single-family homes in Metro Vancouver saw a price drop of $1,045. With mortgage rates going down, buyers will be more active, especially in the condo and townhouse markets. We forecast that the Metro Vancouver area to remain a buyer's market until the end of the year.

In October, the average price of condos decreased by $3,925, and townhouses saw a decline of $3,155. We forecast that the condo and townhouse markets will remain a buyer's market in the coming months.

To keep up with the latest market trends, tune in every Saturday at noon on VancouverMarketReports.com. We analyze which areas in the Lower Mainland are rising or falling. For a full update on market values, forecasts, and a detailed analysis of your neighborhood, reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.

 

Fraser Valley October 2024:

October's real estate statistics show that 50% of detached homes in the Fraser Valley lost value this month. Overall, single-family homes in the Fraser Valley had an average price drop of $2,083. With mortgage rates going down, buyers will be more active, especially in the condo and townhouse markets. For now, we expect the Fraser Valley to remain a buyer's market until the end of the year.

In October, the average price of condos decreased by $1,364, and townhouses saw a decline of $940. We forecast that the condo and townhouse markets will remain a buyer's market in the coming months.

To keep up with the latest market trends, tune in every Saturday at noon on VancouverMarketReports.com. We analyze which areas in the Lower Mainland are rising or falling. For a full update on market values, forecasts, and a detailed analysis of your neighborhood, reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.

 


Fraser Valley & Chilliwack  Nov 29, 2024  (2-week update)

Current:  Fraser Valley and the Chilliwack areas are in a Stable Market averaging a 12.7 SOLD rate.  See each city link for the full details

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by Vancouver Market Reports

 

   Which Real Estate Markets are Going Up or Down Next?
You can follow the Market Money move from the West to the East every 2 weeks. Need a lesson? Call 778-374-3744  
   

Trying to do the math?   STR   Lesson  MTI  Lesson

%SOLD rates for 1 Week below

Now do compare the %SOLD rates to HIGHEST STR below!      Archive

Now do compare the %SOLD rates to last year below! 

Now do compare the %SOLD rates to the year 2022

Now do compare the %SOLD rates to the year 2021

Now do compare the %SOLD rates to the year 2020

%SOLD rates for 1 week      Archive


%SOLD rates for 2 Weeks below

Now do compare the %SOLD rates to last year below!      Archive

Now do compare the %SOLD rates to the year 2022

Now do compare the %SOLD rates to the year 2021

Now do compare the %SOLD rates to the year 2020

Now do compare the %SOLD rates to the year 2019

Now do compare the %SOLD rates to the year 2018

Now do compare the %SOLD rates to the year 2017

Now do compare the %SOLD rates to the year 2016

Now do compare the %SOLD rates to the year 2015

Now do compare the %SOLD rates to the year 2014

Now do compare the %SOLD rates to the year 2013

Now do compare the %SOLD rates to the year 2012

Now do compare the %SOLD rates to the year 2011

 
 


Trying to do the math?   STR   Lesson  MTI  Lesson  

Now do compare the %SOLD and the MTI rates to last year!

Now do compare the %SOLD and the MTI rates to year 2022!

Now do compare the %SOLD and the MTI rates to year 2021!

Now do compare the %SOLD and the MTI rates to year 2020!

Now do compare the %SOLD and the MTI rates to year 2019!

Now do compare the %SOLD and the MTI rates to year 2018!

Now do compare the %SOLD and the MTI rates to year 2017!

Now do compare the %SOLD and the MTI rates to year 2016!

Now do compare the %SOLD and the MTI rates to the year 2015

Now do compare the %SOLD and the MTI rates to the year 2014

Now do compare the %SOLD and the MTI rates to the year 2013

Now do compare the %SOLD and the MTI rates to the year 2012

Now do compare the %SOLD and the MTI rates to the year 2011

 

Archives: Dec 2011

 

Real Estate Market Conditions for the Vancouver Area

 

In the Vancouver area for the Month of Oct 2024, 17% of the Single Family Home Sold Listings reduced their List Price by an average of $105,952. This compared to Sept 2024 when 17% reduced their List Price by an average of $112,197.
(Note: the other Two Week Reports ( STR and MTI ) will be more accurate market indicators than this monthly report after the middle of each month)

 

   

Real Estate Market Conditions for the Vancouver Area

 

In the Fraser Valley-Chilliwack area, for the Month of Oct 2024, 203% of the Single Family Home Sold Listings reduced their List Price by an average of $ $61,817. This is compared to Sept 2024 when 20% reduced their List Price by an average of $59,527.
(Note: the other Two Week Reports ( STR and MTI ) will be more accurate market indicators than this monthly report after the middle of each month)

 

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The Best and Worst Investments in Greater Vancouver()


Peak-To-Date: Greater Vancouver Real Estate Markets AVERAGE Prices Changes 
Updated 2024 Nov  w8cb5a

Prices have dropped across most Cities in All Markets!

From the Peak in Mar 2022 (31 months of Sales) For Vancouver Detached Homes:

Delta is down the most at 9.1%
Whilst Burnaby declined JUST 1.6%.

From the Peak in Feb 2022 (32 months of Sales) For Fraser Valley Detached Homes:

All cities continue to show a downward trend for average price changes,

 Abbotsford had the biggest drop at   22.7% 

Chilliwack had the 2nd biggest drop at   21.8% 

Abbotsford's High 50% dropped   22.6% or -$512,565.
  and the city with the least drop was North Delta at 12.3%


(Click Image to See the difference between the High and Low Markets)



Compare the HIGH-END and LOW-END Markets

   Houses  Detached Homes                                                                                                                                                 TOP

 
Condos  Attached        High/Low Markets                                                                                                                  TOP

Townhouses  Attached        High/Low Markets                                                                                              TOP

 

Bill Coughlin
"Realtor and Lifestyle Consultant"

 

1-778-374-3744            [email protected]

eXp Realty
Independently Owned and Operated                               Key words Real Estate Investments Housing Market Trends and Forecasts for Vancouver Area

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Trying to do the math?   STR   Lesson  MTI  Lesson
How the  STR  and  MTI  rates actually work Click here

                                                                                                                                  

Bill Coughlin
"Realtor and Lifestyle Consultant"

778-374-3744 cell        1-888-539-4664 Toll free                     [email protected]

EXP Realty

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