Vancouver Area   Apr 5, 2024  (2-week update)

Current:  Vancouver area Real Estate Market is in Seller's Market with an average of 15.1 %SOLD rate.   See each city for the full details.

Forecast: 

The average monthly cost for single-family detached homes has risen by $18,256, marking a slight decrease from February's average price of $20,376. Despite the difficulties caused by higher borrowing costs, rising prices, and the limited availability of listings, we predict that the real estate market will favor sellers for the next six weeks.

In Vancouver's condo market, 67% of condos have experienced an average price decrease of $8,951. Conversely, the average price of townhouses has climbed to $10,973, we are forcasting a continued Sellers Market.

For the most accurate and up-to-date market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, please don't hesitate to contact Bill Coughlin and the Coughlin Team at 778-374-3744.

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Fraser Valley & Chilliwack  Apr 5, 2024  (2-week update)

Current:  Fraser Valley and the Chilliwack areas in Stable Market averaging a 17.0 %SOLD rate.  See each city link for the full details

Forecast:  

The average monthly cost for single-family detached homes has risen by $13,015, marking a slight decrease from February's average price of $19,686. Despite the difficulties caused by higher borrowing costs, rising prices, and the limited availability of listings, we predict that the real estate market will favor sellers for the next six weeks.

In Fraser Valley's condo market, 75% of condos have experienced an average price decrease of $3,434. Conversely, the townhouse market's average price has climbed to $9,716, we are forcasting a continued Sellers Market.

For the latest and most accurate market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the performance of winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, feel free to reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.

In the Vancouver area for the Month of January 2024, 15% of the Single Family Home Sold Listings reduced their List Price by an average of $113,963. This compared to December 2023 when 18% reduced their List Price by an average of $124,585.
(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)

In the Fraser Valley-Chilliwack area, for the Month of January 2024, 26% of the Single Family Home Sold Listings reduced their List Price by an average of $55,556. This is compared to December 2023 when 35% reduced their List Price by an average of $57,529.

Trying to do the math? Lessons:  STR   MTI 

How the  STR  and  MTI  rates actually work Click here

1-778-374-3744            Bill@coughlinteam.com

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

Index

• Vancouver Westside
• Downtown-Westend
• Yaletown-Coal Harbor
• Richmond
• East Van
• West Van
• North Van
• Burnaby
• North Burnaby
• New Westminster
• Ladner-Delta
• Coquitlam
• Port Coquitlam
• Port Moody
• Maple Ridge
• White Rock -South Surrey
• North Delta
• West Surrey
• East Surrey
• Langley
• North Langley
• Abbotsford
• Mission
• Chilliwack