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The Lower Mainland Real Estate Market Reports, Forecasts and Trends

Index Abbotsford Burnaby Chilliwack Coquitlam N. Delta Delta Ladner Langley N. Langley Maple Ridge Mission New West Port Coquitlam Port Moody Richmond Surrey West Surrey East South Surrey White Rock 温哥华房地产投资

Vancouver Westside Downtown-West End East Vancouver West Van North Van

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

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Vancouver Area June 2, 2023 (2-week update)

Current: Vancouver area Real Estate Market is in Seller's Market with an average of 22.5 %SOLD rate. See each city for the full details.

Forecast:

Greater Vancouver May 2023:

Here we go again, the Greater Vancouver Single-Family Homes continues to be a Strong Seller's Market as 81% of Detached Market increased home prices. May's Average Price increased by $31,371. This is the 3rd highest price increase since the peak last year and the 4th highest May in the last 38 years. Last year's buyers that waited for the bottom, have stepped back into the market and they are soon to be exhausted. We forecast a continued Seller's market for the next 6 weeks before stabilizing.

Currently, the Condo and Townhouse Markets continue to be in a Seller's Market, with average price increases of $6,567 and $20,440, respectively. Every Saturday at noon, we analyze 97 different City's House Price Indices and present the MOST ACCURATE Market Trends to you. Please get in touch with us if you'd like a market value update that includes a thorough analysis and forecast for your neighborhood and local market area. - Your Neighborhood.

Fraser Valley May 2023:

Here we go again, the Fraser Valley's Real Estate is in a hot Selling Market with ALL Detached Markets increasing their home prices. Single Family Homes Average Price increased by $43,333 in May. This is the 2nd highest price increase since the peak last year and the 3rd highest May in the last 38 years. Last year's buyers that waited for the bottom, have stepped back into the market and they are soon to be exhausted. We forecast a continued Seller's market for the next 6 weeks before stabilizing.

Currently, the Condo and Townhouse Markets continue to be in a Seller's Market, with average price increases of $5,284 and $21,310, respectively. Every Saturday at noon, we analyze 97 different City's House Price Indices and present the MOST ACCURATE Market Trends to you. Please get in touch with us if you'd like a market value update that includes a thorough analysis and forecast for your neighborhood and local market area. - Your Neighborhood.

Fraser Valley & Chilliwack June 2, 2023 (2-week update)

Current: Fraser Valley and the Chilliwack areas are in a Seller's Market averaging a 25.5 %SOLD rate. See each city link for the full details

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 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 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

Vancouver Westside Downtown-West End East Vancouver West Van North Van

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 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 May 2023, 9% of the Single Family Home Sold Listings reduced their List Price by an average of $137,524. This compared to Apr 2023 when 10% reduced their List Price by an average of $134,897.
(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 Fraser Valley and Chilliwack Area

In the Fraser Valley-Chilliwack area, for the Month of May 2023, 12% of the Single Family Home Sold Listings reduced their List Price by an average of $70,433. This is compared to Apr 2023 when 13% reduced their List Price by an average of $62,770.

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The Best and Worst Investments in Greater Vancouver()

Peak-To-Date: Greater Vancouver Real Estate Markets AVERAGE Prices Changes
Updated 2023 May 5 w8cb5a

Prices have dropped across most Cities in All Markets!

From the Peak in Mar 2022 (14 months of Sales) For Vancouver Detached Homes:

White Rock S. Surrey is down the most at 11.3%,
Whilst Burnaby declined JUST 4.6%.

From the Peak in Feb 2022 (15 months of Sales) For Fraser Valley Detached Homes:

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

Chilliwack had the biggest drop at 26.6%

Abbotsford had the 2nd biggest drop at 24.6%

Abbotsford's High 50% dropped 25.5% or -$583,834.
and the city with the least drop was North Delta at 13.8%.

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

Compare the HIGH-END and LOW-END Markets