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
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