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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 Sept 6, 2024 (2-week update)

Current: Vancouver area Real Estate Market is in Buyer's Market with an average of 6.8 %SOLD rate. See each city for the full details.

Forecast:

Greater Vancouver August 2024:

The Greater Vancouver's single-family detached home markets are in a strong buyer's market. 83% of the homes are decreasing, resulting in an average $10,723 price drop in August. This is still better than the average decline of $13,353 observed last month. Home sales failed to pick up as house prices are still under pressure from home buyers' lack of affordability, even after the 3/4% interest cuts so far this year. We forecast that the Metro Vancouver area will remain in a buyer's market for the next couple of months.

Townhouse and condo average prices dropped last month by $3,124 and $1,742, respectively. We predict that the condo and townhouse markets in Vancouver will stay in a buyers' market during the next few months.

For the latest market trends, join us every Saturday at noon on VancouverMarketReports.com. We forecast which areas in the Lower Mainland are going up or going down. For a complete update on market values, forecasts, and a detailed analysis of your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

Fraser Valley August 2024:

The Fraser Valley's single-family detached homes are in a strong buyer's market. 83% of the homes are decreasing, resulting in an average price drop of $16,574 in August. This is lower than the $8,707 decline the month before. Home sales failed to pick up as house prices are still under pressure from home buyers' lack of affordability, even after the 3/4% interest cuts so far this year. We forecast that the Fraser Valley area will stay in a buyers' market during the next few months.

Townhouse and condo average prices dropped last month by $2,644 and $6,225, respectively. We predict that the condo and townhouse markets in Vancouver will also stay in a buyers' market during the next few months.

For the latest market trends, join us every Saturday at noon on VancouverMarketReports.com. We discuss which areas in the Lower Mainland are going up or going down. For a complete update on market values, forecasts, and a detailed analysis of your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

Fraser Valley & Chilliwack Sept 6, 2024 (2-week update)

Current: Fraser Valley and the Chilliwack areas are in a Buyer's Market averaging a 8.9 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 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

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 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 July 2024, 17% of the Single Family Home Sold Listings reduced their List Price by an average of $112,197. This compared to June 2024 when 14% reduced their List Price by an average of $128,122.
(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 July 2024, 203% of the Single Family Home Sold Listings reduced their List Price by an average of $59,527.. This is compared to June 2024 when 20% reduced their List Price by an average of $51,562.

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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 July w8cb5a

Prices have dropped across most Cities in All Markets!

From the Peak in Mar 2022 (28 months of Sales) For Vancouver Detached Homes:

Delta is down the most at 9.1%,
Whilst New Westminster declined JUST 1.7%.

From the Peak in Feb 2022 (27 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 19.3%

Mission had the 2nd biggest drop at 19.3%

Chilliwack's High 50% dropped 22.4% or -$385,224.
and the city with the least drop was North Langley at 9.5%.

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

Compare the HIGH-END and LOW-END Markets