Vancouver and Burnaby Real Estate Market Update August 2017

August 2017 Market Update

This is the price analysis for the month of August 2017 in Vancouver and Burnaby. It includes detailed information on detached homes, attached condos and townhomes. Take a look at the current market trends!

Downtown Vancouver August 2017 market update

Market Summary

  • Official Market Type DOWNTOWN: Sellers market at 66% Sales Ratio average (2 in 3 homes selling rate)
  • Homes are selling on average 2% above list price
  • Most Active Price Band**+/-$1 mil:$700k to $800k (>100% SalesRatio) /$1.5 mil to $1.75 mil(54% Sales Ratio)
  • Buyers Best Bet**+/-$1 mil: Homes between $900k to $1 mil/$2.25 to $2.5 mil, $3.5 to $4 mil, $5 mil plus and CoalHarbour
  • Sellers Best Bet**Selling homes in Downtown and up to 1 bedroom properties
Vancouver West August 2017 market update

Market Summary

  • Official Market Type WESTSIDE DETACHED:Buyers market at 7% Sales Ratio average (7 in 100 homes selling rate)
  • Homes are selling on average 5% below list price
  • Most Active Price Band**+/-$3 mil:$2.25 mil to $2.5 mil(22% Sales Ratio)/$4 mil to $4.5 mil(13% Sales Ratio)
  • Buyers Best Bet**+/-$3 mil: Homes between $2.75 mil to $3 mil/$4.5 mil plus, Marpole, SW Marine, Shaughnessy & S.Granville
  • Sellers Best Bet**Selling homes in South Cambie and 3 to 6 bedroom properties
Vancouver West August 2017 market update

Market Summary

  • Official Market Type WESTSIDE ATTACHED: Sellers market at 49% Sales Ratio average (4.9 in 10 homes selling rate)
  • Homes are selling on average at list price
  • Most Active Price Band** $400,000 to $500,000 with average >100% Sales Ratio (Sellers market)
  • Buyers Best Bet**Homes between $2.25 mil to $2.5 mil, Oakridge, SW Marine, South Cambie and minimum 3 bedroom properties
  • Sellers Best Bet**Selling homes in Fairview, Kitsilano, Quilchena and up to 2 bedroom properties
Vancouver east August 2017 market update

Market Summary

  • Official Market Type EASTSIDE DETACHED: Balanced market at 16% SalesRatio average (1.6 in 10 homes selling rate)
  • Homes are selling on average 2% below list price
  • Most Active Price Band**$1.25 mil to $1.5 mil with average 51% Sales Ratio (Sellers market)
  • Buyers Best Bet**Homes between $2.25 mil to $2.5 mil, South Vancouver and minimum 7 bedroom properties
  • Sellers Best Bet**Selling homes in Fraser, Fraserview, Killarney, Victoria and 3 to 6 bedroom properties
Vancouver east August 2017 market update

Market Summary

  • Official Market Type EASTSIDE ATTACHED: Sellers market at 84% Sales Ratio average (8.4 in 10 homes selling rate)
  • Homes are selling on average 3% above list price
  • Most Active Price Band**$300,000 to $400,000 with average >100% Sales Ratio (Sellers market)
  • Buyers Best Bet**Homes between $1 mil to $1.25 mil, Killarney, Knight, Victoria and 3 bedroom properties
  • Sellers Best Bet**Selling homes in Downtown, Fraser, Fraserview, Grandview, Mt Pleasant and up to 1 bedroom properties
burnaby August 2017 market update

Market Summary

  • Official Market Type BURNABY DETACHED:Buyers market at 13% Sales Ratio average (1.3 in 10 homes selling rate)
  • Homes are selling on average 1% below list price
  • Most Active Price Band**$1 mil to $1.25 mil with average >100% Sales Ratio (Sellers market)
  • Buyers Best Bet**Homes between $3 mil to $3.5 mil, Willingdon Heights and minimum 7 bedroom properties
  • Sellers Best Bet**Selling homes in Government Road and up to 4 bedroom properties
burnaby August 2017 market update

Market Summary

  • Official Market Type BURNABY ATTACHED:Sellers market at 83% Sales Ratio average (8.3 in 10 homes selling rate)
  • Homes are selling on average 1% above list price
  • Most Active Price Band**$500,000 to $600,000 with average >100% Sales Ratio (Sellers market)
  • Buyers Best Bet**Homes between $900,000 to $1.25 mil,Central Park, ForestGlen, SFU,South Slope and 3 bedroom properties
  • Sellers Best Bet**Selling homes in Brentwood Park, Central, Government Road,Sullivan Heights and up to 1 bedroom properties
*With a minimum inventory of 10 in most instance