Vancouver and Burnaby Real Estate Market Update June 2017

June 2017 Market Update

This is the price analysis for the month of June 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 June 2017 market update

Market Summary

  • Official Market Type DOWNTOWN:Sellers market at 64% Sales Ratio average (6.4 in 10 homes selling rate)
  • Homes are selling on average 3% above list price
  • Most Active Price Band** +/-$1 mil:$500k to $900k (>100% SalesRatio) /$2.5 mil to $2.75 m il(67% Sales Ratio)
  • Buyers Best Bet**+/-$1 mil:Homes between $400k to $500k /$3.5 mil to $4 mil, Coal Harbour and 3 bedroom properties
  • Sellers Best Bet**Selling homes in Downtown and up to 1 bedroom properties
Vancouver West June 2017 market update

Market Summary

  • Official Market Type WESTSIDE DETACHED:Balanced market at 17% Sales Ratio average (1.7 in 10 homes selling rate)
  • Homes are selling on average 1% below list price
  • Most Active Price Band**+/-$3 mil:$2 mil to $2.5 mil(63% Sales Ratio)/$3 mil to $3.5 mil(33% Sales Ratio)
  • Buyers Best Bet**+/-$3 mil:Homes between $2.75 mil to $3 mil/$4.5 mil plus, Shaughnessy, University and 7 plus bedrooms
  • Sellers Best Bet**Selling homes in Kitsilano, Oakridge, Quichena and 3 to 4 bedroom properties
Vancouver West June 2017 market update

Market Summary

  • Official Market Type WESTSIDE ATTACHED:Sellers market at 73% SalesRatio average (7.3 in 10 homes selling rate)
  • Homes are selling on average 3% above list price
  • Most Active Price Band**$400,000 to $900,000 with average >100% Sales Ratio (Sellers market)
  • Buyers Best Bet**Homes between $2.5 mil to $2.75 mil, Cambie, South Granville, University and minimum 4 bedroom properties
  • Sellers Best Bet**Selling homes in Fairview, Kitsilano, Point Grey and up to 1 bedroom properties
Vancouver east June 2017 market update

Market Summary

  • Official MarketType EASTSIDE DETACHED:Sellers market at 21% Sales Ratio average (2.1 in 10 homes selling rate)
  • Homes are selling on average at list price
  • Most Active Price Band**$1 mil to $1.25 mil with average 88% Sales Ratio (Sellers market)
  • Buyers Best Bet**Homes between $2.75 mil to $3.5 mil, Collingwood, Killarney and minimum 5 bedroom properties
  • Sellers Best Bet**Selling homes in Fraser, Hastings, Mount Pleasant and 3 to 4 bedroom properties
Vancouver east June 2017 market update

Market Summary

  • Official Market Type EASTSIDE ATTACHED:Sellers market at>100% Sales Ratio average (10 in 10 homes selling rate)
  • Homes are selling on average 6% above list price
  • Most Active Price Band**$300,000 to $700,000;$900,000 to $1.25 mil with average >100% Sales Ratio (Sellers market)
  • Buyers Best Bet**Homes between $1.25 mil to $1.5 mil, Knight, Renfrew, Victoria and 3 bedroom properties
  • Sellers Best Bet**Selling homes in all neighbourhoods except those listed above and up to 2 bedroom properties
burnaby June 2017 market update

Market Summary

  • Official Market Type BURNABY DETACHED:Sellers market at 22% Sales Ratio average (2.2 in 10 homes selling rate)
  • Homes are selling on average 3% above list price
  • Most Active Price Band**$1 mil to $1.25 mil with average >100% Sales Ratio (Sellers market)
  • Buyers Best Bet**Homes between $2.75 mil to $3.5 mil,DeerLake, EastBurnaby, Government Rd, Metrotown and 7+ bedrooms
  • Sellers Best Bet**Selling homes in Vancouver Heights, Willingdon Heights and up to 4 bedroom properties
burnaby June 2017 market update

Market Summary

  • Official Market Type BURNABY ATTACHED:Sellers market at> 100% Sales Ratio average (10 in 10 homes selling rate)
  • Homes are selling on average 3% above list price
  • Most Active Price Band**$200,000 to $700,000 and $900,000 to $1 mil with average >100% Sales Ratio (Sellers market)
  • Buyers Best Bet**Homes between $1 mil to $1.25 m il,ForestGlen and 3 bedroom properties
  • Sellers Best Bet**Brentwood Park, Cariboo, Central Park, Government Rd, Highgate, Metrotown, S.Slope and Sullivan Heights
*With a minimum inventory of 10 in most instance