Vancouver and Burnaby Real Estate Market Update September 2017

September 2017 Market Update

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

Market Summary

  • Official Market Type DOWNTOWN:Sellers market at 57% Sales Ratio average (5.7 in 10 homes selling rate)
  • Homes are selling on average 2% above list price
  • Most Active Price Band**+/-$1 mil: $400k to $700k (>100% Sales Ratio) /$1.25 mil to $1.5 mil(52% Sales Ratio)
  • Buyers Best Bet**+/-$1 mil :Homes between $800k to $900k /$2.75 to $3 mil and CoalHarbour
  • Sellers Best Bet**Selling homes in Downtown, Westend and up to 1 bedroom properties
Vancouver West September 2017 market update

Market Summary

  • Official Market Type WESTSIDE DETACHED:Buyers market at 9% SalesRatio average (9 in 100 homes selling rate)
  • Homes are selling on average 6% below list price
  • Most Active Price Band**+/-$3 mil: $2.25 mil to $2.5 mil(19% Sales Ratio)/$3 mil to $3.5 mil(17% Sales Ratio)
  • Buyers Best Bet**+/-$3 mil: Homes between $2.75 mil to $3 mil/$4.5 mil plus, SW Marine and minimum 7 bedroom properties
  • Sellers Best Bet**Selling homes in Quilchena and up to 2 bedroom properties
Vancouver West September 2017 market update

Market Summary

  • Official Market Type WESTSIDE ATTACHED: Sellers market at 53% Sales Ratio average (5.3 in 10 homes selling rate)
  • Homes are selling on average 2% above list price
  • Most Active Price Band**$400,000 to $500,000 with average >100% Sales Ratio (Sellers market)
  • Buyers Best Bet**Homes between $1.75 mil to $2 mil, Quilchena, South Cambie and minimum 3 bedroom properties
  • Sellers Best Bet**Selling homes in Fairview, Kitsilano, Mount Pleasant and up to 1 bedroom properties
Vancouver east September 2017 market update

Market Summary

  • Official Market Type EASTSIDE DETACHED:Buyers market at 13% Sales Ratio average (1.3 in 10 homes selling rate)
  • Homes are selling on average at list price
  • Most Active Price Band**$1.25 mil to $1.5 mil with average 32% Sales Ratio (Sellers market)
  • Buyers Best Bet**Homes between $2.25 mil to $2.5 mil, Collingwood and minimum 7 bedroom properties
  • Sellers Best Bet**Selling homes in Mount Pleasant, Victoria and 3 to 6 bedroom properties
Vancouver east September 2017 market update

Market Summary

  • Official Market Type EASTSIDE ATTACHED: Sellers market at 72% Sales Ratio average (7.2 in 10 homes selling rate)
  • Homes are selling on average 5% above list price
  • Most Active Price Band**$600,000 to $700,000 with average >100% Sales Ratio (Sellers market)
  • Buyers Best Bet**Homes between $1.25 mil to $1.5 mil,Victoria and minimum 4 bedroom properties
  • Sellers Best Bet**Selling homes in Collingwood, Fraser, Grandview, Hastings and up to 1 bedroom properties
burnaby September 2017 market update

Market Summary

  • Official Market Type BURNABY DETACHED:Buyers market at 11% Sales Ratio average (1.1 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 50% Sales Ratio (Sellers market)
  • Buyers Best Bet**Homes between $2.75 mil to $3 mil, BurnabyLake, Garden Village and minimum 7 bedroom properties
  • Sellers Best Bet**Selling homes in DeerLake Place, Vancouver Heights and up to 2 bedroom properties
burnaby September 2017 market update

Market Summary

  • Official Market Type BURNABY ATTACHED:Sellers market at 64% Sales Ratio average (6.4 in 10 homes selling rate)
  • Homes are selling on average 1% above list price
  • Most Active Price Band**$300,000 to $400,000 with average 88% Sales Ratio (Sellers market
  • Buyers Best Bet**Homes between $1.25 mil to $1.5 mil, ForestGlen and minimum 4 bedroom properties
  • Sellers Best Bet**Selling homes in Cariboo, Metrotown, South Slope and up to 1 bedroom properties
*With a minimum inventory of 10 in most instance