Vancouver Real Estate Market Update Apr 2018

Data sourced from SnapStats Publishing.

April 2018 Market Update

Below is the price analysis for April 2018 in Vancouver West and Vancouver East. It includes information on detached homes, attached condos and townhomes. See what are the current market trends!

Market Summary for Vancouver West: Detached

 April 2018 market update
  • Buyers market at 9% Sales Ratio average (9 in 100 homes selling rate)
  • Homes are selling on average 5% below list price
  • Most Active Price Band” +/-$3 mil: $1.75 mil to $2 mil (42% Sales Ratio) $3 mil to $4 mil (12% Sales Ratio)
  • Buyers Best Bet* +-$3 mil: Homes between $2.75 mil to $3 mil $5 mil plus, Marpole, Shaughnessy and minimum 5 bedrooms
  • Sellers Best Bet* Selling homes in SW Marine and up to 2 bedroom properties
 

Market Summary for Vancouver West: Attached

April 2018 market update
  • Sellers market at 38% Sales Ratio average (3.8 in 10 homes selling rate)
  • Homes are selling on average at list price
  • Most Active Price Band* $600,000 to $700,000 with average 81% Sales Ratio (Sellers market speed)
  • Buyers Best Bet** Homes between $2.25 mil to $2.5 mil, Cambie, Oakridge, South Granville and 3 bedroom properties
  • Sellers Best Bet* Selling homes in Kitsilano, SW Marine and up to 1 bedroom properties
 

Market Summary for Vancouver East: Detached

 April 2018 market update
  • Balanced market at 13% Sales Ratio average (1.3 in 10 homes selling rate)
  • Homes are selling on average 2% below list price
  • Most Active Price Band** $1 mil to $1,25 mil with average 47% Sales Ratio (Sellers market speed)
  • Buyers Best Bet** Homes between $2.75 mil to $3, Collingwood and up to 2 bedroom properties
  • Sellers Best Bet* Selling homes in Mount Pleasant and minimum 7 bedroom properties
 

Market Summary for Vancouver East: Attached

April 2018 market update
  • Sellers market at 53% Sales Ratio average (5.3 in 10 homes selling rate)
  • Homes are selling on average 1% below list price
  • Most Active Price Band” $400,000 to $500,000 with average 91% Sales Ratio (Sellers market speed)
  • Buyers Best Bet” Homes between $900,000 to $1 mil, Fraser, Killarney and 2 to 3 bedroom properties
  • Sellers Best Bet** Selling homes in Main, Victoria and up to 1 bedroom properties
*With a minimum inventory of 10 in most instances