Vancouver Real Estate Market Update March 2018

March 2018 Market Update

Below is the price analysis for March 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

 March 2018 market update
  • Buyers market at 7% Sales Ratio average (7 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 (23% Sales Ratio) $3 mil to $3.5 mil (14% Sales Ratio)
  • Buyers Best Bet** +/-$3 mil: Homes between $2 mil to $2.25 mil $5 mil plus, Shaughnessy and Southlands
  • Sellers Best Bet** Selling homes in Kitsilano

Market Summary for Vancouver West: Attached

March 2018 market update
  • Sellers market at 48% Sales Ratio average (4.8 in 10 homes selling rate)
  • Homes are selling on average 1% above list price
  • Most Active Price Band”* $500,000 to $800,000 with average >100% Sales Ratio (Sellers market speed)
  • Buyers Best Bet** Homes between $1.75 mil to $2 mil, Marpole, Shaughnessy and minimum 4 bedroom properties
  • Sellers Best Bet* Selling homes in Point Grey and up to 1 bedroom properties

Market Summary for Vancouver East: Detached

 March 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 44% Sales Ratio (Sellers market speed)
  • Buyers Best Bet** Homes between $2.25 mil to $2.5, Hastings East and up to 2 bedroom properties
  • Sellers Best Bet** Selling homes in Mount Pleasant and 3 to 4 bedroom properties

Market Summary for Vancouver East: Attached

March 2018 market update
  • Sellers market at 75% Sales Ratio average (3 in 4 homes selling rate)
  • Homes are selling on average at list price
  • Most Active Price Band** $500,000 to $600,000 with average >100% Sales Ratio (Sellers market speed)
  • Buyers Best Bet** Homes between $1 mil to $1.25 mill, Champlain Heights, Hastings, Killarney, Victoria and 3 bedroom properties
  • Sellers Best Bet** Selling homes in Downtown, Fraser, Fraserview, Grandview and up to 1 bedroom properties
*With a minimum inventory of 10 in most instances