Vancouver Real Estate Market Update May 2018

Data sourced from SnapStats Publishing.

May 2018 Market Update

Below is the price analysis for May 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

 May 2018 market update
  • Buyers Market at 11% Sales Ratio average (1.1 in 10 homes selling rate)
  • Homes are selling on average 6% below list price
  • Most Active Price Band** $1.5 mil to $1.75 mil with average 67% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $4.5 mil to $5 mil, Kerrisdale, South Granville, Southlands and up to 2 bedroom properties
  • Sellers Best Bet** Selling homes in Kitsilano and 3 to 4 bedroom properties
 

Market Summary for Vancouver West: Attached

May 2018 market update
  • Sellers Market at 32% Sales Ratio average (3.2 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 $1.75 mil to $2 mil, Point Grey, Quilchena, SW Marine and minimum 4 bedroom properties
  • Sellers Best Bet** Selling homes in Kitsilano and up to 1 bedroom properties
 

Market Summary for Vancouver East: Detached

May 2018 market update
  • Balanced Market at 18% Sales Ratio average (1.8 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 59% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $3 mil to $3.5 mil, Collingwood and minimum 7 bedroom properties
  • Sellers Best Bet** Selling homes in Mount Pleasant and 3 to 4 bedroom properties
 

Market Summary for Vancouver East: Attached

May 2018 market update
  • Sellers Market at 51% Sales Ratio average (5.1 in 10 homes selling rate)
  • Homes are selling on average 100% of list price
  • Most Active Price Band** $700,000 to $800,000 with average 77% Sales Ratio (Sellers market)
  • Buyers Best Bet* Homes between $1 mil to $1.5 mil, Main and 3 bedroom properties
  • Sellers Best Bet** Selling homes in Killarney and up to 1 bedroom properties
*With a minimum inventory of 10 in most instances