Data sourced from SnapStats Publishing.
August 2018 Market Update
Below is the price analysis for August 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
- Buyers Market at 8% Sales Ratio average (8 in 100 homes selling rate)
- Homes are selling on average 9% below list price
- Most Active Price Band** $1.75 mil to $2 mil with average 27% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes $4 mil plus, Kerrisdale, Shaughnessy, South Granville 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
- Sellers Market at 24% Sales Ratio average (2.4 in 10 homes selling rate)
- Homes are selling on average 2% below list price
- Most Active Price Band** $400,000 to $500,000 with average >100% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $2.75 mil to $3 mil, Quilchena and minimum 4 bedroom properties
- Sellers Best Bet** Selling homes in Kitsilano, Point Grey and up to 1 bedroom properties
Market Summary for Vancouver East: Detached
- Buyers Market at 7% Sales Ratio average (7 in 100 homes selling rate)
- Homes are selling on average 3% below list price
- Most Active Price Band” $1 mil to $1.25 mil with average 43% Sales Ratio (Sellers market)
- Buyers Best Bet* Homes between $2 mil to $2.5 mil, South Vancouver, Victoria and minimum 7 bedrooms
- Sellers Best Bet** Selling homes in Mount Pleasant and up to 2 bedroom properties
Market Summary for Vancouver East: Attached
- Sellers Market at 32% Sales Ratio average (3.2 in 10 homes selling rate)
- Homes are selling on average 2% below list price
- Most Active Price Band** $300,000 to $400,000 with average 60% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.25 mil to $1.75 mil, Fraserview, Hastings East, Killarney and minimum 4 bedrooms
- Sellers Best Bet** Selling homes in Fraser, Hastings, Mount Pleasant up to 1 bedroom properties
*With a minimum inventory of 10 in most instances
