Data sourced from SnapStats Publishing.
July 2018 Market Update
Below is the price analysis for July 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 7% Sales Ratio average (7 in 100 homes selling rate)
- Homes are selling on average 5% below list price
- Most Active Price Band** $2 mil to $2.5 mil with average 24% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes $5 mil plus, Marpole, South Granville and minimum 7 bedroom properties
- Sellers Best Bet Selling homes in Southlands, University and up to 4 bedroom properties
Market Summary for Vancouver West: Attached
- Sellers Market at 28% Sales Ratio average (2.8 in 10 homes selling rate)
- Homes are selling on average 2% below list price
- Most Active Price Band** $700,000 to $800,000 with average 61% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $2.25 mil to $2.5 mil, Dunbar, Quilchena and minimum 4 bedroom properties
- Sellers Best Bet* Selling homes in South Cambie and up to 1 bedroom properties
Market Summary for Vancouver East: Detached
- Buyers Market at 9% Sales Ratio average (9 in 100 homes selling rate)
- Homes are selling on average 4% below list price
- Most Active Price Band** $1 mil to $1.25 mil with average 28% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $2.25 mil to $3 mil, Collingwood, Grandview Victoria and minimum 7 bedroom properties
- Sellers Best Bet** Selling homes in Mount Pleasant, Renfrew Heights and up to 4 bedroom properties
Market Summary for Vancouver East: Attached
- Sellers Market at 33% Sales Ratio average (3.3 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 53% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.25 mil to $1.5 mil, Killarney, Victoria and minimum 4 bedroom properties
- Sellers Best Bet** Selling homes in Grandview, Mount Pleasant, South Vancouver and up to 1 bedroom properties
*With a minimum inventory of 10 in most instances
