Data sourced from SnapStats Publishing.
May 2018 Market Update
Below is the price analysis for June 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 10% Sales Ratio average (1 in 10 homes selling rate)
- Homes are selling on average 100% of list price
- Most Active Price Band”* $2 mil to $2.25 mil with average 47% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes $3.5 mil plus, Shaughnessy and minimum 7 bedroom properties
- Sellers Best Bet** Selling homes in Cambie, Kitsilano and 3 to 4 bedroom properties
Market Summary for Vancouver West: Attached
- 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** $400,000 to $500,000 with average >100% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.75 mil to $2 mil, South Granville and minimum 3 bedroom properties
- Sellers Best Bet** Selling homes in Dunbar, Fairview, Mount Pleasant and up to 1 bedroom properties
Market Summary for Vancouver East: Detached
- Balanced Market at 12% Sales Ratio average (1.2 in 10 homes selling rate)
- Homes are selling on average 3% below list price
- Most Active Price Band** $1 mil to $1.25 mil with average 78% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $2.5 mil to $3 mil, South Vancouver and minimum 5 bedroom properties
- Sellers Best Bet** Selling homes in Fraser, Main and up to 4 bedroom properties
Market Summary for Vancouver East: Attached
- Sellers Market at 41% Sales Ratio average (4.1 in 10 homes selling rate)
- Homes are selling on average 3% above list price
- Most Active Price Band** $300,000 to $400,000 with average 75% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.25 mil to $1.5 mil, Downtown, Killarney, Main and 3 bedroom properties
- Sellers Best Bet** Selling homes in Fraser. South Vancouver and up to 1 bedroom properties
*With a minimum inventory of 10 in most instances
