Data sourced from SnapStats Publishing.
October 2018 Market Update
Below is the price analysis for Oct 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 9% Sales Ratio average (9 in 100 homes selling rate)
- Homes are selling on average 8% below list price
- Most Active Price Band** $2 mil to $2.25 mil with average 20% Sales Ratio (Balanced market)
- Buyers Best Bet** Homes $4 mil to $4.5 mil, Marpole and minimum 7 bedroom properties
- Sellers Best Bet** Selling homes in Quilchena and 3 to 4 bedroom properties
Market Summary for Vancouver West: Attached
- Sellers Market at 22% Sales Ratio average (2.2 in 10 hom es selling rate)
- Homes are selling on average 4% below list price
- Most Active Price Band** $400,000 to $500,000 with average 50% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.75 mil to $2 mil, Point Grey, Shaughnessy, South Cambie and minimum and 3 bedroom properties
- Sellers Best Bet** Selling homes in Fairview, Kitilano Quilchena and up to 1 bedroom properties
Market Summary for Vancouver East: Detached
- Buyers Market at 11% Sales Ratio average (1.1 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 41% Sales Ratio (Sellers market)
- Buyers Best Bet* Homes between $2.25 mil to $3 mil, Collingwood, Hastings East and minimum 7 bedroom properties
- Sellers Best Bet** Selling homes in Mount Pleasant, Victoria and up to 2 bedroom properties
Market Summary for Vancouver East: Attached
- Sellers Market at 29% Sales Ratio average (2.9 in 10 homes selling rate)
- Homes are selling on average 3% below list price
- Most Active Price Band** $300,000 to $400,000 with average 38% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.25 mil to $1.5 mil, Renfrew and minimum 4 bedroom properties
- Sellers Best Bet** Selling homes in Fraser, Grandview, Knight, Main and 2 bedroom properties
*With a minimum inventory of 10 in most instances
