April 2018 | Vancouver Real Estate Stats Summary

Every month Jamie gives us a video breakdown on what is happening in the Vancouver Real Estate Market. This month Jamie walks us through the Downtown, Vancouver Westside, Eastside, Ladner Areas and  more.

Everything you need to know about the Vancouver Real Estate Market

Vancouver Real Estate Statistics

Vancouver Downtown

  • Market Type Indicator DOWNTOWN: Sellers Market at 36% Sales Ratio average (3.6 in 10 Homes selling rate)
  • Homes are selling on average 1% below list price
  • Most Active Price Band** +/- $1 mil: $500,000 to $600,000 (95% Sales Ratio) / $1 mil to $1.25 mil (56% Sales Ratio)
  • Buyers Best Bet** +/- $1 mil: Homes between $700,000 to $800,000 / $3.5 to $4 mil, $5 mil plus and Yaletown
  • Sellers Best Bet** Selling Homes in Westend and up to 1 bedroom properties

** With a minimum inventory of 10 in Most instances

Vancouver Westside

  • Market Type Indicator WESTSIDE DETACHED: Buyers Market at 9% Sales Ratio average (9 in 100 Homes selling rate)
  • Homes are selling on average 5% below list price
  • Most Active Price Band** +/-$3 mil: $1.75 mil to $2 mil (42% Sales Ratio) / $3 mil to $4 mil (12% Sales Ratio)
  • Buyers Best Bet** +/-$3 mil: Homes between $2.75 mil to $3 mil / $5 mil plus, Marpole, Shaughnessy and minimum 5 bedroom s
  • Sellers Best Bet** Selling Homes in SW Marine and up to 2 bedroom properties

** With a minimum inventory of 10 in Most instances

  • Market Type Indicator WESTSIDE ATTACHED: Sellers Market at 38% Sales Ratio average (3.8 in 10 Homes selling rate)
  • Homes are selling on average at list price
  • Most Active Price Band** $600,000 to $700,000 with average 81% Sales Ratio (Sellers Market speed)
  • Buyers Best Bet** Homes between $2.25 mil to $2.5 mil, Cambie, Oakridge, South Granville and 3 bedroom properties
  • Sellers Best Bet** Selling Homes in Kitsilano, SW Marine and up to 1 bedroom properties

** With a minimum inventory of 10 in Most instances

Vancouver Eastside

  • Market Type Indicator EASTSIDE DETACHED: Balanced Market at 13% Sales Ratio average (1.3 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 47% Sales Ratio (Sellers Market speed)
  • Buyers Best Bet** Homes between $2.75 mil to $3, Collingwood and up to 2 bedroom properties
  • Sellers Best Bet** Selling Homes in Mount Pleasant and minimum 7 bedroom properties

** With a minimum inventory of 10 in Most instances

  • Market Type Indicator EASTSIDE ATTACHED: Sellers Market at 53% Sales Ratio average (5.3 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 91% Sales Ratio (Sellers Market speed)
  • Buyers Best Bet** Homes between $900,000 to $1 mil, Fraser, Killarney and 2 to 3 bedroom properties
  • Sellers Best Bet** Selling Homes in Main, Victoria and up to 1 bedroom properties

** With a minimum inventory of 10 in Most instances

Richmond

  • Market Type Indicator RICHMOND DETACHED: Buyers Market at 9% Sales Ratio average (9 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 54% Sales Ratio (Sellers Market speed)
  • Buyers Best Bet** Homes between $2.75 mil to $3 mil, Saunders and 5 to 6 bedroom properties
  • Sellers Best Bet** Selling Homes in Steveston Village and 3 to 4 bedroom properties

** With a minimum inventory of 10 in Most instances

  • Market Type Indicator RICHMOND ATTACHED: Sellers Market at 38% Sales Ratio average (3.8 in 10 Homes selling rate)
  • Homes are selling on average at list price
  • Most Active Price Band** $500,000 to $600,000 with average 75% Sales Ratio (Sellers Market speed)
  • Buyers Best Bet** Homes between $900,000 to $1 mil, Woodwards and minimum 4 bedroom properties
  • Sellers Best Bet** Selling Homes in Boyd Park and up to 1 bedroom properties

** With a minimum inventory of 10 in Most instances

Ladner

  • Market Type Indicator LADNER DETACHED: Sellers Market at 22% Sales Ratio average (2.2 in 10 Homes selling rate)
  • Homes are selling on average 4% below list price
  • Most Active Price Band** Insufficient data but with 7 sales $1 mil to $1.25 mil
  • Buyers Best Bet** Homes in Ladner Elem entary and up to 2 bedroom properties
  • Sellers Best Bet** Selling Homes in Hawthorne and 3 to 4 bedroom properties

** With a minimum inventory of 10 in Most instances

  • Market Type Indicator LADNER ATTACHED: Sellers Market at 38% Sales Ratio average (3.8 in 10 Homes selling rate)
  • Homes are selling on average at list price
  • Most Active Price Band** Insufficient data but with 5 sales $500,000 to $600,000
  • Buyers Best Bet** Homes in Hawthorne and 2 bedroom properties
  • Sellers Best Bet** Homes in Ladner Elem entary and 3 bedroom properties

** With a minimum inventory of 10 in Most instances

Buying or Selling a home in the Greater Vancouver Area contact Jamie Hooper and his team at https://jamiehooper.com | Vancouver Real Estate