August 2018 | Greater Vancouver Real Estate Statistics

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 VANCOUVER DOW NTOW N ATTACHED: Sellers Market at 24% Sales Ratio average (2.4 in 10 Homes selling rate)
  • Homes are selling on average 1% below list price
  • Most Active Price Band** $500,000 to $600,000 with average >100% Sales Ratio (Sellers m arket)
  • Buyers Best Bet** Homes between $3 mil to $3.5 mil, Coal Harbour and 3 bedroom properties
  • Sellers Best Bet** Selling Homes in Downtown and up to 1 bedroom properties

**With minimum inventory of 10 in Most instances

Vancouver Westside

  • Market Type Indicator VANCOUVER W ESTSIDE 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 m arket)
  • 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

**With minimum inventory of 10 in Most instances

  • Market Type Indicator VANCOUVER W ESTSIDE 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 m arket)
  • 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

**With minimum inventory of 10 in Most instances

Vancouver Eastside

  • Market Type Indicator VANCOUVER EASTSIDE 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 m arket)
  • Buyers Best Bet** Homes between $2 mil to $2.5 mil, South Vancouver, Victoria and minimum 7 bedroom s
  • Sellers Best Bet** Selling Homes in Mount Pleasant and up to 2 bedroom properties

**With minimum inventory of 10 in Most instances

  • Market Type Indicator VANCOUVER EASTSIDE 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 m arket)
  • Buyers Best Bet** Homes between $1.25 mil to $1.75 mil, Fraserview, Hastings East, Killarney and minimum 4 bedroom s
  • Sellers Best Bet** Selling Homes in Fraser, Hastings, Mount Pleasant up to 1 bedroom properties

**With minimum inventory of 10 in Most instances

Richmond

  • Market Type Indicator RICHM OND DETACHED: Buyers Market at 7% Sales Ratio average (7 in 100 Homes selling rate)
  • Homes are selling on average 9% below list price
  • Most Active Price Band** $1 mil to $1.25 mil with average 32% Sales Ratio (Sellers m arket)
  • Buyers Best Bet** Homes between $2.75 mil to $3 mil, Woodwards and 5 to 6 bedroom properties
  • Sellers Best Bet** Selling Homes in Steveston South and minimum 7 bedroom properties

**With minimum inventory of 10 in Most instances

  • Market Type Indicator RICHM OND ATTACHED: Sellers Market at 25% Sales Ratio average (2.5 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 >100% Sales Ratio (Sellers m arket)
  • Buyers Best Bet** Homes between $1.25 mil to $1.75 mil, Bridgeport, Steveston Village and minimum 3 bedroom properties
  • Sellers Best Bet** Selling Homes in Boyd Park, Terra Nova, West Cam bie and minimum 3 bedroom properties

**With minimum inventory of 10 in Most instances

Ladner

  • Market Type Indicator LADNER DETACHED: Balanced Market at 12% Sales Ratio average (1.2 in 10 Homes selling rate)
  • Homes are selling on average 4% below list price
  • Most Active Price Band** $800,000 to $900,000 with average 25% Sales Ratio (Sellers m arket)
  • Buyers Best Bet** Homes between $1 mil to $1.25 mil, Holly and 5 to 6 bedroom properties
  • Sellers Best Bet** Selling Homes in Hawthorne and up to 2 bedroom properties

**With minimum inventory of 10 in Most instances

  • Market Type Indicator LADNER ATTACHED: Sellers Market at 22% Sales Ratio average (2.2 in 10 Homes selling rate)
  • Homes are selling on average 100% of list price
  • Most Active Price Band** $500,000 to $600,000 with average 20% Sales Ratio (Balanced m arket)
  • Buyers Best Bet** Homes between $800,000 to $900,000, Ladner Elementary, Neilsen Grove and 3 bedroom properties
  • Sellers Best Bet** Selling Homes in Hawthorne and 2 bedroom properties

**With 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