Vancouver Real Estate Statistics Sept 2018

Vancouver Real Estate Market is always moving. Understand the trends and how it may effect you. Learn from one of the top Vancouver Realtors.

Everything you need to know about Vancouver’s  Real Estate Market – 

Vancouver Real Estate Statistics – Sept 2018

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All data sourced from SnapStats Publishing.

Vancouver Downtown

  • Market Type Indicator VANCOUVER DOWNTOWN ATTACHED: Balanced Market at 17% Sales Ratio average (1.7 in 10 Homes selling rate)
  • Homes are selling on average 3% below list price
  • Most Active Price Band** $400,000 to $500,000 with average 38% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes m inim um $5 m il, Coal Harbour and 3 bedroom properties
  • Sellers Best Bet** Selling Homes in Yaletown and up to 1 bedroom properties

**With minimum inventory of 10 in most instances

Vancouver Westside

  • Market Type Indicator VANCOUVER WESTSIDE DETACHED: Buyers Market at 5% Sales Ratio average (5 in 100 Homes selling rate)
  • Homes are selling on average 6% below list price
  • Most Active Price Band** $2.5 mil to $2.75 mil with average 24% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $3.5 mil to $4 m il, South Granville and minimum 5 bedroom properties
  • Sellers Best Bet** Selling Homes in Kerrisdale, Oakridge and 3 to 4 bedroom properties

**With minimum inventory of 10 in most instances

  • Market Type Indicator VANCOUVER WESTSIDE ATTACHED: Balanced Market at 14% Sales Ratio average (1.4 in 10 Homes selling rate)
  • Homes are selling on average 4% below list price
  • Most Active Price Band** $400,000 to $600,000 with average 30% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $1.75 mil to $2 m il, Cam bie, Kerrisdale, Shaughnessy, South Granville and 3 bedroom properties
  • Sellers Best Bet** Selling Homes in Kitsilano, Mount Pleasant 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 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 31% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $2.75 mil to $3 m il, Collingwood, Fraserview, South Vancouver and Victoria
  • Sellers Best Bet** Selling Homes in Killarney and 3 to 4 bedroom properties

**With minimum inventory of 10 in most instances

  • Market Type Indicator VANCOUVER EASTSIDE ATTACHED: Sellers Market at 22% Sales Ratio average (2.2 in 10 Homes selling rate)
  • Homes are selling on average 2% below list price
  • Most Active Price Band** $500,000 to $600,000 with average 29% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $1.25 mil to $1.5 mil, Downtown, Fraserview, Renfrew, Victoria and 2 bedroom properties
  • Sellers Best Bet** Selling Homes in Fraser, Grandview, Hastings East, Main and up to 1 bedroom properties

**With minimum inventory of 10 in most instances

Richmond

  • Market Type Indicator RICHMOND 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 mil to $1.25 mil with average 36% Sales Ratio (Sellers m arket)
  • Buyers Best Bet** Homes between $1.75 mil to $2 mil and $2.5 mil to $2.75 mil, Ironwood and up to 2 bedroom properties
  • Sellers Best Bet** Selling Homes in Hamilton, McLennan North, Steveston Village and 3 to 4 bedroom properties

**With minimum inventory of 10 in most instances

  • Market Type Indicator RICHMOND ATTACHED: Balanced Market at 14% Sales Ratio average (1.4 in 10 Homes selling rate)
  • Homes are selling on average 1% below list price
  • Most Active Price Band** $300,000 to $400,000 with average 64% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $1.25 mil to $1.5 m il, Bridgeport and minimum 4 bedroom properties
  • Sellers Best Bet** Selling Homes in Steveston South and up to 1 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 1% 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 $1.25 mil to $1.5 m il, Neilsen Grove and 3 to 4 bedroom properties
  • Sellers Best Bet** Selling Homes in Holly and 5 to 6 bedroom properties

**With minimum inventory of 10 in most instances

  • Market Type Indicator LADNER ATTACHED: Sellers Market at 32% Sales Ratio average (3.2 in 10 Homes selling rate)
  • Homes are selling on average 100% of list price
  • Most Active Price Band** $800,000 to $900,000 with average 50% Sales Ratio (Sellers m arket)
  • Buyers Best Bet** Homes between $500,000 to $600,000, Ladner Elementary and 3 bedroom properties
  • Sellers Best Bet** Selling Homes in Neilsen Grove and m inim um 4 bedroom properties

**With minimum inventory of 10 in most instances

I’m Jamie Hooper with Re/Max Crest, hopefully that has given you a little insight into why Open Houses are not necessary to get your property sold and if you have any other questions about real estate feel free to email or contact me by phone.

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