Vancouver Real Estate Market Statistics

Jamie gives us a video breakdown on the first month of 2018 in the Greater Vancouver Real Estate Market. This month Jamie walks us through the Downtown, Vancouver Westside, Eastside, Ladner Areas and  more.

Click Here to View at YouTube.

Real Estate Housing Market Recap

Vancouver Downtown

  • Market Type Indicator DOWNTOWN: Sellers Market at 41% Sales Ratio average (4.1 in 10 Homes selling rate)
  • Homes are selling on average at list price
  • Most Active Price Band** +/- $1 mil: $500k to $600k (78% Sales Ratio) / $1.75 mil to $2 mil (>100% Sales Ratio)
  • Buyers Best Bet** +/- $1 mil: Homes between $800k to $900k / $2.5 mil to $2.75 mil plus, Coal Harbour and 3 bedroom properties
  • Sellers Best Bet** Selling Homes in Yaletown 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 8% Sales Ratio average (8 in 100 Homes selling rate)
  • Homes are selling on average 7% below list price
  • Most Active Price Band** +/-$3 mil: $2.5 mil to $2.75 mil (18% Sales Ratio) / $3.5 mil to $4 mil (15% Sales Ratio)
  • Buyers Best Bet** +/-$3 mil: Homes between $2.25 to $2.5 mil / $4.5 mil plus, SW M arine and Shaughnessy
  • Sellers Best Bet** Selling Homes in Point Grey and up to 2 bedroom s/ 5 to 6 bedroom properties

** With a minimum inventory of 10 in Most instances

  • Market Type Indicator W ESTSIDE ATTACHED: Sellers Market at 39% Sales Ratio average (3.9 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 Market speed)
  • Buyers Best Bet** Homes between $1.75 mil to $2 mil, Kerrisdale, South Granville and m inim um 4 bedroom properties
  • Sellers Best Bet** Selling Homes in Kitsilano, University and up to 1 bedroom properties

** With a minimum inventory of 10 in Most instances

Vancouver Eastside

  • Market Type Indicator EASTSIDE DETACHED: Buyers Market at 8% Sales Ratio average (8 in 100 Homes selling rate)
  • Homes are selling on average 1% below list price
  • Most Active Price Band** $1 mil to $1.25 mil with average 38% Sales Ratio (Sellers Market speed)
  • Buyers Best Bet** Homes between $2.5 mil to $2.75 mil/ $3 mil to $3.5 mil, South Vancouver and 5 to 6 bedroom properties
  • Sellers Best Bet** Selling Homes in Grandview, Hastings East and 3 to 4 bedroom properties

** With a minimum inventory of 10 in Most instances

  • Market Type Indicator EASTSIDE ATTACHED: Sellers Market at 42% Sales Ratio average (4.2 in 10 Homes selling rate)
  • Homes are selling on average 2% above list price
  • Most Active Price Band** $500,000 to $600,000 with average 89% Sales Ratio (Sellers Market speed)
  • Buyers Best Bet** Homes between $1 mil to $1.25 mil, Fraser, Victoria and 2 bedroom properties
  • Sellers Best Bet** Selling Homes in Grandview, Hastings and up to 1 bedroom properties

** With a minimum inventory of 10 in Most instances

Ladner

  • Market Type Indicator LADNER DETACHED: Buyers Market at 8% Sales Ratio average (8 in 100 Homes selling rate)
  • Homes are selling on average 1% below list price
  • Most Active Price Band** $900,000 to $1 mil with average 13% Sales Ratio (Balanced Market speed)
  • Buyers Best Bet** Homes between $1.25 mil to $1.5 mil, Hawthorne and 5 to 6 bedroom properties
  • Sellers Best Bet** Selling Homes in Ladner Elem entary and 3 to 4 bedroom properties

** With a minimum inventory of 10 in Most instances

  • Market Type Indicator LADNER ATTACHED: Sellers Market at 82% Sales Ratio average (8.2 in 10 Homes selling rate)
  • Homes are selling on average 1% below list price
  • Most Active Price Band** Insufficient data but with 4 sales $600,000 to $700,000
  • Buyers Best Bet** Homes with 3 bedrooms

Download the full version and all  January 2018 Greater Vancouver Real Estate Statistics here.

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