Vancouver Real Estate Statistics May 2018

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

Call Jamie to Get Statistics for Metro Vancouver:
Downtown, West Side, East Side, Richmond, Ladner, Tsawwassen, North Van and West Van  
or  Greater Vancouver including:
Burnaby, New West, Coquitlam, PoCo, Port Moody, Pitt Meadows, Maple Ridge
Also  Statistics for Fraser Valley:
Surrey, White Rock, North Delta, Cloverdale, Langley, Abbotsford, Mission

Vancouver Downtown

VANCOUVER DOWNTOWN ATTACHED: Sellers Market at 28% Sales Ratio average (2.8 in 10 homes selling rate)

  • homes are selling on average 3% above list price
  • Most Active Price Band** $500,000 to $600,000 with average >100% Sales Ratio (Sellers market)
  • Buyers Best Bet** homes between $3.5 m il to $4 m il, Coal Harbour and 2 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

VANCOUVER WESTSIDE DETACHED: Buyers Market at 11% Sales Ratio average (1.1 in 10 homes selling rate)

  • homes are selling on average 6% below list price
  • Most Active Price Band** $1.5 m il to $1.75 m il with average 67% Sales Ratio (Sellers market)
  • Buyers Best Bet** homes between $4.5 m il to $5 m il, Kerrisdale, South Granville, Southlands 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

VANCOUVER WESTSIDE ATTACHED: Sellers Market at 32% Sales Ratio average (3.2 in 10 homes selling rate)

  • homes are selling on average 1% above list price
  • Most Active Price Band** $500,000 to $600,000 with average 100% Sales Ratio (Sellers market)
  • Buyers Best Bet** homes between $1.75 m il to $2 m il, Point Grey, Quilchena, SW M arine and minimum 4 bedroom properties
  • Sellers Best Bet** Selling homes in Kitsilano and up to 1 bedroom properties

**With minimum inventory of 10 in most instances

Vancouver Eastside

VANCOUVER EASTSIDE DETACHED: Balanced Market at 18% Sales Ratio average (1.8 in 10 homes selling rate)

  • homes are selling on average 2% below list price
  • Most Active Price Band** $1 m il to $1.25 m il with average 59% Sales Ratio (Sellers market)
  • Buyers Best Bet** homes between $3 m il to $3.5 m il, Collingwood and minimum 7 bedroom properties
  • Sellers Best Bet** Selling homes in Mount Pleasant and 3 to 4 bedroom properties

**With minimum inventory of 10 in most instances

VANCOUVER EASTSIDE ATTACHED: Sellers Market at 51% Sales Ratio average (5.1 in 10 homes selling rate)

  • homes are selling on average 100% of list price
  • Most Active Price Band** $700,000 to $800,000 with average 77% Sales Ratio (Sellers market)
  • Buyers Best Bet** homes between $1 m il to $1.25 m il, M ain and 3 bedroom properties
  • Sellers Best Bet** Selling homes in Killarney and up to 1 bedroom properties

**With minimum inventory of 10 in most instances

Richmond

RICHMOND DETACHED: Buyers Market at 11% Sales Ratio average (1.1 in 10 homes selling rate)

  • homes are selling on average 6% below list price
  • Most Active Price Band** $1 m il to $1.25 m il with average 62% Sales Ratio (Sellers market)
  • Buyers Best Bet** homes between $2.75 m il to $3 m il and $3.5 m il to $5 m il, W oodwards and minimum 7 bedroom properties
  • Sellers Best Bet** Selling homes in Quilchena, West Cambie, Westwind and 3 to 4 bedroom properties

**With minimum inventory of 10 in most instances

RICHMOND ATTACHED: Sellers Market at 34% Sales Ratio average (3.4 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 market)
  • Buyers Best Bet** homes between $1.25 m il to $1.5 m il, Bridgeport, Broadmoor, Granville, Quilchena and Steveston North
  • Sellers Best Bet** Selling homes in Riverdale and up to 1 bedroom properties

Ladner

LADNER DETACHED: Balanced Market at 20% Sales Ratio average (2 in 10 homes selling rate)

  • homes are selling on average 1% above list price
  • Most Active Price Band** $900,000 to $1 m il with average 33% Sales Ratio (Sellers market)
  • Buyers Best Bet** homes between $1.25 m il to $1.5 m il, Holly and 3 to 4 bedroom properties
  • Sellers Best Bet** Selling homes in Neilsen Grove and 5 to 6 bedroom properties

**With minimum inventory of 10 in most instances.

LADNER ATTACHED: Sellers Market at 44% Sales Ratio average (4.4 in 10 homes selling rate)

  • homes are selling on average 2% below list price
  • Most Active Price Band** Insufficient data but with 4 sales $500,000 to $600,000
  • Buyers Best Bet** homes in Hawthorne and 3 bedroom properties
  • Sellers Best Bet** Selling homes in Delta Manor, Neilsen Grove 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