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 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
