Everything you need to know about the Vancouver Real Estate Market

Jamie gives us a video breakdown on the final month of 2017 in the 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

MarketType Indicator DOWNTOWN: Sellers market at 53% Sales Ratio average (5.3 in 10 homes selling rate) Homes are selling on average 1% below list price MostActive Price Band** +/-$1 mil: $500k to $600k (>100% Sales Ratio) /$1 mil to $1.25 mil (88% Sales Ratio) Buyers BestBet** +/-$1 mil: Homes between $800k to $900k /$3 to $4 mil plus, Coal Harbour and 3 bedroom properties Sellers BestBet**Selling homes in Westend and up to 1 bedroom properties **With a minimum inventory of 10 in most instances

Vancouver Westside

MarketType Indicator WESTSIDE DETACHED: Buyers market at 8% Sales Ratio average (8 in 100 homes selling rate) Homes are selling on average at list price MostActive Price Band** +/-$3 mil:$2.5  $2.75 mil (45% Sales Ratio)/ $4  $4.5 mil (12% Sales Ratio) Buyers BestBet**+/-$3 mil: Homes between $2.75  $3 mil/$4.5 mil plus,Dunbar and 5 to 6 bedroom properties Sellers BestBet** Selling homes in Kitsilano and up to 2 bedroom properties

MarketType Indicator WESTSIDE ATTACHED: Sellers market at 44%  Sales Ratio average (4.4 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 speed) Buyers BestBet**Homes between $2.25 mil to $2.5 mil, Kerrisdale and minimum 4 bedroom properties Sellers BestBet**Selling homes in Fairview, Kitsilano and up to 1 bedroom properties

**With a minimum inventory of 10 in most instances

Vancouver Eastside

Market Type Indicator EASTSIDE DETACHED: Balanced market at 17% Sales Ratio average (1.7 in 10 homes selling rate) Homes are selling on average 2% below list price Most Active Price Band**$1 mil to $1.25 mil with average 59% Sales Ratio (Sellers market speed) Buyers BestBet**Homes between $2.5 mil to $2.75 mil,Collingwood, Renfrew and minimum 7 bedroom properties Sellers BestBet**Selling homes in Main, Renfrew Heights and up to 2 bedroom properties

**With a minimum inventory of 10 in most instances

Market Type Indicator EASTSIDE ATTACHED:Sellers market at 72% Sales Ratio average (7.2 in 10 homes selling rate) Homes are selling on average 1% above list price Most Active Price Band**$300,000 to $700,000 with average >100% Sales Ratio (Sellers market speed) Buyers BestBet**Homes between $1.25 mil to $1.5 mil, Killarney,Victoria and 3 bedroom properties Sellers BestBet**Selling homes in Collingwood, Fraserview, Grandview, Hastings and up to 1 bedroom properties

**With a minimum inventory of 10 in most instances

Download the full version and all December 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