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 Real Estate Statistics

Vancouver Downtown

  • Market Type Indicator DOWNTOWN: Sellers Market at 45% Sales Ratio average (4.5 in 10 Homes selling rate)
  • Homes are selling on average at list price
  • Most Active Price Band** +/- $1 mil: $500,000 to $600,000 (>100% Sales Ratio) / $1 mil to $1.25 mil (46% Sales Ratio)
  • Buyers Best Bet** +/- $1 mil: Homes between $600,000 to $700,000 / $5 mil plus, Coal Harbour and 3 bedroom properties
  • Sellers Best Bet** Selling Homes in Westend and up to 1 bedroom properties

** With a minimum inventory of 10 in Most instances

Vancouver Westside

  • Market Type Indicator VANCOUVER WESTSIDE DETACHED: Buyers Market at 7% Sales Ratio average (7 in 100 Homes selling rate)
  • Homes are selling on average 6% below list price
  • Most Active Price Band** +/-$3 mil: $2.25 mil to $2.5 mil (23% Sales Ratio) / $3 mil to $3.5 mil (14% Sales Ratio)
  • Buyers Best Bet** +/-$3 mil: Homes between $2 mil to $2.25 mil / $5 mil plus, Shaughnessy and Southlands
  • Sellers Best Bet** Selling Homes in Kitsilano

** With a minimum inventory of 10 in Most instances

  • Market Type Indicator VANCOUVER WESTSIDE ATTACHED: Sellers Market at 48% Sales Ratio average (4.8 in 10 Homes selling rate)
  • Homes are selling on average 1% above list price
  • Most Active Price Band** $500,000 to $800,000 with average >100% Sales Ratio (Sellers Market speed)
  • Buyers Best Bet** Homes between $1.75 mil to $2 mil, M arpole, Shaughnessy and m inim um 4 bedroom properties
  • Sellers Best Bet** Selling Homes in Point Grey and up to 1 bedroom properties

** With a minimum inventory of 10 in Most instances

Vancouver Eastside

  • Market Type Indicator VANCOUVER EASTSIDE DETACHED: Balanced Market at 13% Sales Ratio average (1.3 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 44% Sales Ratio (Sellers Market speed)
  • Buyers Best Bet** Homes between $2.25 mil to $2.5, Hastings East and up to 2 bedroom properties
  • Sellers Best Bet** Selling Homes in Mount Pleasant and 3 to 4 bedroom properties

** With a minimum inventory of 10 in Most instances

  • Market Type Indicator VANCOUVER EASTSIDE ATTACHED: Sellers Market at 75% Sales Ratio average (3 in 4 Homes selling rate)
  • Homes are selling on average at 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 mil to $1.25 mil, Cham plain Heights, Hastings, Killarney, Victoria and 3 bedroom properties
  • Sellers Best Bet** Selling Homes in Downtown, Fraser, Fraserview, Grandview and up to 1 bedroom properties

** With a minimum inventory of 10 in Most instances

Richmond

  • Market Type Indicator RICHMOND DETACHED: Balanced Market at 12% Sales Ratio average (11% is a Buyers m arket)
  • Homes are selling on average 5% below list price
  • Most Active Price Band** $1 mil to $1.25 mil with average 75% Sales Ratio (Sellers Market speed)
  • Buyers Best Bet** Homes between $2.5 mil to $3.5 mil, Granville and m inim um 7 bedroom properties
  • Sellers Best Bet** Selling Homes in Hamilton, West Wind and 3 to 4 bedroom properties

** With a minimum inventory of 10 in Most instances

  • Market Type Indicator RICHMOND ATTACHED: Sellers m arket at 39% Sales Ratio average (3.9 in 10 hom es selling rate)
  • Homes are selling on average at list price
  • Most Active Price Band** $400,000 to $500,000 with average >100% Sales Ratio (Sellers m arket speed)
  • Buyers Best Bet** Homes between $1.5 mil to $1.75 mil, Quilchena, Woodwards and 3 bedroom properties
  • Sellers Best Bet** Selling homes in Riverdale, Terra Nova and up to 1 bedroom properties

** With a minimum inventory of 10 in most instances

Ladner

  • Market Type Indicator LADNER DETACHED: Balanced Market at 15% Sales Ratio average (1.5 in 10 Homes selling rate)
  • Homes are selling on average 1% below list price
  • Most Active Price Band** $900,000 to $1 mil with average 25% Sales Ratio (Sellers Market speed)
  • Buyers Best Bet** Homes between $1 mil to $1.25 mil, Hawthorne and 5 to 6 bedroom properties
  • Sellers Best Bet** Selling Homes in Ladner Elementary and up to 2 bedroom properties

** With a minimum inventory of 10 in Most instances

  • Market Type Indicator LADNER ATTACHED: Sellers market at 55% Sales Ratio average (5.5 in 10 homes selling rate)
  • Homes are selling on average 1% below list price
  • Most Active Price Band** Insufficient data but with 4 sales $700,000 to $800,000
  • Buyers Best Bet** Insufficient data
  • Sellers Best Bet** Insufficient data but with 5 sales Hawthorne

** With a 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