Last month, hottest Vancouver's markets were:
- North Vancouver for detached properties (houses)
With 44% Sales Ratio* average (4 in 10 selling) it was officially Sellers's market condition. A moderate inventory injection of 8% helped increase sales 16% and sale prices 3%. Most active price band: $700,000 - $900,000 with an average 8 out of 10 homes listed selling. Buyer's best bet are properties between $600,000 to $700,000 and $2.25 to $2.5 mil in Deep Cove, Grouse Woods, and Westlyn. Seller's best bet is selling homes in Blueridge, Central and Upper Lonsdale, Forest Hills, Lynn Valley and Upper Delbrook.
- Vancouver Eastside for detached properties
With 34% Sales Ratio (3 in 10 homes selling) it was Seller's market type. Sales were up 26%, average price up 6.5% and Buyer's paying more than list price. Most active price band was $600,000 to $700,000 and $900,000 to $1 mil with 3 in 4 homes selling (Perfect time to sell). Buyer's best bet is properties $1.5 mil and up in Collingwood, Fraserview and Victoria. Seller's best bet, selling in Fraser, Grandview and Renfrew.
- Downtown, especially Yaletown condos
With 24% Sales Ratio (1 in 4 homes selling), it is a Seller's market type. Downtown is hot with sales up 39% and Buyer's paying 1.5% off the list price on average keeping prices virtually unchanged. Most active price band was $300,000 to $400,000 with 2 in 5 homes selling, $1 mil to $1.25 mil with 1 in 5 homes selling. Buyers best bet under $1 mil is Coal Harbour homes between $800,000 to $1 mil with 1 in 10 homes selling. Hottest neighborhood is Yaletown with 3 in 10 homes selling.
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