How's the market?

Last month, hottest Vancouver's markets were:

  1. 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.

  1. 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.

  1. 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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Sanjin Cvetkovic

Sanjin Cvetkovic

REALTORĀ®
CENTURY 21 In Town Realty
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