September 2018 | Vancouver Real Estate Stats Summary


 

Each month Jamie gives us a video breakdown of what's happening in the Vancouver Real Estate Market, including Downtown, Vancouver Westside, Eastside, Richmond and Ladner.

 

 

To summarize, townhouses and condos are showing some softening where detached homes are softer than they’ve been in the last 27 years. With Canadian interest rates on the rise, school taxes, empty home taxes, and an increase on the property transfer tax of luxury homes, we're seeing a lot of government intervention that has been designed to slow the market. This should provide new opportunities for buyers to purchase at a decent price. See velow for detailed real estate statistics for the Lower Mainland.

 

Vancouver Real Estate Statistics

Vancouver Downtown

  • Market Type Indicator VANCOUVER DOWNTOWN ATTACHED: Balanced Market at 17% Sales Ratio average (1.7 in 10 Homes selling rate)
  • Homes are selling on average 3% below list price
  • Most Active Price Band** $400,000 to $500,000 with average 38% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes m inim um $5 m il, Coal Harbour and 3 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

  • Market Type Indicator VANCOUVER WESTSIDE DETACHED: Buyers Market at 5% Sales Ratio average (5 in 100 Homes selling rate)
  • Homes are selling on average 6% below list price
  • Most Active Price Band** $2.5 mil to $2.75 mil with average 24% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $3.5 mil to $4 m il, South Granville and minimum 5 bedroom properties
  • Sellers Best Bet** Selling Homes in Kerrisdale, Oakridge and 3 to 4 bedroom properties

**With minimum inventory of 10 in most instances

  • Market Type Indicator VANCOUVER WESTSIDE ATTACHED: Balanced Market at 14% Sales Ratio average (1.4 in 10 Homes selling rate)
  • Homes are selling on average 4% below list price
  • Most Active Price Band** $400,000 to $600,000 with average 30% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $1.75 mil to $2 m il, Cam bie, Kerrisdale, Shaughnessy, South Granville and 3 bedroom properties
  • Sellers Best Bet** Selling Homes in Kitsilano, Mount Pleasant and up to 1 bedroom properties

**With minimum inventory of 10 in most instances

Vancouver Eastside

  • Market Type Indicator VANCOUVER EASTSIDE DETACHED: Buyers Market at 9% Sales Ratio average (9 in 100 Homes selling rate)
  • Homes are selling on average 3% below list price
  • Most Active Price Band** $1 mil to $1.25 mil with average 31% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $2.75 mil to $3 m il, Collingwood, Fraserview, South Vancouver and Victoria
  • Sellers Best Bet** Selling Homes in Killarney and 3 to 4 bedroom properties

**With minimum inventory of 10 in most instances

  • Market Type Indicator VANCOUVER EASTSIDE ATTACHED: Sellers Market at 22% Sales Ratio average (2.2 in 10 Homes selling rate)
  • Homes are selling on average 2% below list price
  • Most Active Price Band** $500,000 to $600,000 with average 29% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $1.25 mil to $1.5 mil, Downtown, Fraserview, Renfrew, Victoria and 2 bedroom properties
  • Sellers Best Bet** Selling Homes in Fraser, Grandview, Hastings East, Main and up to 1 bedroom properties

**With minimum inventory of 10 in most instances

Richmond

  • Market Type Indicator RICHMOND DETACHED: Buyers Market at 8% Sales Ratio average (8 in 100 Homes selling rate)
  • Homes are selling on average 9% below list price
  • Most Active Price Band** $1 mil to $1.25 mil with average 36% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $1.75 mil to $2 mil and $2.5 mil to $2.75 mil, Ironwood and up to 2 bedroom properties
  • Sellers Best Bet** Selling Homes in Hamilton, McLennan North, Steveston Village and 3 to 4 bedroom properties

**With minimum inventory of 10 in most instances

  • Market Type Indicator RICHMOND ATTACHED: Balanced Market at 14% Sales Ratio average (1.4 in 10 Homes selling rate)
  • Homes are selling on average 1% below list price
  • Most Active Price Band** $300,000 to $400,000 with average 64% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $1.25 mil to $1.5 m il, Bridgeport and minimum 4 bedroom properties
  • Sellers Best Bet** Selling Homes in Steveston South and up to 1 bedroom properties

**With minimum inventory of 10 in most instances

Ladner

  • Market Type Indicator LADNER DETACHED: Balanced Market at 12% Sales Ratio average (1.2 in 10 Homes selling rate)
  • Homes are selling on average 1% below list price
  • Most Active Price Band** $800,000 to $900,000 with average 25% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $1.25 mil to $1.5 m il, Neilsen Grove and 3 to 4 bedroom properties
  • Sellers Best Bet** Selling Homes in Holly and 5 to 6 bedroom properties

**With minimum inventory of 10 in most instances

  • Market Type Indicator LADNER ATTACHED: Sellers Market at 32% Sales Ratio average (3.2 in 10 Homes selling rate)
  • Homes are selling on average 100% of list price
  • Most Active Price Band** $800,000 to $900,000 with average 50% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $500,000 to $600,000, Ladner Elementary and 3 bedroom properties
  • Sellers Best Bet** Selling Homes in Neilsen Grove and m inimum 4 bedroom properties

**With minimum inventory of 10 in most instances