Vancouver Market Updates | December 2018
View the below price analysis for December 2018 in Vancouver West and Vancouver East. It includes detailed information on detached homes, condos and townhomes. Check out the current market trends!
Market Summary for Vancouver West: Detached
- Buyers Market at 6% Sales Ratio average (6 in 100 homes selling rate)
- Homes are selling on average 2% below list price
- Most Active Price Band** $2 mil to $2.25 mil with average 30% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes $4 mil to $4.5 mil / $5 mil plus, Mackenzie Heights, South Granville and minimum 7 bedroom properties
- Sellers Best Bet** Selling homes in Point Grey and 3 to 4 bedroom properties
Market Summary for Vancouver West: Attached
- Balanced Market at 16% Sales Ratio average (1.6 in 10 homes selling rate)
- Homes are selling on average 4% below list price
- Most Active Price Band** $400,000 to $500,000 with average 57% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.75 mil to $2 mil, Cambie, Kerrisdale, South Granville and 3 bedroom properties
- Sellers Best Bet** Selling homes in Kitsilano and up to 1 bedroom properties
**with a minimum inventory of 10 in most instancesMarket Summary for Vancouver East: Detached
- Buyers Market at 9% Sales Ratio average (9 in 100 homes selling rate)
- Homes are selling on average 4% below list price
- Most Active Price Band** $1 mil to $1.25 mil with average 35% Sales Ratio (Sellers market)
- Buyers Best Bet* Homes between $1.5 mil to $1.75 mil, $2.5 to $2.75 mil, Collingwood, Renfrew and minimum 7 bedroom properties
- Sellers Best Bet** Selling homes in Fraserview, Main and up to 2 bedroom properties
Market Summary for Vancouver East: 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** $400,000 to $500,000 with average 33% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.25 mil to $1.5 mil, Champlain Heights, Victoria and minimum 4 bedroom properties
- Sellers Best Bet** Selling homes in Grandview, Main and up to 1 bedroom properties
**with a minimum inventory of 10 in most instancesHave a question about the market stats?
Contact meSource: SnapStats® Publishing Co. Graphs represent the data comparison between Dec 2018 and Nov 2018.
