Vancouver Market Updates | January 2019
View the below price analysis for January 2019 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 8% below list price
- Most Active Price Band** $1.75 mil to $2 mil with average 42% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes minimum $5 mil, Marpole, Shaughnessy, South Granville, University and 3 to 6 bedroom properties
- Sellers Best Bet** Selling homes in Kitsilano, up to 2 bedrooms / minimum 7 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 2% below list price
- Most Active Price Band** $400,000 to $500,000 with average 39% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.5 mil to $1.75 mil, Cambie, Marpole, Quilchena and 3 bedroom properties
- Sellers Best Bet** Selling homes in Kitsilano, Point Grey 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 2% below list price
- Most Active Price Band** $1 mil to $1.25 mil with average 66% Sales Ratio (Sellers market)
- Buyers Best Bet* Homes between $1.75 mil to $2.5 mil, Grandview, Hastings East, South Vancouver and minimum 7 bedroom properties
- Sellers Best Bet** Selling homes in Main and up to 2 bedroom properties
Market Summary for Vancouver East: Attached
- Sellers Market at 24% Sales Ratio average (2.4 in 10 homes selling rate)
- Homes are selling on average 100% of list price
- Most Active Price Band** $300,000 to $400,000 with average 42% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $700,000 to $800,000, $1 mil to $1.25 mil, Champlain Heights, Downtown and Fraserview
- Sellers Best Bet** Grandview, Hastings, Hastings East 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 Feb 2019 and Jan 2019.
