The\u00a0total number of properties currently listed for sale on MLS\u00ae\u00a0system in Downtown Vancouver is 866\u00a0and 231 homes were sold in August.\u00a0The inventory recorded in August 2014 is the same amount recorded at the same time last year. The number of listing properties has declined 6.9% compared to July 2014. The sales-to-inventory ratio currently sits at 26.67% average in the Sellers Market, which means 2.6 in 10 homes are selling. This states the 1.9% increased from 24.73% recorded in July.<\/p>\n
<\/p>\n
The median sales price has decreased to $480,000 in August 2014, and the price is slightly below the\u00a0average price in past 12 month. Homes are currently selling on the average of 4% below their listing price. The Most Active Price Range is in between $300,000 to $400,000 at 41% sales ratio as well as $1.75 million to $2 million at 19% sales ratio. The Sellers Best Bet is homes in Coal Harbour, Yaletown and up to 1 bedroom properties. The Buyers Best Bet is the following: Homes between $900,000 to $1 million; $5 million plus, Downtown Westend area and up to 1 bedrooms properties.<\/p>\n
<\/p>\n
From the 13 Month Market Trend figure below, sales price\u00a0in Downtown Vancouver\u00a0has been\u00a0decreasing since June 2014, and we see quick drop in Sellers Market but steady activity in Buyers Market in the August.<\/p>\n
<\/p>\n
Source: SnapStats Metro Vancouver Edition August 2014, SnapStats Publishing Co.<\/p>\n <\/p>\n Market in Vancouver West\u00a0<\/strong><\/p>\n Sales for both Detached and Attached properties in Vancouver West totalled 310 units out of 1,718 listings. This represents a 12.4% decrease in sales from July 2014, and Detached and Attached properties in westside have 17.9% average sales ratio. The Vancouver West\u00a0Detached Market\u00a0is facing Balanced Market at 16% sales ratio average. The Most Active Price Band in the Detached Market has shifted down to $1.25 to $1.5 million with 60% ratio and $2 to $2.5 million range with 33.3% sales ratio and\u00a0Attached Market active price band\u00a0has dropped to $400,000 to $500,000 range.<\/p>\n <\/p>\n Market in Vancouver East\u00a0<\/strong><\/p>\n New listings in Vancouver East reached 1,022 units and sales are totalled 299 in August. Detached Market is facing Sellers Market with 33% sales ratio and the market is the most active at $700,000 to $800,000 with 72.73% sales ratio. The Homes are sold at $954,000 with average 1% below listing price. The sales price\u00a0of Attached Market in\u00a0Vancouver East has recorded $379,000, and homes are selling on average 3% below listing price. Attached Market is facing Sellers Market at 23% sales ratio, and the most active at $700,000 to $800,000 with 50% sales ratio.<\/p>\n <\/p>\n Market in North Vancouver<\/strong><\/p>\n Total properties listed in\u00a0MLS\u00ae\u00a0has become 769 units in North Vancouver in August, and\u00a0193 units were sold. The sales ratio has increased to 37.5%, and this shows a 0.6% increase compared to July 2014. The number of sold\u00a0properties has\u00a0been decreasing since April 2014 in North Vancouver Detached Market, and the Most Active Price Range in August has remained in between $800,000 to $900,000 with 83% sales ratio. The\u00a0Attached Market\u00a0is facing the Balanced Market and the sales ratio is at 18.4%, which shows 0.4% increase from July of 18%.<\/p>\n <\/p>\n Market in West Vancouver<\/strong><\/p>\n Detached Market is Balanced Market now with 15% sales ratio, and the Attached Market\u00a0is facing Buyers Market with 12% sales ratio average in August. In Detached Market, the Most Active Price Band has shifted up to $1.75 million to $2 million band\u00a0with 48% sales ratio and homes are selling on average 3% below list price. The Attached Market in West Vancouver is less active compared to July. The Market has remained to Buyers Market, and the Most Active Price Range has shifted down to $700,000 to $800,000 with 33.3% sales ratio.<\/p>\n <\/p>\n For More Information, Please Visit Our Office or Contact Us.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The Greater Vancouver housing market experienced steady home sale, listing, and pricing trend for the month of August. The latest SnapStats reports that residential\u00a0property listings in Downtown Vancouver, Vancouver West, … [read more<\/a>]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/100"}],"collection":[{"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/comments?post=100"}],"version-history":[{"count":1,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/100\/revisions"}],"predecessor-version":[{"id":102,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/100\/revisions\/102"}],"wp:attachment":[{"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/media?parent=100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/categories?post=100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/tags?post=100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"802_cea8a7aa_Screen_Shot_2014-09-08_at_1.02.55_PM\"](\"https:\/\/www.kanavero.com\/blog\/wp-content\/uploads\/2016\/03\/802_cea8a7aa_Screen_Shot_2014-09-08_at_1.02.55_PM.png\")
<\/a><\/p>\n