The\u00a0total number of properties currently listed for sale on MLS\u00ae\u00a0system in Downtown Vancouver is 718\u00a0and 206 homes were sold in November.\u00a0The sales price recorded in November are the highest in past 12 month. The number of listing properties has declined 9.3% compared to October 2014. The sales-to-inventory ratio currently sits at 28.69 % average in the Sellers Market, which means 2.9 in 10 homes are selling. This states the 7.04% decreased from 35.73% recorded in October.<\/p>\n
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The median sales price increased 7.3% from October 2014 to $547,100. Homes are currently selling on the average of 3% below their listing price. The Most Active Price Range is in between $700,000 to $800,000 at 50% sales ratio as well as $1 million to $1.25 million at 23.40% sales ratio. The Sellers Best Bet is homes in Coal Harbor, Yaletown and up to 2 bedroom properties. The Buyers Best Bet is the following: Homes between $500,000 to $600,000; $900,000 to $1 million plus, Downtown.<\/p>\n
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From the 13 Month Market Trend figure below, sales price\u00a0in Downtown Vancouver\u00a0has been\u00a0increasing since July 2014, and we see a continuous increase in November.<\/p>\n
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Source: SnapStats Metro Vancouver Edition November 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 278 units out of 1,453 listings. This represents a 25.3% decrease in sales from October 2014, and Detached and Attached properties in Westside have 19.04% average sales ratio. The Vancouver West\u00a0Detached Market\u00a0is facing Balanced Market at 18% sales ratio average. The Most Active Price Band in the Detached Market has increased to $1.5 to $1.75 million with 100% ratio and $2.5 to $2.75 million range with 34.21% sales ratio, and\u00a0Attached Market active price band\u00a0has remained at $0 to $300,000 range.<\/p>\n <\/p>\n Market in Vancouver East \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/p>\n New listings in Vancouver East reached 933 units and sales are totalled 270 in November. Detached Market is facing Sellers Market with 37% sales ratio and the market is the most active at $700,000 to $800,000 with 95% sales ratio, which means 9.5 in 10 homes are sold. The Homes are sold at $961,000, and 4.9% decreased from last month. The inventory of the Attached Market in\u00a0Vancouver East reached 602, and 149 homes were sold. Homes are selling on average 3% below listing price. The market is facing Sellers Market at 25% sales ratio, and the most active at $700,000 to $800,000 with 40% sales ratio.<\/p>\n <\/p>\n Market in North Vancouver<\/strong><\/p>\n Total properties listed in\u00a0MLS\u00ae\u00a0has become 684 units in North Vancouver in November, and\u00a0184 units were sold. The sales ratio has decreased to 28.31%, and this shows a 0.4% decrease compared to September 2014. The number of sold\u00a0properties has\u00a0been decreasing since April 2014 in North Vancouver Detached Market. The Most Active Price Range in November has increased at $800,000 to $900.000 with 100% sales ratio. The\u00a0Attached Market\u00a0has remained as the Sellers Market, and the sales ratio is at 24%.<\/p>\n <\/p>\n Market in West Vancouver<\/strong><\/p>\n Detached Market is Balanced Market now with 16% sales ratio, and the Attached Market\u00a0has changed to Buyers Market with 11% sales ratio average in November. In Detached Market, the Most Active Price Band has remained to $1.5 million to $1.75 million band\u00a0with 71% sales ratio, and homes are selling on average 3% below list price. The Buyers Market in West Vancouver is less active in November. The Attached Market has changed to Buyers Market, and the Most Active Price Range has shifted down to $300,000 to $400,000 with 13% sales ratio.<\/p>\n <\/p>\n For More Information, Please Visit Our Office or Contact Us.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Home buyers in Metro Vancouver remained active in November, a month that is traditionally a quieter time of year for real estate. The latest SnapStats reports that residential\u00a0property listings in … [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\/111"}],"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=111"}],"version-history":[{"count":1,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/111\/revisions"}],"predecessor-version":[{"id":113,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/111\/revisions\/113"}],"wp:attachment":[{"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/media?parent=111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/categories?post=111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/tags?post=111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"802_4a119ea6_Screen_Shot_2014-12-05_at_3.51.49_PM\"](\"https:\/\/www.kanavero.com\/blog\/wp-content\/uploads\/2016\/03\/802_4a119ea6_Screen_Shot_2014-12-05_at_3.51.49_PM.png\")
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