The\u00a0total number of properties currently listed for sale on MLS\u00ae\u00a0system in Downtown Vancouver is 509\u00a0and 159 homes were sold in December.\u00a0The sales price recorded in December is the lowest in past 6 month. The number of listing properties has declined 21.4% compared to November 2014. The sales-to-inventory ratio currently sits at 31.24 % average in the Sellers Market, which means 3.1 in 10 homes are selling. This states the 2.55% increased from 28.69% recorded in November.<\/p>\n
<\/p>\n
The median sales price decreased 13.54% from November 2014 to $473,100. Homes are currently selling on the average of 2% below their listing price. The Most Active Price Range is in between $300,000 to $400,000 at 57.63% sales ratio as well as $1 million to $1.25 million at 23.68% sales ratio. The Sellers Best Bet is homes in Westend, Yaletown and up to 1 bedroom properties. The Buyers Best Bet is the following: Homes between $500,000 to $600,000; $8000,000 to $1 million, Coal Harbor and 3 bedrooms .<\/p>\n
<\/p>\n
From the 13 Month Market Trend figure below, sales price\u00a0in Downtown Vancouver\u00a0has been\u00a0unstable since July 2014, and we see a quick drop in December.<\/p>\n
<\/p>\n
Source: SnapStats Metro Vancouver Edition December 2014, SnapStats Publishing Co. Sales for both Detached and Attached properties in Vancouver West totalled 246 units out of 1,041 listings. This represents a 4.36% decrease in sales from November 2014, and Detached and Attached properties in Westside have 23.4% average sales ratio. The Vancouver West\u00a0Detached Market\u00a0is facing Sellers Market at 21% sales ratio average. The Most Active Price Band in the Detached Market has increased to $1.5 to $1.75 million with 70% ratio and $1.75 to $2.25 million range with 43% sales ratio, and\u00a0Attached Market active price band\u00a0has increased at $300.00 to $400,000 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 683 units and sales are totalled 245 in December. Detached Market is facing Sellers Market with 46% sales ratio and the market is the most active at $700,000 to $900,000 with 95% sales ratio, which means 9.5 in 10 homes are sold. The Homes are sold at $1,034,044, and the price is the highest in past 12 months. The inventory of the Attached Market in\u00a0Vancouver East reached 466, and 145 homes were sold. Homes are selling on average 4% below listing price. The market is facing Sellers Market at 31% sales ratio, and the most active at $700,000 to $800,000 with 45.45% sales ratio.<\/p>\n <\/p>\n Market in North Vancouver<\/strong><\/p>\n Total properties listed in\u00a0MLS\u00ae\u00a0has become 471 units in North Vancouver in December, and\u00a0143 units were sold. The sales ratio has increased to 32.44%, and this shows a 13.6% increase compared to October 2014. The number of sold\u00a0properties has\u00a0been decreasing since April 2014 in North Vancouver Detached Market, and it was the lowest in last month. The Most Active Price Range in November has increased at $1,000,000 to $1,250.000 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 18% sales ratio, and the Attached Market\u00a0has changed to Balanced Market with 15% sales ratio average in December. In Detached Market, the Most Active Price Band has remained to $1.5 million to $1.75 million band\u00a0with 88.89% sales ratio, and homes are selling on average 7% below list price. The Buyers Market in West Vancouver is less active in December. In the Attached Market, the Most Active Price Range has shifted up to $600,000 to $700,000 with 25% sales ratio.<\/p>\n <\/p>\n For More Information, Please Visit Our Office or Contact Us.<\/strong><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" The region\u2019s home sale and listing totals for 2014 both rank fifth when compared against the past 10 years of activity, while home prices increased. The latest SnapStats reports that … [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\/114"}],"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=114"}],"version-history":[{"count":1,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/114\/revisions"}],"predecessor-version":[{"id":116,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/114\/revisions\/116"}],"wp:attachment":[{"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/media?parent=114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/categories?post=114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/tags?post=114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"802_d98d2d8c_Screen_Shot_2015-01-09_at_5.37.24_PM\"](\"https:\/\/www.kanavero.com\/blog\/wp-content\/uploads\/2016\/03\/802_d98d2d8c_Screen_Shot_2015-01-09_at_5.37.24_PM.png\")
<\/a><\/p>\n
\nMarket in Vancouver West\u00a0<\/strong><\/p>\n