The\u00a0total number of properties currently listed for sale on MLS\u00ae\u00a0system in Downtown Vancouver is 707\u00a0and 248 homes were sold in February.\u00a0The number of sales recorded in February is the second highest in past 6 month. The number of listing properties has increased 9.7% compared to January 2015. The sales-to-inventory ratio currently sits at 35.08 % average in the Sellers Market, which means 3.5 in 10 homes are selling. This states the 10.86% increased from 24.22% recorded in January.<\/p>\n
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The median sales price increased 2.43% from January 2015 to $505,500. 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 48.98% sales ratio as well as $1 million to $1.25 million at 36.59% sales ratio. The Sellers Best Bet is homes in Westend, Yaletown and up to 2 bedroom properties. The Buyers Best Bet is the following: Homes between $900,000 to $1 million, Coal Harbor and minimum 3 bedrooms properties.<\/p>\n
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From the 13 Month Market Trend figure below, sales price\u00a0in Downtown Vancouver\u00a0has been\u00a0increasing since December 2014, and we see continual rise in 2015.<\/p>\n
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Source: SnapStats Metro Vancouver Edition February 2015, 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 373 units out of 1,528 listings. This represents a 76% increase in sales from January 2015, and Detached and Attached properties in Westside have 24.5% average sales ratio. The Vancouver West\u00a0Detached Market\u00a0is facing Sellers Market at 23% sales ratio average. The Most Active Price Band in the Detached Market has increased to $1.75 to $2 million with 68% ratio and $2 to $2.25 million range with 68% sales ratio, and\u00a0Attached Market active price band\u00a0has increased at $1.5 to $1.75 million range.<\/p>\n <\/p>\n Market in Vancouver East<\/strong><\/p>\n New listings in Vancouver East reached 830 units and sales are totalled 305 in February. Detached Market is facing Sellers Market with 49% sales ratio and the market is the most active at $700,000 to $900,000 with 100% sales ratio, which means 10 in 10 homes are sold. The Homes are sold at $1,099,000, and the price is the highest in past 12 months. The inventory of the Attached Market in\u00a0Vancouver East reached 536, and 161 homes were sold. Homes are selling on average at listing price. The market is facing Sellers Market at 30% sales ratio, and the most active at $700,000 to $800,000 with 59% sales ratio.<\/p>\n <\/p>\n Market in North Vancouver<\/strong><\/p>\n Total properties listed in\u00a0MLS\u00ae\u00a0has become 725 units in North Vancouver in February, and\u00a0261 units were sold. The sales ratio has increased to 49.19%, and this shows a 12.58% increase compared to January 2015. The sales price has\u00a0been increasing since November 2014 in North Vancouver Detached Market, and it was the second highest in last month. The Most Active Price Range in February has increased at $900,000 to $1,000,000 with 100% sales ratio. The\u00a0Attached Market\u00a0has changed to the Balanced Market, and the sales ratio is at 29%.<\/p>\n <\/p>\n Market in West Vancouver<\/strong><\/p>\n West Vancouver Detached Market is Sellers Market now with 25% sales ratio, and the Attached Market\u00a0has changed to Buyers Market with 24% sales ratio average in February. In Detached Market, the Most Active Price Band has increased to $1.5 million to $1.75 million band\u00a0with 100% sales ratio, and homes are selling on average 2% below list price. The Market in West Vancouver is more active in February. In the Attached Market, the Most Active Price Range has remained the same at $900,000 to $1,000,000 with 24% sales ratio.<\/p>\n <\/p>\n For More Information, Please Visit Our Office or Contact Us.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Condition within the Metro Vancouver housing market continued to strengthen in February as home sale and listing totals came in well above the region\u2019s ten-year average for the month. The … [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\/121"}],"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=121"}],"version-history":[{"count":1,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/121\/revisions"}],"predecessor-version":[{"id":123,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/121\/revisions\/123"}],"wp:attachment":[{"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/media?parent=121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/categories?post=121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/tags?post=121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"802_e168db67_March_2015_copy\"](\"https:\/\/www.kanavero.com\/blog\/wp-content\/uploads\/2016\/03\/802_e168db67_March_2015_copy.png\")
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