The\u00a0total number of properties currently listed for sale on MLS\u00ae\u00a0system in Downtown Vancouver is 690\u00a0and 326 homes were sold in March.\u00a0The number of sales recorded in March is the highest in past 12 month. The number of listing properties has increased 2.4% compared to February 2015. The sales-to-inventory ratio currently sits at 47.25% average in the Sellers Market, which means 4.7 in 10 homes are selling. This states the 12.17% increased from 35.08% recorded in February.<\/p>\n
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The median sales price decreased 0.58% from February 2015 to $502,553. Homes are currently selling on the average of 3% below their listing price. The Most Active Price Range is in between $300,000 to $600,000 at 62% sales ratio as well as $1 million to $1.25 million at 43% 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 $800,000 to $1 million, Coal Harbor, Downtown and minimum 4 bedrooms plus 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 March\u00a02015, SnapStats Publishing Co.<\/p>\n <\/p>\n Market in Vancouver West<\/strong><\/p>\n Sales for both Detached and Attached properties in Vancouver West totalled 475 units out of 1,544 listings. This represents a 26% increase in sales from March 2015, and Detached and Attached properties in Westside have 30.7% average sales ratio. The Vancouver West\u00a0Detached Market\u00a0is facing Sellers Market at 30% sales ratio average. The Most Active Price Band in the Detached Market has increased to $1.25 to $1.5 million with 89% ratio and $2 to $2.25 million range with 88% sales ratio, and\u00a0Attached Market active price band\u00a0has decreased at $300,000 to $400,000 range.<\/p>\n <\/p>\n Market in Vancouver East\u00a0<\/strong><\/p>\n New listings in Vancouver East reached 823 units and sales are totalled 445 in March. Detached Market is facing Sellers Market with 68% sales ratio and the market is the most active at $900,000 to $1.25 million with 95% sales ratio, which means 9.5 in 10 homes are sold. The Homes are sold at $1,137,500, and the price is the highest in past 12 months. The inventory of the Attached Market in\u00a0Vancouver East reached 513, and 235 homes were sold. Homes are selling on average 1% above listing price. The market is facing Sellers Market at 46% sales ratio, and the most active at $700,000 to $800,000 with 75% sales ratio.<\/p>\n <\/p>\n Market in North Vancouver<\/strong><\/p>\n Total properties listed in\u00a0MLS\u00ae\u00a0has become 742 units in North Vancouver in March, and\u00a0385 units were sold. The sales ratio has increased to 56.49%, and this shows a 7.3% increase compared to February 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 March has increased at $800,000 to $1.25 million with 99% sales ratio. The\u00a0Attached Market\u00a0has changed to the Sellers Market, and the sales ratio is at 41%.<\/p>\n <\/p>\n Market in West Vancouver<\/strong><\/p>\n West Vancouver Detached Market is Sellers Market now with 22% sales ratio, and the Attached Market\u00a0has changed to Sellers Market with 26% sales ratio average in March. In Detached Market, the Most Active Price Band has increased to $1.75 million to $2 million band\u00a0with 59% sales ratio, and homes are selling on average 3% below list price. The Market in West Vancouver is more active in March. In the Attached Market, the Most Active Price Range has decreased to $900,000 to $1,000,000 with 45.45% sales ratio.<\/p>\n <\/p>\n For More Information, Please Visit Our Office or Contact Us.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Demand continued to rise across Metro Vancouver\u2019s housing market in March. The latest SnapStats reports that residential\u00a0property listings in Downtown Vancouver, Vancouver West, Vancouver East, North Vancouver\u00a0and West Vancouver reached … [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\/124"}],"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=124"}],"version-history":[{"count":2,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/124\/revisions"}],"predecessor-version":[{"id":127,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/124\/revisions\/127"}],"wp:attachment":[{"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/media?parent=124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/categories?post=124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/tags?post=124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"802_16a05ae2_APR_2015\"](\"https:\/\/www.kanavero.com\/blog\/wp-content\/uploads\/2016\/03\/802_16a05ae2_APR_2015.png\")
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