The\u00a0total number of properties currently listed for sale on MLS\u00ae\u00a0system in Downtown Vancouver is 728\u00a0and 282 homes were sold in April.\u00a0The number of sales recorded in April is the highest in past 6 month. The number of listing properties has increased 5.2% compared to March 2015. The sales-to-inventory ratio currently sits at 38.74% average in the Sellers Market, which means 3.9 in 10 homes are selling. This states the 8.51% decreased from 47.25% recorded in March.<\/p>\n
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The median sales price increased 2.43% from March 2015 to $514,750. Homes are currently selling on the average of 1% below their listing price. The Most Active Price Range is in between $300,000 to $400,000 at 61% sales ratio as well as $1.75 million to $2 million at 44% sales ratio. The Sellers Best Bet is homes in Yaletown and up to 1 bedroom properties. The Buyers Best Bet is the following: Homes between $0 to $300,000; $ 5 million plus, Coal Harbor, Downtown, Westend, and 3+ 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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Sales for both Detached and Attached properties in Vancouver West totalled 509 units out of 1,575 listings. This represents a 7.2% increase in sales from March 2015, and Detached and Attached properties in Westside have 32.3% average sales ratio. The Vancouver West\u00a0Detached Market\u00a0is facing Sellers Market at 32% sales ratio average. The Most Active Price Band in the Detached Market has remained to $1.25 to $1.5 million with 89% ratio and $2 to $2.25 million range with 100% sales ratio, and\u00a0Attached Market active price band\u00a0has decreased at $0 to $300,000 range.<\/p>\n New listings in Vancouver East reached 837 units and sales are totalled 435 in April. Detached Market is facing Sellers Market with 67% sales ratio and the market is the most active at $800,000 to $1.25 million with 95% sales ratio, which means 9.5 in 10 homes are sold. The Homes are sold at $1,114,500, and the price is the highest in past 12 months. The inventory of the Attached Market in\u00a0Vancouver East reached 510, and 217 homes were sold. Homes are selling on average 2% below listing price. The market is facing Sellers Market at 43% sales ratio, and the most active at $700,000 to $800,000 with 100% sales ratio.<\/p>\n Total properties listed in\u00a0MLS\u00ae\u00a0has become 725 units in North Vancouver in April, and\u00a0326 units were sold. The sales ratio has decreased to 67.61%, and this shows a 4.53% decrease compared to March 2015. The sales in North Vancouver Detached Market has\u00a0been increasing since December 2014, and it was the second highest in last 12 month. The Most Active Price Range in April has remained at $1 million to $1.25 million with 100% sales ratio. The\u00a0Attached Market\u00a0has remained with the Sellers Market, and the sales ratio is at 33%.<\/p>\n West Vancouver Detached Market is Sellers Market now with 23% sales ratio, and the Attached Market\u00a0has remained at Sellers Market with 21% sales ratio average in April. In Detached Market, the Most Active Price Band has decreased to $1 million to $1.25 million band\u00a0with 60% sales ratio, and homes are selling on average 3% below list price. The sales price in West Vancouver Detached Market has been increasing since November 2014. In the Attached Market, the Most Active Price Range has remained at $600,000 to $700,000 with 100% 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":" Strong homebuyer demand with below average home listing activity has created seller\u2019s market conditions within the Metro Vancouver housing market in April. 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\/128"}],"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=128"}],"version-history":[{"count":4,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/128\/revisions"}],"predecessor-version":[{"id":133,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/128\/revisions\/133"}],"wp:attachment":[{"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/media?parent=128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/categories?post=128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/tags?post=128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"802_d939662b_May_2015\"](\"https:\/\/www.kanavero.com\/blog\/wp-content\/uploads\/2016\/03\/802_d939662b_May_2015.png\")
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\nSource: SnapStats Metro Vancouver Edition April 2015, SnapStats Publishing Co.<\/p>\n
\nMarket in Vancouver West<\/strong><\/p>\n
\nMarket in Vancouver East\u00a0<\/strong><\/p>\n
\nMarket in North Vancouver<\/strong><\/p>\n
\nMarket in West Vancouver<\/strong><\/p>\n