The\u00a0total number of properties currently listed for sale on MLS\u00ae\u00a0system in Downtown Vancouver is 734\u00a0and 280 homes were sold in May.\u00a0The number of sales recorded in May is the highest in past 6 month. The number of listing properties has decreased 0.8% compared to April 2015. The sales-to-inventory ratio currently sits at 38.15% average in the Sellers Market, which means 3.8 in 10 homes are selling. This states the 0.59% increased from 38.74% recorded in April.<\/p>\n
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The median sales price increased 0.53% from April 2015 to $517,500. Homes are currently selling on the average of 1% below their listing price. The Most Active Price Range is in between $300,000 to $500,000 at 57% sales ratio as well as $2.75 million to $3 million at 36% 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 and minimum 4 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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<\/p>\n Market in Vancouver West\u00a0<\/strong><\/p>\n Sales for both Detached and Attached properties in Vancouver West totalled 512 units out of 1,520 listings. This represents a 0% increase in sales from April 2015, and Detached and Attached properties in Westside have 33.52% 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 increased to $1.5 to $1.75 million with 87% ratio and $2 to $2.25 million range with 82% sales ratio, and\u00a0Attached Market active price band\u00a0has increased at $400,000 to $500,000 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\u00a0<\/strong><\/p>\n New listings in Vancouver East reached 836 units and sales are totalled 427 in May. Detached Market is facing Sellers Market with 57% sales ratio and the market is the most active at $900,000 to $1.25 million with 81% sales ratio, which means 8.1 in 10 homes are sold. The Homes are sold at $1,200,000, and the price is the highest in past 12 months. The inventory of the Attached Market in\u00a0Vancouver East reached 479, and 223 homes were sold. Homes are selling on average at listing price. The market is facing Sellers Market at 47% sales ratio, and the most active at $600,000 to $700,000 with 100% sales ratio.<\/p>\n <\/p>\n Market in North Vancouver<\/strong><\/p>\n Total properties listed in\u00a0MLS\u00ae\u00a0has become 720 units in North Vancouver in May, and\u00a0316 units were sold. The sales ratio has decreased to 59.27%, and this shows a 10.37% decrease compared to April 2015. The sales price has\u00a0been increasing since January 2015 in North Vancouver Detached Market, and it was the second highest in last 12 month. The Most Active Price Range in May has decreased at $800,000 to $900,000 with 84% sales ratio. The\u00a0Attached Market\u00a0has remained at the Sellers Market, and the sales ratio is at 36%.<\/p>\n <\/p>\n Market in West Vancouver<\/strong><\/p>\n West Vancouver Detached Market is Sellers Market now with 21% sales ratio, and the Attached Market\u00a0has remained to Sellers Market with 33.33% sales ratio average in May. In Detached Market, the Most Active Price Band has increased to $2 million to $2.25 million band\u00a0with 86% sales ratio, and homes are selling on average 4% below list price. In the Attached Market, the Most Active Price Range has increased to $1 million to $1.25 million with 67% sales ratio.<\/p>\n <\/p>\n For More Information, Please Visit Our Office or Contact Us.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The market continues to be a competitive spring market for Metro Vancouver home buyers. This competition continues to put upward pressure on home prices, particularly in the detached home market. … [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\/134"}],"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=134"}],"version-history":[{"count":2,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/134\/revisions"}],"predecessor-version":[{"id":152,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/134\/revisions\/152"}],"wp:attachment":[{"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/media?parent=134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/categories?post=134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/tags?post=134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"802_4c17b7b9_June_2015\"](\"https:\/\/www.kanavero.com\/blog\/wp-content\/uploads\/2016\/03\/802_4c17b7b9_June_2015.png\")
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\nSource: SnapStats Metro Vancouver Edition May 2015, SnapStats Publishing Co.<\/p>\n