The\u00a0total number of properties currently listed for sale on MLS\u00ae\u00a0system in Downtown Vancouver is 530 and 300 homes were sold in August.\u00a0The Sales Price recorded in August is the highest in past 12 month. The number of properties listed has decreased 10.7% compared to July 2015. The sales-to-inventory ratio currently sits at 56.60% average in the Sellers Market, which means 5.6 in 10 homes are selling. This states a 1.97% increased from 54.63% recorded in July.<\/p>\n
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The median sales price increased 0.88% from July 2015 to $570,000. Homes are currently selling on the average 3% below their listing price. The Most Active Price Range is in between $400,000 to $500,000 at 100% sales ratio as well as $1.75 million to $2 million at 67% sales ratio. The Sellers Best Bet is homes in Downtown, Yaletown and up to 2 bedroom properties. The Buyers Best Bet is the following: Homes between $0 to $300,000; $2.25 to $2.5 million, Coal Harbor, Westend and 2 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 August 2015.<\/p>\n
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Source: SnapStats Metro Vancouver Edition August 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 447 units out of 1,250 listings. This represents a 3% decrease in sales from July 2015, and Detached and Attached properties in Westside have 35.1% average sales ratio. The Vancouver West\u00a0Detached Market\u00a0is facing Sellers Market at 26% average sales ratio. The Most Active Price Band in the Detached Market has increased to $1.5 to $1.75 million with 100% ratio and $2.5 to $2.75 million range with 55% sales ratio, and\u00a0Attached Market active price band\u00a0has decreased to $300,000 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<\/strong><\/p>\n New listings in Vancouver East reached 807 units and sale totalled 290 in August. Detached Market is facing Sellers Market with 36% sales ratio and the market is the most active at $1 million to $1.25 million with 63% sales ratio, which means 6.3 in 10 homes are sold. The Homes are sold at $1,293,500, and the price is the highest in past 12 months. The inventory of the Attached Market in\u00a0Vancouver East reached 424, and 151 homes were sold. Homes are selling on average 1% above list price. The market is facing Sellers Market at 36% sales ratio, and the most active at $400,000 to $500,000 with 50% sales ratio.<\/p>\n <\/p>\n Market in North Vancouver<\/strong><\/p>\n Total properties listed in\u00a0MLS\u00ae\u00a0has become 480 units in North Vancouver in August, and\u00a0218 units are sold. The sales ratio has increased to 63.51%, and this shows a 2.46% increase compared to August 2015. The sales price has\u00a0been increasing since January 2015 in North Vancouver Detached Market, and it was the highest in last 12 month. The Most Active Price Range in August has increased at $1.5 million to $1.75 million with 100% sales ratio. The\u00a0Attached Market\u00a0has remained at the Sellers Market, and the sales ratio is at 37%.<\/p>\n <\/p>\n Market in West Vancouver<\/strong><\/p>\n West Vancouver Detached Market is Balanced Market now with 19% sales ratio, and the Attached Market\u00a0has remained at Balanced Market with 16% sales ratio average in August. In Detached Market, the Most Active Price Band has decreased to $1.5 million to $1.75 million band\u00a0with 73% sales ratio, and homes are selling on average 7% below list price. In the Attached Market, the Most Active Price Range has increased to $1.25 million to $1.5 million with 27 % 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":" Metro Vancouver home buyers spent the\u00a0summer months searching for their next home. Between June and August, home sales were\u00a0between 25 and 30 per cent above the ten-year sales average. 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\/144"}],"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=144"}],"version-history":[{"count":1,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/144\/revisions"}],"predecessor-version":[{"id":146,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/144\/revisions\/146"}],"wp:attachment":[{"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/media?parent=144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/categories?post=144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/tags?post=144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"802_ba105626_Aug\"](\"https:\/\/www.kanavero.com\/blog\/wp-content\/uploads\/2016\/03\/802_ba105626_Aug.png\")
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