The\u00a0total number of properties currently listed for sale on MLS\u00ae\u00a0system in Downtown Vancouver is 1,003\u00a0and 235 homes were sold in May.\u00a0The new listing in May 2014 shows a 2.1%\u00a0decline compared to May 2013, and a 2.3% increase compared to April 2014. The sales-to-inventory ratio currently sits at 23.4% average in the Sellers Market, which means 2.3 in 10 homes are selling. This states the 1.5% decline from 24.9% in April.<\/p>\n
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The median sales price has increased to $503,000 in May 2014, and the price is the second\u00a0highest this measure has been since May 2013. Homes are currently selling on the average of 3.1% below their listing price. The Most Active Price Range is in between $0 to $300,000 at 43% sales ratio as well as $2 million to $2.25 million at 33% 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 $800,000 to $900,000; $1.75 million to $2 million, Coal Harbour area and minimum 4 bedrooms.<\/p>\n
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From the 13 Month Market Trend figure below, inventory\u00a0in Downtown Vancouver\u00a0has been\u00a0increasing since the beginning of 2014, and we see a steady increase in Seller and Buyer activity in this Spring 2014.<\/p>\n
Source: SnapStats Metro Vancouver Edition May 2014, 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 425 units, which is the highest in the last 12 months trends. This represents a 12.7% increase from April 2014, and we see a rapid growth in the home buyers demand. The Vancouver West\u00a0Detached Market\u00a0has changed from Balanced to Sellers Market at 24% sales ratio average. The Most Active Price Band in the Detached Market is still at $1.25 to $1.5 million with 30% ratio and $2 to $2.5 million range with 70% sales ratio and\u00a0Attached Market\u00a0has moved up from ‘$0 to $300,000’ to ‘$300,000 to $400,000’ range.<\/p>\n <\/p>\n Market in Vancouver East\u00a0<\/strong><\/p>\n New listings in Vancouver East reached 1,095 units and sales are totalled 349 in May. The number of\u00a0sales\u00a0in both\u00a0Detached and Attached Market in\u00a0Vancouver East has recorded the highest in past 12 months trends. Detached Market is now facing Sellers Market. The sales ratio has dropped to 36% average and the market is the most active at $800,000 to $900,000 with 61.4% sales ratio. Homes are selling on average at 2% below list price. Attached Market is also facing Sellers Market at 29% sales ratio, and the most active at $500,000 to $600,000 with 40.9% sales ratio.<\/p>\n <\/p>\n Market in North Vancouver\u00a0<\/strong><\/p>\n Total properties listed in\u00a0MLS\u00ae\u00a0 has become 1,016 units in North Vancouver in May, and \u00a0274 units were sold. The sales ratio has increased to 26.9%, and this shows a 2.5% increase compared to April 2014. The number of sold\u00a0properties is\u00a0the highest since May 2013 in North Vancouver. The Sellers Best Bet area is still remaining at Lynn Valley and Westlynn in\u00a0Detached Market, and the most active price range is in between $800,000 to $900,000 with 61% sales ratio.\u00a0The\u00a0Attached Market\u00a0is the Balanced Market at 20% sales ratio now, which is 3% higher compare to April of 17%.<\/p>\n <\/p>\n Market in West Vancouver\u00a0<\/strong><\/p>\n The sales ratio for both\u00a0Detached Market\u00a0and\u00a0Attached Market\u00a0has decreased in May,\u00a0and both have\u00a0more\u00a0inventories in their market now. In Detached Market, the Most Active Price Band has moved down to $1.25 million to $1.5 million band\u00a0with 34% sales ratio, and the number of sold properties is the highest in last 12 months. The Attached Market in West Vancouver has no significant change from April. The Market is Buyers Market at 14% sales ratio and the homes are selling on average at 4% below list price.<\/p>\n <\/p>\n For More Information, Please Visit Our Office or Contact Us.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" In May 2014, more home buyer demand today than last 12 months in the Greater Vancouver. The latest SnapStats reports that residential\u00a0property listings in Downtown Vancouver, Vancouver West, Vancouver East, … [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\/86"}],"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=86"}],"version-history":[{"count":5,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/86\/revisions"}],"predecessor-version":[{"id":92,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/86\/revisions\/92"}],"wp:attachment":[{"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/media?parent=86"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/categories?post=86"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/tags?post=86"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"802_063fa378_Screen_Shot_2014-06-05_at_10.43.08_AM\"](\"https:\/\/www.kanavero.com\/blog\/wp-content\/uploads\/2016\/03\/802_063fa378_Screen_Shot_2014-06-05_at_10.43.08_AM.png\")
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