The\u00a0total number of properties currently listed for sale on MLS\u00ae\u00a0system in Downtown Vancouver is 930\u00a0and 230 homes were sold in July.\u00a0The new listing in July 2014 shows a 0.5%\u00a0decrease compared to July 2013, and a 5.9% decrease compared to June 2014. The sales-to-inventory ratio currently sits at 24.7% average in the Sellers Market, which means 2.4 in 10 homes are selling. This states the 1.9% decreased from 26.6% recorded in June.<\/p>\n
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The median sales price has rapidly decreased to $498,750 in July 2014, and the price is around the\u00a0average price in past 12 month. Homes are currently selling on the average of 6% below their listing price. The Most Active Price Range is in between $0 to $300,000 at 40.48% sales ratio as well as $1.5 million to $1.75 million at 23.81% sales ratio. The Sellers Best Bet is homes in Westend, 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 3 bedrooms properties.<\/p>\n
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From the 13 Month Market Trend figure below, sales price\u00a0in Downtown Vancouver\u00a0has been\u00a0decreasing since July 2014, and we see quick drop in Seller and Buyer activity in the end of summer.<\/p>\n
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Source: SnapStats Metro Vancouver Edition July 2014, 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 350 units from 1850 listings. This represents a 14.6% decrease in sales from July 2014, and Detached and Attached properties in west side has 18.7% average sales ratio. The Vancouver West\u00a0Detached Market\u00a0is facing Balanced Market at 17% sales ratio average. The Most Active Price Band in the Detached Market has shifted up to $1.5 to $1.75 million with 51.52% ratio and $2.5 to $2.75 million range with 30% sales ratio and\u00a0Attached Market\u00a0has shifted up to $1.5 million to $1.75 million range.<\/p>\n <\/p>\n Market in Vancouver East\u00a0<\/strong><\/p>\n New listings in Vancouver East reached 1,049 units and sales are totalled 344 in July. Detached Market is facing Sellers Market with 36% sales ratio and the market is the most active at $800,000 to $900,000 with 65.5% sales ratio. The Homes are sold at $969,000 average, and the price is the second highest since July 2013. The sales price\u00a0of Attached Market in\u00a0Vancouver East has recorded $395,000 which is also the second highest in past 12 months trends. Attached Market is facing Sellers Market at 30% sales ratio, and the most active at $600,000 to $700,000 with 59% sales ratio.<\/p>\n <\/p>\n Market in North Vancouver<\/strong><\/p>\n Total properties listed in\u00a0MLS\u00ae\u00a0has become 891 units in North Vancouver in July, and\u00a0218 units were sold. The sales ratio has increased to 27.5%, and this shows a 3.3% decrease compared to June 2014. The number of sold\u00a0properties is\u00a0the second highest since July 2013 in North Vancouver Attached Market. The most active price range is in between $800,000 to $900,000 with 100% sales ratio in Detached Market. The\u00a0Attached Market\u00a0has changed back to the Balanced Market and the sales ratio is at 18%, which shows 4.9% dropped from June of 22.9%.<\/p>\n <\/p>\n Market in West Vancouver<\/strong><\/p>\n Both Detached Market\u00a0and\u00a0Attached Market\u00a0is now facing Buyers Market with 13% sales ratio average in July. In Detached Market, the Most Active Price Band has shifted down to $1.25 million to $1.5 million band\u00a0with 27% sales ratio, and the number of sold properties is the second highest in last 6 months. The Attached Market in West Vancouver is less active compared to June. The Market has changed to Buyers Market and the most active range has remained at $800,000 to $900,000 with 33% sales.<\/p>\n <\/p>\n For More Information, Please Visit Our Office or Contact Us.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The Greater Vancouver housing market continues to see slightly elevated demand from buyers and steady levels of supply from sellers. The latest SnapStats reports that residential\u00a0property listings in Downtown Vancouver, … [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\/97"}],"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=97"}],"version-history":[{"count":1,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/97\/revisions"}],"predecessor-version":[{"id":99,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/posts\/97\/revisions\/99"}],"wp:attachment":[{"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/media?parent=97"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/categories?post=97"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kanavero.com\/blog\/wp-json\/wp\/v2\/tags?post=97"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"802_d834e9ac_Screen_Shot_2014-08-05_at_11.35.26_AM\"](\"https:\/\/www.kanavero.com\/blog\/wp-content\/uploads\/2016\/03\/802_d834e9ac_Screen_Shot_2014-08-05_at_11.35.26_AM.png\")
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