Vancouver Eastside Stats – July 2017

Inventory Sales Sales Ratio* /strong> Inventory Sales Sales Ratio*
$0 – 300,000 1 1 100% Champlain  Heights 19 14 74%
300,001 – 400,000 19 13 68% Collingwood 39 41 105%*
400,001 – 500,000 24 49 204%* Downtown 14 4 29%
500,001 – 600,000 43 33 77% Fraser 6 8 133%*
600,001 – 700,000 31 23 74% Fraserview 16 14 88%
700,001 – 800,000 33 16 48% Grandview 6 11 183%*
800,001 – 900,000 14 18 129%* Hastings 14 12 86%
900,001 – 1,000,000 8 6 75% Hastings East 2 5 250%*
1,000,001  – 1,250,000 21 14 67% Killarney 9 1 11%
1,250,001  – 1,500,000 20 8 40% Knight 11 4 36%
1,500,001  – 1,750,000 3 1 33% Main 6 4 67%
1,750,001  – 2,000,000 1 0 NA Mt Pleasant 50 52 104%*
2,000,001  – 2,250,000 2 0 NA Renfrew  Heights 0 0 NA
2,250,001  – 2,500,000 1 1 100% Renfrew 4 5 125%*
2,500,001  – 2,750,000 2 0 NA South Vancouver 0 0 NA
2,750,001  – 3,000,000 0 0 NA Victoria 29 8 28%
3,000,001  – 3,500,000 0 0 NA TOTAL 225 183 81%
3,500,001  – 4,000,000 0 0 NA
4,000,001  – 4,500,000 0 0 NA
4,500,001  – 5,000,000 1 0 NA
5,000,001 & Greater 1 0 NA
TOTAL 225 183 81%
0 to 1 Bedroom 68 80 118%*
2 Bedrooms 106 73 69%
3 Bedrooms 45 26 58%
4 Bedrooms & Greater 6 4 67%
TOTAL 225 183 81%
Median Data June July Variance
Inventory 205 225 10%
Solds 279 183 -34%
Sale Price $580,000 $565,000 -3%
Sale Price SQFT $786 $715 -9%
Sale to List Price Ratio 106% 103% -3%
Days on Market 8 9 13%

 

 Tom Ikonomou East Vancouver Realtor

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February 2017 Vancouver Market Update

Low supply continues to limit Metro Vancouver home buyers

Feb 2017 Market Update

Reluctance amongst Metro Vancouver* home sellers is impacting sale and price activity throughout the region’s housing market.

Residential home sales in the region totalled 2,425 in February 2017. This is a 41.9 per cent decrease from the record 4,172 homes sold in February 2016 and an increase of 59.2 per cent compared to January 2017 when 1,523 homes sold.

Last month’s sales were 7.7 per cent below the 10-year February sales average.

“February home sales were well below the record-breaking activity from one year ago and in line with our long-term historical average for the month,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. “Limited supply and snowy weather were two factors hampering this activity.”

New listings for detached, attached and apartment properties in Metro Vancouver totalled 3,666 in February 2017. This represents a 36.9 per cent decrease compared to the 5,812 units listed in February 2016 and an 11.4 per cent decrease compared to January 2017 when 4,140 properties were listed.

This is the lowest number of new listings registered in February since 2003.

The total number of properties currently listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver is 7,594, a four per cent increase compared to February 2016 (7,299) and a 4.9 per cent increase compared to January 2017 (7,238).

The region’s sales-to-active listings ratio for February 2017 is 31.9 per cent, a 10-point increase from January. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“While home sales are not happening at the pace we experienced last year, home seller supply is still struggling to keep up with today’s demand. This is why we’ve seen little downward pressure on home prices, particularly in the condominium and townhome markets,” Morrison said.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $906,700. This represents a 2.8 per cent decrease over the past six months and a 1.2 per cent increase compared to January 2017.

Sales of detached properties in February 2017 reached 745, a decrease of 58.1 per cent from the 1,778 detached sales recorded in February 2016. The benchmark price for detached properties is $1,474,200. This represents a 6.5 per cent decrease over the past six months and is unchanged compared to January 2017.

Sales of apartment properties reached 1,275 in February 2017, a decrease of 28.8 per cent compared to the 1,790 sales in February 2016.The benchmark price of an apartment property is $526,300. This represents a 2.3 per cent increase over the past six months and a 2.7 per cent increase compared to January 2017.

Attached property sales in February 2017 totalled 404, a decrease of 33.1 per cent compared to the 604 sales in February 2016. The benchmark price of an attached unit is $675,500. This represents a 0.3 per cent decrease over the past six months and a 1.3 per cent increase compared to January 2017.

Craig Munn

Manager, Communication
Real Estate Board of Greater Vancouver
604.730.3146
cmunn@rebgv.org

*Editor’s Note

Areas covered by the Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, Pitt Meadows, Maple Ridge, and South Delta.

The Real Estate Board of Greater Vancouver is an association representing more than 13,400 REALTORS® and their companies. The Board provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.rebgv.org.

Vancouver Home Sales

SEPTEMBER 2018 MARKET UPDATE.
Vancouver West – Detached                           Vancouver East – Detached
 
Market Type:  5% Buyers Market Type:   9% Buyers
# Active Listings  781 # Active Listings  786
# Listings Sold 36 # Listings Sold  72
Average List Price $3,700,013 Average List Price $1,703,402
Average Sale Price $3,417,306 Average Sale Price $1,636,233
Av Days on Market 49 Av Days on Market 38
List/Sale Price Ratio 92.3% List/Sale Price Ratio 96.0%
# Months of Invent 21.7 # Months of Invent 10.7
To see how these numbers affect your homes value., Call Tom direct 778.879.8366

 

 

Vancouver

Vancouver RealtorVancouver Residential Market Stats

Click HERE to go direct to your Neighbourhood. Get access to resources, property info, news & updates via electronic messaging. You may withdraw consent anytime. We take your privacy seriously. For market stats specific to your home and area call Tom Ikonomou direct at 778.879.8366 or reach out to us HERE

To View all detached homes currently for sale click HERE

To View all attached homes currently for sale click HERE

Vancouver Westside

Vancouver Westside Market Stats

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Tom Ikonomou direct at 778.879.8366 or reach out to us HERE

For all detached homes for sale in this area click HERE

For all attached homes for dale in this area click HERE

Kerrisdale

Location

Kerrisdale is located in Vancouver’s West side and boarders West 37th Ave at the North, West 49th Ave at the South, Cypress Street at the East and Blenheim Street at the West.

Kerrisdale Market Stats

Kerrisdale Schools

Kerrisdale is home to Kerrisdale Elementary SchoolKerrisdale AnnexMaple Grove Elementary SchoolDr. R. E. McKechnie Elementary School, and Quilchena Elementary School, as well as Magee Secondary SchoolPrince of Wales Secondary School and Point Grey Secondary School.

Crofton House School, a private school for girls, is on the western edge of the neighbourhood, next to Dunbar-Southlands.

 

Click HERE to go direct to your Neighbourhood. Get access to resources, property info, news & updates via electronic messaging. You may withdraw consent anytime. We take your privacy seriously. For market stats specific to your home and area call
Tom Ikonomou direct at 778.879.8366 or reach out to us HERE

For all detached homes for sale in this area click HERE

For all attached homes for sale in this area click HERE

To visit the Kerrisdale neighbourhood facebook page click HERE

 

 

Greater Vancouver Real Estate Statistics

Vancouver Realtor


Get access to resources, property info, news & updates via electronic messaging. You may withdraw consent anytime. We take your privacy seriously. For market stats specific to your home and area call Tom Ikonomou direct at 778.879.8366 or reach out to us here