• Phone:  604-328-0077

Market Watch

 

 

October saw Greater Vancouver's Property Sales & Prices Still Trending Up

Sales edged up slightly from September but were 30% higher than a year ago.(post Foreign Buyers Tax). Compared to September, the average sale price was up slightly  in all categories and higher than a year ago.


Average Sale Price

Houses $1.799,000, up 12% over the last year

Townhomes $846,000, up 24% over the last year

Condos $686,000, up 21% over the last year




New Listings

Houses - 1842 up 15% from a year ago

Townhomes - 642, up 11% from a year ago

Condos - 1924, up 12% from a year ago

 


Total Listings

Houses - 5,865 - down 0.5% from a year ago

Townhomes - 943 - 15% lower than a year ago

Condos - 2,376 -  30% lower than a year ago

 

 


Sales to Listings Ratio

Houses 0.16 up 44% from a year ago

townhomes are 0.52, up 66% from a year ago

condos are 0.64, up 84% from a year ago

 

Sales

Houses - 955, up 43% from a year ago

Townhomes - 494, up 40% from a year ago

Condos - 1,537, up 29% from a year ago


 

 


Average Days on Market

houses 41, up 17% from a year ago

townhomes 26, up 13% from a year ago

condos 20, down 23% from a year ago


 

 


Average % of Original Price

houses 96%, 0.7% more than a year ago

townhomes 100%, 1% more than a year ago

condos101%, 2% more than a year ago



 


Dollar Volume

Houses are up 61% from a year ago, townhomes are up 75% and condos up 58%


 

 


Best Selling Price Ranges in 2017

Houses $1.3M-$1.4M

Townhomes $600,000-$800,000

Condos  $400,000-$500,000


Luxury Sales in 2017 (Over $3M)

Houses - 1,065

Townhomes -28

Condos - 84

 


search for Vancouver listings on your Virtual Office Website (VOW)!

 

P.S. You deserve to know it all! I am Seriously Local! Call Maggie Chandler 604-328-0077 today!


the above info from MLS and though deemed to be correct, should not be relied upon without verification

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