Steady Increases in Home Sales and Listing Activity Continue – Vancouver Real Estate Market Report June 2020

The Vancouver Real Estate Market Report June 2020 in Metro Vancouver, reported sales in June 2020 wer 21.9% below the 10 year June sales average. The sales-to-active listings ratio for June 2020 in Vancouver was 21.4%. By property type, Detached Homes: 19.9%, Townhouses: 25.2%, and Condos: 21.3%. Analysts suggest downward pressure on home prices occur when the ratio falls below the 12% mark for a sustained period. And an upward pressure when it remains over 20%.

Total number of properties listed for sale in June 2020 reached 11,424 on the MLS in Metro Vancouver. The MLS saw a decrease of 23.7% compared to June 2019 (14,968) and a 15.1% increase compared to May 2020 (9,927).

A Look at the Vancouver Housing Stats

Your Vancouver Real Estate Market Report June 2020 median sales price of Condos in Vancouver is at $836,164 up 4.6% from a year ago. Townhouses in Vancouver median sales price $1,194,556 up 17% from a year ago.  Detached Homes in Vancouver median sales price is $2,378,286 up 7.9% from a year ago. Total June 2020 inventory: Vancouver Condos 1,930 down 17.1% from a year ago. Vancouver Townhouses 283 down 30.6% from a year ago, and Vancouver Detached Homes 935 down 37.9% from a year ago.  The average time a Vancouver property was on the market is 30 days, down 16.7% from a year ago.

Home sales for Vancouver Real Estate Market Report June 2020 as reported by Colette Gerber, REBGV president.

“REALTORS® continue to optimize new technology tools and practices to help their clients meet their housing needs in a safe and responsible way,” Colette Gerber, REBGV Chair said “Over the last three months, home buyers and sellers have become more comfortable operating within the physical distancing and other safety protocols in place.”

Vancouver Houses to Keep an Eye on

Select pockets on the Westside Vancouver are taking longer to sell these days, and I know that some great deals will happen here. Keep your eyes open for Hot-Spot homes in the Kitsilano and Grandview Woodland areas as sellers are competing to sell. Want a great neighbourhood and amazing schools, these areas will suit your needs completely.

Vancouver Housing Statistics That are Important to You

The Townhouse Market HPI - Live Feed

Average Days on Market - All Properties

What Does this All Mean – Vancouver Real Estate Market Report June 2020?

Analyzing all this data can be confusing, and each neighbourhood is going to be different.  Let me be your guide to understanding the Vancouver real estate market and your neighbourhood much better with my detailed reports.  Reach out to me now to help you with your real estate needs.

What Does this Mean if you are Buying a Property in Vancouver?

In Vancouver these days, purchasing a property can be challenging with all the elements and processes. Condos and Townhouses are all returning to a balanced market these days. Buyers are taking their time to purchase however when there are great deals seen out there, buyers are pulling the trigger quickly to avoid multiple offers.

With having an ample supply of statistics for sold and active properties, I can best help you with an offering price that would most likely get you the property you want – on your terms and conditions. Let’s start this process today, reach out to me now to discuss your options.

Real Estate Terms You Should Know

Not Your ‘Average’ Price

The HPI benchmarks represent the price of a typical property within each market. The HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. These features become the composite of the ‘typical house’ in a given area.

Each month’s sales determine the current prices paid for bedrooms, bathrooms, fireplaces, etc. and apply those new values to the ‘typical’ house model.

Get in Touch with Andrew Now… Quick and Easy!

COVID-19? Where? Prices Remain Steady- Vancouver Real Estate Market Report May 2020

The Vancouver Real Estate Market Report May 2020 in Metro Vancouver, reported sales in May 2020 wer 54.4% below the 10 year May sales average. The sales-to-active listings ratio for May 2020 in Vancouver was 15.1%. By property type, Detached Homes: 13.2%, Townhouses: 18.5%, and Condos: 15.6%. Analysts suggest downward pressure on home prices occur when the ratio falls below the 12% mark for a sustained period. And an upward pressure when it remains over 20%.

Total number of properties listed for sale in May 2020 reached 9,927 on the MLS in Metro Vancouver. The MLS saw a decrease of 32.4% compared to May 2019 (14,685) and a 5.7% increase compared to April 2020 (9,389).

A Look at the Vancouver Housing Stats

Your Vancouver Real Estate Market Report May 2020 median sales price of Condos in Vancouver is at $689,000 up 5.2% from a year ago. Townhouses in Vancouver median sales price $1,127,500 up 12.8% from a year ago.  Detached Homes in Vancouver median sales price is $1,975,000 up 18.8% from a year ago. Total May 2020 inventory: Vancouver Condos 1,632 down 30.3% from a year ago. Townhouses 249 down 39.6% from a year ago, and detached homes 878 down 42.0% from a year ago.  The average time a Vancouver property was on the market is 46 days, up 7% from a year ago.

Home sales for Vancouver Real Estate Market Report May 2020 as reported by Colette Gerber, REBGV president.

“Home prices have been stable during the COVID-19 period,” Colette Gerber, REBGV Chair said. “While we’re seeing a variety of long-term projections for the market, it’s critical to understand the facts and trends as they emerge.”

Vancouver Houses to Keep an Eye on

Select pockets on the Westside Vancouver are taking longer to sell these days, and I know that some great deals will happen here. Keep your eyes open for Hot-Spot homes in the Kitsilano and Grandview Woodland areas as sellers are competing to sell. Want a great neighbourhood and amazing schools, these areas will suit your needs completely.

Vancouver Housing Statistics That are Important to You

The Townhouse Market HPI – Live Feed

Average Days on Market – All Properties

What Does this All Mean – Vancouver Real Estate Market Report May 2020?

Analyzing all this data can be confusing, and each neighbourhood is going to be different.  Let me be your guide to understanding the Vancouver real estate market and your neighbourhood much better with my detailed reports.  Reach out to me now to help you with your real estate needs.

What Does this Mean if you are Buying a Property in Vancouver?

In Vancouver these days, purchasing a property can be challenging with all the elements and processes. Condos and Townhouses were in the hot seat a couple years ago. Now, 2 out of every 10 condos are selling these days. Detached single family home sales have slowed down with 2 out of every 10 houses selling. All buyers are able to be more selective with the homes they want, knowing there is less competition out there. This forces sellers to have their home in tip-top condition to compete with the additional home inventory.

With having an ample supply of statistics for sold and active properties, I can best help you with an offering price that would most likely get you the property you want – on your terms and conditions. Let’s start this process today, reach out to me now to discuss your options.

What Does this Mean if you are Selling a Property in Vancouver?

Think back to 6  years ago when anything and everything that went on the market for detached single family homes, sold. The market has changed today, many home-owners are now staging their property to get its full potential value. On average, detached single family homes are selling for 95.3% of the asking price. Condos and Townhouses are selling on average 96.7% of asking price. Condos are experiencing more interest than detached single family houses due to affordability.

Realtors® have to be diligent with having proven Marketing skills and techniques to maneuver through the many facets of home selling, it’s not as easy as just putting a sign on the lawn expecting a mad rush of buyers at an open house these days.  Relying on and trusting your Realtor® to get you the most amount of money is critical for you to ensure you move on to where you need to go.

It all starts with me understanding your needs. Read up on some of my client’s reviews for my performance. Want to know how my Proven Marketing Plan works, let’s meet to discuss. No two transactions are alike, and you need someone who’s on the top of their game to help you. Contact me today to start this process, Find out what your home is worth.

Real Estate Terms You Should Know

Not Your ‘Average’ Price

The HPI benchmarks represent the price of a typical property within each market. The HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. These features become the composite of the ‘typical house’ in a given area.

Each month’s sales determine the current prices paid for bedrooms, bathrooms, fireplaces, etc. and apply those new values to the ‘typical’ house model.

Get in Touch with Andrew Now… Quick and Easy!

Home Buyers and Sellers Adjust their Activities Amid COVID-19 – Vancouver Real Estate Market Report March 2020

The Vancouver Real Estate Market Report March 2020 in Metro Vancouver, reported sales in March 2020 was 19.9% below the 10 year March sales average. The sales-to-active listings ratio for March 2020 in Vancouver was 29.0%. By property type, Detached Homes: 24.3%, Townhouses: 29.3%, and Condos: 31.3%. Analysts suggest downward pressure on home prices occur when the ratio falls below the 12% mark for a sustained period. And an upward pressure when it remains over 20%.

Total number of properties listed for sale in March 2020 reached 9,606 on the MLS in Metro Vancouver. The MLS saw a decrease of 24.8% compared to March 2019 (12,774) and a 4.5% increase compared to February 2020 (9,195).

A Look at the Vancouver Housing Stats

Your Vancouver Real Estate Market Report March 2020 median sales price of Condos in Vancouver is at $712,000 up 3.4% from a year ago. Townhouses in Vancouver median sales price $1,150,000 up 21.7% from a year ago.  Detached Homes in Vancouver median sales price is $2.188,000 up 5.8% from a year ago. Total March 2020 inventory: Vancouver Condos 1,427 down 29.6% from a year ago. Townhouses 242 down 26.9% from a year ago, and detached homes 888 down 36.7% from a year ago.  The average time a Vancouver property was on the market is 30 days, zero change from a year ago.

Home sales for Vancouver Real Estate Market Report March 2020 as reported by Ashley Smith, REBGV president.

“The first two weeks of the month were the busiest days of the year for our region with heightened demand and multiple offers becoming more common,” Ashley Smith, REBGV president said, “Like other aspects of our lives, this changed as concerns over the COVID-19 situation in our province grew.”

Vancouver Houses to Keep an Eye on

Select pockets on the Westside Vancouver are taking longer to sell these days, and I know that some great deals will happen here. Keep your eyes open for Hot-Spot homes in the Dunbar and Collingwood areas as sellers are competing to sell. Want a great neighbourhood and amazing schools, these areas will suit your needs completely.

Vancouver Housing Statistics That are Important to You

The Townhouse Market HPI – Live Feed

Average Days on Market – All Properties

What Does this All Mean – Vancouver Real Estate Market Report March 2020?

Analyzing all this data can be confusing, and each neighbourhood is going to be different.  Let me be your guide to understanding the Vancouver real estate market and your neighbourhood much better with my detailed reports.  Reach out to me now to help you with your real estate needs.

What Does this Mean if you are Buying a Property in Vancouver?

In Vancouver these days, purchasing a property can be challenging with all the elements and processes. Condos and Townhouses were in the hot seat a couple years ago. Now, 3 out of every 10 condos are selling these days. Detached single family home sales have slowed down with 2 out of every 10 houses selling. All buyers are able to be more selective with the homes they want, knowing there is less competition out there. This forces sellers to have their home in tip-top condition to compete with the additional home inventory.

With having an ample supply of statistics for sold and active properties, I can best help you with an offering price that would most likely get you the property you want – on your terms and conditions. Let’s start this process today, reach out to me now to discuss your options.

What Does this Mean if you are Selling a Property in Vancouver?

Think back to 6 years ago when anything and everything that went on the market for detached single family homes, sold. The market has changed today, many home-owners are now staging their property to get its full potential value. On average, detached single family homes are selling for 97.1% of the asking price. Condos and Townhouses (99.4%) are experiencing more interest than detached single family houses due to affordability.

Realtors® have to be diligent with having proven Marketing skills and techniques to maneuver through the many facets of home selling, it’s not as easy as just putting a sign on the lawn expecting a mad rush of buyers at an open house these days.  Relying on and trusting your Realtor® to get you the most amount of money is critical for you to ensure you move on to where you need to go.

It all starts with me understanding your needs. Read up on some of my client’s reviews for my performance. Want to know how my Proven Marketing Plan works, let’s meet to discuss. No two transactions are alike, and you need someone who’s on the top of their game to help you. Contact me today to start this process, Find out what your home is worth.

Real Estate Terms You Should Know

Not Your ‘Average’ Price

The HPI benchmarks represent the price of a typical property within each market. The HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. These features become the composite of the ‘typical house’ in a given area.

Each month’s sales determine the current prices paid for bedrooms, bathrooms, fireplaces, etc. and apply those new values to the ‘typical’ house model.

Get in Touch with Andrew Now… Quick and Easy!

Home Sales Return to Historically Typical Levels – Vancouver Real Estate Market Report December 2019

The Vancouver Real Estate Market Report December 2019 in Metro Vancouver, reported sales in 2019, increased 3% from 2018. The sales-to-active listings ratio for December 2019 in Vancouver was 24.6%. By property type, Detached Homes: 15.4%, Townhouses: 21.5%, and Condos: 36.1%. Analysts suggest downward pressure on home prices occur when the ratio falls below the 12% mark for a sustained period. And an upward pressure when it remains over 20%.

Total number of properties listed for sale in December 2019 reached 8,603 on the MLS in Metro Vancouver. The MLS saw a decrease of 16.3% compared to December 2018 (10,275) and a 20.1% decrease compared to November 2019 (10,770).

A Look at the Vancouver Housing Stats

Your Vancouver Real Estate Market Report December 2019 median sales price of Condos in Vancouver is at $708,500 up 4.2% from a year ago. Townhouses in Vancouver median sales price $1,036,000 up 1.1% from a year ago.  Detached Homes in Vancouver median sales price is $1,860,000 down 7% from a year ago. Total December 2019 inventory: Vancouver Condos 1,132 down 21.8% from a year ago. Townhouses 219 down 3.1% from a year ago, and detached homes 866 down 26.5% from a year ago.  The average time a Vancouver property was on the market is 47 days, up 9.3% from a year ago.

Home sales for Vancouver Real Estate Market Report December 2019 as reported by Ashley Smith, REBGV president.

“We didn’t see typical seasonal patterns in 2019. Home buyer demand was quieter in the normally busy spring season and it picked up in the second half of the year,” Ashley Smith, REBGV president said. “In terms of home values, prices dipped between two and four per cent across the region last year depending on property type.”

Vancouver Houses to Keep an Eye on

Select pockets on the Westside Vancouver are taking longer to sell these days, and I know that some great deals will happen here. Keep your eyes open for Hot-Spot homes in the Dunbar and Collingwood areas as sellers are competing to sell. Want a great neighbourhood and amazing schools, these areas will suit your needs completely.

Vancouver Housing Statistics That are Important to You

The Townhouse Market HPI – Live Feed

Average Days on Market – All Properties

What Does this All Mean – Vancouver Real Estate Market Report December 2019?

Analyzing all this data can be confusing, and each neighbourhood is going to be different.  Let me be your guide to understanding the Vancouver real estate market and your neighbourhood much better with my detailed reports.  Reach out to me now to help you with your real estate needs.

What Does this Mean if you are Buying a Property in Vancouver?

In Vancouver these days, purchasing a property can be challenging with all the elements and processes. Condos and Townhouses were in the hot seat a couple years ago. Now, 2 out of every 10 condos are selling these days. Detached single family home sales have slowed down with 1 out of every 10 houses selling. All buyers are able to be more selective with the homes they want, knowing there is less competition out there. This forces sellers to have their home in tip-top condition to compete with the additional home inventory.

With having an ample supply of statistics for sold and active properties, I can best help you with an offering price that would most likely get you the property you want – on your terms and conditions. Let’s start this process today, reach out to me now to discuss your options.

What Does this Mean if you are Selling a Property in Vancouver?

Think back to 5 years ago when anything and everything that went on the market for detached single family homes, sold. The market has changed today, many home-owners are now staging their property to get its full potential value. On average, detached single family homes are selling for 94.1% of the asking price. Condos and Townhouses (97%) are experiencing more interest than detached single family houses due to affordability.

Realtors® have to be diligent with having proven Marketing skills and techniques to maneuver through the many facets of home selling, it’s not as easy as just putting a sign on the lawn expecting a mad rush of buyers at an open house these days.  Relying on and trusting your Realtor® to get you the most amount of money is critical for you to ensure you move on to where you need to go. 

It all starts with me understanding your needs. Read up on some of my client’s reviews for my performance. Want to know how my Proven Marketing Plan works, let’s meet to discuss. No two transactions are alike, and you need someone who’s on the top of their game to help you. Contact me today to start this process, Find out what your home is worth.

Real Estate Terms You Should Know

Not Your ‘Average’ Price

The HPI benchmarks represent the price of a typical property within each market. The HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. These features become the composite of the ‘typical house’ in a given area.

Each month’s sales determine the current prices paid for bedrooms, bathrooms, fireplaces, etc. and apply those new values to the ‘typical’ house model.

Get in Touch with Andrew Now… Quick and Easy!

Home sales for Vancouver Real Estate Market Report November 2019 as reported by Ashley Smith, REBGV president.

“We started to see more home buyer confidence in the summer and this trend continues today,” says Ashley Smith, REBGV president. “It’ll be important to watch home listing levels over the next few months to see if supply can stay in line with home buyer demand.”

Home Sales Return to Historically Typical Levels – Vancouver Real Estate Market Report November 2019

A Look at the Vancouver Housing Stats

Vancouver Houses to Keep an Eye on

Select pockets on the Westside Vancouver are taking longer to sell these days, and I know that some great deals will happen here. Keep your eyes open for Hot-Spot homes in the Dunbar and Collingwood areas as sellers are competing to sell. Want a great neighbourhood and amazing schools, these areas will suit your needs completely.

Vancouver Housing Statistics That are Important to You

The Townhouse Market HPI – Live Feed

Average Days on Market – All Properties

What Does this All Mean – Vancouver Real Estate Market Report November 2019?

Analyzing all this data can be confusing, and each neighbourhood is going to be different.  Let me be your guide to understanding the Vancouver real estate market and your neighbourhood much better with my detailed reports.  Reach out to me now to help you with your real estate needs.

What Does this Mean if you are Buying a Property in Vancouver?

In Vancouver these days, purchasing a property can be challenging with all the elements and processes. Condos and Townhouses were in the hot seat for the last year. Now, 2 out of every 10 condos are selling these days. Detached single family home sales have slowed down with 1 out of every 10 houses selling. All buyers are able to be more selective with the homes they want, knowing there is less competition out there. This forces sellers to have their home in tip-top condition to compete with the additional home inventory.

With having an ample supply of statistics for sold and active properties, I can best help you with an offering price that would most likely get you the property you want – on your terms and conditions. Let’s start this process today, reach out to me now to discuss your options.

What Does this Mean if you are Selling a Property in Vancouver?

Think back to 4 years ago when anything and everything that went on the market for detached single family homes, sold. The market has changed today, many home-owners are now staging their property to get its full potential value. On average, detached single family homes are selling for 95.3% of the asking price. Condos and Townhouses (96.4%) are experiencing more interest than detached single family houses due to affordability.

Realtors have to be diligent with having proven Marketing skills and techniques to maneuver through the many facets of home selling, it’s not as easy as just putting a sign on the lawn expecting a mad rush of buyers at an open house these days.  Relying on and trusting your realtor to get you the most amount of money is critical for you to ensure you move on to where you need to go.  It all starts with me understanding your needs. Read some of my client’s reviews for my performance. Want to know how my Proven Marketing Plan works, let’s meet to discuss. No two transactions are alike, and you need someone who’s on the top of their game to help you. Contact me today to start this process, Find out what your home is worth.

Real Estate Terms You Should Know

Not Your ‘Average’ Price

The HPI benchmarks represent the price of a typical property within each market. The HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. These features become the composite of the ‘typical house’ in a given area.

Each month’s sales determine the current prices paid for bedrooms, bathrooms, fireplaces, etc. and apply those new values to the ‘typical’ house model.

Get in Touch with Andrew Now… Quick and Easy!

Home sales for Vancouver Real Estate Market Report October 2019 as reported by Ashley Smith, REBGV president.

“Home buyers have more confidence today than we saw in the first half of the year,” says Ashley Smith, REBGV president. “With prices edging down over the last year and interest rates remaining low, hopeful home buyers are becoming more active this fall.”

Home Buyer Activity Increases – Vancouver Real Estate Market Report October 2019

The Vancouver Real Estate Market Report October 2019 in Metro Vancouver, sales were 9.8% above the 10-year October sales average. The sales-to-active listings ratio for October 2019 in Vancouver was 23.8%. By property type, Detached Homes: 14.8%, Townhouses: 24%, and Condos: 30.5%. Analysts suggest downward pressure on home prices occur when the ratio falls below the 12% mark for a sustained period. And an upward pressure when it remains over 20%.

Total number of properties listed for sale in October 2019 reached 12,236 on the MLS in Metro Vancouver. The MLS saw a decrease of 5.8% compared to October 2018 (12,984) and a 9% decrease compared to September 2019 (13,439).

A Look at the Vancouver Housing Stats

Your Vancouver Real Estate Market Report September 2019 median sales price of Condos in Vancouver is at $675,000 down 3.4% from a year ago. Townhouses in Vancouver median sales price $1,124,500 up 13.6% from a year ago.  Detached Homes in Vancouver median sales price is $1,862,000 up 1.0% from a year ago. Total October 2019 inventory: Vancouver Condos 1,730 down 11.2% from a year ago. Townhouses 333 down 0.3% from a year ago, and detached homes 1,261 down 24.1% from a year ago.  The average time a Vancouver property was on the market is 40 days, up 25% from a year ago.

Vancouver Houses to Keep an Eye on

Select pockets on the Westside Vancouver are taking longer to sell these days, and I know that some great deals will happen here. Keep your eyes open for Hot-Spot homes in the Dunbar and Collingwood areas as sellers are competing to sell. Want a great neighbourhood and amazing schools, these areas will suit your needs completely.

Vancouver Housing Statistics That are Important to You

The Townhouse Market HPI – Live Feed

Average Days on Market – All Properties

What Does this All Mean – Vancouver Real Estate Market Report October 2019?

Analyzing all this data can be confusing, and each neighbourhood is going to be different.  Let me be your guide to understanding the Vancouver real estate market and your neighbourhood much better with my detailed reports.  Reach out to me now to help you with your real estate needs.

What Does this Mean if you are Buying a Property in Vancouver?

In Vancouver these days, purchasing a property can be challenging with all the elements and processes. Condos and Townhouses were in the hot seat for the last year. Now, 2 out of every 10 condos are selling these days. Detached single family home sales have slowed down with 1 out of every 10 houses selling. All buyers are able to be more selective with the homes they want, knowing there is less competition out there. This forces sellers to have their home in tip-top condition to compete with the additional home inventory.

With having an ample supply of statistics for sold and active properties, I can best help you with an offering price that would most likely get you the property you want – on your terms and conditions. Let’s start this process today, reach out to me now to discuss your options.

What Does this Mean if you are Selling a Property in Vancouver?

Think back to 4 years ago when anything and everything that went on the market for detached single family homes, sold. The market has changed today, many home owners are now staging their property to get its full potential value. On average, detached single family homes are selling for 93.9% of the asking price. Condos and Townhouses (97.2%) are experiencing more interest than detached single family houses due to affordability.

Realtors have to be diligent with having proven Marketing skills and techniques to maneuver through the many facets of home selling, it’s not as easy as just putting a sign on the lawn expecting a mad rush of buyers at an open house these days.  Relying on and trusting your realtor to get you the most amount of money is critical for you to ensure you move on to where you need to go.  It all starts with me understanding your needs. Read some of my client’s reviews for my performance. Want to know how my Proven Marketing Plan works, let’s meet to discuss. No two transactions are alike, and you need someone who’s on the top of their game to help you. Contact me today to start this process, Find out what your home is worth.

Real Estate Terms You Should Know

Not Your ‘Average’ Price

The HPI benchmarks represent the price of a typical property within each market. The HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. These features become the composite of the ‘typical house’ in a given area.

Each month’s sales determine the current prices paid for bedrooms, bathrooms, fireplaces, etc. and apply those new values to the ‘typical’ house model.

Get in Touch with Andrew Now… Quick and Easy!

Home sales for Vancouver Real Estate Market Report September 2019 as reported by Ashley Smith, REBGV president.

“We’re seeing more balanced housing market conditions over the last three months compared to what we saw at this time last year,” Ashley Smith, REBGV president said. “Home buyers are more willing to make offers today, particularly in the townhome and apartment markets.”

3Increased Demand Balances the Market – Vancouver Real Estate Market Report September 2019

The Vancouver Real Estate Market Report September 2019 in Metro Vancouver, sales were 1.7% below the 10-year September sales average. The sales-to-active listings ratio for September 2019 in Vancouver was 18.9%. By property type, Detached Homes: 12.9%, Townhouses: 15.1%, and Condos: 23.6%. Analysts suggest downward pressure on home prices occur when the ratio falls below the 12% mark for a sustained period. And an upward pressure when it remains over 20%.

Total number of properties listed for sale in September 2019 reached 13,439 on the MLS in Metro Vancouver. The MLS saw a increase of 2.7% compared to September 2018 (13,084) and a 0.3% increase compared to August 2019 (13,396).

A Look at the Vancouver Housing Stats

Your Vancouver Real Estate Market Report September 2019 median sales price of Condos in Vancouver is at $695,000 down 0.5% from a year ago. Townhouses in Vancouver median sales price $1,030,000 down 0.5% from a year ago.  Detached Homes in Vancouver median sales price is $1,662,500 down 9.9% from a year ago. Total September 2019 inventory: Vancouver Condos 1,914 up 2.1% from a year ago. Townhouses 337 down 4.3% from a year ago, and detached homes 1,313 down 23.7% from a year ago.  The average time a Vancouver property was on the market is 43 days, up 26.5% from a year ago.

Vancouver Houses to Keep an Eye on

Select pockets on the Westside Vancouver are taking longer to sell these days, and I know that some great deals will happen here. Keep your eyes open for Hot-Spot homes in the Dunbar and Collingwood areas as sellers are competing to sell. Want a great neighbourhood and amazing schools, these areas will suit your needs completely.

Vancouver Housing Statistics That are Important to You

The Townhouse Market HPI – Live Feed

Average Days on Market – All Properties

What Does this All Mean – Vancouver Real Estate Market Report September 2019?

Analyzing all this data can be confusing, and each neighbourhood is going to be different.  Let me be your guide to understanding the Vancouver real estate market and your neighbourhood much better with my detailed reports.  Reach out to me now to help you with your real estate needs.

What Does this Mean if you are Buying a Property in Vancouver?

In Vancouver these days, purchasing a property can be challenging with all the elements and processes. Condos and Townhouses were in the hot seat for the last year. Now, 2 out of every 10 condos are selling these days. Detached single family home sales have slowed down with 1 out of every 10 houses selling. All buyers are able to be more selective with the homes they want, knowing there is less competition out there. This forces sellers to have their home in tip-top condition to compete with the additional home inventory.

With having an ample supply of statistics for sold and active properties, I can best help you with an offering price that would most likely get you the property you want – on your terms and conditions. Let’s start this process today, reach out to me now to discuss your options.

What Does this Mean if you are Selling a Property in Vancouver?

Think back to 4 years ago when anything and everything that went on the market for detached single family homes, sold. The market has changed today, many home owners are now staging their property to get its full potential value. On average, detached single family homes are selling for 93.4% of the asking price. Condos and Townhouses (95.9%) are experiencing more interest than detached single family houses due to affordability.

Realtors have to be diligent with having proven Marketing skills and techniques to maneuver through the many facets of home selling, it’s not as easy as just putting a sign on the lawn expecting a mad rush of buyers at an open house these days.  Relying on and trusting your realtor to get you the most amount of money is critical for you to ensure you move on to where you need to go.  It all starts with me understanding your needs. Read some of my client’s reviews for my performance. Want to know how my Proven Marketing Plan works, let’s meet to discuss. No two transactions are alike, and you need someone who’s on the top of their game to help you. Contact me today to start this process, Find out what your home is worth.

Real Estate Terms You Should Know

Not Your ‘Average’ Price

The HPI benchmarks represent the price of a typical property within each market. The HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. These features become the composite of the ‘typical house’ in a given area.

Each month’s sales determine the current prices paid for bedrooms, bathrooms, fireplaces, etc. and apply those new values to the ‘typical’ house model.

Get in Touch with Andrew Now… Quick and Easy!