Market Speed Info Graph · MarketBrief · Statistical Charts and Graphs

May 2016 Metro Vancouver Market Snap Stat

May 2016 Market Report

Homes continue to sell at an unprecedented rate in communities across the region. Economic and job growth continues to outperform most regions in the country, which is underpinning todays market activity. Sales last month rank as the highest sales total on record for May, but were down .3% from April 2016. There were 2.3% more listings on the market in May than April. Demand

Below are the stats for North Shore specific. Ask us for the activity on your specific area or market.

North Vancouver Real Estate Statistics

DETACHED PROPERTIES

  • Official Market Type: Sellers market at 65% Sales Ratio (6.5 in 10 homes selling)
  • Homes are selling on average 3% above list price
  • Most Active Price Band $2 mil- $2.5 mil

Buyers Best Bet Homes: between $3 mil to $3.5 mile Boulevard,Central Lonsdale,Lynnmour,Westlynn and 5 to 6 bedrooms

Sellers Best Bet Homes:  Selling homes in Edgemont, Upper Lonsdale and 3 to 4 bedroom properties

ATTACHED PROPERTIES

  • Official Market Type Sellers market 100%  Sales Ratio (10 in 10 homes selling)
  • Homes are seling on average 3% above list price
  • Most Active Price Band $1.25 mil to $1.5 mi

Buyers Best Bet: Homes between $800,000 to $900,000 LynnValley and 2 bedroom properties

 

Sellers Best Bet: Selling homes in Hamilton, Pemberton, Roche Pointand minimum 4 bedroom properties

West Vancouver Real Estate Statistics

DETACHED PROPERTIES

  • Official Market Type Sellers market 27%  Sales Ratio  (2.7 in 10 homes seling rate)
  • Homes are seling on average 3% below list price
  • Most Active Price Band $2.5 mil to $2.75 mil

Buyers Best Bet: Homes $2 mil to  $2.25 mil Bayridge,Gleneagles,Howe Sound,West Bay, Westmount and up to 2 bedrooms

Sellers Best Bet: Selling homes in Chartwell, Dundarave and 3 to 4 bedroom properties

ATTACHED PROPERTIES

  • Official Market Type Sellers market at 89% Sales Ratio  (8.9 in 10 homes selling)
  • Homes are selling on average 4% below list price
  • Most Active Price Band $400,000- $500,000 and $800,000 to $900,000

Buyers Best Bet: Homes with 2 bedrooms

 

Sellers Best Bet: Selling homes in Ambleside, Dundarave and up to 1 bedroom properties