May Market Update
This is the price analysis for the month of May 2017. It includes detailed information on detached homes, attached condos and townhomes. Take a look at the current market trends!
Market Summary
- Official Market Type NEW WESTMINSTER DETACHED: Sellers market at 49% Sales Ratio average (4.9 in 10 homes selling rate)
- Homes are selling on average 2% below list price
- Most Active Price Band**$1 mil to $1.25 mil with average 70% Sales Ratio (Sellers market)
- Buyers BestBet**Homes between $1.25 mil to $1.5 m il,Queens Park,The Heights and 5 to 6 bedroom properties
- Sellers BestBet**Homes in WestEnd and 3 to 4 bedroom properties
Market Summary
- Official Market Type NEW WESTM INSTER ATTACHED:Sellers market at>100% Sales Ratio average (10 in 10 homes selling rate)
- Homes are selling on average 6% above list price
- Most Active Price Band**$200,000 to $500,000 and $600,000 to $800,000 with average >100% Sales Ratio (Sellers market)
- Buyers BestBet**Homes between $500,000 to $600,000, Queensborough and 3 bedroom properties
- Sellers BestBet**Homes in Downtown, Fraserview, Quay, Sapperton, Uptown and up to 2 bedroom properties
Market Summary
- Official Market Type BURNABY DETACHED:Sellers market at 27% Sales Ratio average (2.7 in 10 homes selling rate)
- Homes are selling on average 1% below list price
- Most Active Price Band**$1.25 mil to $1.75 mil with average 42% Sales Ratio (Sellers market)
- Buyers BestBet**Homes between $3 mil to $3.5 mil, Simon Fraser University, Westridge and minimum 5 bedroom properties
- Sellers BestBet**Selling homes in Government Road, Montecito, Sperling-Duthie, The Crestand 3 to 4 bedroom properties
Market Summary
- Official Market Type BURNABY ATTACHED:Sellers market at 96% Sales Ratio average (9.6 in 10 homes selling rate)
- Homes are selling on average 3% above list price
- Most Active Price Band**$600,000 to $900,000 with average >100% Sales Ratio (Sellers market)
- Buyers BestBet**Homes between $1 mil to $1.25 mil, Edmonds, Simon Fraser University, Sullivan Heights and 4 plus bedrooms
- Sellers BestBet**Selling homes in Brentwood Park, Central, Highgate, Metrotown, South Slope and 3 bedroom properties
Market Summary
- Official Market Type DOWNTOWN: Sellers market at 78% Sales Ratio average (7.8 in 10 homes selling rate)
- Homes are selling on average at list price
- Most Active Price Band** +/- $1 mil: $400k to $700k (>100% Sales Ratio) / $1.5 mil to $1.75 mil (>100% Sales Ratio)
- Buyers Best Bet** +/- $1 mil: Homes between $900k to $1 mil / $1.75 mil to $2 mil plus, Yaletown and 3 bedroom properties
- Sellers Best Bet** Selling homes in Downtown and up to 1 bedroom properties
Market Summary
- Official Market Type WESTSIDE DETACHED: Sellers market at 33% Sales Ratio average (1 in 3 homes selling rate)
- Homes are selling on average 1% below list price
- Most Active Price Band** +/-$3 mil: $2 mil to $2.25 mil (>100% Sales Ratio) / $3 mil to $3.5 mil (67% Sales Ratio)
- Buyers Best Bet** +/-$3 mil: $2.75 mil to $3 mil / $5 mil plus, Shaughnessy, South Granville, University and 7 plus bedrooms
- Sellers Best Bet** Selling homes in Arbutus, Cambie, Kitsilano and 3 to 4 bedroom propertie
Market Summary
- Official Market Type WESTSIDE ATTACHED: Sellers market at 82% Sales Ratio average (8.2 in 10 homes selling rate)
- Homes are selling on average 4% above list price
- Most Active Price Band** $500,000 to $900,000 with average >100% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $2.75 mil to $3 mil, South Granville and minimum 4 bedroom properties
- Sellers Best Bet** Selling homes in Fairview, Falsecreek, Kerrisdale, Kitsilano and up to 1 bedroom properties
Market Summary
- Official Market Type EASTSIDE DETACHED: Sellers market at 27% Sales Ratio average (2.7 in 10 homes selling rate)
- Homes are selling on average 3% above list price
- Most Active Price Band** $1 mil to $1.25 mil with average 76% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $2.5 mil to $2.75 mil, Collingwood, Fraserview, Renfrew and minimum 7 plus bedrooms
- Sellers Best Bet** Selling homes in Fraser, Knight, Mount Pleasant and up to 2 bedroom properties
Market Summary
- Official Market Type EASTSIDE ATTACHED: Sellers market at 94% Sales Ratio average (9.4 in 10 homes selling rate)
- Homes are selling on average 6% above list price
- Most Active Price Band** $0 to $300,000 with average >100% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.25 mil to $1.5 mil, Killarney, Victoria and 3 bedroom properties
- Sellers Best Bet** Selling homes in Grandview, Hastings, Mt Pleasant, Renfrew and up to 1 bedroom properties
Market Summary
- Official Market Type COQUITLAM DETACHED:Sellers market at 45% Sales Ratio average (4.5 in 10 homes selling rate)
- Homes are selling on average at1% above list price
- Most Active Price Band**$800,000 to $900,000 with average >100% Sales Ratio (Sellers market)
- Buyers BestBet**Homes between $2.25 mil to $2.75 m il,HarbourChines,HarbourPlace, Maillardville and up to 2 bedrooms
- Sellers BestBet**Selling homes in Coquitlam East,Ranch Park and 3 to 4 bedroom properties
**With a minimum inventory of 10 in most instances
