Here are statistics for the Vancouver detached housing market for September 2017. We will look at resale properties only. No new construction. Strata units such as condos and townhouses have a separate market update.
Average Sales Price
Average Sales Price of detached houses in Vancouver BC in September 2017 (see graph below)
Vancouver East: $1,639,802 | +3.1% (change since September 2016)
Vancouver West: $4,105,927 | +10.9% (change since September 2016)
Average Percent of Original Price
Average Percent of Original Price for the detached houses in Vancouver BC in September 2017 (see graph below)
Vancouver East: 98.0% | +0.1% (change since September 2016)
Vancouver West: 93.5% | -1.0% (change since September 2016)
Total Inventory
Total Inventory of detached houses in Vancouver BC in September 2017 (see graph below)
Vancouver East: 765 | +6.4% (change since September 2016)
Vancouver West: 810 | +12.5% (change since September 2016)
New Listings
All new listings of detached houses in Vancouver BC in September 2017 (see graph below)
Vancouver East: 264 | -7.7% (change since September 2016)
Vancouver West: 302 | +25.8% (change since September 2016)
Sales
All sales of detached houses in Vancouver BC in September 2017 (see graph below)
Vancouver East: 91 | +35.8% (change since September 2016)
Vancouver West: 73 | +17.7% (change since September 2016)
Sales to Actives Ratio
All sales to active listings ratio of detached houses in Vancouver BC in September 2017 (see graph below)
Vancouver East: 0.119 | +28.0% (change since September 2016)
Vancouver West: 0.119 | +28.0% (change since September 2016)
In conclusion, Vancouver housing market is showing signs of slowing down. Vancouver West is a strong buyer’s market with Vancouver East slowly shifting towards a buyer’s market. High inventory levels of available houses for this season. Average sale price for detached houses is holding strong with Vancouver West increasing by 10% as compared to September 2016.