No Signs of Vancouver’s Condo Market Slowing Down this Summer!
This past month has been extremely active for both sellers and buyers…sellers benefiting from low inventory and low interest rates and buyers benefiting from a diverse range of housing options across Metro Vancouver.
The total number of listings recorded for attached homes for Vancouver West was 765 with 308 sales producing a sales ratio of 40.26% meaning that 4 in every 10 homes sold. The most active price band was between $400,000 – $500,000 and $1.5M to $1.75M with an average sales ratio of 67% which is indicative of a strong seller’s market. Buyer’s best bet were price bands between $900,000 and $1M and $1.25M – $1.5M with sales ratios below 20%. False Creek alone had a sales ratio of 83.33% which means that out of 66 listings, 55 sold. Compared to last year this month, we have already had 200 more sales.