Everything You Need to Know About Your Real Estate M Arket Today!
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Everything you need to know about your R eal Estate M arket Today! C om plim ents of: S teve B irkic Personal R eal Estate C orporation 778.882.5700 steve@ stevebirkic.com stevebirkic.com K eller W illiam s R ealty VanC entral 3995 Fraser S treet Vancouver, B C V5V 4E5 M ay 2020 VANCOUVER DOW NTOW N M AY 2020 Price Band & Bedroom CONDOS & TOW NHOM ES Com m unity CONDOS & TOW NHOM ES SnapStats® Inventory Sales Sales Ratio SnapStats® Inventory Sales Sales Ratio $0 – 300,000 1 1 100% Coal Harbour 93 6 6% 300,001 – 400,000 7 2 29% Downtown 250 40 16% 400,001 – 500,000 13 8 62% W estend 131 23 18% 500,001 – 600,000 49 8 16% Yaletown 199 26 13% 600,001 – 700,000 70 19 27% TOTAL* 673 95 14% 700,001 – 800,000 76 16 21% 800,001 – 900,000 53 5 9% 900,001 – 1,000,000 52 7 13% 1,000,001 – 1,250,000 71 11 15% 1,250,001 – 1,500,000 63 4 6% 1,500,001 – 1,750,000 41 5 12% 1,750,001 – 2,000,000 42 2 5% 2,000,001 – 2,250,000 17 1 6% 2,250,001 – 2,500,000 11 2 18% 2,500,001 – 2,750,000 13 2 15% 2,750,001 – 3,000,000 19 0 NA 3,000,001 – 3,500,000 12 0 NA 3,500,001 – 4,000,000 11 1 9% 4,000,001 – 4,500,000 8 0 NA 4,500,001 – 5,000,000 6 0 NA 5,000,001 & Greater 38 1 3% TOTAL* 673 95 14% 0 to 1 Bedroom 276 49 18% 2 Bedroom s 316 40 13% 3 Bedroom s 70 5 7% 4 Bedroom s & Greater 11 1 9% TOTAL* 673 95 14% SnapStats® April M ay Variance Inventory 595 673 13% Solds 75 95 27% Sale Price $746,500 $758,000 2% Sale Price SQFT $1,041 $993 -5% Sale to List Price Ratio 97% 97% 0% Days on M arket 13 21 62% *Sales Ratio suggests m arket type and speed (ie Balanced 12-20% .) Refer to YTD reports for sustained periods. If >100% M LS® data reported previous m onth’s sales exceeded current inventory count. M arket Sum m ary • M arket Type Indicator VANCOUVER DOW NTOW N ATTACHED: Balanced M arket at 14% Sales Ratio average (1.4 in 10 hom es selling rate) • Hom es are selling on average 3% below list price • M ost Active Price Band** $400,000 to $500,000 with average 62% Sales Ratio (Sellers m arket) • Buyers Best Bet** Hom es $5 m il plus, Coal Harbour and 3 bedroom properties • Sellers Best Bet** Selling hom es in W estend and up to 1 bedroom properties **W ith m inim um inventory of 10 in m ost instances SALE PRICE INVENTORY SOLDS $750,000 $765,000 $719,000 $730,000 $845,450 13 M onth $759,500 $768,000 $774,750 $735,000 $749,000 $755,000 $746,500 $758,000 M arket Trend 944 898 826 754 704 716 673 630 630 595 527 571 438 162 167 176 170 199 176 145 171 137 139 104 75 95 M AY JUN JUL AUG SEP OCT NOV DEC JAN FEB M AR APR M AY Com plim ents of... Steve Birkic Personal Real Estate Corporation Keller W illiam s Realty VanCentral stevebirkic.com 778.882.5700 steve@ stevebirkic.com © 2010-2020 SnapStats® Publishing Co. All rights reserved. No part of this publication m ay be reproduced, copied, posted on the internet or forwarded in any printed or electronic form at without written perm ission. This report data was captured on June 1, 2020 from the Real Estate Board of Greater Vancouver M LS® . Refer to our YTD reports for sustained periods of the Sales Ratio % . The accuracy and com pleteness of the inform ation is not guaranteed. In providing this inform ation SnapStats® or Steve Birkic do not assum e any responsibility or liability. M ore info at snap-stats.com . VANCOUVER W ESTSIDE M AY 2020 Price Band & Bedroom DETACHED HOUSES Com m unity DETACHED HOUSES SnapStats® Inventory Sales Sales Ratio SnapStats® Inventory Sales Sales Ratio $0 – 300,000 0 0 NA Arbutus 8 5 63% 300,001 – 400,000 0 0 NA Cam bie 23 4 17% 400,001 – 500,000 0 0 NA Dunbar 54 9 17% 500,001 – 600,000 1 0 NA Fairview 0 0 NA 600,001 – 700,000 0 0 NA Falsecreek 2 0 NA 700,001 – 800,000 3 0 NA Kerrisdale 31 5 16% 800,001 – 900,000 0 0 NA Kitsilano 16 7 44% 900,001 – 1,000,000 0 0 NA M ackenzie Heights 12 3 25% 1,000,001 – 1,250,000 0 0 NA M arpole 21 2 10% 1,250,001 – 1,500,000 2 1 50% M ount Pleasant 5 0 NA 1,500,001 – 1,750,000 2 1 50% Oakridge 19 0 NA 1,750,001 – 2,000,000 2 1 50% Point Grey 55 8 15% 2,000,001 – 2,250,000 12 5 42% Quilchena 14 2 14% 2,250,001 – 2,500,000 24 5 21% SW M arine 22 1 5% 2,500,001 – 2,750,000 15 6 40% Shaughnessy 58 3 5% 2,750,001 – 3,000,000 23 6 26% South Cam bie 5 0 NA 3,000,001 – 3,500,000 59 9 15% South Granville 38 2 5% 3,500,001 – 4,000,000 52 8 15% Southlands 32 1 3% 4,000,001 – 4,500,000 34 2 6% University 20 0 NA 4,500,001 – 5,000,000 40 2 5% TOTAL* 435 52 12% 5,000,001 & Greater 166 6 4% TOTAL* 435 52 12% 2 Bedroom s & Less 9 5 56% 3 to 4 Bedroom s 142 25 18% 5 to 6 Bedroom s 214 18 8% 7 Bedroom s & M ore 70 4 6% TOTAL* 435 52 12% SnapStats® April M ay Variance Inventory 421 435 3% Solds 37 52 41% Sale Price $2,802,000 $3,174,000 13% Sale Price SQFT $976 $1,115 14% Sale to List Price Ratio 88% 103% 17% Days on M arket 25 27 8% *Sales Ratio suggests m arket type and speed (ie Balanced 12-20% .) Refer to YTD reports for sustained periods. If >100% M LS® data reported previous m onth’s sales exceeded current inventory count. M arket Sum m ary • M arket Type Indicator VANCOUVER W ESTSIDE DETACHED: Balanced M arket at 12% Sales Ratio average (1.2 in 10 hom es selling rate) • Hom es are selling on average 3% above list price • M ost Active Price Band** $2 m il to $2.25 m il with average 42% Sales Ratio (Sellers m arket) • Buyers Best Bet** Hom es $5 m il plus, SW M arine, Shaughnessy, South Granville, Southlands and up to 7 m inim um properties • Sellers Best Bet** Selling hom es in Arbutus, Kitsilano and up to 2 bedroom properties **W ith m inim um inventory of 10 in m ost instances SALE PRICE INVENTORY SOLDS $3,230,000 $3,088,888 $3,174,000 13 M onth $3,000,000 $2,950,000 $3,000,000 $3,050,000 $2,850,000 $2,900,000 $2,830,000 $2,880,000 $2,802,000 M arket Trend $2,480,000 704 689 662 622 649 633 617 506 504 472 450 421 435 107 85 59 79 59 61 77 65 60 35 61 37 52 M AY JUN JUL AUG SEP OCT NOV DEC JAN FEB M AR APR M AY Com plim ents of... Steve Birkic Personal Real Estate Corporation Keller W illiam s Realty VanCentral stevebirkic.com 778.882.5700 steve@ stevebirkic.com © 2010-2020 SnapStats® Publishing Co. All rights reserved. No part of this publication m ay be reproduced, copied, posted on the internet or forwarded in any printed or electronic form at without written perm ission. This report data was captured on June 1, 2020 from the Real Estate Board of Greater Vancouver M LS® . Refer to our YTD reports for sustained periods of the Sales Ratio % . The accuracy and com pleteness of the inform ation is not guaranteed. In providing this inform ation SnapStats® or Steve Birkic do not assum e any responsibility or liability. M ore info at snap-stats.com . VANCOUVER W ESTSIDE M AY 2020 Price Band & Bedroom CONDOS & TOW NHOM ES Com m unity CONDOS & TOW NHOM ES SnapStats® Inventory Sales Sales Ratio SnapStats® Inventory Sales Sales Ratio $0 – 300,000 0 0 NA Arbutus 0 0 NA 300,001 – 400,000 4 1 25% Cam bie 87 6 7% 400,001 – 500,000 12 7 58% Dunbar 7 1 14% 500,001 – 600,000 34 19 56% Fairview 92 31 34% 600,001 – 700,000 67 14 21% Falsecreek 86 7 8% 700,001 – 800,000 58 22 38% Kerrisdale 24 1 4% 800,001 – 900,000 63 6 10% Kitsilano 81 35 43% 900,001 – 1,000,000 80 9 11% M ackenzie Heights 1 0 NA 1,000,001 – 1,250,000 103 19 18% M arpole 73 8 11% 1,250,001 – 1,500,000 112 7 6% M ount Pleasant 15 2 13% 1,500,001 – 1,750,000 60 4 7% Oakridge 21 3 14% 1,750,001 – 2,000,000 61 1 2% Point Grey 17 1 6% 2,000,001 – 2,250,000 17 1 6% Quilchena 11 1 9% 2,250,001 – 2,500,000 25 1 4% SW M arine 11 3 27% 2,500,001 – 2,750,000 10 1 10% Shaughnessy 8 0 NA 2,750,001 – 3,000,000 10 1 10% South Cam bie 36 1 3% 3,000,001 – 3,500,000 12 0 NA South Granville 35 2 6% 3,500,001 – 4,000,000 3 0 NA Southlands 1 0 NA 4,000,001 – 4,500,000 1 0 NA University 134 11 8% 4,500,001 – 5,000,000 2 0 NA TOTAL* 740 113 15% 5,000,001 & Greater 6 0 NA TOTAL* 740 113 15% 0 to 1 Bedroom 176 51 29% 2 Bedroom s 366 51 14% 3 Bedroom s 180 9 5% 4 Bedroom s & Greater 18 2 11% TOTAL* 740 113 15% SnapStats® April M ay Variance Inventory 647 740 14% Solds 78 113 45% Sale Price $838,500 $756,000 -10% Sale Price SQFT $922 $933 1% Sale to List Price Ratio 98% 98% 0% Days on M arket 9 16 78% *Sales Ratio suggests m arket type and speed (ie Balanced 12-20% .) Refer to YTD reports for sustained periods.