The real estate market in Vancouver
– With fall approaching and a very busy and sunny summer behind us, we’re expecting further active times ahead. Activity levels will likely peak in October and November with sales of townhomes and condos leading the way. In saying that, I do think that the detached home market will also see more volume in the coming months. My open house in Shaughnessy yesterday was busy!
Looking to the past
We are coming into what is historically the second busiest time of the year (with spring being the first). In the interactive charts below, you will find the sales-to-active-listings ratios (SALR) for the Westside and East Vancouver.
In deciphering these charts, here’s what to look at when the numbers are at these levels for a sustained period of time:
- Generally, prices push upward when SALR is above 25%
- There is little or no pressure on prices when SALR is between 15% and 20%
- Generally, prices push downward when SALR is below 10%
If you would like more information about market activity in your specific neighbourhood or, to find out how much your home is worth, please contact me at 604-880-6117 or bryan@velvegroup.com.
Note: For a clearer picture, you can toggle the property types on and off by clicking on Detached (All), Apartment or Townhouse at the top of the chart and hover your mouse over the chart. On mobile devices, tap on the data points for specifics. These charts are best viewed on a desktop computer.
Vancouver West
Vancouver East
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