vivid-real-estate-stat-feb-2017 copy (6)...

Market Update

SIMPLE. INNOVATIVE.EFFECTIVE.

April 2017

Areas

GREATER VANCOUVERDOWNTOWN VANCOUVER

VANCOUVER WESTSIDEVANCOUVER EASTSIDE

NORTH VANCOUVERWEST VANCOUVER

VividRealEstate.ca®. All rights reserved. Information contained on this report is not a substitute for professional advice and can in no way be construed as such. This report data was captured from the Real Estate Board of Greater Vancouver MLS®. While we make every effort to ensure its accuracy and completeness - accuracy and completeness is not guaranteed. This communication is not intended breach of any existing agency relationship.


Greater VancouverApril 2017

Detached and Attached Homes+

To understand the rate at which properties are selling we look at the sales-to-activelistings ratio. This ratio provides simple approach; for example:

• 10% Sales Ratio means 1 in 10 homes are selling.• 33% Sales Ratio means 1 in 3 homes are selling.• 50% Sales Ratio means 1 in 2 homes are selling.

Sales ratio also indicates the ratio between supply and demand, which provide us withthe market types. In a buyers’ market, the ratio is between 0% and 14%; a balancedmarket ratio is 15% to 20%; and a sellers’ market ratio is 21% plus.

What is Sale to Active?

In Greater Vancouver, the number of new listings for residential properties in April 2017 was 4,907, a 3% increase compared to March 2017, when 4,752 homes were listed, and a 20% decrease from the 6,110 properties listed last April.

The number of residential properties sold in Greater Vancouver in April 2017 was 3,546, a 1% decrease compared to March 2017, when 3,575 homes were sold, and a 26% decrease from the 4,774 properties sold last April.

In Greater Vancouver, the sales-to-active listings ratio for residential properties for April 2017 was 45%, a 2% decrease compared to March 2017, when the ratio was 47%, and a 18% decrease from the 63% ratio last April.

4,907 3% -20%

Apr 2017 Mar 2017 Apr 2016

3,546 -1% -26%

Apr 2017 Mar 2017 Apr 2016

45% -2% -18%

Apr 2017 Mar 2017 Apr 2016

GREATER VANCOUVERApril, 2017 UP DOWNCURRENT

NEW LISTINGS

SALES

SALES RATIO*

**

* Sales Ratio stands for sales-to-active listings ratio.** In April there were 7,813 active listings on the market, 4,907

of these were new listings, which were listed in April.

The average days on Market for Greater Vancouver detached properties in April 2017 was 40 days, a 13% Increase in comparison to 39 days in March 2017. The average price per square foot for Greater Vancouver detached properties in April 2017 was $681, a 3% increase in comparison to $660 per square foot in March 2017.

Facts

GREATER VANCOUVER Detached and Houses

In Greater Vancouver, the number of new listings for detached properties in April 2017 was 2,104 a 9% increase compared to March 2017, when 1,924 homes were listed, and a 27% decrease from the 2,883 properties listed last April.

The number of houses sold in Greater Vancouver in April 2017 was 1,972, a 5% increase compared to March 2017, when 1,146 homes were sold, and a 39% decrease from the 1,972 properties sold last April.

2,104 9% -27%

1,204 5% -39%

25% -19%0%

April, 2017

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

UP DOWNCURRENT

SALES

SALES RATIO*NEW LISTINGS

0%

In Greater Vancouver, the Sales-to-Active listings ratio for detached properties for April 2017 was 25%, the same Ratio as in March 2017. However, there was a 19% decrease from the 44% Ratio last April.

**



1%

56%

The average days on the market for Greater Vancouver condos in April 2017 was 19 days, while for townhouses it was 24 days. The average price per square foot for Greater Vancouver condos was $709 in April 2017, whereas for townhouses it was $556 per square foot.

Facts

Condos and Townhouses

In Greater Vancouver, the number of new listings for attached properties in April 2017 was 2,803, a 1% decrease compared to March 2017, when 2,828 homes were listed, and a 13% decrease from the 3,227 properties listed last April.

The number of condos and townhouses sold in Greater Vancouver condos in April 2017 was 2,279, a 6% decrease compared to March 2017, when 2,429 homes were sold, and a 19% decrease from the 2,802 properties sold last April.

In Greater Vancouver, the sales-to-active listings ratio condos and townhouse in April 2017 was 76%, a 3% decrease compared to March 2017, when the ratio was 79%, and a 10% decrease from the 87% ratio last April.

2,803 -1% -13%

2,279 -6% -19%

76% -3% -10%

GREATER VANCOUVERApril, 2017

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

UP DOWNCURRENT

SALES

SALES RATIO*NEW LISTINGS

**




Downtown VancouverApril 2017

DOWNTOWN VANCOUVER

In Downtown Vancouver, the number of new listings for condo and townhouses in April 2017 was 338, a 7% decrease compared to March 2017, when 338 homes were listed, and a 5% decrease from the 354 properties listed last April.

In Downtown Vancouver, the average sale price for condos and townhouses in April 2017 was $849K, a 18% increase compared to March 2017, when the average sale price was $720K, and a 31% increase from the $650K average sale price from last April.

The number of condos and townhouses sold in Downtown Vancouver in April 2017 was 244, a 7% decrease compared to March 2017, when 263 homes were sold, and a 19% decrease from the 300 properties sold last April.

338 -7% -5%

244 -7% -19%

72% 0% -13%

$849K 18% 31%

April, 2017

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

UP DOWNCURRENT


* Sales Ratio stands for sales-to-active listings ratio.

SALES

SALES RATIO*

AVERAGE PRICE

NEW LISTINGS

0%

In Downtown Vancouver, the Sales-to-Active listings ratio for Condos and Townhouse in April 2017 was 72%, the same Ratio as in March 2017. However, there was a 13% decrease from the 85% Ratio last April.

WEST END

YALETOWN

COALHARBOUR

DT WEST

Vanc

ouve

r Eas

t

Seller Market Buyer Market

Market TypeDOWNTOWN VANCOUVER

• 21% & Greater Sellers Market • 15% to 20% Balanced Market• 14% & Less Buyer Market

To understand the ratio between supply and demand, we also look at sales to active ratio for an indication of the current market type.

Balanced MarketN/A*

43%

90%

79%

67%


Sales Ratio**

* There isn’t enough data to determine the market type.** Sales Ratio stands for sales-to-active listings ratio.


Vancouver WestsideApril 2017

In Vancouver West, the number of new listings for detached properties in April 2017 was 561, a 5% increase compared to March 2017, when 532 homes were listed, and a 5% increase from the 534 properties listed last April.

The number of houses sold in Vancouver West in April 2017 was 111, a 17% increase compared to March 2017, when 95 homes were sold, and a 52% decrease from the 229 properties sold last April.

In Vancouver West, the sales-to-active listings ratio for houses for April 2017 was 20%, a 13% increase compared to March 2017, when the ratio was 7%, and a 23% decrease from the 43% ratio last April.

In Vancouver West, the average sale price for houses in April 2017 was $3.32M, a 5% decrease compared to March 2017, when the average sale price was $3.5M, and a 10% decrease from the $3.688M average sale price from last April.

561 5% 5%

111 17% -52%

20% 13% -23%

$3.32M -5% -10%

VANCOUVER WESTSIDEApril, 2017

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

UP DOWNCURRENT

Detached and Houses


SALES

SALES RATIO*

AVERAGE PRICE

NEW LISTINGS

MOUNTPLEASANT

WEST

FAIRVIEW

FALSECREEK

OAKRIDGE

SOUTHCAMBIE

MARPOLE

S.W. MARINE

SOUTHLANDS

DUNBAR

KERRISDALE

SHAUGHNESSYARBUTUS

KITSILANOPOINT GREY

UNIVERSITY

Vanc

ouve

r Eas

t

Downtown Vancouver

VANCOUVER WESTSIDE Seller Market Buyer Market

Balanced MarketN/A*

22%

24%

26%

50%

N/A

23%

27%

25%

29%

200%**

13%

18%

30%

3%

3%

10%

27%8%

6%

April, 2017

Detached and Houses



Market Type

Sales Ratio**


VANCOUVER WESTSIDE

In Vancouver West, the number of new listings for condos and townhouses in April 2017 was 376, a 4% increase compared to March 2017, when 361 homes were listed, and a 6% decrease from the 398 properties listed last April.

The number of condos and townhouses sold in Vancouver West in April 2017 was 254, a 2% increase compared to March 2017, when 250 homes were sold, and a 24% decrease from the 335 properties sold last April.

In Vancouver West, the sales-to-active listings ratio for condo and townhouses for April 2017 was 68%, a 2% decrease compared to March 2017, when the ratio was 69%, and a 17% decrease from the 84% ratio last April.

In Vancouver West, the average sale price for condos and townhouses in April 2017 was $785K, a 1% increase compared to March 2017, when the average sale price was $775K, and a 19% increase from the $659K average sale price from last April.

376 4%

254 2% -24%

68% -2% -17%

$785K 1% 19%

April, 2017

Apr 2017 Mar 2017

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2016

-6%

UP DOWNCURRENT



SALES

SALES RATIO*

AVERAGE PRICE

NEW LISTINGS

Vanc

ouve

r Eas

t

MOUNTPLEASANT

WEST

FAIRVIEW

FALSECREEK

OAKRIDGE

SOUTHCAMBIE

MARPOLE

S.W. MARINE

SOUTHLANDS

DUNBAR

KERRISDALE

SHAUGHNESSYARBUTUS

KITSILANOPOINT GREY

UNIVERSITY

Downtown Vancouver


Balanced MarketN/A*

N/A

32%

167%**

130%**

73%

43%

69%

61%

N/A

63%

27%

150%**

267%**

86%

60%

67%

9%N/A

53%

April, 2017

Condos and TownhousesMarket Type


Sales Ratio***To understand the ratio between supply and demand, we also look at sales to active ratio for an indication of the current market type.

* There isn’t enough data to determine the market type.** If >100% MLS® data reported previous month’s sales exceeded current inventory.*** Sales Ratio stands for sales-to-active listings ratio.

VANCOUVER WESTSIDE


Vancouver EastsideApril 2017

VANCOUVER EASTSIDE

In Vancouver East, the number of new listings for detached properties in April 2017 was 719, a 12% increase compared to March 2017, when 641 homes were listed, and a 85% increase from the 389 properties listed last April.

The number of houses sold in Vancouver East in April 2017 was 142, a 8% decrease compared to March 2017, when 154 homes were sold, and a 21% decrease from the 179 properties sold last April.

In Vancouver East, the sales to active ratio for houses for April 2017 was 20%, a 4% decrease compared to March 2017, when the ratio was 24%, and a 26% decrease from the 46% ratio last April.

In Vancouver East, the average sale price for houses in April 2017 was $1.553M, a 1% increase compared to March 2017, when the average sale price was $1.54M, and a 4% decrease from the $1.611M average sale price from last April.

719 12% 85%

142 -8% -21%

20% -4% -26%

$1.55M 1%

April, 2017

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

UP DOWNCURRENT

Detached and Houses


SALES

SALES RATIO*

AVERAGE PRICE

NEW LISTINGS

-4%

HASTINGS EAST

RENFREW

RENFREWHEIGHTS

COLLINGWOOD

KILLARNEY

CHAMPLAINHEIGHTS

FRASERVIEW

HASTINGS

GRANDVIEW

VICTORIA

MOUNT PLEASANT

EAST

KNIGHT

SOUTHVANCOUVER

FRASER

MAIN

Downtown Vancouver

Vanc

ouve

r Wes

t

Burn

aby


Balanced MarketN/A*April, 2017

33%

10%

N/A

39%

10%

22%

29%88%

22%

24%24%

31%18%

10%

10%

33%

Detached and HousesMarket Type




VANCOUVER EASTSIDE

Sales Ratio**

VANCOUVER EASTSIDE

In Vancouver East, the number of new listings for condos and townhouses in April 2017 was 255, a 4% increase compared to March 2017, when 245 homes were listed, and a 36% decrease from the 398 properties listed last April.

The number of condos and townhouses sold in Vancouver East in April 2017 was 204 , a 2% decrease compared to March 2017, when 209 homes were sold, and a 39% decrease from the 335 properties sold last April.

In Vancouver East, the sales-to-active listings ratio for condo and townhouses for April 2017 was 80%, a 5% decrease compared to March 2017, when the ratio was 85%, and a 4% decrease from the 84% ratio last April.

In Vancouver East, the average sale price for condos and townhouses in April 2017 was $574K, a 6% increase compared to March 2017, when the average sale price was $539K, and a 13% decrease from the $659K average sale price from last April.

255 4% -36%

204 -2% -39%

80% -5% -4%

$574K 6% -13%

April, 2017

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

UP DOWNCURRENT



SALES

SALES RATIO*

AVERAGE PRICE

NEW LISTINGS

HASTINGS EAST

RENFREW

RENFREWHEIGHTS

COLLINGWOOD

KILLARNEY

CHAMPLAINHEIGHTS

FRASERVIEW

HASTINGS

GRANDVIEW

VICTORIA

MOUNT PLEASANT

EAST

KNIGHT

SOUTHVANCOUVER

FRASER

MAIN

Downtown Vancouver

Vanc

ouve

r Wes

t

VANCOUVER EASTSIDE

Burn

aby


Balanced MarketN/A*

76%

111%**

75%

105%**

175%**

165%**

150%**

44%

86%

72%

N/A

30%

N/A

25%

April, 2017

Condos and TownhousesMarket Type



Sales Ratio***

* There isn’t enough data to determine the market type.** If >100% MLS® data reported previous month’s sales exceeded current inventory.*** Sales Ratio stands for sales-to-active listings ratio.

86%86%


North Vancouver April 2017

In North Vancouver, the number of new listings for detached properties in April 2017 was 246, a 5% increase compared to March 2017, when 234 homes were listed, and a 51% increase from the 163 properties listed last April.

The number of houses sold in North Vancouver in April 2017 was 109, a 11% increase compared to March 2017, when 98 homes were sold, and a 32% decrease from the 160 properties sold last April.

In North Vancouver, the sales to active ratio for houses for April 2017 was 44%, a 2% increase compared to March 2017, when the ratio was 42%, and a 54% decrease from the 98% ratio last April.

In North Vancouver, the average sale price for houses in April 2017 was $1.9M, a 10% increase compared to March 2017, when the average sale price was $1.725M, and a 13% increase from the $1.68M average sale price from last April.

246 5% 51%

109 11% -32%

44% 2% -54%

$1.9M 10% 13%

NORTH VANCOUVERApril, 2017

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

UP DOWNCURRENT

Detached and Houses


SALES

SALES RATIO*

AVERAGE PRICE

NEW LISTINGS

NORTH VANCOUVER

In North Vancouver, the number of new listings for condos and townhouses in April 2017 was 154, a 8% increase compared to March 2017, when 142 homes were listed, and a 2% increase from the 151 properties listed last April.

The number of condos and townhouses sold in North Vancouver in April 2017 was 138 , a 11% decrease compared to March 2017, when 155 homes were sold, and a 27% decrease from the 188 properties sold last April.

In North Vancouver, the sales-to-active listings ratio for condo and townhouses for April 2017 was 90%, a 20% decrease compared to March 2017, when the ratio was 109%, and a 35% decrease from the 125% ratio last April.

In North Vancouver, the average sale price for condos and townhouses in April 2017 was $665.5K, a 7% increase compared to March 2017, when the average sale price was $623K, and a 25% increase from the $534K average sale price from last April.

154 8% 2%

138 -11% -27%

90% -20% -35%

$666K 7% 25%

April, 2017

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

UP DOWNCURRENT



SALES

SALES RATIO*

AVERAGE PRICE

NEW LISTINGS


West VancouverApril 2017

In West Vancouver houses, the number of new listings for residential properties in April 2017 was 399, a 8% increase compared to March 2017, when 368 homes were listed, and a 19% increase from the 334 properties listed last April.

The number of houses sold in West Vancouver in April 2017 was 64, a 12% increase compared to March 2017, when 57 homes were sold, and a 44% decrease from the 114 properties sold last April.

In West Vancouver, the sales to active ratio for houses for April 2017 was 16%, a 1% increase compared to March 2017, when the ratio was 15%, and a 18% decrease from the 34% ratio last April.

In West Vancouver, the average sale price for houses in April 2017 was $3.5M, a 6% increase compared to March 2017, when the average sale price was $3.3M, and a 5% increase from the $3.34M average sale price from last April.

399 8% 19%

64 12% -44%

16% 1% -18%

$3.5M 6% 5%

WEST VANCOUVERApril, 2017

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

UP DOWNCURRENT

Detached and Houses


SALES

SALES RATIO*

AVERAGE PRICE

NEW LISTINGS

WEST VANCOUVER

In West Vancouver, the number of new listings for condos and townhouses in April 2017 was 65, a 20% increase compared to March 2017, when 54 homes were listed, and a 2% increase from the 64 properties listed last April.

The number of condos and townhouses sold in West Vancouver in April 2017 was 29 , a 6% decrease compared to March 2017, when 31 homes were sold, and a 12% increase from the 26 properties sold last April.

In West Vancouver, the sales-to-active listings ratio for condos and townhouses for April 2017 was 45%, a 13% decrease compared to March 2017, when the ratio was 57%, and a 4% increase from the 41% ratio last April.

In West Vancouver, the average sale price for condos and townhouses in April 2017 was $1150K, a 16% increase compared to March 2017, when the average sale price was $990K, and a 56% increase from the $735K average sale price from last April.

April, 2017

AVERAGE PRICE

65 20% 2%

29 -6% 12%

45% -13% 4%

$1.15M 16% 56%

SALES

SALES RATIO*Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

Apr 2017 Mar 2017 Apr 2016

UP DOWNCURRENT



NEW LISTINGS


AMIR JOHARIFARDCell: 778-885-5076Email: [email protected]: vividrealestate.ca

Contact us today to see whether you shouldbuy, sell, or hold your property!

421 Pacific Street Vancouver, BC V6Z 2P5 Fax: 604-685-2807By

vivid-real-estate-stat-feb-2017 copy (6)...

Documents