Single-Family Homes in Vancouver – Comparing East & West in October 2022

Vancouver West

House sales are up in Vancouver’s Westside as total sales saw a 35% bump from September. The total inventory shrank 11%, but the price-related stats have largely remained stable despite this continuing adjustment period. The sale to list price ratio – averaging the differences between asking prices and offers – has increased by 5% to sit at 98%. This means the average home is only selling for 2% under the listing price, which could reflect stronger economic stance in October.

Single-family homes costing from $2,000,000 to $2,500,000 were the most active price band with 105% sales ratio for October. The next most active price band in Vancouver West was homes priced between $2,500,000 to $2,750,000 – at a more reasonable 55% sales ratio. These are below the average sale price in Vancouver West so it’s likely that these are more attainable and affordable properties for homebuyers to get.

The SnapStats report for October 2022 summarizes the Buyer’s Best Bet as a house priced from $5.5M to $6M in Cambie, Marpole, Shaughnessy or South Granville

This definition fits a beautiful, heritage mansion in Vancouver’s prestigious Shaughnessy neighbourhood at 1903 W 19th Avenue, First Shaughnessy, Vancouver.

Vancouver East

The majority of home sales in Vancouver East are concentrated in a specific price range from $1,250,000 to $1,750,000. These sales in this price range amount to about 80% of the total sales. Choose the right Vancouver East home costing $1.25M to $1.75M for you.

In Vancouver East, the detached homes with a minimum of 3 bedrooms and a maximum of 4 bedrooms sold the best with a 20% sales ratio. Not only that, these homes accounted for almost 45% of total house sales. Browse 3-4 bedroom homes in Vancouver’s Eastside.

While there were only a handful of neighbourhoods which had zero sales in the last month, the highest performing markets which drew homebuyers were Killarney, Renfrew and Hastings-Sunrise. Killarney led with 32% sales ratio, followed by 29% sales ratio for Hastings-Sunrise and finally Renfrew had a 26% sales ratio. These neighbourhoods have made frequent appearances in market updates as top contenders and will likely continue to be popular with homebuyers.

According to the SnapStats report for October 2022, the Buyer’s Best Bet is a house in Knight, Collingwood or Victoria VE with a minimum 5 bedrooms priced between $2.75M to $3M.

Listings in Kitsilano, Vancouver West

2695 W 14th Avenue, Kitsilano, Vancouver West photo number 2
New Listing
2695 W 14th Avenue  
Kitsilano, Vancouver West
$4,680,000 House 4 Beds 4 Baths 3,255 sqft

Listed by RE/MAX Crest Realty.

3039 W 16th Avenue, Kitsilano, Vancouver West photo number 2
New Listing
3039 W 16th Avenue  
Kitsilano, Vancouver West
$3,998,000 House 7 Beds 5 Baths 3,503 sqft

Listed by Sutton Group-West Coast.

2689 Maple Street, Kitsilano, Vancouver West photo number 2
New Listing
2689 Maple Street  
Kitsilano, Vancouver West
$1,988,000 Office 1,178 sqft

Listed by RE/MAX Treeland Realty.

Vancouver, Fraser Valley and Chilliwack MLS® Reciprocity Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Ken Stef for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.