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.
- Browse Point Grey homes for sale
- View available house listings in Dunbar neighbourhood
- Find the right home in Kerrisdale for you
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.
- Browse available house listings in Killarney
- View homes for sale in Renfrew
- Single-family houses in Hastings-Sunrise – home to Playland at the PNE
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.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Ken Stef for your convenience.