Vancouver Detached Housing Market Real Estate Update – September 2017

Here are statistics for the Vancouver detached housing market for September 2017. We will look at resale properties only. No new construction. Strata units such as condos and townhouses have a separate market update.

• Also see”Downtown Vancouver Condo Market Update – September 2017 (1 bedroom)“

Average Sales Price

Average Sales Price of detached houses in Vancouver BC in September 2017 (see graph below)

Vancouver East: $1,639,802 | +3.1% (change since September 2016)

Vancouver West: $4,105,927 | +10.9% (change since September 2016)

Average Percent of Original Price

Average Percent of Original Price for the detached houses in Vancouver BC in September 2017 (see graph below)

Vancouver East: 98.0% | +0.1% (change since September 2016)

Vancouver West: 93.5% | -1.0% (change since September 2016)

Total Inventory

Total Inventory of detached houses in Vancouver BC in September 2017 (see graph below)

Vancouver East: 765 | +6.4% (change since September 2016)

Vancouver West: 810 | +12.5% (change since September 2016)

New Listings

All new listings of detached houses in Vancouver BC in September 2017 (see graph below)

Vancouver East: 264 | -7.7% (change since September 2016)

Vancouver West: 302 | +25.8% (change since September 2016)

Sales

All sales of detached houses in Vancouver BC in September 2017 (see graph below)

Vancouver East: 91 | +35.8% (change since September 2016)

Vancouver West: 73 | +17.7% (change since September 2016)

Sales to Actives Ratio

All sales to active listings ratio of detached houses in Vancouver BC in September 2017 (see graph below)

Vancouver East: 0.119 | +28.0% (change since September 2016)

Vancouver West: 0.119 | +28.0% (change since September 2016)

In conclusion, Vancouver housing market is showing signs of slowing down. Vancouver West is a strong buyer’s market with Vancouver East slowly shifting towards a buyer’s market. High inventory levels of available houses for this season. Average sale price for detached houses is holding strong with Vancouver West increasing by 10% as compared to September 2016.