Let’s take a look at the detached housing market in Vancouver BC in October 2017. We will be looking at detached properties only.
Average Sales Price
Average Sales Price of detached houses in Vancouver BC in October 2017 (see graph below)
Vancouver East: $1,666,965 | +7.7% (change since October 2016)
Vancouver West: $4,285,891 | +20.8% (change since October 2016)
Average Percent of Original Price
Average Percent of the Original Asking Price of detached houses in Vancouver BC in October 2017 (see graph below)
Vancouver East: 97.8% | +1.1% (change since October 2016)
Vancouver West: 92.4% | -1.2% (change since October 2016)
Total Inventory
Total Inventory of detached houses in Vancouver BC in October 2017 (see graph below)
Vancouver East: 760 | +2.3% (change since October 2016)
Vancouver West: 790 | +17.0% (change since October 2016)
New Listings
All New Listings of detached houses in Vancouver BC in October 2017 (see graph below)
Vancouver East: 235 | +3.5% (change since October 2016)
Vancouver West: 201 | +26.4% (change since October 2016)
Sales
Total Sales for detached houses in Vancouver BC in October 2017 (see graph below)
Vancouver East: 103 | +63.5% (change since October 2016)
Vancouver West: 99 | +28.6% (change since October 2016)
Sales to Actives Ratio
Sales to Active Listings Ratio for detached houses in Vancouver BC in October 2017 (see graph below)
Vancouver East: 0.136 | +60.0% (change since October 2016)
Vancouver West: 0.125 | +9.6% (change since October 2016)
In conclusion, based on sales to active listings ratio both Vancouver East and Vancouver West are balanced markets. Detached housing market prices in Vancouver are stagnant. It will be interesting to see how the market will react to the new “stress test” in early 2018.