Here is a closer look at the detached housing market in Vancouver BC in November 2017. We will only consider resale houses. New construction and condo units are not included.
MLS Home Price Index
MLS Home Price Index of detached houses in Vancouver BC in November 2017 (see graph below)
Vancouver East: $1,573,500 | +6.7% (change since November 2016)
Vancouver West: $3,573,700 | +1.5% (change since November 2016)
Average Sales Price
Average Sales Price of detached houses in Vancouver BC in November 2017 (see graph below)
Vancouver East: $1,564,770 | +8.9% (change since November 2016)
Vancouver West: $3,749,045 | -2.4% (change since November 2016)
Average Percent Of Original Price
Average Percent of Original Asking Price of detached houses in Vancouver BC in November 2017 (see graph below)
Vancouver East: 96.5% | +2.6% (change since November 2016)
Vancouver West: 93.2% | +0.5% (change since November 2016)
Total Inventory
Total Inventory of detached houses in Vancouver BC in November 2017 (see graph below)
Vancouver East: 750 | -0.7% (change since November 2016)
Vancouver West: 731 | +17.7% (change since November 2016)
New Listings
New Listings of detached houses in Vancouver BC in November 2017 (see graph below)
Vancouver East: 209 | +2.5% (change since November 2016)
Vancouver West: 133 | +12.7% (change since November 2016)
Sales
Total Sales of detached houses in Vancouver BC in November 2017 (see graph below)
Vancouver East: 88 | +14.3% (change since November 2016)
Vancouver West: 79 | +23.4% (change since November 2016)
Sales to Actives Ratio
Sales to Active Listings Ratio of detached houses in Vancouver BC in November 2017 (see graph below)
Vancouver East: 0.117 | +14.7% (change since November 2016)
Vancouver West: 0.108 | +4.9% (change since November 2016)
In conclusion, Vancouver East and Vancouver West detached housing market are both balanced markets. Housing prices are for the most part staying flat. Inventory and sales levels are average for the season.