Neighbourhood Market Statistics

Below are links to statistics pertaining to Sale prices and sales success ratios for neighbourhoods throughout the Lower Mainland. If you do not see a neighbourhood that you are interested in, pleas feel free to contact me any time by telephone (604-839-2501) or by email: info@keithpulling.com. 


NEIGHBOURHOODS: 

Downtown/West End/Yaletown Condominiums

Expo Line Skytrain - Investment Apartments

Millenneum and Evegreen Line - Investment Apartments

Coal Harbour

False Creek - Athlete's Village & Granville Island

Vancouver - West Side

Vancouver - East Side

Burnaby

 

North Vancouver

 

Maple Ridge


What’s the difference between a buyer’s and seller’s market?

The real estate market is cyclical – which is why you may have heard the term, “real estate cycle.” Several key factors influence this cycle, including interest rates, employment growth, investment growth, construction and even immigration. All influence whether there is a buyer’s market or a seller’s market. 

A buyer’s market is when there are many more homes for sale than there are buyers. As a result, prices may drop over time as home owners become eager to sell their property. 

A sellers market is when interest rates are low so there are many qualified buyers and not many homes for sale. Buyers must make quick decisions and face multiple offers on the home they have chosen to buy and prices can rise. 

To measure market activity, the Real Estate Board has a unique tool. It’s our Sales-to-Listings (aka. Sales Success) ratio which measures the balance between demand and supply: 

 

Official Market Types (Metro & Greater Vancouver)*:

Market Type/Sales Ratio 

Sellers Market: 21% & Greater
Balanced Market: 15 to 20%
Buyers Market: 14% & Less

*according to the Real Estate Board of Greater Vancouver


The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.