• ZwickChimes Home
 

 

Market Update

SEPTEMBER 2014

After a slow start to the month, August turned into a busy summer month for Vancouver Real Estate. The market picked up with activity across many different neighbourhoods and price points in Vancouver. Inventory was down in almost every market (typical at the end of summer), but there was still a lot of interest from Buyers and some strong absorption rates. Overall, prices are up slightly over last year.

We saw a lot of new listings (and re-lists of older listings) hit the market this past week, and that should continue throughout the fall. Keep you eye on the market and don't hesitate to let me know if you have any questions.

East Vancouver

The detached house market in East Van is still the most active market in Vancouver, with not enough (good) inventory to satisfy the number of eager Buyers. There was a drop in sales this past month due to the lack of inventory, but we should continue to see lots of activity in this market through the fall - the sales to active ratio is a high 31%. Average and median prices are hovering around the $1-million mark. Townhouses and half duplexes in East Van saw a big jump in average price per sqft - from $454 to $524 - thanks to lots of newly built units and continued interest from buyers looking to upgrade from their condo. The condo market in East Van has a lot of activity - with average prices hovering in around $350k and a strong 21% sales to active ratio.

Vancouver West

The detached house market in Vancouver West saw a drop in activity over the summer, with a slight increase in prices, but overall, the market has been steady over the last few months showing a balanced 15% sales to active ratio with average prices hovering around $2.4-million. Townhouses and half duplexes in Vancouver West are showing a good 21% sales to active ratio with average [rices around $900,000 and median prices in the low $700,000's. The condo market in Vancouver West is similar to the townhouse market with a strong sales to active ratio and lots of activity.

North Vancouver

The detached market is another busy area of Vancouver, with a strong 31% sales to active ratio and rising prices - average price is over $1-million. The townhouse and half duplex market in North Van is showing a 17% sales to active ratio with average and median prices in the high $600,000's. The condo market in North Van is increasing, with average and median prices above $400,000 and a 17% sales to active ratio.

Give me a call if you want to talk Real Estate.

Rob

 
CREATE CUSTOM SEARCH

Featured Listings

120 WEST 12th

  • FOR SALE! Offered at $819,000
  • 2 Bedrooms, 2 Bathrooms
  • 1,050 sqft
  • Quiet rear, 2 bedroom and den Coach House in Mt. Pleasant
  • Direct access to the private garage
More Details  See All Listings

2125 West 32nd

  • FOR SALE! Offered at $2,780,000
  • 4 beds, 3 baths
  • Great development opportunity
  • 8176sqft Lot with a rear property line of 76 feet
  • Backs onto Prince of Wales Park
  • Close to Kerrisdale
More Details  See All Listings

2742 CAMBRIDGE

  • SOLD! Offered at $1,350,000
  • 2,496 sqft
  • 4 Bedrooms, 3 Bathrooms
  • Complete restoration in 2008 to maintain character elements and add modern amenities
  • Mountain Views
More Details  See All Listings
 
...
Post CommentComments: 0Read Full Story
Categories:  | 919 Station Street | AD Project Insights | Arch Daily | architecture | architecture ideas | architecture, design, west coast | australian houses | average listings | average sales | big windows | brick wood glass | burnaby real estate statistics | Buyers | canada central bank | canadian economy | canadian housing market | canadian mortgage update | Chinatown | city of vancouver | cknw radio vancouver | compact japanese house | contemporary designs | contemporary home design | coquitlam duplex | Crosstown | december real estate statistics | decorating ideas | Della Valle + Bernheimer | design | detached | detached house north van | downtown townhome market | downtown vancouver | downtown vancouver condo | downtown vancouver condo market | downtown vancouver condos | downtown vancouver condos and townhomes | downtown vancouver living | Downtown Vancouver Market | Downtown Vancouver Real Estate | downtown vancouver townhomes | east van | east van condos | east van house | east van houses | east van market statistics | east van townhomes | east vancouver | east vancouver attached homes | east vancouver condos | East Vancouver Detached Homes | East Vancouver Homes | east vancouver real estate | Economist take on housing market | family retreat | february real estate market | freshome | Gastown | globe and mail | Grandview Vancouver Homes | green living | Home affordability | home design | home design ideas | home lighting | home renovations vancouver | home technology | Homes | homes in vancouver | house design | house remodel | Houses | Houzz | indoor outdoor | interest rates, borrowing, debt levels | interior design | Japanese Design | kits | kits condos | kits half duplex | kits houses | kits townhomes | kitsilano | kitsilano attached detached homes | kitsilano attached homes | kitsilano condo | kitsilano condos | kitsilano detached homes | kitsilano detached houses | kitsilano homes | kitsilano homes, townhomes, houses | kitsilano houses | kitsilano real estate | kitsilano real estate market | kitsilano townhomes | kitsilano vancouver condos | kitsilano vancouver real estate | laneway houses | LED lightbulbs | Left Bank | livekitsilano | lockitron | Market Statistics | Market Stats | market trends | market update | modern architecture | modern design | modern homes | mortgage helper | Mortgage rates | mortgages | mount pleasant, fraser, knight, main, hastings, grandview, refrew, victoria | narrow lots | nest protect | new developments | new home technology | New Listing | new york times | ninja blocks | north vacouver condos | north vancouver | North Vancouver Attached Homes | north vancouver condos | North Vancouver Detached Homes | north vancouver detached homes houses | north vancouver homes | north vancouver homes houses | north vancouver hosues | north vancouver house | north vancouver houses | North Vancouver Market | North Vancouver Real Estate | North Vancouver statistics | north vancouver townhome market | north vancouver townhomes | november 2012 | november sales statistics | october real estate statistics | Olympics | open house | point grey, kitsilano, arbutus, dunbar, fairview, mount pleasant, shaughnessy | properties | Real Estate | real estate april 2012 | Real Estate Board | REAL ESTATE NEWS | real estate newsletter | real estate newsletter, vancouver real estate news, market update, vancouver east, vancouver west, downtown vancouver, north van | real estate vancouver | remax crest realty westside | richmond real estate trends | Rob Zwick | Rob Zwick Monthly Market Update | rob zwick real estate | rob zwick realtor | Rob Zwick Unique Homes | Robbie Zwick | Robert Zwick | robzwick | robzwick.com | school locator | Selected | Sellers | single family homes | small space solutions | Statistics | Steel | storage | strathcona | the contemporist | toronto | townhomes townhouses | trends | unique homes | urban living | USA | van | van specials | Vancouver | vancouver bc | vancouver bc real estate | vancouver condos | vancouver east | vancouver east attached homes condos townhomes | vancouver east condo | vancouver east condos | vancouver east detached | vancouver east detached and attached homes | vancouver east detached homes | vancouver east detached homes houses | vancouver east detached houses | vancouver east half duplex | vancouver east houses | vancouver east real estate | vancouver east townhomes | vancouver home sales | vancouver homes | vancouver homes stats | vancouver house statistics | vancouver housing | vancouver housing market | vancouver mar | vancouver market statistics | VANCOUVER MARKET UPDATE | vancouver newsletter | Vancouver Olympics | vancouver real estate | vancouver real estate informatio | vancouver real estate information | vancouver real estate market statistics | vancouver real estate market update | vancouver real estate news | vancouver real estate newsletter | Vancouver real estate statistics | vancouver real estate update | vancouver real estate zwick | vancouver renovation | Vancouver school boundaries | Vancouver School Catchments | vancouver special | vancouver special blog | vancouver special burnaby | vancouver special exterior | vancouver special ideas | vancouver special renovation | vancouver update | vancouver west | Vancouver West Attached Homes | vancouver west condo | vancouver west condos | vancouver west condos townhomes town houses | vancouver west detached | Vancouver West Detached Homes | vancouver west detached homes houses | vancouver west detached house | Vancouver West Half Duplex | vancouver west homes | vancouver west houses | Vancouver west real estate | vancouver west statistics | vancouver west townhome | vancouver west townhomes | vancouver westside attached statistics | west coast | westside vancouver | wide lots | wood concrete construction | yo! home design | zwick real estate

                ROB ZWICK
 
QUICKLOOK
© Rob Zwick of RE/MAX® Crest Realty Westside 1428 West 7th Ave, Vancouver BC | Personal Real Estate Corporation | Site Map