As a REALTOR®, I always get asked “what is the market doing?” and I always have to answer with “it depends”. For instance, the market for single-family homes in Point Grey is likely going to differ from that of studios in Yaletown. For this reason, I like to share monthly SnapStats with my clients, or anyone interested in staying up-to-date with the activity in different Metro Vancouver markets.
- What the Official Market Type* is for individual price ranges. Is it a buyer, sellers or balanced market?
- What the Official Market Type is for individual neighbourhoods.
- What the odds are of a home selling today in any price band and in any neighbourhood. (1 in 10? 1 in 100?)
- The past twelve month trends for sale prices, active listings and number of sales.
* Market Types according to the Real Estate Board of Greater Vancouver and most industry analysts:
- 0 – 14%: Buyers Market
- 15% – 20%: Balanced Market
- 21% & Greater: Sellers Market
