April Market Recap – Vancouver Detached Homes
Vancouver Westside Single Family Homes
Sales Ratios Decline During Month of April
Single family home sales in Vancouver Westside dropped to 14% sales ratio for the month of April, after performing at a high of 21% sales ratio in the previous month. The Westside brought in 658 new detached house listings to the market and only 92 sales this month.
Majority of Luxury Listings in Vancouver Westside
Of all Vancouver West homes, there was an influx of upper-middle to luxury priced homes. 78% of all Westside listings this month were priced over $3.5M. Of these higher-end listings, 60% were homes priced above $5M (311 new listings). Westside homes above $7.5M brought in a lot of luxury inventory this month with 134 new listings and 10 sales.
Fastest and Slowest Selling Neighbourhoods
By sales ratio, Mount Pleasant homes sold the fastest this month with a 100% sales ratio, however this neighbourhood only brought in 2 new listings and 2 sales. Kitsilano and Arbutus sold very well this month, bringing in 69 listings and 19 sales (28% sales ratio).
South Granville and Shaugnessy homes sold the slowest of all Westside neighbourhoods this month. These homes collectively brought in 136 new listings and 4 sales (2.9% sales ratio).
Vancouver Eastside Single Family Homes
Eastside home sales followed a similar trend as the Westside with a decline in sales ratio after consecutive growth over the past 3 months. Single family home sales in Vancouver Eastside dropped to 23% sales ratio from 40% in the previous month.
Majority of Mid-Priced Listings in Vancouver Eastside
Unlike the Westside, which brought in a majority of listings over $5M, the Eastside did not bring in any inventory above $5.5M this month. Most Eastside house listings were priced between $1M and $3.5M. The price band with the most new listings was $1.75M – $2.0M homes in Vancouver Eastside. These homes had 108 new listings and 25 sales (23% sales ratio). The fastest selling price band was Eastside homes between $2M – $2.5M, bringing in 51 new listings and 24 sales (47% sales ratio).
Fastest Selling Vancouver East Neighbourhoods
Killarney single family homes sold the fastest this month with a 57% sales ratio (35 new listings, 20 sales). Fraser and Knight single family homes also sold very well, collectively bringing in 56 new listings and 21 sales (37% sales ratio). Hastings Sunrise, Renfrew, and Renfrew heights collectively brought in 97 new listings and 26 sales (27% sales ratio).
Wondering Which Neighbourhood is right for you?
Check out our community pages where we point out the location, amenities, and perks of each Vancouver neighbourhood! You can also contact the Filer & Welch team for more information on current market trends and all other inquiries.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Baxter Welch for your convenience.
