The real estate market in Vancouver has been slower in March than it was for the first two months of the year but March sees the average sale price up and the average days on the market down. So, fewer sales but higher prices and homes selling faster
March is always a busier month than January and February, but clearly the new mortgage rules have brought the buyers into the market earlier this year. Last year the Olympics skewed the Spring market.
Vancouver west side homes
March has had 165 sales published by MLS with an average of 25 days on the market, a list price to sale price ratio of 103% (indicating most homes selling above list price) and an average sale price of $2,209,193.
February had 229 sales, average sale price of $2,350,911, average days on market were 28 and a list price to sale price ratio of 102%
Vancouver east side homes
March has 110 sales, average sale price of $823,578, average of 17 days on the market .
February had 144 sales, average sale price of $809,594 and an average of 32 days on the market
Vancouver west side condo
March has 320 sales, an average of $631psf and 32 average days on the market.
February had 516 sales, an average of $606psf and 43 average days on the market
Vancouver east side condo
March has 72 sales, an average of $474psf, and 22 average days on market
Feb had 109 sales, an average of $463psf and 30 average days on market