Vancouver's Fairview sales at a glance! June 2016
Price band Inventory Sales Sales Ratio
$400,001 – $500,000 36 48 100%
$500,001 – $600,000 41 42 100%
$600,001- $700,000 56 49 88%
$700,001-$800,000 35 31 89%
Overall in Fairview there were 59 attached homes listed for sale and there were 58 sales. This is a 98% Sales ratio!
What is sales ratio percent as reported in Fairview?
The speed of which the current inventory of homes are selling. It is also known as the Sales-to-Active Listing Ratio and defines the official market type.
The formula: sales for the month ./. Active listings (Inventory) = % of Homes Selling Rate in Fairview
Fact: it is a sellers’ market when we have more than 21% sales or greater. We currently have 98% sales ratio across the raider in Fairview so the market is over heated.
DAYS ON MARKET AVERAGE 11
The Most active price band is between $400,000 & $500,000 with average > 100% Sellers Ratio ( Sellers’ Market!)
If you are thinking of selling your Fairview home feel free to call me for a FREE home evalutaion. 604-724-0725