Erica Rendell

LET'S GET MOVING

What's the market speed in Vancouver's Fairview neighbourhood?

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 

 

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