📊 Greater Vancouver Housing Market Snapshot (Sep 15, covering Sep 12–14)

🔹 New Listings: 177

🔹 Sales: 65

👉 Sell-to-New-Listing Ratio = 36.7%

✨ Weekend Highlights

📈 Stronger absorption than earlier in the week

🏢 Condos leading

🏘 Townhouses steady

🏡 Detached homes relying on price cuts

📊 Weekly Recap (Sep 8–14)

🔹 New Listings: 2,044

🔹 Sales: 349

👉 Sell-to-New-Listing Ratio = 17.1%

📌 Insights

📈 Back-to-school season → surge of new listings

🤔 Buyers remain cautious

🏢 Condos & townhouses more resilient

🏡 Detached homes under the most pricing pressure

💡 Tips for Sellers

Detached: Price close to the past 30-day comparables. One decisive adjustment works better than small step-downs.

Townhouse: Highlight school catchments, transit access & functionality — buyers pay premium for scarce features.

Condo: Stay in the “value-for-money” band; avoid overpricing.

💡 Tips for Buyers

Negotiation window remains, especially for detached homes & high-priced condos.

Act fast on quality townhouses.

Watch for the Bank of Canada rate decision (Wed) and new listing surges for extra bargaining power.

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