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What’s hot What’s Not – Vancouver Westside – Single Family for Nov 2016 - The market in the Westside is favouring buyers - Prices actually went up in October from $2.99m in Sept to $3.2m in October. The number of homes sold is less than ½ of the solds compared to October - Only 78 homes sold last month. Down 66% from April (peak sales) of this year - tricky - supply is low at 570 homes on market. What’s Hot (21% or more for a SR) - Mackenzie Heights - 9 / 17 sold here - 53% sales ratio - University area also strong - 6/ 12 sold - 50% sales ratio - which price categories favouring sellers - $2.25M - $2.5M - 12 / 26 sold 46% sales ratio - $3m - $3.5M - 11 / 48 - 23% sales ratio What’s not hot (14% or less for a sales ratio) - South Granville 5 / 76 - 7% sales ratio - Shaughnessy 6 / 67 sold - 9% sales ratio - which price category
Link to New Listing in MacKenzie Heights: http://davidsetton.com/mylistings.html/details-53057543
9 Sold Homes in MacKenzie Heights in October: http://davidsetton.com/what-is-selling-in-mackenzie-heights.html
What’s hot in the Mac Heights Single Family for Nov 2015 - before get into market update / sitting on stair - new listing at 2998 w. 31st av offered at $2.96 - home 12 yrs new & sits on a corner lot w/ park - seller orgin. owner custom built 3,250 sq.ft. - details in and links to the listing in descrip The Van Westside Single Fam market is very strong and very much fav sellers and Mac is no exception. - 9 Homes sold in Mac for between $1.9M which bought 35’ wide land on Blenheim St up to $4.5M for 3,300 sq.ft 15 yr old home with a view on 27th Ave. - most homes selling for close to asking price or over - 20 homes were available and on the market in Mac in Oct so to have 9 sales puts us in a strong seller’s market at a 45% SR (21% or greater)
What's hot What's Not -- Vancouver Westside -- Single Family for March 2014 Official Market type is favouring sellers - Avg $2.550M and 173 / 734 homes sold. Avg price up from Jan $2.380M avg. Highest price13 mo. What's Hot (21% or more for a Sales Ratio) -Cambie -very hot -- 41% Sales Ratio -- 18 / 44 -Mac Height - very strong - 39% Sales Ratio also 11 / 28 - $1.25M - $1.5M - 52% Sales Ratio smokin 14 / 27 sold - $2M - $2.25M - 16 / 43 or 37% Sales Ratio - $4M - $4.5M - 9 / 41 or 22% Sales Ratio really pick'd up What's not hot (14% or less for a Sales Ratio) - only 2 price points are weak right now - $4.5M - $5M 13% Sales Ratio with 5 / 37 sold - SW Marine 4 / 35 sold or 11% Sales Ratio - S. Granville - 13 / 93 sold or 14% Sales Ratio
That's what's hot and what's not for Single Family Market
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