Blog

Get 12 Sold Homes: http://davidsetton.com/what-is-sellin...

What’s hot in the Kitsilano Single Family for May 2017
- The Van Westside Single Family market has transitioning from buyers to balanced. market.
- Kitsilano has been doing exceptionally well and is now favouring sellers. 
- 12 Homes sold in Kits last mo.
- least expensive home sold for $1.89M. which would have bought a 107 yr old home on Cypress & 5th Ave - most expensive sold for $3.6M for another 100 yr old home on 1st Ave & Dunbar.
- only 44 homes were available and on the market in Kits in Feb so to have 12 sales puts us in a seller’s market at a 27% sr
- Sold values in Kits are at $2.9M lower than the median price for a home in the Westside - now at $3.2M.
If you like to take a look at these sales, I have a new package you can download at the link below map locating them and photos and details for each property. specialize

Post CommentComments: 0Read Full Story

Download your own Stats Package Here: http://davidsetton.com/snapstats.html

What’s hot What’s Not – Vancouver Westside – Single Family for May 2017
- Westside single fam market remains in a balanced market. Right where it should be.
- Median Prices came down 5% in April to $3.2M
- 111 homes sold in April
- Inventory still low only 561 single family homes available

What’s Hot (21% or more for a SR)
- which areas are strongest - Quilchena and Dunbar
- Dunbar 18 / 68 sold 26% sales Ratio 21% or more
- Quilchena 7 / 23 sold 30% sales ratio
- price point strongest & fav sellers
- $2.25M - 2.5M 12 / 12 100% sr
- $3M - $3.5M 20 / 57 35% sr

What’s not hot (14% or less for a SR)
- Southlands 2 / 25 - 8% sr
- Shaughnessy 2 / 62 sold - 3% sr
- which price category
- anything over $4.5M - buyers market - 210 homes priced over $5M - only 16 sold. 8% sr. anything under 14% is a buyers market

Post CommentComments: 0Read Full Story

Get 15 Sales here: http://davidsetton.com/what-is-selling-in-kitsilano.html

What’s hot in the Kitsilano Single Family for March 2017

- The Van Westside Single Fam market picked up in Feb transitioning from buyers to bal. mrk.

- Kitsilano did exceptionally well and is now fav sellers.

- 15 Homes sold in Kits last mo.

- least expensive home sold for $2.1M. which would have renovated older home on 10th ave

- most expensive sold for $17M for a 42’ wide piece of land on PT Grey Rd.

- only 36 homes were available and on the market in Kits in Feb so to have 15 sales puts us in strong seller’s market at a 42% sr

- Sold values in Kits are higher at $3.3M than the median price for a home in the Westside - now at $3.1M. First time that I have seen this.

If you like to take a look at these sales, I have a new package you can download at the link below map locating them and photos and details for each property. specialize ph num


Post CommentComments: 0Read Full Story

Download Report Here: http://www.davidsetton.com/snapstats.html

What’s hot What’s Not – Vancouver Westside – Single Family for March 2017

- Westside single fam market has moved from a buyer’s market in Jan to a balanced in Feb

- Median Prices jumped up 10% in 1 mo. to $3.1M

- 93 homes sold in Feb

- doesn't sound like a lot, but only 544 homes were available

What’s Hot (21% or more for a SR)

- In Jan, not one neighbourhood was fav sellers.  In Feb, 4 neighbourhoods fav. sellers

- Num of sold homes are up 151% in 1 mo.!

- which areas are strongest - Kits and PT Grey

- Kits 15 / 36 sold 42% sales Ratio 21% or more

- special report on kits - link above

- price point strongest & fav sellers

- $2.25M - 2.5M          10 / 10          100% sr

What’s not hot (14% or less for a SR)

- South Granville 5 / 67 - 7% sr

- Shaughnessy 2 / 68 sold - 3% sr

- which price category

- anything over $4.5M - buyers market -  212 homes priced over $5M  - only 8 sold. 4% sr. anything under 14% is a buyers market


Post CommentComments: 0Read Full Story

Download Statistics: http://davidsetton.com/snapstats.html

What’s hot What’s Not – Vancouver Westside – Single Family for Feb 2017

- Westside is definitely fav buyers

- Median Prices dropped dramatically between Dec of last year and Jan of this year.  

- only 37 sing fam homes sold in Jan

- last time i saw so few sales after the financial crisis in Oct/Nov 2008

- supply is still low at 537 homes

- difference in Oct 2008 we had 1015 listings

What’s Hot (21% or more for a SR)

- Not one neighbourhood is favouring sellers

- Strongest market was Point Grey 9 / 56 -  bal

- which price categories favouring sellers

- $2M - 2.25M          2 / 9          22%

- $2.25M - 2.75M     10 / 33      30%

What’s not hot (14% or less for a SR)

- South Granville 1 / 67 - 1% sr

- Shaughnessy 2 / 62 sold - 3% sr

- which price category

- anything over $2.75M - buyers - 208 homes priced over $5M  - only 5 sold - ironic.

My take download


Post CommentComments: 0Read Full Story

Get Statistics Specific to Your Neighbourhood: http://davidsetton.com/snapstats.html

The Vancouver Westside Single Family Market has changed.  We have a 15% tax on foreign buyers.  We have a vacancy tax to homes that are not occupied. We have very few sales and little inventory.  We have high city assessed values because assessments were do in July last year and they are no longer relevant.  This gives sellers high expectations on the price of their homes.  We have changing rules around mortgages and lenders are stress testing mortgages by looking more closely at income.  It is no longer enough to have a large down payment.


Sellers are holding on to a past construct where buyers will come no matter what they price their homes at.  This has worked in the past because market values eventually caught up with the sellers prices.  Some realtors are doing a poor job educating their clients on market values and think it is enough to just take a listing at any price and put up a sign on the property to sell a home.


Here is my take on how Sellers could deal with this changed market and the 3 things that I would suggest:


  1. Now more than ever, it is important to price your home as accurately as possible right from the start.  Remember, because market values is not longer rising, sellers should try to get under the market and price at or a little bit lower than the last comparable sale.  If a seller wants to try a higher price, they should be willing to adjust price within 2 to 3 weeks of the listing hitting the market if an offer is not received.

  2. Be willing to look at offers that are subject to the sale of another home.  The Vancouver Westside Single Family Market has essentially stalled.  Seller’s are hesitant to list their homes on the market, because they can’t find something suitable to buy due to the lack of inventory. Buyers are hesitant to buy because their is little choice and they don’t know where the values are because there are very few sales.  A subject to sale offer solves these issues by giving a buyer certainty that they will have time to sell before buying.  That being said before accepting a subject to sale offer, make sure that the buyer has their home priced accurately.

  3. Take a deposit upfront.  In the past when a subject offer is made the deposit would be due on subject removal.  If a seller wants to know if a buyer is serious about buying their home, take $10,000 - $15,000 as a deposit as soon as the offer is accepted.  Although this money would typically be refundable if subject conditions are not removed, it makes the buyer go through the process more seriously and as a seller you are much more likely to the subject conditions removed.  If anything psychologically it makes the buyer more committed to moving forward with the purchase.


If you are interested in learning more about the Westside Single Family Market or other markets in Metro Vancouver, I have a great stats package for both condos and single family homes for all areas including Richmond, East Vancouver, North Vancouver, West Vancouver.  You can download this package of information by clicking on the link in the description.


Post CommentComments: 0Read Full Story

Download Special Information Update: http://davidsetton.com/15-foreign-tax.html
Special Report - Vancouver Detached Single Family Homes Westside - Impact from Foreign 15% Tax
- take a few minutes to how new 15% tax introduced Aug 2nd has impacted single family market in Vancouver Westside
- look at 3 variables see how changed since tax introduced and since this time last year.
1) inventory, 2) # sales 3) Sale Price
1) Inventory: here is the challenge for buyers in the Westside - inventory hasn’t really changed since Aug or this time last year. +/- 1%. This is why we will see prices haven’t moved much.
2) # Sales: Sales are actually up since Aug when the tax was intro. by 24% but when you look at Oct 2015 comp to now sales are dn 52%
3) Sale Price: down 9% comp to Aug this year, but we are still up 10% compared to Oct 2015.
Lots of stats! One last thing - strong seller’s market in Oct 2015 now market favouring buyers.
Information package Westside, North Vancouver, Richmond, Burnaby, Surrey, Coquitlam

Post CommentComments: 1Read Full Story

Download 10 Sales Here: http://davidsetton.com/what-is-selling-in-kitsilano.html
What’s hot in the Kitsilano Single Family for November 2016
The Van Westside Single Family market is now favouring buyers but the Kitsilano market is balance.
- 10 Homes sold in Kits for between $1.395M for a 1925 built home on a 42 x 54 lot up to $3.28M for a 2015 built home on a 33 x 122 lot on 16th Ave
- 49 homes were available and on the market in Kitsilano in October so to have 10 sales puts us in a balanced market at a 20% SR (21% or more is a seller's market)
- Sold values in Kitsilano are lower at $2.3M than the median price for a home in the Westside - now at a $3.2M
If you like to take a look at these sales, I have a new package you can download at the link below map locating them and photos and details for each property.

Post CommentComments: 0Read Full Story

Download 6 Home Sales Here: http://davidsetton.com/what-is-selling-in-kitsilano.html

What’s hot in the Kitsilano Single Family for  2016

The Van Westside Single Fam market is now favouring buyers and Kitsilano is no exception.

- only 6 Homes sold in Kits for between $2M. 1930 built home on a 38 x 103 lot up to $5M for a 2013 built home on a 50 x 125 lot in kits point.

- 48 homes were available and on the market in Kits in Aug so to have 6 sales puts us in a buyer’s market at a 13% SR (14% or less)  

- Sold values in Kits are lower at $2.4M than the median price for a home in the Westside - now at a staggering $3.5M

If you like to take a look at these sales, I have a new package you can download at the link below map locating them and photos and details for each property. specialize ph num

Post CommentComments: 0Read Full Story

Download your own stats package here: http://davidsetton.com/snapstats.html
What’s hot What’s Not – Vancouver Westside – Single Family for Sept 2016
- The market in the Westside is now favouring buyers.
- Although prices are steady at an all time high of $3.5m, the number of homes sold is way down.
- Only 63 homes sold last month. Down 70% from April (peak sales) of this year
- tricky is supply is low at 574 homes on market.
- Stalemate now between buyers and sellers,
What’s Hot (21% or more for a sales ratio or S.R.)
- Point Grey most active
- 7 / 37 sold here - 19% s.r.
- which price categories favouring sellers
- $2M - $2.25M - 5 / 15 sold 33% s.r.
- $2.5m - $2.75M - 8 / 19 - 42% s.r.
What’s not hot (14% or less for a SR)
- Marpole 2 / 48 - 4% sr
- Arbutus 2 / 28 sold - 7% sr
- which price category
- $4.5m plus price category 16 / 302 sold 5% sr

Post CommentComments: 0Read Full Story

Download Statistics for Your Area: http://david-setton.myrealpagewebsite.com/_media/Documents/SnapStats/MVR%202016%20June.pdf

Download Statistics for Your Area: http://david-setton.myrealpagewebsite.com/_media/Documents/SnapStats/MVR%202016%20June.pdf
What’s hot What’s Not – Vancouver Westside – Single Family for May 2016
- Continues to favour sellers. Median prices are at a record of almost $3.7m.
- Supply still very low at 557 homes on market. - market is changing only 152 homes sold last month down 30%
- eventually downward pressure on prices
What’s Hot (21% or more for a SR)
- Kerrisdale and MacKenzie Hights most active
- 14 / 30 sold in Kerrisdale - 47% s.r.
- MacKenzie Hights - 9 / 17 sold - 53% s.r.
- which price categories favouring sellers
- $2.5M - $2.75M - 12 / 15 sold 80% s.r.
- $3m - $3.5M - 26 / 51 - 51% s.r. few months ago this price band much stronger at 80% s.r.
What’s not hot (14% or less for a SR)
- Quilchena, Mount Pleasant, Shaughness - balanced market in these areas. 14 - 16% s.r.
- which price category - expensive homes price resistance - ex only 33 / 236 in the $5M+ cat


Post CommentComments: 0Read Full Story

Download 22 home sales here: http://davidsetton.com/what-is-selling-in-kitsilano.html
What’s hot in the Kitsilano Single Family for May 2016
The Van Westside Single Fam market is very strong and very much fav sellers and Kits is no exception.
- 22 Homes sold in Kits for between $2M bought you a 100 yr old home on a 40’ x 50’ in up to $5.78M for a 2013 built home in kits point on a 33 x 118 lot.
- 43 homes were available and on the market in Kits in April so to have 22 sales puts us in a strong seller’s market at a 51% SR (21% or greater)
- Sold values in Kits are lower at $2.84M than the median price for a home in the Westside - now at a staggering $3.69M
If you like to take a look at these sales, I have a new package you can download at the link below map locating them and photos and details for each property. specialize ph num

Post CommentComments: 0Read Full Story

Get sold homes: http://davidsetton.com/what-is-selling-in-kitsilano.html

What’s hot in the Kitsilano Single Family for April 2016

The Van Westside Single Fam market is very strong and very much fav sellers and Kits is no exception.

- 27 Homes sold in Kits for between $1.335M bought coach house up to $5.65M for a 2014 built home on a 33 x 118 lot in kits point.

- 39 homes were available and on the market in Kits in Feb so to have 27 sales puts us in a strong seller’s market at a 69% SR (21% or greater)  

- Sold values in Kits are lower at $2.5M than the median price for a home in the Westside - now at a staggering $3.5M

If you like to take a look at these sales, I have a new package you can download at the link below map locating them and photos and details for each property. specialize ph num


Post CommentComments: 0Read Full Story

Download your statistics package here: http://davidsetton.com/snapstats.html

What’s hot What’s Not – Vancouver Westside – Single Family for Mar 2016

- Just when we thought….

- Continues to favour sellers. Median prices dropped slightly by $61k between Jan and Feb. Now median is $3.43M.

- Supply came up slightly from last month, but still very low at 547 homes on market. 224 Sold

What’s Hot (21% or more for a SR)

- almost every area in the westside is fav sell

- MacHeights and Dunbar most active

- 16 / 17 sold in MacHt - 94% s.r.

- Dunbar - 40 / 59 sold - 68% s.r.

- almost price category favouring sellers

- $2M - $2.25M - 14 / 13 sold  108% s.r. Sys can’t keep up

- $2.75m - $3M - 33 / 34 - 97% s.r.

What’s not hot (14% or less for a SR)

- 1 area is weaker - S. Cambie - 1 / 13 sold

- homes over $5m 191 homes in this price and only 29 sold (15% sales ratio - edge of a buyers

Post CommentComments: 1Read Full Story

What’s hot in the Kitsilano Single Family for March 2016

Download homes sold here: http://davidsetton.com/what-is-selling-in-kitsilano.html

The Van Westside Single Fam market is very strong and very much fav sellers and Kits is no exception.

- 13 Homes sold in Kits for between $2.1M bought 32’ x 88’ RM-4 zoned rev prop on Maple St up to $4.23M for a renovated home on 1st ave steps to jericho beach

- 12 / 13 homes sold for over asking price

- 33 homes were available and on the market in Kits in Feb so to have 13 sales puts us in a strong seller’s market at a 42% SR (21% or greater)  

- Sold values in Kits are lower at $2.5M than the median price for a home in the Westside - now at a staggering $3.4M


Post CommentComments: 0Read Full Story

Download 11 Sold Properties Here: http://davidsetton.com/what-is-selling-in-kitsilano.html

Download 11 Sold Properties Here: http://davidsetton.com/what-is-selling-in-kitsilano.html
What’s hot in the Kitsilano Single Family for February 2016
The Van Westside Single Family market is very strong and very much fav sellers and Kits is no exception.
- 11 Homes sold in Kits for between $1.85M bought 33’ x 115’ land on 10th ave up to $4.180M for 1990 home on a 49’ x 122' lot
- 11 / 14 homes sold for over asking price
- 11 homes were available and on the market in Kits in January so to have 11 sales puts us in a strong seller’s market at a 79% SR (21% or greater)
- Sold values in Kits are lower at $2.75M than the median price for a home in the Westside - now at a staggering $3.5M
If you like to take a look at these sales, I have a new package you can download at the link below map locating them and photos and details for each property.

Post CommentComments: 1Read Full Story

Get your own statistics specific to your area: http://davidsetton.com/snapstats.html

What’s hot What’s Not – Vancouver Westside – Single Family for February 2016
- Continues to favour sellers. Median prices rose by $300k or 10% between Dec and Jan. Now median is $3.5M.
- Supply very low at 456 homes on market. 133 Sold
What’s Hot (21% or more for a SR)
- almost every area in the westside is favoring sellers
- Kits and Arbutus most active and great sales
- 11 / 14 sold in Kits - 79% s.r. (special report)
- Arbutus - 13 / 15 sold - 87% s.r. (mistake in video)
- almost price category favouring sellers
- $1.75M - $2M - 4 / 10 sold in this cat 40% s.r.
-$2.25m - $2.75M - 22 / 55 - 40% s.r.
What’s not hot (14% or less for a SR)
- 1 area is weaker - University - 2 / 15 sold
- homes over $5m 144 homes in this price and only 21 sold (15% sales ratio - edge of a buyers market)

Post CommentComments: 0Read Full Story

What’s hot in the Kitsilano Single Family for Jan 2016
See all homes that sold in Kitsilano last month here: http://davidsetton.com/what-is-selling-in-kitsilano.html
The Van Westside Single Fam market is very strong and very much fav sellers and Kits is no exception.
- 11 Homes sold in Kits for between $1.851M bought 33’ x 115’ land on 8th ave up to $3.3M for two ½ duplexes on a 49’ x 110 on 5th Ave
- 10 / 11 homes sold for over asking price
- 11 homes were available and on the market in Kits in Dec so to have 11 sales puts us in a strong seller’s market at a 100% SR (21% or greater)
- Sold values in Kits are lower at $1.9M than the median price for a home in the Westside - now at a staggering $3.2M
If you like to take a look at these sales, I have a new package you can download at the link below map locating them and photos and details for each property. specialize ph number

Post CommentComments: 0Read Full Story

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)

Post CommentComments: 0Read Full Story

Download Market Report for your Area: http://davidsetton.com/snapstats.html
What’s hot What’s Not – Vancouver Westside – Single Family for Nov 2015
- Continues to favour sellers. Median prices have stab at $2.9M for last 6 mo.
- Supply remains very constrained 565 homes on market. 162 Sold

What’s Hot (21% or more for a SR)
- almost every area in the westside is fav sell
- Kits and Dunbar most active and great sales
- 22 / 29 sold in Kits - 76% s.r. incredible
- Dunbar - 27 / 56 sold - 48% s.r.
- almost price category favouring sellers
- $1.5M - $1.75M - 100% s.r. 10 / 10 sold
- $2.75M - $3M - 22 / 53 - 42% s.r.
What’s not hot (14% or less for a SR)
- 1 area is weaker - shaughnessy - 7 / 87 sold - - where alot of the expensive homes are loc.
- believe it or not we had 151 homes priced over $5M - only 14 of them sold

Post CommentComments: 0Read Full Story