See what’s selling in Kitsilano here: https://davidsetton.com/market-updates.html


What’s selling in the Vancouver Kitsilano Single Family Market? Unlike the rest of the Vancouver West Side single family market, Kitsilano is favouring sellers with 44% of homes sold.  


Seven homes sold in Kitsilano last month. The most expensive home sold for $5.5M.  This would have bought you a 1 year old custom built home on 13th Avenue on a 50 foot wide by 125 foot deep lot. This home was originally listed for $6.5M in November last year.


The least expensive home sold for $1.9M.  This would have bought you a 93 year old home on Waterloo Street on a 33 foot by 120 foot deep lot.  This home originally sold for $2.1M in 2015.


16 homes were available and on the market in Kitsilano last month.  To have 7 homes sell puts us in a seller’s market with 44% of the homes selling.


Sold values in Kitsilano are at a median price of $2.65M about $500,000 lower than the median price for a home in the West Side which is now at around $3.2M.

If you like to take a look at these sales, I have a new package you can download at this link: https://davidsetton.com/market-updates.html

 
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Statistics for Your Area Here


What’s hot What’s Not – Vancouver West Side Single Family Market Update for May 2020


Covid 19 has definitely had an impact on the Vancouver West Side Single Family Market. The market is now favouring buyers. Median prices are down $400,000 from January at $2.8M. Inventory is very low at 421 homes listed and on the market. 37 homes sold in April. This is about 9% of the homes that were available.


What’s Hot (21% or more of the homes sold)


Which neighbourhood is strong and favouring sellers now? Kitsilano is the strongest and you can find a special report on Kitsilano here: https://davidsetton.com/market-updates.html. 4 homes sold in Kitsilano last month. 14 homes were available and on the market in Kitsilano. This means that 29% of the homes that were available sold in Kitsilano. Remember that the real estate board defines a seller’s market when more that 21% of the homes sell in a given month.


Which price point strongest & favouring sellers? Any home priced between $1.75M and $2M is selling very quickly. This price point is strong with about 60% of homes selling.


What’s not hot (14% or less for homes sold in a given month)


Which neighbourhoods are weak and favouring buyers? SW Marine Dr is weak favouring buyers. Only 6% of homes sold in this area. Remember that the Vancouver Real Estate Board defines a market favouring buyers when less than 14% of the home sells in a given month.


Which price category is weak right now and favouring buyers? Anything over $3,000,000 is really weak. There are currently 335 properties that are priced over $3,000,000 and only 5% of these homes sold last month.

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See what’s selling in Kitsilano here


What’s selling in the Vancouver Kitsilano Single Family Market?


Unlike the rest of the Vancouver West Side single family market, Kitsilano is favouring sellers with 60% of homes sold.


Four homes sold in Kitsilano last month. The most expensive home sold for $2.5M. This would have bought you a 25 year old partially renovated home on 13th Avenue on a 33 foot wide by 122 foot deep lot.


The least expensive home sold for $1.4M. This would have bought you a 109 year old home on Stephens Street on a 25 foot by 80 foot deep lot. This home was originally listed for sale at $1.9M two years ago.


14 homes were available and on the market in Kitsilano last month. To have 4 homes sell puts us in a seller’s market with 29% of the homes selling.


Sold values in Kitsilano are at a median price of $2,2500,000 about $600,000 lower than the median price for a home in the West Side which is now at around $2,800,000. If you like to take a look at these sales, I have a new package you can download at this link

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See what’s selling in Kitsilano here


What’s selling in the Vancouver Kitsilano Single Family Market?


The Vancouver West Side Single Family Market is now favouring Sellers The Kitsilano market is also favouring sellers with 50% of homes sold.


Eight homes sold in Kitsilano last month. The most expensive home sold for $3.1M. This would have bought you a 95 year old home on a 49 foot wide by 80 foot deep lot on Point Grey Road. This home was originally listed for sale at just under $6M two years ago.


The least expensive home sold for $2.1M. This would have bought you a 92 year old home on 12th Avenue on a 33 foot by 122 foot deep lot.


16 homes were available and on the market in Kitsilano last month. To have 8 homes sell puts us in a seller’s market with 50% of the homes selling.


Sold values in Kitsilano are at a median price of $2,500,000 about $500,000 lower than the median price for a home in the West Side which is now at around $3,000,000. If you like to take a look at these sales, I have a new package you can download at this link

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Example Video


Now more than ever it is important to harness technology when selling a home. So how do real estate agents use technology to sell a home? Obviously harnessing the internet in as many ways as possible will attract potential buyers to your property. Here are 3 ways to use the internet to draw buyers to your home.


This one may seem simple, but make sure the data is entered correctly with your real estate board (on the MLS system). Agents representing buyers help them by setting up automated property searches and your home will not come up if the search is set up to include a feature that is not entered properly to begin with by the listing agent. Now let's get the more exciting stuff. A professionally produced video is critical (professional photos is a given). A well done video not only includes information on your home, but also includes information about the location and neighborhood. It should be filmed professionally with either a voiceover or background music. Drone video could also be incorporated into the video to highlight views and the locations. Last but not least include a floor plan with virtual walkthrough of the property. Including a floor plan really helps buyers to understand how the rooms are interconnected. A professionally measured home could also keep you the seller out of hot water if there is ever a dispute over the size of the home you are selling. The floor plan should be included online as one of the photos for your home so that people actually see it.


Social media such as Youtube, Instagram and Facebook should be used to direct internet traffic back to the online listing.


If you are interested in seeing some of these online tools I will link below to some of the videos, virtual walkthroughs for a few sold homes.


My name is David Setton with Oakwyn Realty and Answers in Real Estate. I specialize in marketing homes in Vancouver West. You can reach me at 604-808-9796.

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See what’s selling in Kitsilano here


What’s selling in the Vancouver Kitsilano Single Family Market? The Vancouver West Side Single Family Market continues to favour buyers. Unlike the rest of the West Side single family market, the Kitsilano market is now favouring sellers.


Seven homes sold in Kitsilano last month. The most expensive home sold for $3.45M. This would have bought you a 3 year old home on a 33 foot wide lot on 10th Avenue. This was a contemporary home with a laneway house in the back. It sold for $75,000 less than it sold for in May of 2017.


The least expensive home sold for $1.75M. This would have bought you a 109 year old RT 8 zoned property on 5th Avenue on a 34 foot by 110 foot deep lot.


17 homes were available and on the market in Kitsilano last month. To have 7 homes sell puts us in a seller’s market with 41% of the homes selling.


Sold values in Kitsilano are at median price of $2,400,000 about $600,000 lower than the median price for a home in the West Side which is now at around $3,000,000. If you like to take a look at these sales, I have a new package you can download at this link: https://davidsetton.com/market-updates.html

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Statistics for Your Area Here


What’s hot What’s Not – Vancouver West Side Single Family Market Update for March 2020


The West Side single family market continues to favour buyers. Median prices are stable at $3M. Inventory is stable at 500 homes listed and on the market. 61 homes sold in February. This is about 12% of the homes that were available. The number of homes sold is up from February which is positive but it is still a buyers market..


What’s Hot (21% or more of the homes sold)


Which neighbourhood is strong and favouring sellers now? Kitsilano is the strongest and you can find a special report on Kitsilano here: https://davidsetton.com/market-updates.html. 7 homes sold in Kitsilano last month. 17 homes were available and on the market in Kitsilano. This means that 41% of the homes that were available sold in Kitsilano. Remember that the real estate board defines a seller’s market when more that 21% of the homes sell in a given month. Which price point strongest & favouring sellers? Any home priced under $3,000,000 is selling very quickly. This price point is strong with about 32% of homes selling.


What’s not hot (14% or less for homes sold in a given month)


Which neighbourhoods are weak and favouring buyers? University area, South Cambie, Southlands are all weak and favouring buyers. Only 5% of homes sold in these areas. Remember that the Vancouver Real Estate Board defines a market favouring buyers when less than 14% of the home sells in a given month. Which price category is weak right now and favouring buyers? Anything over $4,500,000 is really weak. There are currently 246 properties that are priced over $4,500,000 and only 2% of these homes sold last month.

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Click here to learn what it is like to compete when buying a home


Let’s dive in. Here are 3 things to know at the start at the home buying process.


1) Understand the market conditions you are buying in. Remember that different locations and different price points can impact how much you can negotiate. The housing market can be favouring buyers, sellers or balanced. By studying statistics your realtor can inform you on what you will be facing when you go to make an offer. Some locations and housing types are so strong that you may be competing when you are ready to make an offer. For example currently the condo and townhome market up to around $1M is very strong in the Vancouver Westside and you will more than likely be competing with other offers. The single family market is this same area at over $3M is currently favouring buyers.


2) Be specific on what you are looking for, but not too specific. What do I mean by this? Well, if you narrow your home search to a small search area like a 5 square block area, you may not have enough choices. If you make your search area too large, the opposite can happen and you can be easily overwhelmed with too much choice. Also it is possible to be too specific on the type of home. For example if you limit yourself to a home 1000 to 1200 square feet that must be on 2 levels you will not get too many choices. Especially if you combine this with a limited search area.


3) Know how much you want to spend and get a mortgage pre-approval. This is important because obviously it makes no sense to start looking at homes that you can’t afford. A mortgage professional can help with this because the rules around how much of a loan you can qualify for are always changing and interest rates change frequently. For example this month interest rates were lowered by ½%.


Some great resources on my website. I’m going to link to the Buyer section of my website where you will find a video on what it is like to compete with other offers. Please feel free to contact me at 604-808-9796. I specialize in helping home buyers looking to purchase a home in the Vancouver West Side. My name is David Setton with Oakwyn Realty and answers in real estate and you can reach me at 604-808-9796.

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See what’s selling in Kitsilano here 


What’s selling in the Vancouver Kitsilano Single Family Market? The Vancouver West Side Single Family Market continues to favour buyers. Unlike the rest of the West Side single family market, the Kitsilano market is now favouring sellers.


Six homes sold in Kitsilano last month. The most expensive home sold for $6.3M. This would have bought you a 105 year old home on a 49 foot wide lot Kits Point. This is one of my favourite areas in Vancouver. This property has been available for sale for a year and sold for over the asking price.


The least expensive home sold for $2.2M. This would have bought you a 92 year old triplex on 10th Avenue.


17 homes were available and on the market in Kitsilano last month. To have 6 home sell puts us in a seller’s market with 35% of the homes selling. Sold values in Kitsilano are at median price of $2,500,000 about $700,000 lower than the median price for a home in the West Side which is now at around $3,200,000. If you like to take a look at these sales, I have a new package you can download at this link: https://davidsetton.com/market-updates.html

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Get Your Market Report Here


What’s hot What’s Not – Vancouver West Side Single Family Market Update for February 2020 The West Side single family market continues to favour buyers. Median prices are stable at $3.2M. Inventory came up a little bit to 500 homes listed and on the market. 35 homes sold in January. This is about 7% of the homes that were available. The market is favouring buyers.


What’s Hot (21% or more of the homes sold)

Which neighbourhoods are favouring sellers now? Kitsilano are strong and favouring sellers. 6 homes sold in Kitsilano last month. 17 homes were available and on the market in Kitsilano. This means that 35% of the homes that were available sold in Kitsilano. Remember that the real estate board defines a seller’s market when more that 21% of the homes sell in a given month.


Which price point strongest & favouring sellers? Any home priced under $2,500,000 is selling very quickly. This price point is strong with about 43% of homes selling. We actually saw 10 homes sell for under $2,000,000 last month. It has been years since this has happened.


What’s not hot (14% or less for homes sold in a given month)

Which neighbourhoods are weak and favouring buyers? South Granville only saw one home sell last month. With 61 home available and on the market this represents only 2% of the homes sold. Shaughnessy is also very weak with one home sold last month out of 73 homes that were available and on the market. This represents only 1%. Remember that the Vancouver Real Estate Board defines a market favouring buyers when less than 14% of the home sells in a given month.


Which price category is weak right now and favouring buyers? Anything over $4,500,000 is really weak. There are currently 275 properties that are priced over $4,500,000 and only 1% of these homes sold last month.

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More about David


3 Ways to make Vancouver More Affordable


It's February again. You know what that means? You know what that means? It means that you may have missed declaring your Property Status regarding the Empty Home Tax. It doesn’t even matter if you are living in your home. You need to declare that you are indeed living in your own home. If you don’t make this declaration by February you are sent a nice little ‘discounted’ fine in the amount of $125 (assuming you pay it within 20 days). If you don’t it can jump up to $375. This is the part of the process that really bothers me.


Let’s assume that we are all ok with being told by the city that we must have someone living in our home if we travel for more than 6 months at a time. By fining homeowners for not declaring you are actually living in your home, it is almost like the city is saying you are guilty unless you prove otherwise. Didn’t Rogers Cable fail to launch negative option billing before being slammed by the public and regulators in the early 2000s?


I believe it should be assumed that you are living in your home unless you declare otherwise. It is the process that really bothers me.


What is even worse is if you want to dispute the late declaration fee fine. If you want to dispute the fine, you must first pay the full non-discounted penalty of $250. And guess what? If the CIty adjudicates themselves as being correct, YOU are charged a $25 “adjudication fee”. This is obviously to discourage people from disputing the charge. Does this seem democratic to you?. And guess how the city will rule regarding your dispute anyway? Guilty of course.


Two more questions I want to ask before closing out this video.


Has the Empty Home Tax made a difference to vacancy rates or the cost to rent a home in Vancouver. According to an article at Dailyhive.com vacancy rates actually stayed the same at around 1%. This means that this tax has not made more rental housing available. What about the cost to rent in Vancouver? Well this went up around 5% from the previous year. Last question. How do home buyers protect themselves from having to pay this tax when purchasing a home that is vacant? It is very important that your real estate agent write into the contract that the Seller is responsible to pay the Empty Home Tax.


Close out by saying I love Vancouver. I love the mountains, clean water and stable government. I just think we need to look more closely before introducing more taxes and red tape.


What do you think of the empty home tax process and the city asking us to rent out our homes if we travel for 6 months or more at a time?


If you have any questions about the Empty Home Tax or you are looking to purchase or sell a home in Vancouver, please feel free to contact me at 604-808-9796.

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Please visit our Open House at 222 2545 BROADWAY W in Vancouver.
Open House on Saturday, January 25, 2020 2:00PM - 4:00PM
WHISPER QUIET, incredibly located, courtyard facing townhouse in one of Vancouver’s most desirable neighbourhoods. You will feel a true sense of community in this family friendly, well maintained, rainscreened building.Enjoy breakfast in your south facing eating nook overlooking a recently renovated kitchen. Walk into a living room overlooking the North Shore mountains. Retire to the generously sized bedrooms on the second level. Not one square foot has been wasted in this well designed townhouse, and you’ll quickly appreciate that the layout is on two levels and not three! This is quintessential Kitsilano living offering the best that Vancouver has to offer. Locally owned shops, restaurants, cafes, and renowned yoga studios are only steps from your door. Open 2-4PM Sat/Sun.
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Please visit our Open House at 222 2545 BROADWAY W in Vancouver.
Open House on Sunday, January 26, 2020 2:00PM - 4:00PM
WHISPER QUIET, incredibly located, courtyard facing townhouse in one of Vancouver’s most desirable neighbourhoods. You will feel a true sense of community in this family friendly, well maintained, rainscreened building.Enjoy breakfast in your south facing eating nook overlooking a recently renovated kitchen. Walk into a living room overlooking the North Shore mountains. Retire to the generously sized bedrooms on the second level. Not one square foot has been wasted in this well designed townhouse, and you’ll quickly appreciate that the layout is on two levels and not three! This is quintessential Kitsilano living offering the best that Vancouver has to offer. Locally owned shops, restaurants, cafes, and renowned yoga studios are only steps from your door. Open 2-4PM Sat/Sun.
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I have listed a new property at 222 2545 BROADWAY W in Vancouver.
WHISPER QUIET, incredibly located, courtyard facing townhouse in one of Vancouver’s most desirable neighbourhoods. You will feel a true sense of community in this family friendly, well maintained, rainscreened building.Enjoy breakfast in your south facing eating nook overlooking a recently renovated kitchen. Walk into a living room overlooking the North Shore mountains. Retire to the generously sized bedrooms on the second level. Not one square foot has been wasted in this well designed townhouse, and you’ll quickly appreciate that the layout is on two levels and not three! This is quintessential Kitsilano living offering the best that Vancouver has to offer. Locally owned shops, restaurants, cafes, and renowned yoga studios are only steps from your door. Open 2-4PM Sat/Sun.
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I have sold a property at 101 789 16TH AVE W in Vancouver.
This is the one! Live, fronting a QUIET, secure courtyard in this two bedroom home at the epicenter of Cambie Village, the Hospital District and Douglas Park. You will feel a true sense of community in this family friendly, well maintained building. Completely renovated in 2014, this modern home has a townhouse feel with large windows throughout to bring in plenty of light. Two parking stalls are provided, yet this location is so convenient you may never need to drive again. Walk to Whole Foods, Douglas Park Community Centre and the Canada Line to YVR or downtown.Enjoy freshly-made croissants at Willow Bakery, artisan pizza at Corduroy Pie or a cappuccino at VeloStar Bike Cafe just outside your front door. Chat with neighbours in the enclosed community courtyard. Open Sat & Sun 2-4PM
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Please visit our Open House at 101 789 16TH AVE W in Vancouver.
Open House on Saturday, December 7, 2019 2:00PM - 4:00PM
This is the one! Live, fronting a quiet, secure courtyard in this two bedroom home at the epicenter of Cambie Village, the Hospital District and Douglas Park. You will feel a true sense of community in this family friendly, well maintained building. Completely renovated in 2014, this modern home has a townhouse feel with large windows throughout to bring in plenty of light. Two parking stalls are provided, yet this location is so convenient you may never need to drive again. Walk to Whole Foods, Douglas Park Community Centre and the Canada Line to YVR or downtown.Enjoy freshly-made croissants at Willow Bakery, artisan pizza at Corduroy Pie or a cappuccino at VeloStar Bike Cafe just outside your front door. Chat with neighbours in the enclosed community courtyard. Open Sat & Sun 2-4PM
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Please visit our Open House at 101 789 16TH AVE W in Vancouver.
Open House on Sunday, December 8, 2019 2:00PM - 4:00PM
This is the one! Live, fronting a quiet, secure courtyard in this two bedroom home at the epicenter of Cambie Village, the Hospital District and Douglas Park. You will feel a true sense of community in this family friendly, well maintained building. Completely renovated in 2014, this modern home has a townhouse feel with large windows throughout to bring in plenty of light. Two parking stalls are provided, yet this location is so convenient you may never need to drive again. Walk to Whole Foods, Douglas Park Community Centre and the Canada Line to YVR or downtown.Enjoy freshly-made croissants at Willow Bakery, artisan pizza at Corduroy Pie or a cappuccino at VeloStar Bike Cafe just outside your front door. Chat with neighbours in the enclosed community courtyard. Open Sat & Sun 2-4PM
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I have listed a new property at 101 789 16TH AVE W in Vancouver.
This is the one! Live, fronting a quiet, secure courtyard in this two bedroom home at the epicenter of Cambie Village, the Hospital District and Douglas Park. You will feel a true sense of community in this family friendly, well maintained building. Completely renovated in 2014, this modern home has a townhouse feel with large windows throughout to bring in plenty of light. Two parking stalls are provided, yet this location is so convenient you may never need to drive again. Walk to Whole Foods, Douglas Park Community Centre and the Canada Line to YVR or downtown.Enjoy freshly-made croissants at Willow Bakery, artisan pizza at Corduroy Pie or a cappuccino at VeloStar Bike Cafe just outside your front door. Chat with neighbours in the enclosed community courtyard. Open Sat & Sun 2-4PM
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I have sold a property at 623 20TH AVE W in Vancouver.
Prime Douglas Park family home is gorgeous - interior designed by award winning Reisa Pollard for its complete re-do. 2400 SF comprised of stunning main floor, smartly revamped upper level & flexible lower level. The home offers family friendly living/dining room. Kitchen has a separate island & waterfall counters & opens to a large family room full of custom built ins. Up you’ll find 3 generous bedrooms - amazing master retreat, large spa bath & huge walk in closet. Separate laundry room upstairs is ideal. Lower level is flexible with separate entry, extra bedroom or office, full bath & opportunity for an inlaw suite. Situated between one of the best schools in the “hood” and Douglas Park. Open cancelled - this home has found it's match!
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I have sold a property at 801 1575 10TH AVE W in Vancouver.
You will feel a true sense of community in this family-friendly, well maintained rainscreened building. Walk everywhere from this sought-after South Granville condo on the quiet side of the building, with a beautiful 180-degree view of Vancouver’s Shaughnessy Hills. The best shops, restaurants & cafes South Granville has to offer are only steps from your doorstep including Chapters, Cactus Club and Starbucks all within one minute! The Triton is a popular and iconic concrete mid-rise built to withstand the test of time. The floor plan design is the most efficient & livable way to lay out a 2 bed, 2 bath condo. Updated Kitchen with stainless steel appliances, glass tile back-splash & quartz counter-tops. 2 parking & storage locker.
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.