For Report for your Area click here: http://davidsetton.com/snapstats.html
How to interpret statistics by looking at inventory (number of homes on the market) and number of sales.
Download Statistics package here: https://davidsetton.com/market-updates.html
What’s hot What’s Not – Vancouver Westside – Single Family for Sept 2017
- Westside single fam market transitioned to a buyer’s market
- Median Prices are at still at their highest at $3.6M.
- Inventory is up and number of sales are down. Should put downward pressure on prices in the next few mo.
- only 52 homes sold in Aug
- Inventory is at 706 sf homes available
- 52 sold homes / 706 homes available 7% s.r.
What’s Hot (21% or more for a SR)
- which strongest - Arbutus
- 6 / 35 homes sold 17% sr
- price point strongest & fav sellers
- $2M - 2.25M 4 / 5 80% sr
What’s not hot (14% or less for a SR)
- SW Marine Dr 1 / 41 - 2% sr
- South Granville 2 / 83 sold - 2% sr
- which price category
- anything over $4.5M - buyers market - 370 homes priced over $4.5M - only 14 sold. 4% sr. anything under 14% is a buyers market
Get Home Sales Here:https://davidsetton.com/market-updates.html
What’s hot in the Kitsilano Single Family for Sept 2017
- The Van Westside Single Fam market is balanced. We’re not favouring buyers or sellers
- Kitsilano has usually does better than the rest of the Westside. Holds true rest fav. buyers.
- only 7 Homes sold in Kits last mo.
- least expensive home sold for $1.9M. which would have bought a revenue property on Macdonald - most expensive sold for $12M for a small waterfront home on a small lot near Jericho.
- 46 homes were available and on the market in Kits in June so to have 7 sales puts us in a balanced market at a 15% sr
- Sold values in Kits are at med price of $2.5M lower than the median price for a home in the Westside - now at $3.6M.
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
Learn about me: http;//www.davidsetton.com/biography.html
Do Home Sellers have to accept an offer at full asking price? You do not have to accept any offer in real estate even if it is a full price offer with no subject conditions. You may be obligated to pay a full commission to the listing agent if you decide not to accept a full price offer with no subject conditions. I do not take a commission even if a full price offer is presented to my client.
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.