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.
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.