Get detailed statistics here: https://davidsetton.com/market-update...
Today I want to look at both the Vancouver Westside condo and single family market.
Where are we seeing lots of strength in the market?
The condo and townhouse market is very strong under $800,000. If you are looking for a home at this price you may be competing with other offers. Inventory is still very low and prices have been falling over the last few months. The strongest locations for condominiums is Fairview and Kitsilano.
Now let's look at the single family market. The strength in the market here is under $3M. Little availability under $3M and homes are selling quickly. Median prices jumped up to $3.2M in May. This was mainly because we started to see a few more homes sell between $3M and $4M. The strongest locations are Kitsilano and Arbutus. I have a special report on Kitsilano single family market, if you want to check out the market update page of my website.
If you would like to take a look at the market conditions in more detail feel free to download the Snapstats Report. Send me a message through Instagram and I would be happy to send it to you.
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