Get Statistics package here: https://davidsetton.com/market-updates.html
What’s hot What’s Not – Vancouver Westside – Single Family for Aug 2017
- Westside single fam market transitioned from a balanced market in June to a buyers market in July
- Median Prices are up almost $1M from Jan this yr.
- Inventory is up and number of sales are down. Should put downward pressure on prices in the next few mo.
- only 72 homes sold in July - down 36% from June
- Inventory is at 705 sf homes available
- 72 sold homes / 705 homes available 10% sales ratio (s.r.)
What’s Hot (21% or more for a SR)
- which strongest - Oakridge
- 7 / 12 homes sold 58% sr - some of these were land value as part of rezoning / land assembly
- price point strongest & fav sellers
- $2.25M - 2.5M 5 / 17 29% sr
What’s not hot (14% or less for a SR)
- SW Marine Dr 2 / 43 - 5% sr
- Shaughnessy 4 / 86 sold - 5% sr
- which price category
- anything over $4.5M - buyers market - 365 homes priced over $4.5M - only 18 sold. 11% sr. anything under 14% is a buyers market