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
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.