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What’s hot What’s Not – Vancouver Westside – Single Family for Nov 2017

- Westside single fam market transitioned to a buyer’s market

- Median Prices are at still at their highest at $3.79M.

- Inventory is dropped a little between Sept and Oct.

- Number of sales are up slightly. Not sure if it is a trend. Previous 4 months trended toward decreasing prices.

- 108 homes sold in Oct

- Inventory is at 757 sf homes available 14% S.R.

What’s Hot (21% or more for a SR)

- which strongest - Mackenzie Heights

- 8 / 28 homes sold 29% sr Consistently does well

- price point strongest & fav sellers

- $1.75M - 2.25M        10 / 10        100% sr affordable ;)

What’s not hot (14% or less for a SR)

- SW Marine Dr 4 / 41 - 10% sr

- Southlands 4 / 39 sold - 10% sr

- which price category

- anything over $4.5M - buyers market -  379 homes priced over $4.5M  - 30 sold. 8% sr. anything under 14% is a buyers market

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What’s hot What’s Not – Vancouver Westside – Single Family for May 2017
- Westside single fam market remains in a balanced market. Right where it should be.
- Median Prices came down 5% in April to $3.2M
- 111 homes sold in April
- Inventory still low only 561 single family homes available

What’s Hot (21% or more for a SR)
- which areas are strongest - Quilchena and Dunbar
- Dunbar 18 / 68 sold 26% sales Ratio 21% or more
- Quilchena 7 / 23 sold 30% sales ratio
- price point strongest & fav sellers
- $2.25M - 2.5M 12 / 12 100% sr
- $3M - $3.5M 20 / 57 35% sr

What’s not hot (14% or less for a SR)
- Southlands 2 / 25 - 8% sr
- Shaughnessy 2 / 62 sold - 3% sr
- which price category
- anything over $4.5M - buyers market - 210 homes priced over $5M - only 16 sold. 8% sr. anything under 14% is a buyers market

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Over the last couple of years many of my clients that are having children and starting a family have been leaving the city of Vancouver and moving to other parts of the lower mainland. The reason for this is because Vancouver has a serious housing supply issue in general, but more specifically a problem with what I referred to as ground oriented housing. What is ground oriented housing? It is exactly what the name implies. It is a home with it’s main entrance located at grade or a few steps away from from grade. An example of this type of housing would be row townhomes similar to those found in Europe.

I believe that, now more than ever, there is a need for this style of housing. Our single family neighbourhoods have become very expensive and they are simply out of reach of many working families. This form of housing can be made more affordable through densification and by making the homes ultra efficient.

The next question is where do we build this style of housing? I have identified a few locations in the city. The official community plan or OCP for this street calls for row townhomes in many areas. I have a floor plan for a 1,300 square foot 3 bedroom townhome that could be built up and down these areas. This would keep the housing more affordable and allow more people to enjoy this very desirable neighborhood.

If you live on an arterial road and like the idea of building housing within the reach of working families, please feel free to give me a call. I would be happy to walk you through the floor plans and discuss what you could sell your property for.

You can contact me anytime at 604-808-9796 and as always thank you so much for listening today.

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What’s hot What’s Not – Vancouver Westside – Single Family for April 2017
- Westside single family market has moved from a buyer’s market in January to a balanced in March
- Median Prices jumped up 22% in 2 months to $3.5M
- 95 homes sold in March
- doesn't sound like a lot, but only 532 homes were available
What’s Hot (21% or more for a Sales Ratio (SR))
- In Jan, not one neighbourhood was favouring sellers. In March, 9 neighbourhoods favouring sellers
- which areas are strongest - Arbutus and Dunbar
- Dunbar 23 / 62 sold 37% sales Ratio 21% or more
- Arbutus 6 / 20 sold 30% sales ratio
- price point strongest & favouring sellers
- $2.00M - 2.25M 4 / 8 50% sr
What’s not hot (14% or less for a SR)
- South Granville 5 / 70 - 7% sr
- Shaughnessy 3 / 61 sold - 5% sr
- which price category
- anything over $4M - buyers market - 202 homes priced over $5M - only 16 sold. 8% sr. anything under 14% is a buyers market

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Get your Statistics Package Here: https://davidsetton.com/market-updates.html

What’s hot What’s Not – Vancouver Westside – Single Family for May 2016

- Continues to favour sellers. Median prices seem crept up a little bit last month from $3.5m to almost $3.7m

- Supply still very low at 534 homes on market. 229 Sold

What’s Hot (21% or more for a SR)

- almost every area in the westside is fav sell

- Dunbar and Point Grey most active

- 42 / 52 sold in Dunbar - 81% s.r.

- Point Grey - 25 / 35 sold - 71% s.r.

- almost price category favouring sellers

- $2M - $2.5M - 25 / 38 sold  66% s.r.

- $3m - $3.5M - 42 / 49 - 86% s.r.

What’s not hot (14% or less for a SR)

- 1 area is weaker - Marpole - 8 / 48 sold

- all price bands are strong even $5m + price band is doing well 49 / 216 homes sold 23% sr


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What’s hot What’s Not – Vancouver Westside – Single Family for Apr 2016

- Continues to favour sellers. Median prices seem to have stabilized over the last 3 mo. at around $3.5m

- Supply came up slightly from last month, but still very low at 524 homes on market. 220 Sold

What’s Hot (21% or more for a SR)

- almost every area in the westside is fav sell

- MacHeights and Dunbar most active

- 12 / 14 sold in MacHt - 86% s.r.

- Dunbar - 36 / 50 sold - 72% s.r.

- almost price category favouring sellers

- $2M - $2.25M - 13 / 7 sold  186% s.r. Sys can’t keep up

- $2.5m - $2.75M - 22 / 19 - 116% s.r.

What’s not hot (14% or less for a SR)

- 1 area is weaker - Shaughnessy - 9 / 75 sold

- homes over $5m 195 homes in this price and only 30 sold (15% sales ratio - edge of a buyers


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What’s hot What’s Not – Vancouver Westside – Single Family for Mar 2016

- Just when we thought….

- Continues to favour sellers. Median prices dropped slightly by $61k between Jan and Feb. Now median is $3.43M.

- Supply came up slightly from last month, but still very low at 547 homes on market. 224 Sold

What’s Hot (21% or more for a SR)

- almost every area in the westside is fav sell

- MacHeights and Dunbar most active

- 16 / 17 sold in MacHt - 94% s.r.

- Dunbar - 40 / 59 sold - 68% s.r.

- almost price category favouring sellers

- $2M - $2.25M - 14 / 13 sold  108% s.r. Sys can’t keep up

- $2.75m - $3M - 33 / 34 - 97% s.r.

What’s not hot (14% or less for a SR)

- 1 area is weaker - S. Cambie - 1 / 13 sold

- homes over $5m 191 homes in this price and only 29 sold (15% sales ratio - edge of a buyers

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What’s hot in the Kitsilano Single Family for March 2016

Download homes sold here:https://davidsetton.com/market-updates.html

The Van Westside Single Fam market is very strong and very much fav sellers and Kits is no exception.

- 13 Homes sold in Kits for between $2.1M bought 32’ x 88’ RM-4 zoned rev prop on Maple St up to $4.23M for a renovated home on 1st ave steps to jericho beach

- 12 / 13 homes sold for over asking price

- 33 homes were available and on the market in Kits in Feb so to have 13 sales puts us in a strong seller’s market at a 42% SR (21% or greater)  

- Sold values in Kits are lower at $2.5M than the median price for a home in the Westside - now at a staggering $3.4M


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What’s hot What’s Not – Vancouver Westside – Single Family for June 2015

- Continues to favour sellers. Last month the average price hit $2.9M - $600k higher than median price this time last year. Compare to April 2015 - up $260K. Market moving quickly!

- Supply remains very constrained 648 homes on market. 210 Sold


What’s Hot (21% or more for a SR)

- almost every area in the westside is fav sell

- Dunbar - 55% - 31 / 56

- Mac heights - 69% 11 / 16

- Point Grey - 63% - 29 / 46 sold

- $1.5M - $1.75M - 87% SR 13 / 15 sold

- $2M - $2.25M - lots of act. 14 / 17 - 82% SR

What’s not hot (14% or less for a SR)

- Balanced market condition over $3.5M

- $5M+ - 11% with 17 / 148 sold - lots of inventory

- South Cambie - 11% buyer market - 2 / 18


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What’s hot What’s Not – Vancouver Westside – Single Family for April 2015

- Continues to favour sellers. Last month the average price hit $2.7M - new record.

- Compared to avg price Feb up $130k. Supply is lower than last mo. only 695 homes on market. 211 Sold

What’s Hot (21% or more for a SR)

- almost every area in the westside is fav sell

- Kitsilano - 70% - 23 / 33

- Point Grey - 50% 29 / 58

- Dunbar - 57% - 41 / 72 sold

- $1.25M - $1.5M - 89% SR 8 / 9 sold

- $2M - $2.25M - lots of act. 22 / 25 - 88% SR

What’s not hot (14% or less for a SR)

- $4.5M - $5M - 12% with 6 / 48 sold

- $5M+ lots of inventory 16 / 141 - 11% SR

- Mackenzie Heights - 4 / 31 - 13% SR - surprising usually strong - sellers little optimistic

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