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.

See what’s selling in Kitsilano here: https://davidsetton.com/market-updates.html

What’s selling in the Vancouver Kitsilano Single Family Market? Unlike the rest of the Vancouver West Side single family market, Kitsilano is favouring sellers with 44% of homes sold.  

Seven homes sold in Kitsilano last month. The most expensive home sold for $5.5M.  This would have bought you a 1 year old custom built home on 13th Avenue on a 50 foot wide by 125 foot deep lot. This home was originally listed for $6.5M in November last year.

The least expensive home sold for $1.9M.  This would have bought you a 93 year old home on Waterloo Street on a 33 foot by 120 foot deep lot.  This home originally sold for $2.1M in 2015.

16 homes were available and on the market in Kitsilano last month.  To have 7 homes sell puts us in a seller’s market with 44% of the homes selling.

Sold values in Kitsilano are at a median price of $2.65M about $500,000 lower than the median price for a home in the West Side which is now at around $3.2M.

If you like to take a look at these sales, I have a new package you can download at this link: https://davidsetton.com/market-updates.html

See what’s selling in Kitsilano here

What’s selling in the Vancouver Kitsilano Single Family Market?

The Vancouver West Side Single Family Market is now favouring Sellers The Kitsilano market is also favouring sellers with 50% of homes sold.

Eight homes sold in Kitsilano last month. The most expensive home sold for $3.1M. This would have bought you a 95 year old home on a 49 foot wide by 80 foot deep lot on Point Grey Road. This home was originally listed for sale at just under $6M two years ago.

The least expensive home sold for $2.1M. This would have bought you a 92 year old home on 12th Avenue on a 33 foot by 122 foot deep lot.

16 homes were available and on the market in Kitsilano last month. To have 8 homes sell puts us in a seller’s market with 50% of the homes selling.

Sold values in Kitsilano are at a median price of $2,500,000 about $500,000 lower than the median price for a home in the West Side which is now at around $3,000,000. If you like to take a look at these sales, I have a new package you can download at this link: 

See what’s selling in Kitsilano here

What’s selling in the Vancouver Kitsilano Single Family Market? The Vancouver West Side Single Family Market continues to favour buyers. Unlike the rest of the West Side single family market, the Kitsilano market is now favouring sellers.

Seven homes sold in Kitsilano last month. The most expensive home sold for $3.45M. This would have bought you a 3 year old home on a 33 foot wide lot on 10th Avenue. This was a contemporary home with a laneway house in the back. It sold for $75,000 less than it sold for in May of 2017.

The least expensive home sold for $1.75M. This would have bought you a 109 year old RT 8 zoned property on 5th Avenue on a 34 foot by 110 foot deep lot.

17 homes were available and on the market in Kitsilano last month. To have 7 homes sell puts us in a seller’s market with 41% of the homes selling.

Sold values in Kitsilano are at median price of $2,400,000 about $600,000 lower than the median price for a home in the West Side which is now at around $3,000,000. If you like to take a look at these sales, I have a new package you can download at this link: https://davidsetton.com/market-updates.html

Statistics for Your Area Here

What’s hot What’s Not – Vancouver West Side Single Family Market Update for March 2020

The West Side single family market continues to favour buyers. Median prices are stable at $3M. Inventory is stable at 500 homes listed and on the market. 61 homes sold in February. This is about 12% of the homes that were available. The number of homes sold is up from February which is positive but it is still a buyers market..

What’s Hot (21% or more of the homes sold)

Which neighbourhood is strong and favouring sellers now? Kitsilano is the strongest and you can find a special report on Kitsilano here: https://davidsetton.com/market-updates.html. 7 homes sold in Kitsilano last month. 17 homes were available and on the market in Kitsilano. This means that 41% of the homes that were available sold in Kitsilano. Remember that the real estate board defines a seller’s market when more that 21% of the homes sell in a given month. Which price point strongest & favouring sellers? Any home priced under $3,000,000 is selling very quickly. This price point is strong with about 32% of homes selling.

What’s not hot (14% or less for homes sold in a given month)

Which neighbourhoods are weak and favouring buyers? University area, South Cambie, Southlands are all weak and favouring buyers. Only 5% of homes sold in these areas. Remember that the Vancouver Real Estate Board defines a market favouring buyers when less than 14% of the home sells in a given month. Which price category is weak right now and favouring buyers? Anything over $4,500,000 is really weak. There are currently 246 properties that are priced over $4,500,000 and only 2% of these homes sold last month.

See what’s selling in Kitsilano here 

What’s selling in the Vancouver Kitsilano Single Family Market? The Vancouver West Side Single Family Market continues to favour buyers. Unlike the rest of the West Side single family market, the Kitsilano market is now favouring sellers.

Six homes sold in Kitsilano last month. The most expensive home sold for $6.3M. This would have bought you a 105 year old home on a 49 foot wide lot Kits Point. This is one of my favourite areas in Vancouver. This property has been available for sale for a year and sold for over the asking price.

The least expensive home sold for $2.2M. This would have bought you a 92 year old triplex on 10th Avenue.

17 homes were available and on the market in Kitsilano last month. To have 6 home sell puts us in a seller’s market with 35% of the homes selling. Sold values in Kitsilano are at median price of $2,500,000 about $700,000 lower than the median price for a home in the West Side which is now at around $3,200,000. If you like to take a look at these sales, I have a new package you can download at this link: https://davidsetton.com/market-updates.html

Get Your Market Report Here

What’s hot What’s Not – Vancouver West Side Single Family Market Update for February 2020 The West Side single family market continues to favour buyers. Median prices are stable at $3.2M. Inventory came up a little bit to 500 homes listed and on the market. 35 homes sold in January. This is about 7% of the homes that were available. The market is favouring buyers.

What’s Hot (21% or more of the homes sold)

Which neighbourhoods are favouring sellers now? Kitsilano are strong and favouring sellers. 6 homes sold in Kitsilano last month. 17 homes were available and on the market in Kitsilano. This means that 35% of the homes that were available sold in Kitsilano. Remember that the real estate board defines a seller’s market when more that 21% of the homes sell in a given month.

Which price point strongest & favouring sellers? Any home priced under $2,500,000 is selling very quickly. This price point is strong with about 43% of homes selling. We actually saw 10 homes sell for under $2,000,000 last month. It has been years since this has happened.

What’s not hot (14% or less for homes sold in a given month)

Which neighbourhoods are weak and favouring buyers? South Granville only saw one home sell last month. With 61 home available and on the market this represents only 2% of the homes sold. Shaughnessy is also very weak with one home sold last month out of 73 homes that were available and on the market. This represents only 1%. Remember that the Vancouver Real Estate Board defines a market favouring buyers when less than 14% of the home sells in a given month.

Which price category is weak right now and favouring buyers? Anything over $4,500,000 is really weak. There are currently 275 properties that are priced over $4,500,000 and only 1% of these homes sold last month.

Get statistics package here: https://davidsetton.com/market-updates.html
What’s hot What’s Not – Vancouver Westside – Single Family for Dec 2017
- Westside single fam is still fav buyers
- Median Prices dropped by 16% last month to $3.2M.
- Inventory is down about 100 homes from it’s peak of 789 in Sept.
- Only 83 homes sold in Nov
- Inventory is at 689 sf homes available 12% S.R.
What’s Hot (21% or more for a SR)
- which strongest - Kits
- 12 / 41 homes sold 29% sr Consistently does well
- special report on kitsilano
- price point strongest & fav sellers
- $2.25M - 2.75M 22 / 41 53% sr
What’s not hot (14% or less for a SR)
- Shaughnessy 3 / 82 sold - 4% sr
- Quilchena 1 / 27 sold - 4% sr
- which price category
- anything over $5M - buyers market - 273 homes priced over $5M - 15 sold. 12% sr. anything under 14% is a buyers market

Download 12 Sales Here.

What’s hot in the Kitsilano Single Family for December 2017

- The Van Westside Single Fam market is favouring buyers.  

- Kitsilano is bucking this trend and favouring sellers.  

- 12 Homes sold in Kits last mo.

- least expensive home sold for $1.52M. which would have bought you a new 1,100 sqft coachhouse on Alma north of 4th Ave.  Most expensive home sold for $5.5M. Bought you a 10 year old home on 1st Ave on a 33’ wide lot.

- 41 homes were available and on the market in Kits in Nov so to have 12 sales puts us in a sellers market at a 29% sr

- Sold values in Kits are at med price of $2.8M lower than the median price for a home in the Westside - now at $3.2M.

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

This is the one: a two level penthouse townhome with a huge, private roof top patio! Enjoy abundant natural light and privacy, because the main floor of this corner home is surrounded by windows on three sides. Located across the street from McBride Park and a 10 minute walk to Jericho Beach, this is a convenient location in the heart of Kitsilano. Walk everywhere. You are surrounded by coffee shops, grocery stores and restaurants on 4th Avenue and Broadway. Did I mention the 500 square foot roof top patio with city and mountain views? Just painted with newer flooring and recent bathroom renovations, this home is move-in ready. As a bonus, this is one of the only homes in the development with 2 secure underground parking stalls.

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

Get 5 home sales here: 

https://davidsetton.com/market-updates.html

What’s hot in the Kitsilano Single Family for August 2017

- The Van Westside Single Fam market is favouring buyers.  Buyer’s Market

- Kitsilano has usually does better than the westside in general, but not in July

- only 5 Homes sold in Kits last mo.

- least expensive home sold for $2.33M. which would have bought a 102 yr old hm at 11th Ave and Collingwood - most expensive sold for $4.1M for a multifamily zoned 4,000 sqft piece of land at Maple and 6th Ave

- 51 homes were available and on the market in Kits in June so to have 5 sales puts us in a buyer’s market at a 10% sr

- Sold values in Kits are at med price of $3.5M lower than the median price for a home in the Westside - now at $3.8M.

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

Download Market Report: https://davidsetton.com/market-updates.html
What’s hot What’s Not – Vancouver Westside – Single Family for July 2017
- Westside single family market transitioned from a sellers market in May to a balanced market in Jun
- Median Prices are up 19% from Jan of this yr.
- Inventory jumped 17% last mo and sales dropped by 39% so we should see asking prices come down in next few months.
- 113 homes sold in June
- Inventory still low only 667 sf homes available
What’s Hot (21% or more for a Sales Ratio)
- which strongest - Kitsilano, Quilchena, Oakridge
- Kitsilano doing really well 17 / 49 sold 35% sales ratio. (report)
- Quilchena 6 / 21 sold 29% sales ratio
- price point strongest & favouring sellers
- $2.0M - $2.5M 15 sold / 24 listed 63% sales ratio
- $3M - $3.5M 18 / 54 33% sales ratio
What’s not hot (14% or less for a Sales Ratio)
- University 2 / 23 - 9% sr
- Shaughnessy 5 / 78 sold - 6% sales ratio
- which price category
- anything over $4.5M - buyers market - 352 homes priced over $4.5M - only 25 sold. 7% sales ratio. anything under 14% is a buyers market

Download 17 homes sold last month here:https://davidsetton.com/market-updates.html

What’s hot in the Kitsilano Single Family for July 2017
- The Van Westside Single Family market is in a balanced Market Condition
- Kitsilano has been doing exceptionally well and is now favouring sellers.
- 17 Homes sold in Kits last month.
- least expensive home sold for $2.150M. which would have bought a 105 year old home on Yew (off of Broadway - most expensive sold for $3.775M for an 88 yr old home on 14th Ave & Balsalm.
- only 49 homes were available and on the market in Kitsilano in June so to have 17 sales puts us in a seller’s market at a 35% sales ratio
- Sold values in Kitsilano are at median price of $2.56M lower than the median price for a home in the Westside - now at $3.5M.

Get 12 Sold Homes: https://davidsetton.com/market-updates.html
What’s hot in the Kitsilano Single Family for May 2017
- The Van Westside Single Family market has transitioning from buyers to balanced. market.
- Kitsilano has been doing exceptionally well and is now favouring sellers. 
- 12 Homes sold in Kits last mo.
- least expensive home sold for $1.89M. which would have bought a 107 yr old home on Cypress & 5th Ave - most expensive sold for $3.6M for another 100 yr old home on 1st Ave & Dunbar.
- only 44 homes were available and on the market in Kits in Feb so to have 12 sales puts us in a seller’s market at a 27% sr
- Sold values in Kits are at $2.9M lower than the median price for a home in the Westside - now at $3.2M.
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 and details for each property. specialize

download 9 home sales here:https://davidsetton.com/market-updates.html
- The Van Westside Single Family market has transitioning from buyers to balanced market
- Kitsilano has been doing exceptionally well and is now favouring sellers.
- 9 Homes sold in Kits last mo.
- least expensive home sold for $2.1M. which would have bought you a small, older home on 7th ave - most expensive sold for $4.3M for a 4,500sf beaut restored character home on 14th Ave.
- only 40 homes were available and on the market in Kits in Feb so to have 9 sales puts us just into a seller’s market at a 23% sr
- Sold values in Kits are higher at $2.9M lower than the median price for a home in the Westside - now at $3.5M.
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 and details for each property. specialize phone number 604-808-9796

Get 15 Sales here: https://davidsetton.com/market-updates.html

What’s hot in the Kitsilano Single Family for March 2017

- The Van Westside Single Fam market picked up in Feb transitioning from buyers to bal. mrk.

- Kitsilano did exceptionally well and is now fav sellers.

- 15 Homes sold in Kits last mo.

- least expensive home sold for $2.1M. which would have renovated older home on 10th ave

- most expensive sold for $17M for a 42’ wide piece of land on PT Grey Rd.

- only 36 homes were available and on the market in Kits in Feb so to have 15 sales puts us in strong seller’s market at a 42% sr

- Sold values in Kits are higher at $3.3M than the median price for a home in the Westside - now at $3.1M. First time that I have seen this.

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 and details for each property. specialize ph num

Download Report Here:https://davidsetton.com/market-updates.html

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

- Westside single fam market has moved from a buyer’s market in Jan to a balanced in Feb

- Median Prices jumped up 10% in 1 mo. to $3.1M

- 93 homes sold in Feb

- doesn't sound like a lot, but only 544 homes were available

What’s Hot (21% or more for a SR)

- In Jan, not one neighbourhood was fav sellers.  In Feb, 4 neighbourhoods fav. sellers

- Num of sold homes are up 151% in 1 mo.!

- which areas are strongest - Kits and PT Grey

- Kits 15 / 36 sold 42% sales Ratio 21% or more

- special report on kits - link above

- price point strongest & fav sellers

- $2.25M - 2.5M          10 / 10          100% sr

What’s not hot (14% or less for a SR)

- South Granville 5 / 67 - 7% sr

- Shaughnessy 2 / 68 sold - 3% sr

- which price category

- anything over $4.5M - buyers market -  212 homes priced over $5M  - only 8 sold. 4% sr. anything under 14% is a buyers market

Get your information package here: https://davidsetton.com/market-updates.html

What’s hot What’s Not – Vancouver Westside – Single Family for Nov 2016
- The market in the Westside is favouring buyers
- Prices actually went up in October from $2.99m in Sept to $3.2m in October. The number of homes sold is less than ½ of the solds compared to October
- Only 78 homes sold last month. Down 66% from April (peak sales) of this year
- tricky - supply is low at 570 homes on market.
What’s Hot (21% or more for a SR)
- Mackenzie Heights
- 9 / 17 sold here - 53% sales ratio
- University area also strong - 6/ 12 sold - 50% sales ratio
- which price categories favouring sellers
- $2.25M - $2.5M - 12 / 26 sold 46% sales ratio
- $3m - $3.5M - 11 / 48 - 23% sales ratio
What’s not hot (14% or less for a sales ratio)
- South Granville 5 / 76 - 7% sales ratio
- Shaughnessy 6 / 67 sold - 9% sales ratio
- which price category

Download 10 Sales Here: https://davidsetton.com/market-updates.html
What’s hot in the Kitsilano Single Family for November 2016
The Van Westside Single Family market is now favouring buyers but the Kitsilano market is balance.
- 10 Homes sold in Kits for between $1.395M for a 1925 built home on a 42 x 54 lot up to $3.28M for a 2015 built home on a 33 x 122 lot on 16th Ave
- 49 homes were available and on the market in Kitsilano in October so to have 10 sales puts us in a balanced market at a 20% SR (21% or more is a seller's market)
- Sold values in Kitsilano are lower at $2.3M than the median price for a home in the Westside - now at a $3.2M
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 and details for each property.