Here's my understanding on the current state of the market in Vancouver West for single family homes:
- Official Market Type Westside Detached: Buyers market at 8% Sales Ratio average (8 in 100 homes selling)
- Homes are selling on average 14% below list price
- Most Active Price Band* +/-$2 mil: $1 mil to $1.25 mil (1 in 2 selling); $2 mil to $2.25 mil (Balanced market)
- Buyers Best Bet* +/-$2 mil: Homes $1.25 mil to $1.5 mil; $2.5 mil to $2.75 mil, Dunbar, Mackenzie Heights, and Marpole
- Sellers Best Bet*: Selling homes in Kitsilano, SW Marine and up to two bedroom properties For more details and Trend Graphs.
Please phone me for a detailed report and trend graph for Vancouver Westside Single Family homes.