David Setton : Answers In Real Estate : Blog posts labelled: stats for the single family vancouver westside market

What's Selling in the Kitsilano Single Family Neighbourhood for September 2017

Posted on September 16, 2017 by David Setton

Posted in Answers in Real Estate, David Setton, kitsilano, oakwyn, Stats for the Single Family Vancouver Westside Market, vancouver, westside, westside

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

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Vancouver Westside Single Family Market Update

Posted on July 3, 2013 by David Setton

Posted in Stats for the Single Family Vancouver Westside Market, Vancouver Westside Single Family Market Report for June 2013, Vancouver Westside Statistics for June 2013

As of June 2013 the overall Vancouver Westside Single Family market is officially a balanced market. This means that conditions are not favouring buyers or sellers. Which areas are hot if you are a seller? Which areas should you be searching if you are a buyer? Which price points are doing well? Which price points are suffering? Keep reading to learn more.

If you are a seller looking to sell a single family home in Vancouver Westside here are the locations to watch:

Cambie
Kitsilano
Mackenzie Heights
Southlands

Of these locations Kitsilano is doing the best with a 38% sales ratio (anything over 21% is a Seller's Market).

Where are the best places to focus my search efforts as a buyer? If you are looking in the following locations you are in luck (all showing a sales ratio of under 14% indicating a buyer's market) :

Kerrisdale
Marpole
South Granville
South Cambie
Oakridge
Shaughnessy

Of these locations South Cambie would be your best bet as a buyer with a sales ratio of 9.52%.

The following graph breaks down all locations by their respective sales ratios:

The next question to answer is which price points are doing well and which are not? This question again can be answered by looking at the sales ratio for each price band. If you are a buyer looking at homes priced over $2,750,000 now is a great time to purchase. Not many people can afford a home this expensive in Vancouver and the number of homes that sell at over this price point are far and few between.

The most popular price point to sell in right now is the $1,000,000 to $1,750,000. This tells me that people are either looking to buy inexpensive starter homes in the Vancouver Westside or that they are looking for land to build a home.

So there is my interpretation of the Vancouver Westside Market as of June 2013. If you would like this type of statistical information interpreted for other parts of Vancouver please fell free to download the SnapStats package on the sidebar of my monthly newsletter or give me a call any time at 604-808-9796. You can also see me explaining the Vancouver Westside Market and how to interpret this information in a video from a wine and cheese event my wife and I hosted last month.

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David's thoughts on anything real estate related

What's Selling in the Kitsilano Single Family Neighbourhood for September 2017

Vancouver Westside Single Family Market Update