David's thoughts on anything real estate related

Learn more about the market in your area: https://davidsetton.com/market-updates.html

What’s hot What’s Not – Vancouver Westside – Single Family for June 2015
- Continues to favour sellers. Last month the average price hit $2.967M - $667k higher than median price this time last year. Values are moving up at $100k / mo. over last 6 mo. 
- Supply remains very constrained 588 homes on market. 238 Sold 

What’s Hot (21% or more for a SR)
- almost every area in the westside is fav sell
- Dunbar - 67% - 34 / 51 
- Mac heights - 69% 9 / 13
- Point Grey - 55% - 24 / 44 sold
- every price category favouring sellers
- $2M - $2.25M - 100% SR 26 / 26 sold
- $2.5M - $2.75M - 20 / 34 - 59% SR
What’s not hot (14% or less for a SR)
- 1 area is a little bit weaker - university area - 3 / 21 sold - 14% - balanced - not fav buyers

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

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

We have transitioned from a seller’s market in Dec to balanced market in Jan. last month we hit a record avg. price of $2.45M.

- Compared to avg price Dec of 2014 dn $200k. Doesn't surprise me as inv. came slightly up - only 573 hms avail. 101 sold.

What’s Hot (21% or more for a SR)

- Kitsilano - 35% - 8 / 23

- Mac Heights - 33% 6 / 18

- $1.25M - $1.75M - 54% SR 13 / 24 sold

- $2M - $2.5M - lots of act. 28 / 78 - 36% SR

What’s not hot (14% or less for a SR)

- Dec lots of traction in hi end - really drop in jan

- $3.5M - $4M - 5% with 4 / 73 sold

- $5M+ lots of inventory 8 / 107 - 7% SR

- South Granville - 10 / 93 - 11% SR

My take, if you like download, specialize ph num

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What’s hot What’s Not – Vancouver Westside – Single Family for October 2014
We are officially in a seller’s market - Prices are holding steady. Avg price last mo. $2.320M dn slightly from Aug $2.425M and 167 / 791 sold.

What’s Hot (21% or more for a Sales Ratio (SR)
- Dunbar - remains hot – 44% SR – 37 / 84
- Kitsilano - 37% - 13 / 35 sold
- $1.25M - $1.75M - 62% SR smok 33 / 52 sold
- $2M - $2.25M - lots of act. 20 / 43 - 47% SR

What’s not hot (14% or less for a SR)
- high end luxury market still very cool
- $3.5M - $4.0M - 7% with hi invent 7 / 100 sold
- $5M+ lots of inventory also 13 / 122 sold -11% SR
- Shaughnessy - 6 / 82 sold - 7% SR

Find out What's Hot and What's Not in your Community: https://davidsetton.com/market-updates.html
What’s hot What’s Not – East Vancouver – Single Family for August 2014 Still on fire - 10 DOM - very much favour sellers - Avg $969k and 171 / 474 homes sold in July. Avg price down from June $998K avg.(who new $1m)
What’s Hot (21% or more for a Sales Ratio (SR)
-Fraser -very hot –67% SR – 16 / 24 Sold
-Hasting East - very strong - 71% also 12 / 17 Sold
-Victoria - 62% - 13 / 21 Sold
- $800K - $900K - 65% SR smokin 36 / 55 sold
- $900K - $1M - 44 / 74 Sold or 59% SR
- $1m - $1.25M - 48 / 113 Sold or 42%
What’s not hot (14% or less for a SR)
- high end is slow
- $1.5M - $1.75M 12% with 5 / 43 sold
- Mt Pleasant 1 / 17 sold - 6%

That’s what’s hot and what’s not for SF Market

Find out What's Hot in your community: 

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

What’s hot What’s Not – Vancouver Westside – Single Family for August 2014
We are officially in a balanced market - Prices are holding steady. Avg price up slightly from July $2.378M and 141 / 821 sold homes sold.

What’s Hot (21% or more for a Sales Ratio (SR)
- Dunbar - remains hot – 30% SR – 24 / 81
- Cambie - 26% - 10 / 39
- $1.5M - $1.75M - 51% SR smokin 17 / 33 sold
- $2.5M - $2.75M - lots of act. 15 / 50 sold- 30% SR

What’s not hot (14% or less for a SR)
- high end luxury market still very cool
- $3M - $4M - 8% with lots of invent. 17 / 204 sold
- $5M+ lots of inventory also 11 / 120 sold or 9% SR
- Oakridge 2 / 31 sold or 6% SR
- Quilchena - 3 / 33 sold or 9% SR

That’s what’s hot and what’s not for SF Market

www.davidsetton.com

David Setton discusses the Vancouver Westside single family market conditions.

What's hot What's Not -- Vancouver Westside -- Single Family for Jan 2014
Official Market type is favavouring sellers - Average price in December: $2,468,000 and 111 / 525 homes sold. Avg price up from October's $2,290,000 avg.
What's Hot (21% or more for a Sales Ratio)
-Dunbar--bulk of act -hot -- 30% Sales Ratio -- 18 / 59 Sold
-SW Marine dr -- 35% sales ratio -- 6 / 17 Sold
-Kerrisdale at 28% Sales Ratio with 12 / 42 Sold
- sellers mrk. most price points well
- 1M - 1.25M - 43% Sales Ratio
- 1.25M - 1.5M - 47% Sales Ratio land land land
- 2M - 2.25M - smoking - 67% Sales Ratio
What's not hot (14% or less for a Sales Ratio)
- $2.75 - $3 slower sell 3 / 56 - 5% Sales Ratio - people would rather build new home
- $5M plus mrk. slow - 8 / 70 Sold or 11% Sales Ratio
- South Granvil. 2 / 15 sold or 13% Sales Ratio
- S. Cambie - 9 / 69 Sold or 13% Sales Ratio

For more answers in Real Estate give David a call any time at 604-808-9796