Market Correction Part 2: Westside Single Family Market Today vs 2008

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

- Westside is definitely fav buyers

- Median Prices dropped dramatically between Dec of last year and Jan of this year.  

- only 37 sing fam homes sold in Jan

- last time i saw so few sales after the financial crisis in Oct/Nov 2008

- supply is still low at 537 homes

- difference in Oct 2008 we had 1015 listings

What’s Hot (21% or more for a SR)

- Not one neighbourhood is favouring sellers

- Strongest market was Point Grey 9 / 56 -  bal

- which price categories favouring sellers

- $2M - 2.25M          2 / 9          22%

- $2.25M - 2.75M     10 / 33      30%

What’s not hot (14% or less for a SR)

- South Granville 1 / 67 - 1% sr

- Shaughnessy 2 / 62 sold - 3% sr

- which price category

- anything over $2.75M - buyers - 208 homes priced over $5M  - only 5 sold - ironic.

My take download


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