Vancouver Westside Market Update for August 2020

Get Statistics Package

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 has been rising since March. 600 homes in Mar to almost 900 in July. The strongest locations w/ most activity for condominiums is Fairview and Kitsilano.

Now let's look at the single family market.  The strength in the market here is under $3.5M.  Median prices have stabilized at $3M, but buyers are getting more for their money than in the past few years. The strongest locations are Kerrisdale, Cambie and Kitsilano. I have a special report on Kitsilano single family market, if you want to check out the market update page of my website.

No comments

Post Your Comment:

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.