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.
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