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 $900,000. If you are looking for a home at this price you may be competing with other offers. Inventory that was rising since March peaked in Sept and has actually come down a little bit in Oct. 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 are down around $300k or 10% after peaking in September. Buyers today are getting much more for their money. The strongest locations are 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.
If you would like to take a look at the market conditions in more detail feel free to download the Snapstats Report. Send me a message through Instagram and I would be happy to send it to you.