Get detailed statistics on the Market Updates Page of the Website by clicking here.
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.
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.
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