Vancouver Westside Single Family Market Update for July 2017

Download Market Report: https://davidsetton.com/market-updates.html
What’s hot What’s Not – Vancouver Westside – Single Family for July 2017
- Westside single family market transitioned from a sellers market in May to a balanced market in Jun
- Median Prices are up 19% from Jan of this yr.
- Inventory jumped 17% last mo and sales dropped by 39% so we should see asking prices come down in next few months.
- 113 homes sold in June
- Inventory still low only 667 sf homes available
What’s Hot (21% or more for a Sales Ratio)
- which strongest - Kitsilano, Quilchena, Oakridge
- Kitsilano doing really well 17 / 49 sold 35% sales ratio. (report)
- Quilchena 6 / 21 sold 29% sales ratio
- price point strongest & favouring sellers
- $2.0M - $2.5M 15 sold / 24 listed 63% sales ratio
- $3M - $3.5M 18 / 54 33% sales ratio
What’s not hot (14% or less for a Sales Ratio)
- University 2 / 23 - 9% sr
- Shaughnessy 5 / 78 sold - 6% sales ratio
- which price category
- anything over $4.5M - buyers market - 352 homes priced over $4.5M - only 25 sold. 7% sales ratio. anything under 14% is a buyers market