Vancouver Westside Single Family Update for August 2017

Get Statistics package here: https://davidsetton.com/market-updates.html

What’s hot What’s Not – Vancouver Westside – Single Family for Aug 2017

- Westside single fam market transitioned from a balanced market in June to a buyers market in July

- Median Prices are up almost $1M from Jan this yr.

- Inventory is up and number of sales are down. Should put downward pressure on prices in the next few mo.

- only 72 homes sold in July - down 36% from June

- Inventory is at 705 sf homes available

- 72 sold homes / 705 homes available 10% sales ratio (s.r.)

What’s Hot (21% or more for a SR)

- which strongest - Oakridge

- 7 / 12 homes sold 58% sr - some of these were land value as part of rezoning / land assembly

- price point strongest & fav sellers

- $2.25M - 2.5M        5 / 17        29% sr

What’s not hot (14% or less for a SR)

- SW Marine Dr 2 / 43 - 5% sr

- Shaughnessy 4 / 86 sold - 5% sr

- which price category

- anything over $4.5M - buyers market -  365 homes priced over $4.5M  - only 18 sold. 11% sr. anything under 14% is a buyers market


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