What's Hot and What's Not: Vancouver Westside Single Family Market for January 2014

 

www.davidsetton.com

 

David Setton discusses the Vancouver Westside single family market conditions.

What's hot What's Not -- Vancouver Westside -- Single Family for Jan 2014
Official Market type is favavouring sellers - Average price in December: $2,468,000 and 111 / 525 homes sold. Avg price up from October's $2,290,000 avg.
What's Hot (21% or more for a Sales Ratio)
-Dunbar--bulk of act -hot -- 30% Sales Ratio -- 18 / 59 Sold
-SW Marine dr -- 35% sales ratio -- 6 / 17 Sold
-Kerrisdale at 28% Sales Ratio with 12 / 42 Sold
- sellers mrk. most price points well
- 1M - 1.25M - 43% Sales Ratio
- 1.25M - 1.5M - 47% Sales Ratio land land land
- 2M - 2.25M - smoking - 67% Sales Ratio
What's not hot (14% or less for a Sales Ratio)
- $2.75 - $3 slower sell 3 / 56 - 5% Sales Ratio - people would rather build new home
- $5M plus mrk. slow - 8 / 70 Sold or 11% Sales Ratio
- South Granvil. 2 / 15 sold or 13% Sales Ratio
- S. Cambie - 9 / 69 Sold or 13% Sales Ratio

For more answers in Real Estate give David a call any time at 604-808-9796

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