What's Hot in the Vancouver Westside Real Estate Market for August 2016

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What’s hot What’s Not – Vancouver Westside – Single Family for Aug 2016

- For the first time in 2 years the Van Westside Single Fam market is no longer fav sellers.

- The market is now balanced - not fav buyer’s or seller's.

- Supply low at 587 homes on market. - market is changing only 108 sold dn 50% from April

- This has put dwn pressure on prices

- median price now $3.5M - $150k < June

What’s Hot (21% or more for a SR)

- Cambie & Kits. most active

- 10 / 32 sold in Cambie - 31% s.r.

- Kits - 13 / 43 sold - 30% s.r.

- which price categories favouring sellers

- $2M - $2.25M - 6 / 15 sold  40% s.r.

- $2.5m - $2.75M - 8 / 15 - 53% s.r.

What’s not hot (14% or less for a SR)

- SW Mar. Dr. (2 sold), University area 1 sld)

- which price category - high end 300 homes listed over $4.5m only 10% of them sold


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