Understanding the Vancouver Market

Understanding the market is the first step to buying or selling home.

Vancouver Westside and Kitsilano market report. Look like a real estate genius by understanding market conditions. Download a comprehensive SnapStats statstics report specific to your location. Learn how to interpret statistics and how to search for all sold and available homes.


Vancouver Westside Market

For January 2022

Currently, we can see strength in the condo and townhouse market from $400,000 up to $1,750,000. Overall, the Westside condo market is favouring sellers with 43% of them sold last month, and communities with the most activity continue to be Kitsilano and Fairview. The average sale price has been steadily increasing since July, now sitting at $949,950. This is $14,000 more than it was in November 2021 and approximately $110,000 greater than it was in December 2020. Housing inventory is at record low and we can expect prices to continue increasing into the winter months. 

Now let's look at the single family market.  The strength in the Westside single family market lies between $1,750,000 and $4,000,000. Median prices for a detached home in the Westside came down slightly from its peak in November 2021 and now sits at $3,550,000 This is the highest average price we have seen in this year. The strongest location is Kerrisdale with 33% of listed homes sold last month.  

Download your Snapstats statistics report below to learn about the market in your area and price point. 


Kitsilano Single Family Market

For January 2022

During the month of December, 4 of 16 (25%) homes sold in Kitsilano. The most expensive home sold for $3,798,000 on on West 15th Avenue; $190,000 below list price. This would have bought you a 2013 built home on a 4,758 square foot lot. 

The least expensive home, a 81 year old property on 8th Ave, sold for asking price at $2,365,000. This would have bought you a starter home with a mortgage helper on a 3,630 square foot lot.

Out of all 16 homes that sold last month in Kitsilano, 3 of them sold below the asking price and one sold for over the asking price. With limited supply we can expect increased competition in Kitsilano for homes priced under $4,000,000.

Download the 4 homes that sold last month in Kitsilano by clicking on the link below. The report includes a map locating the homes and a 10 photo flyer on each home with property details. No personal information collected. This report is on me.

Look Like a Real Estate Genius

SnapStats brings simplicity and clarity to complex real estate data and statistics. You’ll know which neighborhoods are hot, what home types and sizes are in demand, detailed inventory info, asking and sale prices, average time spent on market, and many more useful details and figures. SnapStats is a great tool to really understand where the market is heading. Watch the "Real Estate Statistics Explained" video for in depth details on how to interpret these SnapStats report. Download your Snapstats statistics report below. 

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Watch the "Curious About Sold Values" video (best viewed in full screen) to learn how to search for all Sold and Active (available) homes right from your mobile phone.

Is the Market Rising or Falling?

Watch the "Predict Pricing" video to understand whether real estate values will go up or down in the future.

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.