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Vancouver Westside Single Family Market Update April 2019

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What’s Hot and What’s Not in the Vancouver Westside Single Family Market for April 2019

– Westside single fam is continues to fav buyers
– Median Prices have stabalized at $2.8M.
– Inventory is also stable at 658 homes on the market
– 64 homes sold in Jan – about 10% – buyers market

What’s Hot (21% or more for a SR)

– 2 neighbourhoods are favouring sellers now
– Kitsilano saw the most activity with 9 / 40 sold 23%
– Quilchena is also fav sellers with 3 / 13 sold 23%
– price point strongest & fav sellers
– $2M – $2.25M 64% sr 9 / 14 homes sold

What’s not hot (14% or less for a SR)

– South Granville 4 / 74 sold 5%
– Shaughnessy 1 / 68 sold 1%
– most inventory in these 2 neighbourhoods
– which price category favouring buyers?
– anything over $2.75M fav buyers. Ironically almost all the inventory is priced over $2.75M.
– What’s really amazing is that ⅓ of the inventory is priced over $5M!

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