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Vancouver Westside Single Family Market Update August 2019

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

– Westside single fam is continues to fav buyers
– Median Prices have stabilized at $3M.
– Inventory is hovering at around 650 – 700 homes
– 79 homes sold in July – about 12% – buyers market

What’s Hot (21% or more for a SR)

– 2 neighbourhoods are favouring sellers now
– Cambie and Arbutus
– 11 / 44 homes sold in Cambie or 25%
– 6 / 26 homes sold in Arbutus or 23%
– price point strongest & fav sellers
– $2M – $2.25M 59% sr 13 / 22 homes sold

What’s not hot (14% or less for a SR)

– In other words where should buyers be looking
– Marpole 2 / 48 sold 4%
– Southlands 2 / 31 sold 6%
– which price category favouring buyers?
– anything over $3.5M fav buyers.
– anything over $5M really weak – 218 priced over $5M homes 4% selling

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