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Market Correction Part 2: Westside Single Family Market Today vs 2008

Download Statistics: http://davidsetton.com/snapstats.html

What’s hot What’s Not – Vancouver Westside – Single Family for Feb 2017

– Westside is definitely fav buyers

– Median Prices dropped dramatically between Dec of last year and Jan of this year.

– only 37 sing fam homes sold in Jan

– last time i saw so few sales after the financial crisis in Oct/Nov 2008

– supply is still low at 537 homes

– difference in Oct 2008 we had 1015 listings

What’s Hot (21% or more for a SR)

– Not one neighbourhood is favouring sellers

– Strongest market was Point Grey 9 / 56 –  bal

– which price categories favouring sellers

– $2M – 2.25M          2 / 9          22%

– $2.25M – 2.75M     10 / 33      30%

What’s not hot (14% or less for a SR)

– South Granville 1 / 67 – 1% sr

– Shaughnessy 2 / 62 sold – 3% sr

– which price category

– anything over $2.75M – buyers – 208 homes priced over $5M  – only 5 sold – ironic.

My take download

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