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Vancouver Westside Single Family Market Update April 2018

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What’s Hot and What’s Not in the Vancouver Westside Single Family Market for April 2018

– Westside single fam is still fav buyers
– Median Prices decreased by 16% last month to $2.98M.
– Inventory increased to 721 homes
– Only 54 homes sold in March – only 7% of the available homes – definitely a buyer’s market.
What’s Hot (21% or more for a SR)

What’s Hot (21% or more for a SR)

– only one neighbourhood – Kitsilano – special report
– 11 / 35 homes sold 31% sr
– price point strongest & fav sellers
– 4 homes sold under $2M / 5 – 80% affordable
– $2.25M – 2.5M 7 / 31 23% sr

What’s not hot (14% or less for a SR)

– Shaughnessy 2 / 79 sold – 3% sr
– Southlands 1 / 30 sold – 3% sr
– which price category favouing buyers?
– anything over $4M
– more than ½ the listings are asking over $4M

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