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Vancouver Westside Single Family Market Update for July 2017

Download Market Report: http://davidsetton.com/snapstats.html

What’s hot What’s Not – Vancouver Westside – Single Family for July 2017
– Westside single family market transitioned from a sellers market in May to a balanced market in Jun
– Median Prices are up 19% from Jan of this yr.
– Inventory jumped 17% last mo and sales dropped by 39% so we should see asking prices come down in next few months.
– 113 homes sold in June
– Inventory still low only 667 sf homes available

What’s Hot (21% or more for a Sales Ratio)
– which strongest – Kitsilano, Quilchena, Oakridge
– Kitsilano doing really well 17 / 49 sold 35% sales ratio. (report)
– Quilchena 6 / 21 sold 29% sales ratio
– price point strongest & favouring sellers
– $2.0M – $2.5M 15 sold / 24 listed 63% sales ratio
– $3M – $3.5M 18 / 54 33% sales ratio

What’s not hot (14% or less for a Sales Ratio)
– University 2 / 23 – 9% sr
– Shaughnessy 5 / 78 sold – 6% sales ratio
– which price category
– anything over $4.5M – buyers market – 352 homes priced over $4.5M – only 25 sold. 7% sales ratio. anything under 14% is a buyers market

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