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Vancouver Westside Single Family Market Update for May 2017

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What’s hot What’s Not – Vancouver Westside – Single Family for May 2017
– Westside single fam market remains in a balanced market. Right where it should be.
– Median Prices came down 5% in April to $3.2M
– 111 homes sold in April
– Inventory still low only 561 single family homes available

What’s Hot (21% or more for a SR)
– which areas are strongest – Quilchena and Dunbar
– Dunbar 18 / 68 sold 26% sales Ratio 21% or more
– Quilchena 7 / 23 sold 30% sales ratio
– price point strongest & fav sellers
– $2.25M – 2.5M 12 / 12 100% sr
– $3M – $3.5M 20 / 57 35% sr

What’s not hot (14% or less for a SR)
– Southlands 2 / 25 – 8% sr
– Shaughnessy 2 / 62 sold – 3% sr
– which price category
– anything over $4.5M – buyers market – 210 homes priced over $5M – only 16 sold. 8% sr. anything under 14% is a buyers market

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