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Vancouver Westside Single Family Update for April 2017

Get your Statistics here: http://davidsetton.com/snapstats.html

 

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

– Westside single family market has moved from a buyer’s market in January to a balanced in March
– Median Prices jumped up 22% in 2 months to $3.5M
– 95 homes sold in March
– doesn’t sound like a lot, but only 532 homes were available

 

What’s Hot (21% or more for a Sales Ratio (SR))

– In Jan, not one neighbourhood was favouring sellers. In March, 9 neighbourhoods favouring sellers
– which areas are strongest – Arbutus and Dunbar
– Dunbar 23 / 62 sold 37% sales Ratio 21% or more
– Arbutus 6 / 20 sold 30% sales ratio
– price point strongest & favouring sellers
– $2.00M – 2.25M 4 / 8 50% sr

 

What’s not hot (14% or less for a SR)

– South Granville 5 / 70 – 7% sr
– Shaughnessy 3 / 61 sold – 5% sr
– which price category
– anything over $4M – buyers market – 202 homes priced over $5M – only 16 sold. 8% sr. anything under 14% is a buyers market

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