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Vancouver Westside Single Family Market Update December 2018

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

– Westside single fam is continues to fav buyers
– Median Prices are at $2.8M. Consistently at this price point since July, with exp of Oct where prices spiked $3.4M
– Inventory has dropped a little to 692 homes available
– Only 61 homes sold in Nov – only 9% of the available homes – definitely a buyer’s market.

What’s Hot (21% or more for a SR)

– 2 neighbourhoods are favouring sellers
– Kits saw some sales 9 / 35 – 26% sales ratio (sr)
– Oakridge – 4 / 14 (29%)
– price point strongest & fav sellers
– $1.75M – $2.0M 50% sr 7 / 14 homes sold

What’s not hot (14% or less for a SR)

– All areas are doing poorly now but the worst areas are:
– Shaughnessy 3 / 73 sold – 4% sr
– South Granville 4 / 81 sold – 5% sr
– which price category favouing buyers?
– anything over $2.75M fav buyers.
– anything over $4M really weak only 4% of homes selling over $4M and more than half inventory is priced

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