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Vancouver Westside Single Family Market Update October 2018

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

– Westside single fam is continues to fav buyers
– Median Prices increased slightly by 3% last month to $2.9M. Down $900k since median prices peaked last yr
– Inventory has stabilized at 750 homes available
– Only 39 homes sold in Sept – only 5% of the available homes – definitely a buyer’s market.

What’s Hot (21% or more for a SR)

– not 1 neighbourhood is favouring sellers
– Kerrisdale and Oakridge saw a little bit of activity, but only 9 homes sold in these neighbourhoods about 12% of the available homes
– price point strongest & fav sellers
– $2.5M – $2.75M 24% sr 9 / 37 homes sold

What’s not hot (14% or less for a SR)

– All areas are doing poorly now but the worst areas are:
– Shaughnessy 0 / 78 sold – 0% sr
– South Granville 3 / 92 sold – 3% sr
– which price category favouing buyers?
– anything between $3.5M – $4M only 1 / 114 sold .

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