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Vancouver Westside Single Family Market Update September 2018

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What’s Hot and What’s Not in the Vancouver Westside Single Family Market for September 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 been falling but so have # of sales
– Only 59 homes sold in Aug – only 8% of the available homes – definitely a buyer’s market.

What’s Hot (21% or more for a SR)

– 1 neighbourhood – Kitsilano – special report
– Kits 11 / 35 homes sold 31% sr
– price point strongest & fav sellers
– $2.75M 24% sr

What’s not hot (14% or less for a SR)

– Shaughnessy 1 / 77 sold – 1% sr
– South Granville 3 / 90 sold – 3% sr
– which price category favouing buyers?
– anything over $2.75M really falls off over $4M where only 3% of homes are selling. Crazy thing is over half of the inventory is priced at over $4M.

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