Dec 2018 Westside Market Update
Posted on Jan 08, 2019 in Market Update
The supply of Westside detached homes in December is down 12% from November (652 from 740) and up 6% compared to December 2017. Westside detached home sales (demand) this December were down 47% from November (32 from 60) and down 9% compared to 35 sales in December 2017. December sales are down 61% from the 10 year December average of 83 sales.
Mont...
Nov 2018 Westside Market Update
Posted on Dec 12, 2018 in Market Update
The supply of Westside detached homes in November is down 5% from October (740 from 776) and unchanged compared to November 2017. Westside detached home sales (demand) this November were down 5% from October (60 from 63) and down 26% compared to 81 sales in November 2017. November sales are down 47% from the 10 year November average of 113 sales.
Mo...
October 2018 Westside Market Update
Posted on Oct 04, 2018 in Market Update
The supply of Westside detached homes in September is down 1.3% from August (755 from 765) and down 10% compared to September 2017. Westside detached home sales (demand) this September were down 31% from August (38 from 52) and down 46% compared to 70 sales in September 2017. September sales are down 64% from the 10 year September average of 106 sa...
Sept 2018 Westside Market Update
Posted on Sep 13, 2018 in Market Update
The supply of Westside detached homes in August is down 5% from July (765 from 804) but up 4% compared to August 2017. Westside detached home sales this August were up 6% from July (52 to 55) and up 8% compared to 51 sales in August 2017. A typical July - August sales volume is 120 to 150 homes so 52 and 55 is very slow.
The decrease in supply and i...
Major Price Correction Underway
Posted on Aug 20, 2018 in Market Update
Some realtors believe major price correction underway in Metro Vancouver
The number of detached homes selling in Metro Vancouver has been dropping for more than six months, but only recently has there been signs of easing of the city's stratospheric prices.
A number of Vancouver realtors believe a significant decline is happening in Metro Vancouver h...
August 2018 Westside Market Update
Posted on Aug 15, 2018 in Market Update
The supply of Westside detached homes in July is down 4% from June (804 from 840) but up 10% compared to July 2017. Westside detached home sales this July were down 31% from June (75 to 52) and down 30% compared to 74 sales in July 2017. This year, sales volumes are off 82% from sales in Apr. 2016 (pre foreign buyer tax). July and August are usuall...