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Brendan Connolly

Vancouver Real Estate: Westside, Eastside & Downtown

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Vancouver Westside market trends – Houses

Live, interactive charts. Updated monthly!

These Vancouver Westside housing market trends are for the combined sub-areas of Arbutus, Cambie, Coal Harbour, Downtown (West), Dunbar, Fairview, False Creek, Kerrisdale, Kitsilano, MacKenzie Heights, Marpole, Mount Pleasant (West), Oakridge, Point Grey, Quilchena, SW Marine, Shaughnessy, South Cambie, South Granville, Southlands, University, West End and Yaletown.

Graphs for other areas are available. Please get in touch for more information.


Sales Prices

The BC government began collecting the residency status of buyers in June 2016, and swiftly introduced an additional 15% Property Transfer Tax for foreign entities on 2nd August 2016.

The MLS® Home Price Index (HPI) measures home price trends and home price inflation/deflation in residential markets within territories of participating boards in Canada. Prices quoted in the monthly news release from REBGV and in the media typically refer to the MLS® HPI Price. For more information about this tool, visit homepriceindex.ca

Sales-to-Active-Listings Ratio

Generally, analysts say that a balanced market occurs when the sales-to-active-listings ratio (SALR) is between 15% and 20%.
A SALR below 15% is deemed a “buyer’s market” with downward pressure on prices.
A SALR above 20% is deemed a “seller’s market” with upward pressure on prices.
2008 and 2012 were noticeably slower years for selling detached homes on Vancouver’s Westside.

Total Inventory

Inventory levels are typically lower around the Christmas period, but that does not mean that it’s a bad time to have your home on the market!

Number of Sales

Generally, the number of real estate transactions peak in the spring, and there is a second, lower peak in the fall. Transactions are reported to the Real Estate Board when the contract becomes “subject-free” so there is usually a time delay between writing an offer and recording the sale.

Reviews

Market trends - Westside

  • Houses
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  • Apartments

Westside houses

  • All Westside sub-areas
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  • MacKenzie Heights
  • Marpole
  • Oakridge
  • Point Grey
  • Quilchena
  • Shaughnessy
  • South Granville
  • Southlands
  • SW Marine
  • University Endowment Lands

Blog categories

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  • Vancouver trends

Dedication, open communication style

Lisa & Dean

We forgot the extent of the process and we appreciate the dedication and time you spent going through it with us and explaining everything. Your open and honest communication style helped us get through the… Read more “Dedication, open communication style”

Lisa & Dean
Registered Dietician & Firefighter

Recent articles

Spring ushers in calmer housing market trends in Metro Vancouver

VANCOUVER, BC – June 2, 2022 – After reaching record-setting levels in 2021, home sale activity has returned to more typical seasonal levels in Metro … [Read More...] about Spring ushers in calmer housing market trends in Metro Vancouver

Metro Vancouver homes sales return to more traditional levels in April

VANCOUVER, BC – May 3, 2022 – Home buyer demand in Metro Vancouver* returned to more historically typical levels in April. The Real Estate Board of … [Read More...] about Metro Vancouver homes sales return to more traditional levels in April

Calmer than last spring’s record pace, Metro Vancouver home buyer demand remains elevated

VANCOUVER, BC – April 4, 2022 – While down from last year’s record numbers, home sale activity in Metro Vancouver’s* housing market remained elevated … [Read More...] about Calmer than last spring’s record pace, Metro Vancouver home buyer demand remains elevated

Listings inch up, demand remains steady and price gains continue in Metro Vancouver’s housing market in February

VANCOUVER, BC – March 2, 2022 – The Metro Vancouver* housing market saw steady home sales activity, modest increases in home listings and continued … [Read More...] about Listings inch up, demand remains steady and price gains continue in Metro Vancouver’s housing market in February

Low supply keeps upward pressure on home prices across Metro Vancouver’s housing market

VANCOUVER, BC – February 2, 2022 – The first month of 2022 saw home sales come down from last year’s record-setting pace, while low supply continued … [Read More...] about Low supply keeps upward pressure on home prices across Metro Vancouver’s housing market

Metro Vancouver home sales set a record in 2021

VANCOUVER, BC – January 5, 2022 – Metro Vancouver* home sales reached an all-time high in 2021 as housing needs remained a top priority for residents … [Read More...] about Metro Vancouver home sales set a record in 2021

Contact

RE/MAX Crest Realty
1428 W 7th Ave, Vancouver, BC,
V6H 1C1, Canada
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604-833-8793
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