About Vancouver's West End

WHAT IS YOUR HOME WORTH IN VANCOUVER WESTEND?

With access to the Multiple Listing Service (MLS) data I will provide you with what you
need to:

1. Gauge how the market is trending 
2. Find out what sold most recently and for how much        

3. Understand how homes compete on price with other properties selling in the area

4.  View homes for sale with photos to better assess the market conditions

... and answer any pressing questions you
may have.

MLS Market Snapshot  FOR VANCOUVER WESTEND

Vancouver real estate in the West End saw July listings drop to 164, having reached a record high of 281 in November. Sales peaked in May at 88 and dropped to 75 in July. The days on the market for condos that sold dropped to 43, the lowest for the year. The average selling price was $449,000. 75% of the sales were under $500,00 and only 3.5% were over $1M. The list price to sale price ratio increased to 98%, the highest for the year. The West End inventory dropped again to just only 2.1 months, down from 9.7 months in January. The average $ pr sq ft for those West End condos that sold is down slightly to $560, compared to $471 in November. The market under $500,000 has the most demand but $500-$1M doing better. In February it was the market under $300,000 that was selling the best. We shall see what Fall brings.

Listings - 164. 25 listed under $300,000 (including 5 under $200,000). 51 listed between $300,000 and $400,000. 25 listed between $400,000 and $500,000. 35 listed between $500,000 and $1M. 20 listed between $1M & $2M. 13 listed between $2M

Least expensive -$189,00 for a leasehold studio

Most expensive - $5,888,000 for 4500 sq-ft in Shangri-la. View it

Supply - 2 months

VIEW THE GRAPH AND REST OF THIS POST

Compared to June, Vancouver real estate in the West End saw July listings drop to 164, the lowest for the year, having reached a record high in November. Sales climbed from 26 in January to 75 in July., down slightly from June. The days on the market for condos that sold dropped to 43, compared to 69 in January. The average selling price was $449,995. A whopping 75% of the sales were under $500,00 and only 3 sales over $1M. The list price to sale price ratio rose to 98%, the highest for the year. The West End inventory dropped again to just only 2.1 months, down from 9.7 months in January. The average $ pr sq ft for those West End condos that sold is $561,up from $471 in November and equal to a year ago. Higher price ranges still soft. Prices at the bottom now moving up. Market stable and in need of more listings. We shall see what Fall brings.

Listings - 164. 17 listed under $300,000 (including 4 under $200,000). 51 listed between $300,000 and $400,000. 27 listed between $400,000 and $500,000. 32 listed between $500,000 and $1M and 20 listed between $1M & $2M and 12 listed over $2M.

Least expensive - $189,00 for a leashold studio

Most expensive - $5,698,000 for 4500 sqft in Shangri-la. View it Read the rest of this entry »

Compared to April, Vancouver real estate in the West End saw May listings drop 12% to 201, having reached a record high in November. Sales climbing from 26 in January to 88 in May, which is the highest for the year. The days on the market for condos that sold dropped to 49, compared to 69 in January. The average selling price was $482,585. A whopping 85% of the sales were under $500,00 and the highest price was nearly $3M in the Shangri-la. The list price to sale price ratio flat at 96%. The West End inventory dropped again to just only 2.2 months, down from 9.7 months in January. The average $ pr sq ft for those West End condos that sold is down slightly to $541, compared to $471 in November. The market under $500,000 has the most demand (in February it was the market under $300,000). Higher price ranges still soft. Prices at the bottom now moving up.

read the rest of this post and view the graph

Vancouver real estate in the West End saw listings down to 228 in April, from 254 in March, having reached a record high for the year in November. Sales climbing from 26 in January to 73 in April, which is the highest for the year. The days on the market for condos that sold dropped to 51. The average selling price increased from $441,480 to $521,593, the highest for the year. 70% of the sales were under $500,00 and the highest price was $1,180,000 in the Shangri-la. The list price to sale price ratio increased to 96% indicating sellers showing less flexibility. The West End inventory dropped again to just over 3 months, down from 9.7 months in January. The average $ pr sq ft for those West End condos that sold is up to $558. The market between $300,000 and $400,000 and between $500,000 and $700,000 has the most demand (in February it was the market under $300,000). Higher price ranges doing better.

Listings - 228

Least expensive - $159,00 for a leashold studio

Most expensive - $5,888,000 for 4500 sqft in Shangri-la. View it

6 West End condos listed under $200,000. 31 listed between $200,000 and $300,000. 70 listed between $300,000 and $400,000. 34 listed between $400,000 and $500,000. 30 listed between $500,000 & $700,000. 22 listed over $1M & $2M and 14 listed over $2M (mostly in Shangri-la)

read the rest of this post and view the graph