April 2024 Real Estate Market Update for Vancouver Westside (Houses)
4 June, 2024 by
April 2024 Real Estate Market Update for Vancouver Westside (Houses)
Erin Price Emery

📊 Current Market Trends for April 2024 (Vancouver Westside Houses):

We’re seeing a balanced market with a 13% sales ratio, meaning about 1.3 homes in every 10 are being sold. Most homes are selling slightly below the listing price, making it a fair playing field for both buyers and sellers.

💡 Prime Opportunities for Sellers: Properties in the $2.5 million to $3.5 million range are seeing a lot of action, with a high sales ratio of 39%. It's a great time to sell if your home falls within this bracket!

🏡 Consider Buying: Looking for luxury? Keep your eyes on high-end areas like Cambie, SW Marine, and Shaughnessy, where homes start at $7.5 million. You may want to keep an eye out for properties with a minimum of 7 bedrooms because they are definitely worth your consideration given the current market trends.

💡Consider Selling: Consider listing your property in popular neighborhoods such as Dunbar, Kitsilano, and Point Grey. Properties with 5 to 6 bedrooms are particularly popular and tend to sell quickly.

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