🏠 In the ever-changing landscape of the Westside detached housing market, we observe a buyer's market with a 10% sales ratio average – meaning approximately 1 in 10 homes are sold. Additionally, homes are selling, on average, at a 3% below their listed prices. 📉
👀 However, the market does showcase some areas of activity, with the most active prices ranging from $2.5 million to $2.75 million, a 56% sales ratio, indicating a seller's market.
Buyers in search of high-end properties and hoping for a good deal might find their luck in houses priced at a minimum of $7.5 million in SW Marine. This area is known for its attractive homes, which are quite spacious and have at least 2 to 7 bedrooms to accommodate various family needs.
Sellers in the Kerrisdale and Kitsilano areas can confidently list their properties, particularly 3 to 6 bedroom homes, as these are in high demand and offer a great opportunity to maximize returns. 👍
The Westside detached housing market does pose some challenges for both buyers and sellers because of changing market trends and shifting preferences. However, with careful planning, research, and a good understanding of the market, both parties can navigate successfully and achieve their goals.
📲 If you have any questions or are looking to Buy or Sell, feel free to reach out to me. I'm here to assist you every step of the way!
“Buy With Confidence, Sell With Success”
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