September 2023 Real Estate Market Update for Vancouver Westside Detached Homes
17 October, 2023 by
September 2023 Real Estate Market Update for Vancouver Westside Detached Homes
Erin Price Emery

🏠 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. πŸ“‰

πŸ‘€ 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. πŸ‘

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.

πŸ“² 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!

β€œBuy With Confidence, Sell With Success”


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