Vancouver West Side
On almost any day a conversation about the Vancouver’s west side real estate market will leave you dazed and confused. Some claim the market is up. Some say down. Some say it is being overtaken by the offshore Chinese millionaires.
This Vancouver West community snapshot might be saying all of those things.
This snapshot of Vancouver’s West side detached properties covers two 30 day periods between April 28, 2011 and June 27, 2011.
Total Listings decreased from Apr/May’s 1013 to May/June’s 764.
Vancouver’s West Side Sold Homes
The May/June snapshot, records 138 sales – down from Apr/May’s 359.
Expired, Days on Market
- Apr/May had 55 listings mandates expire. This number dropped with May/June recording 27 expired mandates.
- It took an average of 26 days on the market to sell a west side home in both periods
Vancouver’s West Side Average and Median Prices for Homes Sold
- Apr/May’s Average Ask price was $2,454,246. The Average Ask price dropped in May/June to $2,411,217.
- The Median Ask price in Apr/May was $2,088,000. The Median ask increased in May/June to $2,174,000.
- The Average Sold price in the Apr/May was $2,430,307. In May/June that dropped to $2,405,497.
- The Median Sold price in Apr/May was $2,088,000. The Median Sold had a small up-tick to $2,194,000 in May/June.
In this community snapshot the number of sales alone could suggest that the Vancouver west market is staggering. A case could also be made that falling prices indicate a market on the edge. Yet, some Vancouver Realtor® conversations would tell you that this is just a precursor to the slow summer Vancouver market period. If you multitask and look at the graph while listening to the conversations, you too might be staggering on the edge of becoming dazed and confused.