Fairview condo sales and activity remained strong in August and led Westside neighbourhoods alongside Kitsilano.
Looking at August sales activity the Fairview condo market had a 56% list to sales ratio, resulting from 100 listings on MLS and 56 condo & townhome sales.
The BIGGER picture
Here’s the breakdown for condo’s & town homes on Vancouver’s Westside in August:
• Overall a Sellers market with a 23% list to sales ratio, unchanged since July (a 2.3 out of 10 selling rate)
• The most active price range was for homes priced between $400k-$500K.
• Homes are selling on average at 100% of list price.
• Buyer’s Best Bet: Homes between $2M to $2.25M, Oakridge, SW Marine, South Cambie, and up to 4 bedroom properties.
• Seller’s Best Bet: Selling Homes in Fairview, Kitsilano, Quilchena, and up to 1 bedroom properties
In August this year condo and townhouse inventory rose by 1%, sale prices increased by 4%, while total sales were the same as July.
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All stats derived from Dean Wegman & SnapStats.
When compared to July inventory in Fairview decreased by 13%, sales jumped by 47%, and benchmark prices rose by 6.5%. Benchmark prices have been rising steadily since December and are now at levels similar to June 2019. Fairview is currently in a “Seller’s” market.
Looking at August sales activity the Fairview condo market had a 56% list to sales ratio, resulting from 100 listings on MLS and 56 condo & townhome sales.
The BIGGER picture
Here’s the breakdown for condo’s & town homes on Vancouver’s Westside in August:
• Overall a Sellers market with a 23% list to sales ratio, unchanged since July (a 2.3 out of 10 selling rate)
• The most active price range was for homes priced between $400k-$500K.
• Homes are selling on average at 100% of list price.
• Buyer’s Best Bet: Homes between $2M to $2.25M, Oakridge, SW Marine, South Cambie, and up to 4 bedroom properties.
• Seller’s Best Bet: Selling Homes in Fairview, Kitsilano, Quilchena, and up to 1 bedroom properties
In August this year condo and townhouse inventory rose by 1%, sale prices increased by 4%, while total sales were the same as July.
Want a more detailed SnapsStats report for Vancouver’s Westside delivered each month? Click here to sign up for free updates to your inbox each month.
All stats derived from Dean Wegman & SnapStats.