Vancouver Real Estate Market Update Reports / Vancouver Westside Real Estate Market Update Forecast Report

   The Vancouver Westside Housing Market Forecasts and Investment Trends

 


Vancouver Westside  Market Reports and Forecasts Market Update sponsored by Bill Coughlin

Vancouver West Side Market Update Iinvestments Report
Vancouver
Westside, Kerrisdale, Shaughnessy, Kitsilano, Point Grey Real Estate Market Update Report

What are Vancouver Westside's Best and Worst Investments?

Archive Peak to Date Price Change

Nov 1, 2023

gas gauge

Current: Vancouver Westside is in a Stable Market with average  10 %SOLD rate and a Sale Price /List Price 96% or
                 $123,000 average sale price discount from original list price.

Most Active Range: Homes between $2.75 mill. $3.15 mill. have 23.3 %SOLD rate.  
Least Active Range: Homes above $10.0 mill. have 1.2 %SOLD rate 

History: The Vancouver Westside Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $53,880.
               The Vancouver Westside Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $15,025.
                *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Vancouver Westside has average Listing Supply 577 homes are for sale and with the 10 %SOLD monthly rate gives us a ~13 months of inventory. 3% of the active listings have reduced their price by $262,577 on average and $215,000 median for the last month.

Greater Vancouver October 2023:

In October, the average price of Single-Family Detached Homes in Greater Vancouver continued to decline, with an average price of $15,669, representing a substantial decrease from the previous month's average of $297. This is the most significant decrease we've witnessed in the current year and the lowest October price drop in the past 25 years. 

The ongoing conflicts now involving Israel and Hamas, as well as Russia and Ukraine, have significantly eroded buyer confidence. This, in turn, has led to increased uncertainty in oil prices, inflationary pressures, and higher food prices. Additionally, buyers are currently facing unprecedented limitations on their borrowing power, which have not been seen in the past 20 years. Based on our forecasts, we anticipate that the market will continue to experience a decline until February 2024.

Presently, both the condominium and townhouse markets are in a near state of balance. Condominium prices have decreased by an average of $5,697, while townhouse prices have actually risen by $2,472.

Every Saturday at noon, we analyze 97 different city House Price Indices and present the most accurate market trends to you at VancouverMarketReports.com. Please get in touch with us if you'd like a market value update that includes a thorough analysis and forecast for your neighborhood and local market area. - Your Neighborhood.

Fraser Valley October 2023:

In October, the average price of Single-Family Detached Homes in Fraser Valley decreased by $10,502, which represents a positive change from the prior month when the average decrease was $15,966. This represents the lowest price decline for the month of October over the last decade.

The ongoing conflicts now involving Israel and Hamas, as well as Russia and Ukraine, have significantly eroded buyer confidence. This, in turn, has led to increased uncertainty in oil prices, inflationary pressures, and higher food prices. Additionally, buyers are currently facing unprecedented limitations on their borrowing power, which have not been seen in the past 20 years. Based on our forecasts, we anticipate that the market will continue to experience a decline until February 2024.

As per the latest data, both the condominium and townhouse markets are experiencing significant declines. The average price of a condominium has dropped by $7,595, while the average price of a townhouse has declined by $7,783.

Every Saturday at noon, we analyze 97 different cities' House Price Indices and present the MOST ACCURATE Market Trends to you at VancouverMarketReports.com. Please get in touch with us if you'd like a market value update that includes a thorough analysis and forecast for your neighborhood and local market area. - Your Neighborhood.

 

 

   

   Disclaimer: Market predictions and Investment Trends are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

 

   We invite you to analyze your home value/investment in 30+ market areas by inputting your previous purchase price and date in the Evaluator below! See "Evaluator / Forecaster" movie for directions. To see your homes monthly price changes from now on, just email your report to yourself. (3 bars link to email function)

 

Vancouver real estate investments

             
    Vancouver Westside Forecaster 
 
   Vancouver Westside's Home Evaluator / Return On Investment / Forecaster
Single Family Detached High End .. more than $3,500,000     

What Is Your Home Value, Profit; Return On Investment?
              你的房屋价值 ,利润, 投资收益率知多少?


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                                                    计算你的房产价值;     与130的本地和全球市场比较你的投资利润
Calculate Your Home Value & Compare Your ROI to 130 Local & World Markets. 
           

 
 
 
 
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We thank Bill Coughlin for her support of these Vancouver Westside including Shaughnessy, Point Grey, Kerrisdale, Kitsilano, Dunbar Market Updates . Contact Bill as the Local Expert....  more details.  

Dunbar, Shaughnessy, Kerrisdale, Kitsilano, Point Grey Residential Detached housing market Vancouver Westside,

Dunbar, Shaughnessy, Kerrisdale, Kitsilano, Point Grey Residential Detached housing market Vancouver Westside,

Dunbar, Shaughnessy, Kerrisdale, Kitsilano, Point Grey Residential Detached housing market Vancouver Westside,

Dunbar, Shaughnessy, Kerrisdale, Kitsilano, Point Grey Residential Detached housing market Vancouver Westside,

Download the full VancouverWestsideMarketupdatereport.PDF

Kitsilano, Point Grey Residential Detached housing market Vancouver Westside,Shaughnessy, Kerrisdale

Kitsilano, Point Grey Residential Detached housing market Vancouver Westside,Shaughnessy, Kerrisdale

Kitsilano, Point Grey Residential Detached housing market Vancouver Westside,Shaughnessy, Kerrisdale

Kitsilano, Point Grey Residential Detached housing market Vancouver Westside,Shaughnessy, Kerrisdale

This is the Vancouver Westside Real Estate Market report which covers sub areas like Dunbar, Point Grey, Kitsilano, Shaughnessy etc

Click Image to compare previous STR/ MTI graphs            Trying to do the math? Lessons:  STR   MTI 

Ladner, South Delta, Real Estate Market Update Report

 

Vancouver Westside  Market Update and Forecasts         

Real Estate Market Analysis Reports (Investment Trends and Forecasts)

For Vancouver Westside, Dunbar, Point Grey, Kerrisdale, Kitsilano, Shaughnessy Investment areas

This is the most accurate  %SOLD-Monthly Sell Through Rates (STR Graph)  using a 4 week time period to analysis the housing prices and Market trends. This Market Report is derived from the exact Sat to Friday 4 week time periods and this is dramatically more accurate than the month to month comparisons that vary based on actual working days eg month, weekends. These trends enable Real Estate Market predictions and forecast outlooks.

 

Disclaimer: Market predictions and Investments forecasts are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

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