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We are talking to business coach, Danny Macedo about the housing market in Vancouver's west side.


The west side of Vancouver is home to some of Vancouver and Canada's most expensive real estate, but it also offers some more affordable properties.


The average detached home price over the last year averaged about 3.5 million dollars, which is up about 10% over the previous year.


The condo market on Vancouver's west side is around $800,000.


Most of the activity in this area is first-time home buyers at up to 1.5 million.


Like many areas across North America, we are experiencing a lack of housing supply on the market with housing inventory down.


There are about 750 single detached houses for sale in Vancouver's west side, which is about a 20% increase from the previous year. 150 of those homes are being sold into land assemblies where blocks of homes on busier streets will become larger buildings due to land rezoning.


If you're intersted in selling your home, please get in touch! 604-657-7936 or andrew@andrewhasman.com


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Andrew Hasman from REMAX discusses the busy October market for 2021 in Vancouver.


Think the market has slowed down? Not quite, as there is a high demand in Vancouver. If you're thinking about waiting to sell your home until the spring, here's some perspective:


We've got a cute heritage home for sale on a smaller lot at 4346 James Street, in Vancouver listed just below 2 million, and that's currently considered on the affordable end of the scale.

We put this home for sale on Monday, three days later, we have booked close to 50 by appointment realtor viewings.


That means that 50 Vancouver Realtors have called us with their homebuying clients to book viewings at this property.


The Vancouver housing market is busy with a low inventory of homes, that makes it a great time to see your property.


Don't miss out on this property, we're expecting this property to sell over asking in one week.


We appreciate all referrals.

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604-657-7936
andrew@andrewhasman.com


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New property listed in Main, Vancouver East
We have listed a new property at 4346 JAMES ST in Vancouver.
Such a perfect place to call home on one of Vancouver's most sought after streets & neighborhood. West of Main James St cul de sac. Family friendly in every way. Lovely character home with substantial permitted renovations awaits. This home provides a spacious main floor with open concept and family room off the large kitchen. A semi covered deck opens off the family room and steps down to a private patio oasis which is ideal for summer back yard entertaining. Upstairs the home offer 3 bedrooms and vaulted ceilings in each room. Most of the reno was done in 2012 and it still shows like new. Downstairs there is an Unauth 1 bedroom suite formerly rented at $ 1650 pm w its own laundry. James Street is a close walk to Main St shops, Hillcrest Comm. Ctr, SkyTrain and Queen Eliz park.
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We have sold a property at 1323 THE CRESCENT ST in Vancouver
We have sold a property at 1323 THE CRESCENT ST in Vancouver.
Gracious sun-filled single family home set on 'THE CRESCENT', Vancouver's most distinctive and prestigious area, in the heart of 1st Shaughnessy. Nestled on spectacular 13,048 sqft of land amongst lush gardens and mature trees, with a private gated circular driveway to make this hidden treasure tremendous privacy & serenity. Quality built in 1990, total 3678 sq.ft 2 levels with extraordinary attention to detail, extensive mouldings, vaulted ceilings, Oak floors, custom cabinetry and infloor radiant heat. 3 bedrooms and playroom up, office and grand foyer make excellent use of cherry wood panelling, Kitchen, family room & dining room open to expansive patio. Attached 2 car garage and abundant storage. Close to Granville shops, Van Lawn & Tennis Club, and the top ranked schools.
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We have sold a property at 208 1365 PEMBERTON AVE in Squamish
We have sold a property at 208 1365 PEMBERTON AVE in Squamish.
Are you looking for a nearly brand new home with mountain views? You’ve found it with this one! Welcome to Vantage, one of the newest buildings in Downtown Squamish. Situated in an unbeatable location, this 2nd level 1 bedroom and den condo is your perfect starter home or investment property. This home is bright and beautifully designed with modern finishings. The comfortable open concept living space is fantastic for entertaining. Your kitchen includes stainless steel appliances, plenty of storage, and a large kitchen island. Your living space opens up to your spacious deck overlooking incredible western mountain views. 1 parking and 1 storage locker are included, and the 2-5-10 year home warranty. Call today for your private showing. *Photos have been virtually staged.
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ANDREW AND JILL'S REAL ESTATE BOARD LATEST 2021 STATS PACK FOR VANCOUVER

The September 2021 Market stats are out and available for download. You get the following graphs and charts for both Vancouver East and Vancouver West.

  • Activity Snapshot by Property Type
  • Detached Properties Report and Graph
  • Condo Report and Graph
  • Townhomes Report and Graph
  • Benchmark Price Graph
  • Average Price Per Square Foot

If you are interested in a report like this is for other areas, please contact me to request it and I'll send it to you.

DOWNLOAD VANCOUVER EAST & WEST

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Elevated home sale activity continues to outstrip the supply of homes for sale in Metro Vancouver

Home sale activity remains elevated across Metro Vancouver’s housing market while the pace of homes being listed for sale continues to follow long-term averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,149 in September 2021, a 13.6 per cent decrease from the 3,643 sales recorded in September 2020, and a 0.1 per cent decrease from the 3,152 homes sold in August 2021.

Last month’s sales were 20.8 per cent above the 10-year September sales average.

There were 5,171 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2021. This represents a 19.2 per cent decrease compared to the 6,402 homes listed in September 2020 and a 28.2 per cent increase compared to August 2021 when 4,032 homes were listed.

September’s new listings were 1.2 per cent below the 10-year average for the month.

“The summer trend of above-average home sales and historically typical new listings activity continued in Metro Vancouver last month. Although this is keeping the overall supply of homes for sale low, we’re not seeing the same upward intensity on home prices today as we did in the spring,” Keith Stewart, REBGV economist said. “Home price trends will, however, vary depending on property type and neighborhood, so it’s important to take a hyperlocal look at your location and property category of choice before making a home buying or selling decision.”

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,236. This is a 29.5 per cent decrease compared to September 2020 (13,096), a 2.6 per cent increase compared to August 2021 (9,005) and is 27.7 per cent below the 10-year average for the month.

For all property types, the sales-to-active listings ratio for September 2021 is 34.1 per cent. By property type, the ratio is 25.5 per cent for detached homes, 53.1 per cent for townhomes, and 36.7 per cent for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“The total inventory of homes for sale remains insufficient to meet the demand in today’s market. This scarcity limits peoples’ purchasing options and ultimately adds upward pressure on home prices,” Stewart said. “With the federal election now behind us, we hope to see governments at all levels work with the construction industry to streamline the creation of a more abundant and diverse supply of housing options.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $ 1,186,100. This represents a 13.8 per cent increase over September 2020 and a 0.8 per cent increase compared to August 2021.

Sales of detached homes in September 2021 reached 950, a 27.9 per cent decrease from the 1,317 detached sales recorded in September 2020. The benchmark price for a detached home is $1,828,200. This represents a 20.4 per cent increase from September 2020 and a 1.2 per cent increase compared to August 2021.

Sales of apartment homes reached 1,621 in September 2021, a 1.6 per cent increase compared to the 1,596 sales in September 2020. The benchmark price of an apartment home is $738,600. This represents an 8.4 per cent increase from September 2020 and a 0.5 per cent increase compared to August 2021.

Attached home sales in September 2021 totalled 578, a 20.8 per cent decrease compared to the 730 sales in September 2020. The benchmark price of an attached home is $963,800. This represents a 17.5 per cent increase from September 2020 and a 1.2 per cent increase compared to August 2021.



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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.