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 email@example.com
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