Vancouver’s West End Market Analysis for April 2008
May 17th, 2008 Categories: Vancouver Real Estate, West End
Vancouver’s West End is well supplied with listings. The market under $500,000 is by far the most active.
Listings 232 - a whopping 60 have had their list price reduced. 135 are listed under $500,000 and 57 are listed between $500,000 and $1 million and 28 are listed between $1 and $2 million, leaving 7 over $2 million. The most expensive is $5,775,000
Sales 38 - 10 had List Price reductions. 26 sold under $500,000 and the remainder sold under $901,000. The least expensive West End condo to sell in April was $262,000.
Days on the Market 30. Average Sale Price $478,000 . 6 months of supply. Average $ pr sq ft - 598. Sale price to list price ratio: 98%
Read my West End stats for last month . Buying or selling a West End condo? Fill out my Contact Form.
View my recent article on BC’s 10th largest town - the West End,with a population of 40,000+, which we think has the best value in West Side condos.
Currently no pre-sales in the West End. 1550 Barclay is a conversion with suites still available and rental friendly. Contact me for more info.
Reflections - a bottom end market. Majority of sales under $500,000 with aover 4 months supply. 5 months supply between $500,000 and $1 million No sales over $1 million.
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Such market analyses should be done by all, not only Vancouver realtors. It would be informative not only for people who work on the market every day but also for first-time buyers/sellers. These people could, in a few clicks, get in touch with the basic info and thus would now when they are being ripped of (or not).
Comment by Vancouver realtor — May 17, 2008 #
great idea jay! it would make life easier for everyone and it’s so easy for REGGV as they have the info on the computer
Comment by maggie — May 21, 2008 #