As we know the number of Vancouver real estate sales have been on the decline as buyers sit it out waiting for prices to drop. In the last month I have clients who have been buying below the current market levels, by finding Vancouver sellers who need to sell and negotiating hard. As well, my analysis of September sales shows more Vancouver luxury condos and houses on the west side have sold in August/September than since the Feb/March (Chinese New Year). What do these well-heeled Vancouver buyers know? Is the market levelling?
How is the Vancouver Real Estate Market in September?
Sales for the month are still low but there are murmurations in the market, more Vancouver condo buyers crawling back and sniffing out the deals. Many sellers are still in yesterday’s prices – they don’t get it. But there are deals to be had, those sellers that are motivated to sell and will negotiate.
Drilling Down on Vancouver’s Property Sales for September
The stats show four Vancouver condo sales over $4M in the last month, that’s more than I’ve seen since March, for a total of 13 sales YTD over $4M and the current buyers are getting big discounts. There have been 9 Vancouver house sales over $10M YTD, one third in the last month with a 14% average discount on list price. Time to kick some tires and find the soft ones?
P.S. I am your Vancouver real estate condo realtor! hyper-local experience