Fairview condo market among strongest on Westside 

Condos & Townhomes Sales Increase in October 

Vancouver’s westside and Fairview were in a “Seller’s” market in October despite the balancing and declining sales seen in many parts of Metro Vancouver. 

How do we know? List to Sales Ratio 

  • A buyer’s market has a 0-12% list to sales ratio
  • A balanced market has a 12-20% list to sales ratio
  • A seller’s market has a 21% or greater list to sales ratio

Fairview real estate had s strong month in October with a 48% list to sales ratio, resulting from 97 listings and 47 sales in October. Other Westside neighbourhoods with strong demand in the condo and townhouse markets were Dunbar, Fairview, and Quilchena.  

The BIGGER picture 

Here’s the breakdown for condo’s & town homes on Vancouver’s Westside in October:

Overall a Sellers market at 22% list to sales ratio (2.2 out of 10 selling rate)
The most active price range was for homes priced between $400k-$500K
. Homes are selling on average at 4% below list price
. Buyer’s Best Bet: Homes between $1.75M to $2M, Point Grey, Shaughnessy, South Cambie & minimum 4 bedroom properties
Seller’s Best Bet: Selling Homes in Fairview, Kitsilano, Quilchena, and up to 1 bedroom properties
In October this year condo and townhouse inventory decreased by 3%,  benchmark prices decreased by 1%, while total sales rose by a whopping 49%.

Thinking of buying or selling? Over 10 years of serving clients in the Fairview area. Contact us here
 for a consultation at your convenience. 

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All stats derived from Dean Wegman & SnapStats