2149 sw marine drive sw marine vancouver west

Detached Houses Movement In Vancouver Westside in October 2021


Houses in Vancouver West sold at an average price of $3.2M in October 2021 across 108 transactions, up from 83 in September. The selling ratio was a balanced 17%, while days on market dramatically reduced from 26 in September to 15 in October. The remaining months in 2021 will be interesting to observe, with all sorts of regulation & rate changes being discussed.

Highest & Lowest Absorption Rates Vancouver Houses

The most popular price bands were in a relatively modest price category, while the number of luxury listings added was much higher. The more accessible price points were snapped up quickly in October: 

  1. Vancouver homes priced $1.5m to $2.5m moved at 82% (23/28)
  2. Vancouver homes priced $2.5m to $3.5m moved at 37% (40/109)
  3. Vancouver homes priced $3.5m to $7.5m moved at 13% (45/359)
  4. Vancouver homes priced $7.5m and up moved at 3% (5/144)

The gradual increase in supply in higher price bands, as well as the inverting (decreasing) sales number is notable. How will this inventory of ultra luxury homes disperse in the next few months? Time will tell. 

Slower Activity When Comparing To East Vancouver House Sales

East Vancouver’s sales ratio of detached homes was double (34%) of Vancouver Westside’s, while the average sale price was $1.85M (just more than half), for comparison.

Fast Moving Vancouver Hoods, and Slower Ones

Detached houses in some neighbourhoods outsold other areas by a significant margin, while some areas had very little, or no activity. 

  1. Kitsilano, Vancouver houses moved at 54%
  2. Mount Pleasant, Vancouver houses moved at 40% 
  3. Kerrisdale, Vancouver houses moved at 31%
  4. Mackenzie Heights had 25 new listings with 2 sales for 8%
  5. Southlands had 36 new listings with 2 sales for 6%
  6. Fairview & False Creek registered 0 detached home sales!

Want to see which Vancouver houses sold, and for how much, in October?

To get a detailed report on detached homes sold across Vancouver Westside and which streets were most popular, please contact Ken & Samantha now. 

 

Listings in Featured

9494 Hazel Street, Chilliwack E Young-Yale, Chilliwack photo number 1
JUST LISTED
9494 Hazel Street  
Chilliwack E Young-Yale, Chilliwack
$1,077,000 House 4 Beds 2 Baths 2,424 sqft
383 67a Street, Boundary Beach, Tsawwassen photo number 2
sold
383 67a Street  
Boundary Beach, Tsawwassen
$2,350,000 House 5 Beds 3 Baths 2,730
10899 Cherry Lane, Sunshine Hills Woods, N. Delta photo number 1
sold
10899 Cherry Lane  
Sunshine Hills Woods, N. Delta
$1,788,000 House 4 Beds 4 Baths 3,725 sqft

Vancouver, Fraser Valley and Chilliwack MLS® Reciprocity Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Ken Stef for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.