November real estate prices on Vancouver's West Side continued to trend upwards. Average sales price for houses is now $3.5M - up 18.7% over the last year.
Townhomes sit at $1.062.000, up 12.7% over the last year.
Condos clocked in at $748,000, up 15.6% over the last year.
The sales to active ratio for condos is the highest it's been since 2006, now 50%. Townhomes win the contest at 55%, the highest in the last ten years.
Houses sit at 30%, back to 2011 levels.
West Side house sales are up 43% from a year ago, townhomes are up a whopping 72% from a year ago and condos are 38% higher.
House listings are down 26% from a year ago, townhomes are down 47% and condos are down 42%.
Overall dollar volume matches February 2011. All types of Vancouver real estate are selling at an average of less than 0.5% of list price.
Average price pr sq ft for house sales is $1056, townhomes are $778psf and condos are $772psf. An all time high for all types.
Thinking of buying or selling? Call Maggie! Seriously Local! 604-328-0077