With detached home sales for the month at 143 homes against active listings around 690 homes, the inventory of Vancouver West detached homes (MOI) at around 4.8 months showed the supply and demand for detached homes in Vancouver west was relatively stable.
Since June, 2010 both the median and average prices for September remained stable at around $1,660,000 and $1,800,000 respectively. Compared to the peak average prices around $2,000,000 in the first half of the year, Vancouver west detached homes registered a 10% erosion in the average home prices for the past 4 months.
Building Lot Sales Activities
Feed-backs from Realtors active on Vancouver West confirmed continued strong demand for good building lots of all sizes in various westside neighborhoods. Dunbar is one of the most noticeable neighborhood where demand for housing lots was very strong. Building lot prices here remained firm and in some instances, older homes here were sold within days after being listed on the market.
You can view detached homes for sale in Vancouver west using the link here.