Vancouver West Real Estate
Vancouver West Real Estate - November, 2009
The following charts give a bird-eye view on the real estate market for Vancouver West:
 |
 |
 |
| Property Type | Benchmark Price | 1 year Change % |
3 Year Change % |
5 year Change % |
| Detached house | $1,356,169 |
+ 5.3% |
+12.5% |
+44.8% |
| Townhouse | $715,027 |
+25.3% | +14.8% |
+61.4% |
| Condo / Apartment | $683,122 |
+12.9% |
+8.5% |
+46.4% |
Market Sentiment
Current list/sale ratio is under 3 months of inventory. The demand for housing is strong, while supply continues to shrink. There was a visible increase in the supply of condos over the past 3 months. This market segment will likely be the first to soften if there is a significant jump in the interest rates. Home buyers in this market segment are sensitive to interest rates and any tightening in mortgage financing rules.
You can view detached homes listed for sale in Vancouver West and Downtown Vancouver condos here.