{"id":235,"date":"2022-03-02T12:28:57","date_gmt":"2022-03-02T17:28:57","guid":{"rendered":"https:\/\/www.kenstef.com\/blog\/?p=235"},"modified":"2022-04-12T17:47:40","modified_gmt":"2022-04-12T21:47:40","slug":"detached-houses-movement-in-vancouver-westside-real-estate-january-2022","status":"publish","type":"post","link":"https:\/\/bcoceansideproperties.com\/blog\/detached-houses-movement-in-vancouver-westside-real-estate-january-2022\/","title":{"rendered":"Detached House Movement In Vancouver Westside in January 2022"},"content":{"rendered":"

Detached homes in Vancouver Westside saw a lower sales ratio of 13% in January compared to the previous month. Although this number isn\u2019t as persuasive as the other areas, it is mainly due to a large influx of new inventory above $3.5M with little sales. Houses in the middle range of $1.7M – $3.5M had a strong month in sales ratio (38%), but only accounted for a small portion of new inventory.<\/p>\n

Strong Divide in Sales Ratio for Westside Houses Priced Above\/Below $3.5M Mark<\/h4>\n

Although the Westside suffered a lower sales ratio for the month, houses in Vancouver Westside priced below $3.5M showed very strong<\/a>. New inventory only saw 97 new listings for this large price bracket but recorded a 38% sales ratio with 37 sales. The best performing price band in this bracket was Vancouver Westside houses priced $2.5M-$2.75M<\/a>, with a 100% sales ratio. These homes brought in 11 new listings and 11 sales.<\/p>\n

Weighing down the total sales ratio for the month was Vancouver Westside houses priced $3.5M and above<\/a>. New inventory welcomed 401 of 500 total new listings for the area, accounting for 80% of total new inventory. However, this range suffered a low sales ratio of 6% with only 26 sales. The slowest performing band for this group was houses priced above $6.5M.<\/a> Homes in this category saw a grand addition of 156 new listings and only 4 sales (2.5% sales ratio).<\/p>\n

Nearly No Inventory for Houses Below $1.75M In Vancouver Westside<\/h4>\n

For Vancouver Westside houses below $1.75M<\/a>, the market saw extremely limited inventory for the month with only 2 new listings for the entire price range. This is very similar to last month\u2019s numbers<\/a> and illustrates the strong upward trend in housing prices today.<\/p>\n

Kitsilano, Mackenzie Heights, Marpole Among Highest Performing Neighbourhoods for January<\/h4>\n

Houses in Kitsilano<\/a> had the most action this month with 24 new listings and 9 sales, generating a 38% sales ratio. Mackenzie Heights and Marpole detached homes<\/a> both followed with the next highest sales ratios of 20% and 22% respectively. The two neighbourhoods together accounted for 52 new listings and 11 sales (21% combined sales ratio).<\/p>\n

Lots of New Inventory in Cambie, Dunbar, Shaughnessy<\/h4>\n

Cambie, Dunbar and Shaughnessy saw the most additions to new inventory for the month, however, did not turnover as many sales. The 3 Neighbourhoods collectively brought in 178 new listings for the month with only 17 sales, recording a 9.5% sales ratio. Click here to see the extensive offering of houses in Cambie, Dunbar and Shaughnessy.<\/a><\/p>\n

Get more Insight on Which Houses Sold (and did not) in Vancouver Westside Last Month<\/h4>\n

Contact Ken & Samantha for a more detailed report on Vancouver Westside\u2019s detached houses<\/a> movement in the last month of 2021. We\u2019d love to explore great opportunities with you.<\/p>\n","protected":false},"excerpt":{"rendered":"

Vancouver Westside saw a lower sales ratio of 13% in January compared to the previous month. Although this number isn\u2019t as persuasive as the other areas, it is mainly due to a large influx of new inventory above $3.5M with little sales.<\/p>\n","protected":false},"author":2,"featured_media":236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,8,7],"tags":[47,39,46,44,24,56,49,55,10,40,59],"yoast_head":"\nVancouver Westside Detached House Movement January 2022<\/title>\n<meta name=\"description\" content=\"Vancouver West saw a lower sales ratio of 13% in January. 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