The inventory of houses for sale in the West Side of Vancouver remains extremely tight for current market conditions.  There are currently 571 houses for sale, and in the past 30 days 150 homes have sold, indicating about 3.8 month's supply of inventory.  Since early March, the inventory of detached homes has remained steadily consistent, as new listings are bought up at the same rate that they come to market.  The average list price of detached homes for sale in the West Side is now $3.1 million, and the average selling price in the past 30 days is $2.3 million.  This spread does not indicate the average sell to list price ratio, but that there are more high end luxury homes on the market, the highest being priced at $20 million, which skews the average.  Over the past 30 days, the average number of days to sell a detached home is 26, and the average sell to list price ratio is 99%, still strongly favouring sellers.

Are your life circumstances requiring you to sell your home?  Call Diane Birk 604-261-9311 for a current and accurate evaluation of the equity in your home in today's market.