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Faith’s Exclusive Market Update – West Side Analysis Q2 2011

Highlights from the report:

 

Detached Homes

  • In Shaughnessy, the HPI Benchmark Price increased by 17.4% to reach $3,145,289, while Cambie jumped by almost 32% to$1,584,581 (year-over-year).
  • Sales activity of Detached Homes in our Key West Side neighbourhoods had a minor slowdown of 6% in Q2 of 2011, with 535 units sold.

 

Attached Homes

  • The HPI Benchmark price for Attached homes in Kitsilano outpaced that of the West Side to reach $946,473. This is an increase of 10.3% from the first quarter, and 11.3% year-over-year.

 

Apartments

  • In our Key West Side neighbourhoods, unit sales of Apartments are down compared to both Q1 2011 and Q2 2010, by 6.2% and 22% respectively.
  • Despite the slowdown in sales activity, Median Prices of Apartments have remained steady at $498,900.

 

In This Report…

Our Analysis of Q2 2011 Benchmark Prices in Vancouver’s West Side:

  • An explanation of the MLSLink HPI Benchmark Price system and why it is importamtn to you
  • An overview of HPI Benchmark for Detached, Attached & Apartments/Condos
  • Faith’s analysis and Key Insights

 

For the complete Market Update, click on the link below!

Exclusive Market Update – West Side Analysis Q2 2011

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