Contact Kim Cheng

Contact Kim Cheng
Cell: 604-880-8971
Office: 604-437-1123 
Oakwyn Realty Downtown
400-1286 Homer St,
Vancouver, BC V6B 2Y5

Market News

Vancouver Real Estate Market Update - Nov 2016

Happy Holidays!

 

November saw another strange month of market activity.  At the end of November, prices at the low end spiked with multiple offers again being submitted.  The higher range of the market continues to normalize.  Only time will tell which trend is the market direction.  Likely we will also see some market effects over the next 6-8 months as President-Elect Trump takes office. 

 

Attached below is the November market update numbers.

 

 

2 Bedroom

1 Bedroom

 

#Active

/sq.ft.

#Sold

/sq.ft.

#Active

/sq.ft.

#Sold

/sq.ft.

Woodwards

3

$1,169

1

$945

5

$913

3

$845

Downtown

313

$1,196

56

$1,028

299

$996

66

$907

Coal Harbour

28

$1,385

2

$1,320

27

$1,164

3

$954

 

 

We have also included the Real Estate Board statistics which show that prices are roughly the same although as expected with the recent government changes, the activity is lower both month-over-month and compared to last year.

 

I would be happy to discuss your long and short term real estate strategies with you.  Call or email me today!

.

Regards,

 

Kim

 

E&OE

 

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