Westside Vancouver House Prices Continue to Dive

HIGHLIGHTS Westside house prices have dropped hundreds of thousands of dollars since peaking and the benchmark house price has dropped below $3 million. Downtown and Westside Vancouver condo prices are also down since their peak in 2018. Higher-priced Lower Mainland markets like Downtown, Westside, and West Vancouver have been hit hardest but the surrounding areas are all impacted. There has been a sudden increase in buying activity this Spring however it is still slower than prior years and there are many homes for sale. Some houses on the Westside have been trying to sell since 2017! As we enter the Summer months, some sellers will likely accept price concessions rather than wait to re-list next Spring.

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