Market Heating up?

I'm sitting here going over New Listings and Sales on a Monday afternoon. While the number of New Listings is outpacing the number of Sales its the sale prices that have really caught my interest.

I was out over this past weekend with buyers looking at detached homes on the West/East side, Mount Pleasant East/West, Cambie, Main, Douglas Park and other areas. Every open house had a large number of buyers looking and all very actively looking to purchase a home in the next 3 to 4 months if not right away!

This leads to my point about the sale prices catching my attention, HOMES ARE SELLING FOR OVER ASKING AGAIN! There are multiple offers on a large selection of the homes currently listed and buyers out bidding each other by hundreds of thousands of dollars!

For example, 48 E 18TH AV MLS# V929762 Sold before the Open House after just 1 day on the market. It was listed for $1,499,000 and sold for...$1,800,000! As you can see from the photo bellow that is was a very nice house but yes that is an "E" for East Side that you see in the address

Market Heating up?....in short...YES!

 

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