Editor's note: Real estate expert Clara Hartree talks about the West Vancouver real estate during the 3rd quarter of 2020 in this Q&A with Haute Residence.
Photo Credit: Onikon Creative
How did the third quarter of 2020 real estate perform in West Vancouver?
The third quarter has been as busy as before the pandemic in early 2020. Prices have come down, interest rates are at all-time lows, and uncertainty is fueling a flight to hard assets, namely real estate.
How has your market been doing so far this year compared to this time last year?
In spite of the pandemic, 2020 has been much more active than 2019.
Photo Credit: realestateimage.com
Do you expect a more or less active 4th quarter for this year than previous years?
It's hard to predict, with elections in our Province and in the US but the present activity indicates a turn into a seller's market. An increased sale of detached homes is finally unlocking the waterfront condo market. I sold two of my oceanfront listings for fair prices ($.2.6 and $2.3) or just over $1500/ sq ft. I am looking for listings in the $3 million range for some of my buyers. No inventory!
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