Vancouver has two main areas. Vancouver East & Vancouver West. In December 2018 the average detached home in Vancouver West sold for $3,306,055 whereas the Average home in Vancouver East sold for $1,480,383 That’s $1,825,672 more for a home on the Westside! However, we are not comparing apples with apples. The other factor you must account for is the size of the lot the home is on.
As of December 2018 there were 494 detached homes listed with an average size lot of 4,270 sq foot, and of the homes that sold, it worked out to $346.63 per sq foot. Of the 549 homes listed on the Westside, the average sized lot was 7,808 sq feet and of the homes that sold, worked out to $423.39 sq foot.
This means for $76.76 per sq foot more.. you would get (on average) a lot that is 3,538 sq feet more. A larger lot generally means a larger home as well.
If you’ve always wanted to live on the Westside, now may be the single best time to do that. For a complimentary, no obligation market evaluation on your home.. give me a shout at 778.879.8366 or send me an email with your name and address to firstname.lastname@example.org