Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
West Vancouver sales-to-active listings ratio (SAR) for January 2020 was 8.5% for detached homes, 12.1% for condo’s and 18.2% for townhomes. In contrast, North Vancouver was 58.3% for detached homes, 40.2% for condo’s and 52.9% for townhomes.
Lots of numbers to sieve through below to get a feel of West Vancouver market activity:
