West Vancouver sales-to-active listings ratio (SAR) for June 2021 was 12.6% for detached homes, 22.9% for condo’s and 19.2% for townhomes. In contrast, North Vancouver was 45.5% for detached homes, 50.8% for condo’s and 80.8% for townhomes.
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.
Into sieving thru real estate numbers?
Scroll through June stats below to get a feel of West Vancouver market activity that includes detached homes, apartments and townhomes: