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 the past seven months has been:
Detached Homes
Jan 8%
Feb 23%
Mar 26%
Apr 18%
May 12%
Jun 12%
Jul 12%
Apartments
Jan 12%
Feb 14%
Mar 33%
Apr 34%
May 24%
Jun 22%
Jul 30%
Townhomes
Jan 17%
Feb 18%
Mar 47%
Apr 15%
May 14%
Jun 18%
Jul 24%
Check out the recent July stats below to get a grasp on West Vancouver’s market activity for detached homes, apartments and townhomes or reach out to [email protected] ;)!
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