According to the latest Affordability Report from Ratehub.ca, rising mortgage rates have made it progressively tougher to buy a home in recent months, and June was no exception. Affordability conditions worsened across the country, with declines in 12 out of 13 major markets. The report, which crunches monthly real estate and mortgage data to provide…
West Vancouver‘s activity snapshot for January shows home total sale numbers up +13.3%, active listings down -2.4%, days on market down -12.6% and MLS® HPI Benchmark Price up +2.4% compared to same month the year before. January apartments sales were up +83.3%, active listings up +16.9%, days on market down -17.3% and MLS® HPI Benchmark…
West Vancouver (WV) 2024 apartment sales accounted for 31% of WV’s residential property sales in contrast to 49% in North Vancouver. Of the 641 WV 2024 residential property sales, detached homes accounted for 62%, apartments 31% and townhomes 7%. WV 2024 year-end residential sale totals were similar to 2023; 641 versus 633 respectively. Both West…
Confused about the local housing market? Take a glance at the visual for West Vancouver house market activity the past couple of years; the trend of sales, new listings, inventory, Sales to Active Listings Ratio, Sales to New Listings Ratio and the House Price Index! Metrics used in real estate: Months of Inventory…
According to the most recent provincial property assessments, Vancouver, Whistler and West Vancouver had the most number of highly valued properties. B.C. Assessment, the Crown corporation that values and classifies real estate in the province just released on Thursday, January 2, 2024, the latest data from its property assessments dated July 1, 2024. The top…
West Vancouver detached homes and condo activity has been trending pretty much in ‘buyer market territory’ and ‘balanced market conditions’, respectively, the past twelve months. November home sales totaled 32, predominately in Ambleside, Lions Bay and Caulfeild where as November condos sales totaled 11 of which 9 were in Ambleside, 1 in Park Royal and…
West Vancouver October house sales increased +11.1% from same month a year ago where as condos lessened by -16.7%. The MLS HPI Benchmark Price one-year change for both property types softened a titch. Total November active listings for WV homes went up +7.3% compared to November 2023 totals and condos up +31.3%. 15/30 October home…
West Vancouver one-year change for all property types September sale totals weakened; -.9.1% for detached homes, -33.3% for condos and -66.7% for townhomes. Active listing monthly totals increased in all three property types. 30 September home sales included 5 in Dundarave, 3 each in Howe Sound, Cypress Park Estates and Caulfeild and 2 each in…
Our real estate board, GVR, just released West Vancouver May stats for residential properties. This includes detached homes, condos and townhomes! May homes sale totals were down -17.1% from the same month a year ago and inventory totals up +21.7%. The MLS® HPI Benchmark Price this May was $3,346,200, up +7.9% from May 2023’s $3,101,900.…
Timing can influence your home’s selling price. Market conditions also vary by neighbourhood and housing type. Our local real estate board, Greater Vancouver Realtors (GVR) monthly housing market report summarizes the latest home sale, listing, and price trends. Keeping an eye on market conditions helps you understand the ebb and flow real estate prices. For…
