West Vancouver‘s sales-to-active listings ratio trend for different property types shows that market conditions vary by property type. Buyers’, sellers’, and balanced markets are terms that describe whether the market is putting upward, downward, or no pressure on home prices. Buyers’ markets typically occur when the sales-to-active listings ratio dips below the 12 per cent…
What’s going on in today’s West Vancouver housing market? The most recent REALTOR® Report, a monthly real estate snapshot released by our real estate board shows a drop of homes sales of approximately -4% from September to August, up +5% for apartments and up +166% for townhomes. The month-over-month sales decline or increases does not…
What’s happening to West Vancouver home prices and where are they headed? REALTORS® are asked these questions every day by clients trying to understand whether it’s a good time to buy or sell. To ensure you have the most accurate picture of home price trends, Real Estate Board of Greater Vancouver developed the MLS® Home…
Months of Inventory is one measure to determine how West Vancouver‘s real estate market is doing! MOI or Months of Inventory is a measure of how fast all the actively listed property types on the market last. You simply divide, at the end of a month, the number of active listings by the number of…
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…
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…
North Vancouver townhomes monthly sale totals and prices have reached historical highs the past months. In contrast, West Vancouver townhome style options are limited resulting in smaller sale numbers. The main difference between a townhome and apartment is structurally. Generally townhomes have no unit above or below but could have a unit on either side. …
Reported West Vancouver and North Vancouver apartment monthly inventory numbers since January has consistently been below their respective 10-year monthly average. Extraordinary apartment monthly sale numbers were recorded the past two months in both communities. West Vancouver totaled 28 in April and 31 in March, the highest monthly sales on record since 2017. In North…
Though West Vancouver house April sale activity was down -18% from the month before, sale totals were up +280% from April last year and +35% above the 10-year monthly average! North Vancouver total reported sales in April were up +4% from March, up an astronomical +381% from same month last year and up +212% above…
It’s all over the map what real estate forecasters are saying: ‘Sales are still projected to reach a record in 2021’ ‘Fatigued Buyers will regain the opportunity to shop the market more carefully’ ‘Market settling down’ “More balanced conditions will become the new normal’ ‘Something is changing’ To get a grasp of West Vancouver‘s housing…
