West Vancouver total active listing numbers for all property types was up this April from the month before; +10.9% for detached homes, +44.4% for condo’s and +18.2% for townhomes. However one-year change was down for all property types, -10.1%, -22.6% and -50% for detached homes, condos and townhomes respectively. WV April residential sale numbers was…
West Vancouver March active property listing numbers were not much different from the month before however detached properties were down -8.6%, condos -50.5% and townhomes -42.1% from same month last year. Property sales too were down this March compared to March 2021. Detached properties down -35.7%, condos down -71% and townhomes down -11.1%. The only…
West Vancouver strata listings remain stubbornly low in the early part of 2022 in contrast to detached homes. January and February apartment inventory was down -65.3% and -60.2% from the same month in 2021, townhomes -70.8% and -36.4% and detached homes down -12.7% and -1.2%. The real goods….. Both WV detached homes and apartment…
West Vancouver January house and condo sale activity one year change was up +13.8% and +18.2 respectively. The one year change for the MLS® HPI Benchmark Price increased +11.3% for detached WV properties and +7.2% for condos. Our board stats show that 67% of January house sales was in the $2,000,000 to $3,999,999 range and…
There has been much speculation about the likelihood of an interest rate hike from the Bank of Canada and what it could do to housing market. Some economists are predicting an interest rate hike in the middle of the year or sooner. Others, like senior economist Jean-Francois Perrault, is forecasting ‘…as early as next week…
One sales trend that stood out in 2021 compared to 2020 was the resurgence in demand for West Vancouver apartments despite the continuing waves of Covid-19. On top of that, the number of new listings were down substantially compared to 2020. Seller’s market conditions prevailed for most of 2021. Click the video to…
A measure of real estate prices that provides a clearer picture of market trends over traditional tools such as mean or median average prices is the MLS® HPI. West Vancouver detached house benchmark price ended 2021 at $3,224,500 despite a full year of COVID-19 impacts. It was -4% below the record monthly high of $3,365,600,…
West Vancouver November residential real estate numbers shows interesting trends! WV detached homes and condo’s MLS® HPI Benchmark Price increased +15.6%,and +2.3% respectively from same month last year. Of WV’s 35 neighborhoods*, Ambleside had 27 of the 44 November WV house sales. Balance of houses sales sprinkled throughout the other WV neighbourhoods. *Altamont, Ambleside, Bayridge,…
Several factors influence the housing market, including mortgage interest rates, inflation, employment, investment, construction, immigration, government assistance programs, and the health of local and world economies. All of these influence the supply and demand of the market which, in turn, affects prices. There are three classifications experts use to describe the balance of supply and…
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…
