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…
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 January 2020 was 8.5% for detached homes, 12.1% for condo’s and…
West Vancouver house sales increased for the second consecutive year and up +28% from last year despite the pandemic. Throughout 2020 WV monthly inventory was below the 10 year monthly average and since May the Months of Inventory trended below the 10 year monthly MOI resulting in West Vancouver’s House Price Index edging ever-to-slightly up!…
In West Vancouver total December sale numbers for homes and condominiums improved from same month last year. Houses up +89.3%, Condos up +100.0% and, Townhomes 0.0%. Also up was the MLS® HPI Benchmark Price for most WV property types: Houses up +7.7%, Condos up +8.4% and, Townhomes —. Take a glance at WV December 2020…
