Stats recently released by our real estate board show West Vancouver is in a different market than earlier this year. Residential property sales decreased -41% from same time last year and down -41% from the 10 year monthly sale average. We’re likely in this market because interest rates have more than doubled since the…
The root issue that drives housing prices almost always is supply and demand. Several factors influence supply and demand such as mortgage interest rates, inflation, employment, investment, construction, immigration, government assistance programs, and the health of local and world economies. Check out the supply and demand trend for West Vancouver‘s apartments:
47 West Vancouver home* sales were registered on MLS® in July 2022. This is a -43% decrease from this time last year (YOY) and is -38% below our 10 year average. WV sellers listed 145 homes on MLS® last month. That’s a -8% decrease from last year and -27% decrease from last month. This brings…
What’s happening in West Vancouver‘s property market? Recent stats from our real estate board shows detached home sales were down -45% from June 2021 and -30% from May 2022. In contrast condo sales increased a bit from the same time last year and the month before; +5.3% and +11.11% respectively. The MLS HPI Benchmark Price…
Based on sales to active listings West Vancouver house market has been trending in the vicinity of buyer and balanced market territory since April 2021 and apartments since June 2018. WV townhome SAR (Sales-to-Active Listings Ratio) market trend line is erratic and not really reliable as a result of insufficient monthly sale and active listing…
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…
