John Jennings, Royal LePage Sussex-John Jennings, just released his monthly Market Update! He reports in West Vancouver, there was 24 months of inventory (MOI). This represents a buyer’s market based on MOI. In December there was 15 months of inventory. The sales to new listings percentage was 12%, which represents a buyer’s market. In North…
Metro Vancouver market home sales registered in the MLS® rose 28 percent year-over-year in November, building on the momentum of the 30 percent year-over-year increase seen in October. The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,181 in November 2024, a 28.1 per cent increase from the 1,702 sales recorded…
Thinking of Buying? Selling? Can’t make sense of our local market? Have lots of questions, such as, is there an influx or decrease of homes coming onto the market and is current balance of supply and demand impacting prices? Here’s what you really need to know to make sense of our local market:
In West Vancouver, there were 41 sales in the month of December. The sales to new listings ratio was 113%, which represents a very strong seller’s market. For December 2021, the sales to total active listings percentage was 14%, a decrease from 18% in December 2020. Sales for December 2021 were down by 12 units…
In West Vancouver, there were 41 sales in the month of September. The sales to new listings ratio was 25% which represents a buyer’s market. For September 2021, the sales to total active listings percentage was 9%, a decrease from 15% in September 2020. Sales for September 2021 were down by 23 units compared to…
While still elevated, home sales and listing activity in Metro Vancouver has eased back from record setting pace seen earlier this year. REALTORS® registered 3,762 home sales on MLS® in June. That’s a +54% increase over this time last year and +18% over the 10 year average for the month of June. On the supply…
