West Vancouver and North Vancouver market activity for detached homes has shifted below our long term averages. Inflationary pressure and rising interest rates are likely key drivers of these trends. This shift in market conditions may cause prices to continually edge down as they have over the past while. At this time, many…
Our board just released its monthly stats saying “Metro Vancouver’s housing market is experiencing a quieter summer season marked by reduced sale and listing activity”. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 1,870 in August 2022, a 40.7 per cent decrease from the 3,152 sales…
Even if you don’t consider yourself handy—and there’s no shame in that—having a well-equipped toolbox is a must for every homeowner. You never know when you’ll need to screw a cabinet handle back in, hammer down a floorboard, or tighten a loose pipe until a professional can do a permanent fix. Your toolbox doesn’t need…
Find it confusing when your on a home search mission, driving realtor.ca or realtylink.org? All you’d like to do is focus on specific West Vancouver and or North Vancouver neighborhoods for your next address but uncertain about neighborhood boundaries? This might help! Our real estate boards most current neighborhood boundaries for West Vancouver totals 36…
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…
Our real estate boards new Director of Economics and Data Analytics when asked ‘In your opinion, what economic indicators are the most telling about what’s happening in the real estate market?’ Andrews Lis replied: “I think most people would focus on average (or median) prices and sales volumes. We certainly see lots of discussion about…
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…
With interest rates and housing supply increasing, Metro Vancouver home buyers are operating in a changing marketplace to begin the summer season. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 2,444 in June 2022, a 35 per cent decrease from the 3,762 sales recorded in June…
After reaching record setting levels for many North Shore property types, last year home sale activity has returned to more typical, seasonal levels this Spring due in large part to rising interest rates. On the North Shore, REALTOR®s registered 287 North Vancouver and 69 West Vancouver home sales on MLS® in May. This is a…
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…
