Our real estate board reports that residential property sales in West Vancouver was down approximately 34% and 13% from sales recorded in 2021 and 2020 respectively. Last year’s sales total was approximately 25% below the 10-year sales average. This sale activity trend was similar to North Vancouver. “The headline story in our market in 2022…
A House Price Survey was just released by Royal LePage. According to its regional summaries, the aggregate price of a home in Greater Vancouver increased 2.4 per cent year over-year to $1,250,200 in the third quarter of 2022. On a quarterly basis, the aggregate price of a home in the region decreased 4.7 per cent;…
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…
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…
Our real estate board just released its latest economic analysis. It takes a deeper look at housing supply trends in Metro Vancouver* and the ratio of buyers to sellers that have been active in the market throughout the COVID-19 pandemic. *Areas covered by the Real Estate Board of Greater Vancouver include: Burnaby, Coquitlam, Maple Ridge, New Westminster,…
