west vancouver strata pulse

(August 14, 2014 , posted in West Vancouver Strata)


Since the beginning of the year the North Shore's West Vancouver strata market has been pretty much in buyers' market territory:
  • 11% Sales Ratio average (SRA) in January meaning that 1.1 in 10 strata homes selling
  • 13% February SRA
  • 10 % March SRA
  • 14% April SRA
  • 14% May SRA
  • 16% June SRA
  • 13% July SRA

North Vancouver strata market pulse is a bit different from West Vancouver hanging mostly in the upper reaches of balanced market conditions:
  • 15% January SRA
  • 21% February SRA
  • 16% March SRA
  • 17% April SRA
  • 20% May SRA
  • 23% June SRA
  • 18% July SRA
Both West Vancouver and North Vancouver realized steady monthly increases in strata seller and buyer activity since the beginning of the year however monthly listing supply and sales softened in July, -20% and -22.63% respectively from the month before.  

Coincidentally June was the strongest strata home selling month year-to-date for both West Vancouver and North Vancouver, 25 sales and 137 sales respectively.



July's 20 West Vancouver condominium and townhome sales were found in the following neighborhoods:
  • 11 Ambleside
  • 2 Dundarave
  • 2 Panorama Village
  • 1 Cypress Park Estates
  • 1 Deer Ridge
  • 1 Park Royal
  • 1 Howe Sound
and 106 in North Vancouver:
  • 29 Lower Lonsdale
  • 15 Central Lonsdale
  • 12 Lynn Valley
  • 12 Pemberton
  • 8 Roche Point
  • 5 Lynnmour
  • 4 Upper Lonsdale
  • 4 Westlynn
  • 4 Deep Cove
  • 3 Indian River
  • 2 Seymour
  • 2 Norgate
  • 2 Hamilton
  • 1 Edgemont
  • 1 Grousewoods
  • 1 Northlands
  • 1 Pemberton Heights
West Vancouver's July strata median sale price $840,000 was up +1.20% from June where as North Vancouver's $446,000 was down -0.45%.



If you are out shopping for a condominium or townhome the North Shore neighborhoods with the greatest selection of strata homes for sale at this time are in West Vancouver's Ambleside, Dundarave, Park Royal, Panorama Village, Whitby Estates and North Vancouver's Lower Lonsdale, Central Lonsdale, Pemberton, Hamilton, Lynn Valley!

Welcome your contact to 'max' on a North Shore strata purchase and or sale:
June Conway
RE/MAX Masters Realty

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