rundown on bidding wars

(April 14, 2015 , posted in West Vancouver Homes)



West Vancouver's sky-high priced detached house market is seeing strong competition among homebuyers in certain neighborhoods the first three months of 2015.

21.5% of West Vancouver homes sold received full MLS® list price or more implying multiple offer situations.  

Records from the Real Estate Board of Greater Vancouver show 279 West Vancouver homes sold between January to March this year of which:
  • 8% sold at full MLS® list price and 
  • 13.5% above their MLS® list price.
This slightly elevated demand from home buyers in a particular West Vancouver neighborhood pushed the final sale price $702,000 above the home's MLS® list price. 

"The 1952 built British Properties 2,677 sf one level residence on a 27,577 sf open city view lot across from a local park, hedged by new homes, came onto MLS® February 7th at $4,298,000 with notice of offer(s) presentation scheduled for February 16th and sold for $5,000,000."

Two more British Properties addresses in the first three months of 2015 concluded a final sale with $512,000 and $530,000 over their MLS® list price!

Buyer's have to be 'ready' to step forward $-wise as well as with attractive terms and conditions on a Contract of Purchase & Sale in order to 'win' the home of their choice in certain West Vancouver neighborhoods 'bidding war' situations.

Year-to-date the following of 35 West Vancouver neighborhoods show full or over list sale prices:

Altamont - Full
Ambleside - Full to $280,000
British Properties - Full to $702,000
Caulfeild - Full to $11,000
Cedardale - $12,000 to $100,000
Chartwell - Full
Cypress Park Estate - $112,000
Dundarave - Full to $352,000
Glenmore - $52,000 to $261,000
Horseshoe Bay - Full to $126,000
Queens - Full to $62,000
Sentinel Hill - Full
Upper Caulfeild - Full
West Bay - Full
Westmount - Full to $80,000
Whitby Estates - Full
Whytecliff - $5,000

To be 'ready' and to buy well in West Vancouver's house market today welcome your contact:
604-360-1188

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