slightly elevated demand

(May 11, 2015 , posted in West Vancouver Strata)


Townhome options are much more limited in West Vancouver than North Vancouver and if available, the West Vancouver house-like choices are more often pricier.

West Vancouver townhome sales per month are not enough to establish a House Price Index for this type of property.  West Vancouver's ten year monthly sale average is 4 versus North Vancouver's 28.

The past few months West Vancouver's townhome market has experienced slightly elevated demand from buyers.

The Real Estate Board of Greater Vancouver (REBGV) reports that townhome sales in West Vancouver reached  6 on the Multiple Listing Service® (MLS®) in April.  This represents the same number of sales recorded in April 2014 and a 50% decline compared to the 12 sales in March 2015.

Since 2005, this year's March 12 townhome sales is second to 13 West Vancouver townhome sales recorded in July 2013.

West Vancouver townhome market activity recently has been edging on a sellers' real estate market.  The sales-to-active listings ratio currently sits at 0.25 and in March 0.44.

New listings for townhomes in West Vancouver totalled 5.  This represents a 61.5% decrease compared to the 13 new listings in April 2014 and a 64% decline from the 14 new listings in March.

Below, preview the infographic for more West Vancouver townhome market numbers...

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