frothy market

(August 31, 2015 , posted in West Vancouver Homes)



Demand from domestic buyers and those from countries such as Iran and China has accelerated the upward price trend of West Vancouver detached homes.

The MLS® Home Price Index composite benchmark price month average year-to-date for all West Vancouver detached homes is currently $2,221,100.  This represents a 11% and 100% increase compared to 2014's and 2005's HPI month average respectively.

It is important to remember that real estate is hyper local.  West Vancouver is made up of 35 different neighborhoods.  This means that market conditions and prices vary depending on property type, neighborhood and other factors.

Up to the end of July this year there have been 654 West Vancouver (WV) detached home sales.  Breaking the 654 detached home sales further by each WV neighborhood, there have been in: 
  • Altamont, 16 ranging from $2,198,000 - $9,000,000
  • Ambleside, 92.......................$1,400,000 - $5,388,000
  • Bayridge, 23..........................$1,400,000 - $7,800,000
  • British Properties, 110.........$1,395,000 - $9,280,000
  • Canterbury, 5........................$3,450,000 - $5,250,000
  • Caulfeild, 36...........................$1,270,000 - $4,900,000
  • Cedardale, 8...........................$1,555,000 - $1,998,000
  • Chartwell, 30..........................$2,150,000 - $9,080,000
  • Chelsea Park, 1......................$3,268,000
  • Cypress, 10............................$1,315,000 - $9,450,000
  • Cypress Park Estates, 14......$1,140,000 - $2,675,000
  • Deer Ridge, 0..........................
  • Dundarave, 65......................$1,599,000 - $12,000,000
  • Eagle Harbour,18.................$960,000 - $3,870,000
  • Eagleridge, 7.........................$945,000 - $1,950,000
  • Furry Creek, 4.......................$874,000 - $1,300,000
  • Gleneagles, 7........................$1,110,000 - $5,800,000
  • Glenmore, 17........................$1,150,000 - $4,480,000
  • Horseshoe Bay, 25................$810,000 - $3,200,000
  • Howe Sound, 6.......................$990,000 - $2,380,000
  • Lions Bay, 19..........................$725,000 - $4,900,000
  • Olde Caulfeild, 3....................$1,200,000 - $2,018,000
  • Panorama Village, 4...............$5,000,000 - $5,398,000
  • Park Royal, 0............................
  • Porteau Cove, 0......................
  • Queens, 20.............................$1,575,000 - $8,350,000
  • Rockridge, 5...........................$1,620,000 - $5,100,000
  • Sandy Cove, 7........................$1,200,000 - $5,815,000
  • Sentinel Hill, 31.....................$1,320,000 - $3,800,000
  • Upper Caulfeild, 11...............$1,520,000 - $2,855,000
  • West Bay, 11..........................$1,070,000 - $8,500,000
  • Westhill, 9..............................$2,370,000 - $6,845,000
  • Westmount, 16.....................$1,700,000 - $7,500,000
  • Whytecliff, 13........................$978,000 - $3,500,000
Buyers today most often encounter competition in West Vancouver's detached house market resulting in less time to make decisions.  If you not yet working with a REALTOR®, and would like to
  •  gain insight into our market, 
  • get quick access to new MLS® listings, 
  • develop a buying strategy that meets your needs and risk appetite, and
  • receive other services and protections that come with having professional representation,
welcome your contact:  june@johnjennings.com or 604-828-7888



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