shift in the market

(July 12, 2018 , posted in West Vancouver Strata)

Statistics from the Real Estate Board of Greater Vancouver show that West Vancouver's apartment listings month after month trending up and sales declining, indicative of a shift in WV's apartment market.


The absorption rate, sales-to-active listing ratio for WV apartments has varied each month since the beginning of the year.

Generally, analyst say the sales-to-active listings, over a sustained period of time determines the market:
Balanced Market
A balanced market occurs when the sales-to-active listing ratio is between 12-19%. In a balanced market prices should rise in-line with the long term average of inflation.
Seller’s Market
A Seller’s market is when there is a higher ratio of sales to listing, typically indicated by a sales-to-active listings ratio of 20% or higher. This causes upward pressure on pricing.
Buyer’s Market
A Buyer’s market is when there is a lower ratio of sales to listing, typically indicated by a sales-to-active listings ratio of 11% or lower. This causes downward pressure on pricing.

Would you like to have a more in-depth conversation about the market, buying and or selling?

We'd be please to do so, but only after reviewing and completing new mandatory disclosures, a form called 'Disclosure of Representation in Trading Services' or 'DRTS'.  Click here for a copy of 'DRTS'.  Click here to review 'Disclosure of Risks to Unrepresented Parties'.


As of June 15, new rules were introduced by Real Estate Council of British Columbia to change the way REALTORS® provide service to the consumer.  The new rules provide you with greater protection as a home buyer and or seller!

blog comments powered by Disqus