West Vancouver Attached Home Market

Posted in June's West Vancouver Real Estate Blog on April 15, 2014

Three factors that drive housing markets is their

  • demand driven by home sales,
  • supply driven by home listings and
  • home price.

In terms of sales there were 14 WV MLS attached* homes sales in March. That's up down -22.22% from March 2013 down -22.22% from this past February.
*Attached includes condominiums and townhomes.

In terms of listings 140 people listed their West Vancouver attached home last month. That's down -12.5% from March 2013 and up +4.48% from February. This is the third consecutive month this variance has slightly increased. Ever so slightly there is an increasing number of attached homes for buyers to choose from. At this time there are 151 WV attached homes for sale starting with a

  • low of $239,900 for a renovated 798 sf one bedroom condominium and
  • high of $8.99mil for a waterfront 3,324 sf penthouse built in 2007 with 3 bedrooms and 2 1/2 baths with 4 car garage.

West Vancouver attached home Sales to Inventory Ratio (SIR) was at 10% for March, in other words, 1 in 10 attached homes selling.

Not all of West Vancouver's neighborhoods offer condominiums and or townhomes. The greatest amount of attached home options can be found in Ambleside, Dundarave, Park Royal, Panorama Village and Whitbey Estates; 44, 35, 16, 16, and 4 respectively end of March.

With today's market pace for attached homes the importance of identifying the right price is paramont for both buyers and sellers!