Over the first nine months of the year 641 West Vancouver homes have traded hands. This stands 14.3% above the same period last year.
Provided the sale pace continues for the next three months we may see 2014 edge over previous year totals since 2005 but likely not catching up to 2011's phenomenal sale activity numbers.
September home sale totals were up +11% from the month before and +12.7% from same month in 2013.
The median price of homes sold in September 2014 was $2,142,500, up +11.25% from August and down -2.4% from the same month last year. The year-to-date median price was $2,100,000, an increase of +11.7% from the same period in 2013.
Here is a breakdown of West Vancouver's September house sale price bands:
2 in the $800,000 to $900,000 range,
5 - $1,000,001 to $1.250mil,
7 - $2,500,001 to $1.5mil,
9 - $1,500,001 to $1.750mil,
11 - $1,750,001 to $2mil,
9 - $2,000,001 to $2.250mil,
9 - $2,250,001 to $2.5mil,
4 - $2,500,001 to $2.750mil,
2 - $2,750,001 to $3mil,
5 - $3,000,001 to $3.5mil,
3 - $3,500,001 to $4mil,
3 - $4,000,001 to $4.5mil,
2 - $4,500,001 to $5mil,
7 - $5mil & greater
Of West Vancouver's thirty-five neighborhoods the greatest number of homes with September SOLD signs were found in the British Properties, Ambleside and Dundarave.
Find below a graph showing how many millions it likely is going to take you to buy into specific West Vancouver neighborhoods today!
Since the beginning of the year West Vancouver's house market has been tettering between Buyers' and Balanced conditions. September had a 16% Sales Ratio average, that is, 1.6 in 10 homes selling.
According to the Real Estate Board of Greater Vancouver and most industry analysts a Sellers' Market is where 21% and greater of the current inventory of homes selling, Balanced Market is between 15% to 20% and Buyers' Market is 14% and less.
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