August 2015

frothy market

Posted on Aug 31, 2015 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 a...

Read More

strength of today's market

Posted on Aug 19, 2015

The summer heat has not slowed home buyer demand!

Today's activity continues to benefit Sellers as home buyers compete for the homes available for sale.  REALTOR®'s registered 3, 978 sales in July.  This is up 30% compared to last year and is 33.5% above the 10 Year Average for the month.

Much of today's activity can be traced to 
  • strong consumer confide...

Read More

popular choice

Posted on Aug 12, 2015

Strata living is a popular choice on Vancouver's North Shore.

Approximately 43% of North Shore residential sales year-to-date (end of July) were strata which includes apartments (condominiums) and townhomes.

Breaking down North Shore residential sale numbers further, almost 53% of North Vancouver's residential sale activity was strata compared to Wes...

Read More

divergent real estate markets

Posted on Aug 09, 2015

North Vancouver and West Vancouver commonalities include the North Shore mountainside ambience, a few minutes away from Vancouver's downtown and recreational adventures as well as desirable residential communities however their real estate markets are this time!

Last month: 
  • Over 40% of North Vancouver detached homes sold over their MLS...

Read More

highly desirable

Posted on Aug 05, 2015

Housing market activity comes in cycles; Vancouver's North Shore, West Vancouver and North Vancouver are in an up cycle now.  There are a number of factors causing this cycle.

North Shore residential market conditions are being driven by 
  • low interest rates, declining supply of detached homes,
  • a growing population,
  • a provincial economy that's outperformi...

Read More

stable, active and expensive

Posted on Aug 03, 2015 in West Vancouver Homes

While West Vancouver's home buyer and seller activity in the first seven months of 2015 created somewhat balanced market conditions, we also experienced some upward pressure on prices.

West Vancouver Sales-to-Active Listing Ratio (SAR) currently sits at
  • 0.16% for detached homes and has ranged between 0.11% to 0.23 % over the past seven months;
  • 0.10% f...

Read More