tighter market conditions

(September 09, 2018, posted in West Vancouver Homes)

West Vancouver's detached house market year-to-date shows home buyers continue to be on the sidelines.  

No matter which way you look at it, the stats show West Vancouver's house market has been holding in buyer territory the past year and a half. Of course there are market nuisances, but the visual prepared for months of inventory, sales to active listing ratio and sales to new listings ratio, all... read more.

significant pullback in activity

(July 11, 2018, posted in West Vancouver Homes)

West Vancouver detached 2018 monthly home sales were well below each month in 2017. 

Year-to-date sales end of June were down 45% from 2017, a significant pullback in sale activity!  In addition, upon reviewing stats as far back as 1987 for the same time frame , 2018 YTD  sale activity totals came up the lowest!

Stats compiled by the Real Estate Board of Great Vancouver show West Vancouver's detached h... read more.

signs of shifting

(June 07, 2018, posted in West Vancouver Homes)

Several factors influence our housing market, including mortgage interest rates, inflation, employment, investment, construction, immigration, government assistance programs, and the health of local and world economies. All of these influence the supply and demand of the market which, in turn, affects prices.

There are three classifications experts use to describe the balance of supply and demand i... read more.

ups & downs

(May 06, 2018, posted in West Vancouver Homes)

In West Vancouver total April homes sales decreased 51.5% and 50% from same month last year and  the 10 Year Monthly Average respectively.  WV homes sales experienced their fourth straight month of declines year over year!

New listings for WV homes during April saw a sharp increase up 25.5% from April 2017, while total listings ended the month up 22% from the same time last year and up 45% from the T... read more.

supply outstrips demand

(March 26, 2018, posted in West Vancouver Homes)

West Vancouver detached house transactions in February jumped from the month before, 24 versus 15 respectively, yet sales were 62.5% below the 10 year monthly average of 64.
In addition, house YTD sales, that is, from January 1 to February 28, were down 30% from same period in 2017.

New listings increased 34.5% and total inventory to month-end were up 24%.

The sales-to-new listings ratio for February... read more.