West Vancouver's townhome market slowdown is not unlike what detached homes and apartments sale activity have experienced looking at Real Estate Board of Greater Vancouver (REBGV) statistics year-to-date.
Sale and active listings for West Vancouver (WV) townhomes are limited in contrast to North Vancouver (NV).
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.
West Vancouver townhome inventory, availability is limited compared to North Vancouver. As a result of insufficient townhome sale activity a monthly MLS House Price Index, HPI, bench mark prices cannot be produced.
In May there were 2 WV townhome sales in the $900,000 to $1,499,999 price band. End of May townhome active listings included: