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Weekly Stats - April 26 - West Van Attached Properties

Each week we post the latest stats for one of our specialty areas. This week, we're focusing on the West Vancouver attached property market.

>> CLICK HERE TO VIEW THE LATEST SALES <<

 

  • Current inventory is 31% below last year, with 79 properties for sale compared to 114 during the same week in 2021. Current listings are 7% higher than last week.
  • Sales remained steady this week with 5 transactions out of 79 listings, compared to 5 transactions out of 74 listings last week. Last year we saw 6 sales out of 114 properties during the same period. 
  • Of this week’s 5 sales, buyers averaged 100% of the asking price, with a median sale price of $1,495,000 and a median of 7 days-on-market. Of the properties sold, two sold for the asking price, one sold over the asking price and two sold under asking.
  • Our highest priced sale this week: a 3 bedroom, 3 bathroom, 1,472 sq.ft. condo on Bellevue Avenue. List price $2,150,000. Sold for $2,080,000.
  • Our lowest priced sale this week: a 1 bedroom, 1 bathroom, 692 sq.ft. condo on Esquimalt Avenue. List price $445,000. Sold for $445,000.
  • Market absorption rate for West Vancouver attached listings: At the current sales rate, if there were no new listings added, it would take 3.2 months for inventory to be absorbed into the market. 
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Weekly Stats - April 20 - West Vancouver Houses

Each week we post the latest stats for one of our specialty areas. This week, we're focusing on the West Vancouver detached housing market.

>> CLICK HERE TO VIEW THE LATEST SALES <<

  • Current inventory is 9% below last year, with 366 properties for sale compared to 401 during the same week in 2021. Current listings are 6% higher than last week.
  • Sales remained steady this week with 7 transactions out of 366 listings, compared to 7 transactions out of 344 listings last week. Last year we saw 19 sales out of 401 properties during the same period. 
  • Of this week’s 7 sales, buyers averaged 96% of the asking price, with a median sale price of $2,650,000 and a median of 14 days-on-market. Of the properties sold, one sold over the asking price and six sold under asking.
  • Our highest priced sale this week: a 7 bedroom, 11 bathroom, 8,011 sq.ft. house on Mathers Avenue. List price $14,288,000. Sold for $11,800,000.
  • Our lowest priced sale this week: a 3 bedroom, 2 bathroom, 1,700 sq.ft. house on Glenross Road. List price $2,388,000. Sold for $2,200,000.
  • Market absorption rate for West Vancouver detached listings: At the current sales rate, if there were no new listings added, it would take 7.8 months for inventory to be absorbed into the market. 
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New property listed at 3 1005 LYNN VALLEY RD in North Vancouver

I have listed a new property at 3 1005 LYNN VALLEY RD in North Vancouver.
Welcome to River Rock, a family-friendly townhouse community in the heart of Lynn Valley with shopping, schools, and all the natural beauty that this area has to offer only steps from your door. This bright ground floor unit features one-level living with an open concept living/dining room and a well-appointed kitchen and granite countertops. Laminate floors guide you through the home leading from the front entrance patio, great for your BBQ, to a quiet back patio. The primary bedroom hosts a walk-in closet and a semi-ensuite bathroom. The 2nd bedroom sits next to the rear patio with large glass doors, giving plenty of light. This well-run strata is pet friendly and features ample visitor parking, storage and one parking stall included. Contact us today for more details!
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Weekly Stats - April 4 - NV condos

Each week we post the latest stats for one of our specialty areas. This week, we're focusing on the North Vancouver condo market.

>> CLICK HERE TO VIEW THE LATEST NORTH VANCOUVER CONDO SALES <<

  • Current inventory is 46% below last year, with 66 properties for sale compared to 122 during the same week in 2021. Current listings are 20% higher than last week.
  • Sales improved this week with 5 transactions out of 66 listings, compared to 1 transactions out of 55 listings last week. Last year we saw 3 sales out of 122 properties during the same period. 
  • Of this week’s 5 sales, buyers averaged 97% of the asking price, with a median sale price of $1,675,000 and a median of 10 days-on-market. Of the properties sold, one sold over the asking price and four sold under asking.
  • Our highest priced sale this week: a 3 bedroom, 4 bathroom, 3,773 sq.ft. townhouse on Highview Place. List price $3,999,000. Sold for $3,868,000.
  • Our lowest priced sale this week: a 3 bedroom, 3 bathroom, 1,574 sq.ft. townhouse on Keith Road. List price $1,180,000. Sold for $1,250,000.
  • Market absorption rate for West Vancouver attached listings: At the current sales rate, if there were no new listings added, it would take 2.5 months for inventory to be absorbed into the market. 
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