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.
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- 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.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.