Weekly Stats - Feb 22 - WV attached properties

Weekly Stats - Feb 22 - WV 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 housing market.


The details: 

  • Current inventory is 59% below last year, with 52 properties for sale compared to 127 during the same week in 2020. Current listings are 2% lower than last week.
  • Sales improved this week with 9 transactions out of 52 listings, compared to 7 transactions out of 53 listings last week. Last year we saw 2 sales out of 127 properties during the same period. 
  • Of this week’s 9 sales, buyers averaged 96% of the asking price, with a median sale price of $1,150,000 and a median of 10 days-on-market. Of the properties sold, one sold for the asking price, two sold over the asking price and six sold under asking.
  • Our highest priced sale this week: a 4 bedroom, 4 bathroom, 2,903 sq.ft. 1/2 duplex on Burfield Place. List price $3,980,000. Sold for $3,820,000.
  • Our lowest priced sale this week: a 1 bedroom, 1 bathroom, 557 sq.ft. condo on Bellevue Avenue. List price $569,000. Sold for $560,000.
  • Market absorption rate for West Vancouver attached listings: At the current sales rate, if there were no new listings added, it would take 1.9 months for inventory to be absorbed into the market.
Reciprocity Logo 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.