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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.
See details here
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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New property listed at 368 KEITH RD E in North Vancouver

I have listed a new property at 368 KEITH RD E in North Vancouver.
See details here
With its charming facade, this 1922 home has solid bones and a desire to be made beautiful again. This is a great opportunity to renovate and create a truly unique property. On the main floor, discover warm hardwood floors and south-facing windows in the living room overlooking downtown Vancouver. A bright dining room is ready for intimate dinners and the kitchen is ready for an update. Two bedrooms rounds out the main. Upstairs features two well-sized bedrooms and a quaint landing perched at the top. Downstairs is unfinished and awaiting some fabulous design ideas. Outside there is a huge backyard and separate garage. Now, the best part...there are plans for a duplex behind the Character House awaiting approval at the City of NV. Contact us to discover the opportunities available.
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