Blog by Michael Giesbrecht

<< back to article list

West Vancouver Single Family Home Update

 

There are currently 549 single family homes for sale in West Vancouver ranging in price from $348,000 for a 1-bedroom cabin situated on Passage Island to $22,800,000 for a 7-bedroom, 13,000 square foot mansion on a 2 acre estate in Caulfeild.

There have been 199 sales in the last 90 days, with the average sale price during that time coming in at $2,559,351 and the median sale price being $2,200,000. The least expensive sale price so far this year was for a 4-bedroom home in Lions Bay for $690,000 in January and the most expensive so far this year was for a 4-bedroom, 4,500 square foot waterfront home in Cypress with stunning views, for $8,250,000 in February.

With 549 West Vancouver homes currently for sale and taking into account about 66 homes selling per month over the last 3 months, there is currently about an 8-month supply of homes, meaning the Absorption Rate is 8.  The Absorption Rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time.  A supply of 3 months or less (a.k.a. an absorption rate of 3 or less) generally favours sellers and a supply of 6 months or more generally favours buyers.  In between sits a balanced market.  This is a snapshot of West Vancouver overall and one would want to drill down a little deeper in individual neighbourhoods where one was interested in purchasing.

Number of Bedrooms in Current West Vancouver Homes For Sale:
There are 6 one (1) bedroom homes
There are 16 two (2) bedroom homes
There are 75 three (3) bedroom homes
There are 184 four (4) bedroom homes
There are 162 five (5) bedroom homes
There are 79 six (6) bedroom homes
There are 19 seven (7) bedroom homes
There are 5 eight (8) bedroom homes
There are 0 nine (9) bedroom homes

Price Range of Current West Vancouver Homes For Sale:
There are currently 23 homes priced under $1 million in West Vancouver.
$ < 100,000 - 0 homes for sale
$ 100,000 - $200,000 -  0  
$ 200,000 - $300,000 – 0
$ 300,000 - $400,000 – 1
$ 400,000 - $500,000 – 0
$ 500,000 - $600,000 – 4
$ 600,000 - $700,000 – 3
$ 700,000 - $800,000 – 7
$ 800,000 - $900,000 – 1
$ 900,000 - $1,000,000 – 7
$ 1 - 1.1 million – 5
$ 1.1 - 1.2 million – 15
$ 1.2 - 1.3 million – 20
$ 1.3 - 1.4 million – 19
$ 1.4 - 1.5 million – 15
$ 1.5 - 1.75 million – 42
$ 1.75 - 2.0 million – 53
$ 2.0 - 2.5 million – 80
$ 2.5 - 3.0 million – 74
$ 3.0 - 4.0 million – 74
$ 4.0 - 5.0 million – 36
$ 5.0 - 6.0 million – 29
$ 6.0 - 7.0 million – 19
$ 7.0 - 10.0 million – 22
> $10 million – 20

West Vancouver Homes For Sale By Community:
Altamont - 19 homes for sale
Ambleside – 63
Bayridge – 20
British Properties – 82
Canterbury – 5
Caulfeild – 34
Cedardale – 6
Chartwell – 22
Chelsea Park – 3
Cypress – 7
Cypress Park Estates – 16
Deer Ridge – 2
Dundarave – 32
Eagle Harbour – 21
Eagleridge – 5
Furry Creek – 8
Gleneagles – 9
Glenmore – 13
Horseshoe Bay – 15
Howe Sound – 15
Lions Bay – 18
Olde Caulfeild – 7
Panorama Village – 3
Park Royal – 1
Queens – 18
Rockridge – 10
Sandy Cove – 2
Sentinel Hill – 24
Upper Caulfeild – 13
West Bay – 12
Westhill – 9
Westmount – 14
Whitby Estates – 13
Whytecliff - 8

Categories

Archives

Newsletter <form style="border:1px solid #ccc;padding:3px;text-align:center;" action="http://www.feedburner.com/fb/a/emailverify" method="post" target="popupwindow" onsubmit="window.open('http://www.feedburner.com', 'popupwindow', 'scrollbars=yes,width=550,height=520');return true"><p>Enter your email address:</p><p><input type="text" style="width:140px" name="email"/></p><input type="hidden" value="http://feeds.feedburner.com/~e?ffid=596719" name="url"/><input type="hidden" value="Michael Giesbrecht West Vancouver Realtor" name="title"/><input type="submit" value="Subscribe" /><p>Delivered by <a href="http://www.feedburner.com/" target="_blank">FeedBurner</a></p></form>