Some West Vancouver Homes Jump

Community SnapShot – West Vancouver

This is the 5th of the seven community snapshot series. This snapshot checks the pulse of the West Vancouver’s detached homes.

Only a few days remain in 2010. Questions and predictions about the future of Vancouver’s real estate market now appear as we look back for clues to serve as indicators of what lies ahead. If these community snapshots are the harbingers of things to come West Vancouver’s real estate market will continue to present endless possiblities.

This West Vancouver snapshot covers two periods that include October 26, 2010 to November 26, 2010 and November 26 to December 26, 2010.

Total Listings

Total Listings dropped from Oct/Nov’s 428 to Nov/Dec’s 379.

West Vancouver Homes that Sold

Matching other communities, sales volume dropped by more than half from Oct/Nov’s 75 to Nov/Dec’s 30.

Expired, Reductions, Increases, Days on Market

  • Expired listing mandates slowed from Oct/Nov’s 49 to Nov/Dec’s 45.
  • Price reductions maintained it’s pace recording 122 price adjustments in Oct/Nov and 107 in Nov/Dec.
  • There were 5 price increases in Oct/Nov and 7 in Nov/Dec.
  • The number of days it took to sell a home receded from Oct/Nov’s 86 to Nov/Dec’s 80.

West Vancouver Homes Average and Median Prices

  • West Vancouver’s detached Average Ask price in Oct/Nov was $1,950,453. This increased to $2,027,800 in Nov/Dec.
  • The Median Ask price in Oct/Nov was $1,498,000 and also increased to $1,874,833 in Nov/Dec.
  • The Average Sold price in the Oct/Nov was $1,822,418. Sold prices increased in Nov/Dec to $1,874,833.
  • The snapshot Median Sold price in Oct/Nov recorded $1,455,000. In Nov/Dec the Median Sold jumped up to $1,606,500.

Stocking Stuffers

A few sellers in West Vancouver may be up on Hollyridge jumping for joy since they found their sale price stockings stuffed with good news in the Nov/Dec period. The remainder, left they are to pack down high priced snow in anticipation of their turn to catch some of January’s real estate market air.

Catching Up

Watch for the end of this month’s series tomorrow as we look at the East and West Side of Vancouver.

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

When Life Moves You - contact Larry:

*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

stats don't lie Says:
December 30th, 2010 at 6:10 pm

30 total sales means that 1 sale of say $5M would skew the average price by $100,000+.

Pretty hard to read much into these numbers, other than there are some expensive homes in West Vancouver, and some of them still sold in a very slow month.

December 30th, 2010 at 8:42 pm

@stats
“some of them still sold in a very slow month”
– good summation.

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