West Vancouver Detached Property Statistics

As of August 7, 2009, there are currently 391 detached properties for sale in West Vancouver, ranging in price from $699,000. to $30,000,000., with the average asking price coming in at $2,605,117. There have been 168 sales since April, with the average selling price being $1,496,301. The lowest sale price achieved so far this year was for $550,000. in March. The highest sale price achieved so far this year was for $5,075,000. in June. With 391 active and 57 sold in July, that suggests a 7 month supply of homes.

As of August 7, 2009, there are currently 28 detached properties for sale in Ambleside, ranging in price from $949,000. to $3,495,000., with the average asking price coming in at $1,731,035. There have been 48 sales since April, with the average selling price being $1,335,433. The lowest sale price achieved so far this year was for $765,000. in March. The highest sale price achieved so far this year was for $3,950,000. in July. With 28 active and 9 sold in July, that suggests a 3 month supply of homes.

As of August 7, 2009, there are currently 19 detached properties for sale in Dundarave, ranging in price from $1,368,000. to $12,800,000., with the average asking price coming in at $2,323,382. There have been 24 sales since April, with the average selling price being $1,426,158. The lowest sale price achieved so far this year was for $850,000. in March. The highest sale price achieved so far this year was for $5,075,000. in June. With 19 active and 3 sold in July, that suggests a 6 month supply of homes.

In West Vancouver up to now there have been:
372 sales compared to 371 at this time last year.
7 sales over $4,000,000. compared to 20 at this time last year.
11 sales between $3,500,000. & $4,000,000. compared to 10 at this time last year.
7 sales between $3,000,000. & $3,500,000. compared to 19 at this time last year.
21 sales between $2,500,000. & $3,000,000. compared to 24 at this time last year.
25 sales between $2,000,000. & $2,500,000. compared to 39 at this time last year.
51 sales between $1,500,000. & $2,000,000. compared to 78 at this time last year.
145 sales between $1,000,000. & $1,500,000. compared to 152 at this time last year.
105 sales under $1,000,000. compared to 29 at this time last year.

What do I find interesting in all of this?
1. West Vancouver as a whole is in a buyer’s market (statistically) but that doesn’t mean that little pockets can’t be in a seller’s market. Ambleside, with an absorption rate of 3.1, is a good example.
2. Virtually the identical amount of homes have sold so far this year as at this time last year.
3. The lowest sale price was achieved in March; the highest in July.
4. Very similar sales numbers year over year in the 3.5 – 4 mil, 2.5 – 3 mil and 1 – 1.5 mil categories.
5. Three times as many sales under a million dollars this year compared to this time last year.

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