West Vancouver Condo/Apartment Property Statistics (1-Br)

June 24, 2010

WEST VANCOUVER
In West Vancouver there are currently 37 active one-bedroom properties for sale, ranging in price from $259,900. to $995,000., with the average asking price being $488,725. There have been 22 sales this year, with the average selling price being $487,056. and the average cost per square foot being $600. The least expensive sale price so far this year was for $210,000. in February and the most expensive was for $775,000. in April. With 37 properties currently for sale and with 3 sales last month, there is currently a significant month supply of homes.

AMBLESIDE
In Ambleside there are currently 16 active one-bedroom properties for sale, ranging in price from $269,000. to $995,000., with the average asking price being $462,406. There have been 6 sales this year, with the average selling price being $446,166. and the average cost per square foot being $505. The least expensive sale price so far this year was for $297,000. in May and the most expensive was for $775,000. in April. With 16 properties currently for sale and with 1 sale last month, there is currently a significant supply of homes.

DUNDARAVE
In Dundarave there are currently 11 active one-bedroom properties for sale, ranging in price from $259,000. to $878,000., with the average asking price being $490,436. There have been 11 sales this year, with the average selling price being $496,802. and the average cost per square foot being $649. The least expensive sale price so far this year was for $210,000. in February and the most expensive was for $765,000. in April. With 11 properties currently for sale and with 2 sales last month, there is currently a 5 & 1/2 month supply of homes.

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North Vancouver Condo/Apartment Property Statistics (2-Br)

June 24, 2010

North Vancouver
In North Vancouver there are currently 272 active two-bedroom properties for sale, ranging in price from $249,500. to $2,600,000., with the average asking price being $544,360. There have been 248 sales this year, with the average selling price being $457,741. and the average cost per square foot being $461. The least expensive sale price this year was for $240,000. in March and the most expensive was for $1,120,000. in February. With 272 properties currently for sale and with 48 sales last month, there is currently a 5 & 1/2 month supply of homes.

Lower Lonsdale
In Lower Lonsdale there are currently 89 active two-bedroom properties for sale, ranging in price from $299,000. to $2,600,000., with the average asking price being $634,731. There have been 75 sales this year, with the average selling price being $475,379. and the average cost per square foot being $494. The least expensive sale price so far this year was for $267,000. in April and the most expensive was for $850,000. in May. With 89 properties currently for sale and 12 sales last month, there is currently a 7 & 1/2 month supply of homes.

The Pier
In The Pier there are currently 24 active two-bedroom properties for sale, ranging in price from $589,000. to $2,600,000., with the average asking price being $949,358. There have been 6 sales this year, with the average selling price being $617,333. and the average cost per square foot being $599. The least expensive sale price this year was for $510,000. in May and the most expensive was for $850,000. in May as well. With 24 properties currently for sale and 5 sales last month, there is currently a 5 month supply of homes.


North Vancouver Condo/Apartment Property Statistics (1-Br)

June 22, 2010

North Vancouver
In North Vancouver there are currently 157 active one-bedroom properties for sale, ranging in price from $198,800. to $699,000., with the average asking price being $344,856. There have been 172 sales this year, with the average selling price being $322,478. and the average cost per square foot being $484. The least expensive sale price this year was for $156,000. in January and the most expensive was for $629,900. earlier this month. With 157 properties currently for sale and 35 sales last month, there is currently a 4 & 1/2 month supply of homes.

Lower Lonsdale
In Lower Lonsdale there are currently 70 active one-bedroom properties for sale, ranging in price from $219,000. to $698,000., with the average asking price being $358,687. There have been 85 sales this year, with the average selling price being $337,232. and the average cost per square foot being $512. The least expensive sale price this year was for $199,000. in April and the most expensive so far this year was for $629,900. earlier this month. With 70 properties currently for sale and 11 sales last month, there is currently a 6 month supply of homes.

The Pier
In The Pier there are currently 11 active one-bedroom properties for sale, ranging in price from $349,000. to $629,000., with the average asking price being $453,691. There have been 10 sales this year, with the average selling price being $413,790. and the average cost per square foot being $673. The least expensive sale price this year was for $315,000. in March and the most expensive so far this year was for $629,900. earlier this month. With 11 properties currently for sale and 0 sales last month, there is currently a significant supply of homes.


Real Estate and the World Cup

June 15, 2010

Only 7 teams have won the world cup:
Brazil – 5
Italy – 4
Germany – 3
Argentina – 2
Uruguay – 2
England – 1
France – 1

I cannot confirm this, but I have heard that all other realtors in the Vancouver are going to be busy for the next month with world cup related activities so if you are in need of real estate services, please feel free to give me a call :^)


Home Buyers Facing Less Competition

June 14, 2010

Vancouver, BC – June 14, 2010. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 4 per cent to 7,950 units in May compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province declined 11 per cent in May from April 2010. The average MLS® residential price climbed 7 per cent to $498,294 in May compared to the same month last year.

“A slower pace of home sales combined with an increase in the inventory of homes for sale has quelled upward pressure on home prices,” said Cameron Muir, BCREA Chief Economist. A total of 54,362 MLS® residential listings were recorded in May, up 26 per cent from January on a seasonally adjusted basis. “Moderating market conditions in Vancouver, the Fraser Valley and Victoria are reducing the number of multiple offers as a greater selection of homes for sale lessons competition amongst home buyers,” added Muir.

Year-to-date, BC residential sales dollar volume increased 50 per cent to $17.5 billion, compared to the same period last year. Residential unit sales rose 31 per cent to 34,619 year-to-date, while the average MLS® residential price climbed 14 per cent to $505,468 over the same period.

More information here.

– from BCREA


West Vancouver Detached Properties Statistics

June 8, 2010

There are currently 561 detached properties for sale in West Vancouver, ranging in price from $749,000. to $29,900,000., with the average asking price coming in at $2,587,384. There have been 226 sales since March, with the average selling price being $1,881,004. The lowest sale price achieved so far this year was for $670,000. in February. The highest sale price achieved so far this year was for $7,200,000. in April. With 561 homes currently for sale and 61 sales last month, there is currently a 9 month supply of homes.

There are currently 52 detached properties for sale in Ambleside, ranging in price from $899,000. to $5,695,000., with the average asking price coming in at $1,892,460. There have been 36 sales since March, with the average selling price being $1,349,374. 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 $2,528,000. in May. With 52 homes currently for sale and 8 sales last month, there is currently a 6 & 1/2 month supply of homes.

There are currently 44 detached properties for sale in Dundarave, ranging in price from $1,178,000. to $10,800,000., with the average asking price coming in at $2,071,105. There have been 26 sales since March, with the average selling price being $1,616,995. The lowest sale price achieved so far this year was for $1,000,000. in May. The highest sale price achieved so far this year was for $2,900,000. in May as well. With 44 homes currently for sale and 7 sales last month, there is currently a 6 month supply of homes.


Ambleside Boat Launch

June 8, 2010

I’m standing in front of the Ambleside Boat Launch, which received a stay of execution, as it were, a few days ago. Boaters in West Vancouver can continue to use the free boat launch along the Ambleside waterfront this summer after an about-face by district council. I have never used the boat launch myself but it certainly makes sense to me to have a boat launch here. We are a seaside community. Why wouldn’t we want to have an entry- point for boat owners to enjoy this area? There has been talk of having a waterfront seafood stand in this area and while it has been framed as an either/or dilemma, I hope it can become both/and. I for one would like to have both a boat launch and a waterfront seafood stand.