West Vancouver Condo Update

There are currently 107 condominium apartment homes for sale in West Vancouver ranging in price from $269,000 for a 470 square foot studio in Ambleside to $7,800,000 for a 4 bedroom, 4,811 square foot penthouse in Dundarave.

There have been 69 sales since April 1st, with the average sale price for a 1-bedroom during that time coming in at $518,728 and the median sale price at $557,800. For 2-bedrooms, the average sale price was $1,376,351 and the median sale price was $1,097,000. The least expensive sale price so far this year for a 1-bedroom was for a 431 square foot renovated suite with mountain views for under $235,000 and the most expensive so far this year was for an 1,100 square foot home with ocean views in a newer building in Dundarave for the mid 800’s. The least expensive sale price so far this year for a 2-bedroom was for a 728 square foot home in an older building in Ambleside for $360,000 and the most expensive so far this year was for a 2,400 square foot Dundarave home with sweeping ocean views and exquisite finishings for $5,000,000.

With 28 West Vancouver 1-bedroom condos currently for sale and taking into account an average of 5 sales per month over the last 3 months, there is currently a 5 & ½ month supply of homes, meaning the absorption rate is 5.5. With 68 West Vancouver 2-bedroom homes for sale and taking into account an average of 17 sales per month over the last 3 months, there is currently a 4 month supply of those homes, with an Absorption Rate of 4. 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. This is a snapshot of condos in West Vancouver overall and one would want to drill down deeper in individual neighbourhoods where one was interested in purchasing.

Number of Bedrooms in Current West Vancouver Condominium Homes For Sale:
There are 3 studio homes
There are 28 one (1) bedroom homes
There are 68 two (2) bedroom homes
There are 7 three (3) bedroom homes
There is 1 four (4) bedroom home

There are currently 26 two-bedroom homes priced under $750,000 in West Vancouver and 15 one-bedroom homes priced under $400,000.

West Vancouver Condominium Homes For Sale By Community:
Altamont – 1 home for sale
Ambleside – 44
Bayridge – 0
British Properties – 0
Canterbury – 0
Caulfeild – 0
Cedardale – 3
Chartwell – 0
Chelsea Park – 0
Cypress – 0
Cypress Park Estates – 5
Deer Ridge – 1
Dundarave – 20
Eagle Harbour –0
Eagleridge – 0
Furry Creek – 0
Gleneagles – 0
Glenmore – 0
Horseshoe Bay – 5
Howe Sound – 0
Lions Bay – 1
Olde Caulfeild – 0
Panorama Village – 9
Park Royal – 13
Queens – 0
Rockridge – 0
Sandy Cove – 0
Sentinel Hill – 0
Upper Caulfeild – 0
West Bay – 0
Westhill – 0
Westmount – 0
Whitby Estates – 6
Whytecliff – 0

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