West Vancouver Condo Update

August 20, 2011

There are currently 127 condominium apartment homes for sale in West Vancouver ranging in price from $235,000 for a 459 square foot studio in Ambleside to $7,800,000 for a 4 bedroom, 4,811 square foot penthouse in Dundarave.

There have been 88 sales since May 1st, with the average sale price for a 1-bedroom during that time coming in at $536,659 and the median sale price at $575,000. For 2-bedrooms, the average sale price was $1,402,327 and the median sale price was $1,065,000. 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 23 West Vancouver 1-bedroom condos currently for sale and taking into account 6 sales last month, there is currently a 4 month supply of homes, meaning the absorption rate is 4.0. With 73 West Vancouver 2-bedroom homes for sale and taking into account 15 sales last month, there is currently a 5 month supply of those homes, with an Absorption Rate of 5.0. 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 4 studio homes
There are 23 one (1) bedroom homes
There are 73 two (2) bedroom homes
There are 21 three (3) bedroom homes
There is 6 four (4) bedroom homes

There are currently 24 two-bedroom homes priced under $750,000 in West Vancouver and 13 one-bedroom homes priced under $400,000.

West Vancouver Condominium Homes For Sale By Community:
Altamont – 1 home for sale
Ambleside – 40
Bayridge – 0
British Properties – 0
Canterbury – 0
Caulfeild – 0
Cedardale – 2
Chartwell – 0
Chelsea Park – 1
Cypress – 0
Cypress Park Estates – 9
Deer Ridge – 2
Dundarave – 21
Eagle Harbour –0
Eagleridge – 0
Furry Creek – 5
Gleneagles – 0
Glenmore – 0
Horseshoe Bay – 3
Howe Sound – 0
Lions Bay – 1
Olde Caulfeild – 0
Panorama Village – 8
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 – 5
Whytecliff – 0


West Vancouver Single Family Home Update

August 9, 2011

There are currently 450 single family homes for sale in West Vancouver ranging in price from $729,000 for a 3 bedroom home on Passage Island to $39,000,000 for an 11 bedroom, 29,770 square foot mansion on a 5.44 acre lot at 2190 Camelot Road.

There have been 372 sales since May 1st, with the average sale price during that time coming in at $2,259,819 and the median sale price being $1,865,000. The least expensive sale price so far this year was for a 3-bedroom west coast contemporary in Lions Bay for a little under $630,000 and the most expensive so far this year was for a 6-bedroom, 10,000 square foot beauty in Caulfeild with stunning views, for a little under $11,000,000.

With 450 West Vancouver homes currently for sale and taking into account 92 sales last month, there is currently a 5 month supply of homes, meaning the Absorption Rate is 5.0. 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 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 0 one (1) bedroom homes
There are 15 two (2) bedroom homes
There are 106 three (3) bedroom homes
There are 147 four (4) bedroom homes
There are 99 five (5) bedroom homes
There are 60 six (6) bedroom homes
There are 14 seven (7) bedroom homes
There are 3 eight (8) bedroom homes
There are 2 nine (9) bedroom homes
There are 0 ten (10) bedroom homes
There are 0 eleven (11) bedroom homes

There are currently 29 homes priced under $1 million in West Vancouver.

West Vancouver Homes For Sale By Community:
Altamont – 15 homes for sale
Ambleside – 39
Bayridge – 14
British Properties – 52
Canterbury – 5
Caulfeild – 24
Cedardale – 7
Chartwell – 18
Chelsea Park – 5
Cypress – 9
Cypress Park Estates – 13
Deer Ridge – 1
Dundarave – 21
Eagle Harbour – 27
Eagleridge – 11
Furry Creek – 18
Gleneagles – 15
Glenmore – 18
Horseshoe Bay – 8
Howe Sound – 12
Lions Bay – 34
Olde Caulfeild – 3
Panorama Village – 1
Park Royal – 4
Queens – 9
Rockridge – 7
Sandy Cove – 6
Sentinel Hill – 10
Upper Caulfeild – 1
West Bay – 12
Westhill – 9
Westmount – 14
Whitby Estates – 5
Whytecliff – 6