West Vancouver Single Family Home Update

June 24, 2011

There are currently 482 single family homes for sale in West Vancouver ranging in price from $675,000 for a 2 bedroom rancher in Lions Bay 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 516 sales since March 1st, with the average sale price during that time coming in at $2,205,649. The least expensive sale price so far was for a 3-bedroom west coast contemporary in Lions Bay for a little under $630,000 and the most expensive so far was for a 6-bedroom, 10,000 square foot beauty in Caulfeild with stunning views, for a little under $11,000,000.

With 482 West Vancouver homes currently for sale and taking into account 161 sales last month, there is currently a 3 month supply of homes, meaning the Absorption Rate is 3. 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 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 21 two (2) bedroom homes
There are 102 three (3) bedroom homes
There are 156 four (4) bedroom homes
There are 114 five (5) bedroom homes
There are 58 six (6) bedroom homes
There are 13 seven (7) bedroom homes
There are 4 eight (8) bedroom homes
There are 2 nine (9) bedroom homes
There are 0 ten (10) bedroom homes
There is 1 eleven (11) bedroom home

West Vancouver Homes For Sale By Community:
Altamont – 16 homes for sale
Ambleside – 36
Bayridge – 14
British Properties – 58
Canterbury – 10
Caulfeild – 34
Cedardale – 7
Chartwell – 21
Chelsea Park – 6
Cypress – 11
Cypress Park Estates – 12
Dundarave – 27
Eagle Harbour – 29
Eagleridge – 11
Furry Creek – 17
Gleneagles – 9
Glenmore – 15
Horseshoe Bay – 12
Howe Sound – 11
Lions Bay – 33
Olde Caulfeild – 6
Panorama Village – 1
Park Royal – 3
Queens – 8
Rockridge – 7
Sandy Cove – 5
Sentinel Hill – 16
Upper Caulfeild – 3
West Bay – 12
Westhill – 3
Westmount – 14
Whitby Estates – 7
Whytecliff – 8


Money In Your Pocket: Attention Real Estate Buyers and Owners

April 4, 2011

Thought it was worth posting this article from the Vancouver Sun again.

Some highlights include the Home Buyers’ Plan (withdrawing money from RRSP’s for down payment), First Time Home Buyers’ Program, low interest renovation loans and the LimeSmart BC: Efficiency Incentive Program. There are 25 grants and rebates in total so check them out here.