West Vancouver’s sales ratios of single family homes increased to 16% in December compared to the 12% in November but with less total sales. 40 homes traded hands while 244 were added to inventory. Homes sold for an average 95% of asking price after 43 days on market.
The Most Popular Price Bands For West Vancouver Houses
West Vancouver houses priced $1.25M to $2.25M had the fastest movement with a cumulative 91% sales ratio from 10 sales. West Vancouver homes offered between $2.25M to $3.5M had a more modest 23% sales ratio with 13 listings selling. Once we move onto houses priced $3.5M to $5.5M in West Vancouver, the ratio drops further to 19% with 13 homes sold.
The Steep Increase In New Listings At Luxury Price Points Is Lowering the Average Sales Ratios In West Vancouver
There were over 107 new single family homes for sale added in West Vancouver priced over $5.5M while only 3 sold. The sharp uptick of new listings and very low sales in the highest price points are dragging down the city-wide sales ratios, similar to what has happened in Vancouver Westside in December when the net sales ratio was 17% while the active price bands saw far-above-average absorption rates.
The Busiest Areas in West Vancouver For House Sales In December 2021
The farthest West areas of West Vancouver had few detached homes to offer while many got snapped up. Lions Bay, Horseshoe Bay and Furry Creek house sales combined for only 8 sales, with only 6 new homes added to inventory for a 133% sales ratio. Olde Caulfeild, Bayridge, Dundarave and Sentinel Hill houses all posted 30~60% sales ratios with a combined 17 homes trading hands for a 46%.
Find Out More About Which Areas Moved Slowest (or None At All) in West Vancouver
Contact the Filer & Welch Team now to get a more comprehensive report on detached houses movement in West Vancouver in December 2021.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Baxter Welch for your convenience.
