Houses moved at a balanced 16% sales ratio across West Vancouver, but some neighbourhoods & price ranges had exceptionally higher activities than the average. While the average sale price per house dropped by 11% ($2.9M to $2.6M, approximately) the days on market reduced from 37 to 21 days in October, compared to September. Attached properties (condos & townhomes) had much faster movement at 38% selling ratio, with very little average price or DOM (Days on Market) changes compared to the previous month.
Mid-range prices most popular in West Vancouver Houses
Properties priced $2M to $2.75M in West Vancouver had the strongest movement with a 63.6% sales ratio, while those priced at $2.75M to $3.5M dropped to a 19.4% sales ratio. There were some off-the-chart micro price bands too; West Vancouver homes between $1.25M to $1.5M sold off at 100%, while $2m to $2.25M flew off the shelves at 167%. Conversely, there were only two homes sold at over $5M price range in West Vancouver in October 2021.
Fastest Moving Neighbourhoods in West Vancouver for Detached Homes
Park Royal & Cedardale had an above-100% sales ratio, although it represents only 5 homes sold with 4 new listings added in October 2021. Lion’s Bay & Horseshoe Bay saw 7 homes sold with 9 added for a 77.8% sales ratio. Higher volume sales occurred in British Properties with 10 homes moving resulting in a sale ratio of 15%, and Ambleside followed closely with 8 sales for a slightly higher 19% sales ratio.
Most Popular Price Bands Among West Vancouver Attached Homes (Townhomes & Condos)
West Vancouver condos priced between $600k to $1M saw 60% sales ratio, while condos priced $1M to $1.5M saw an even higher 69.2% sales ratio. As of the time of writing this article (mid November) there are only condos for sale in West Vancouver in the above mentioned price ranges and no townhomes.
West Vancouver Condo/Townhome Sales Concentrated Concentrated in Small Pockets
Only 24 attached properties traded hands in West Vancouver during the month of October 2021, and a handful of communities led the charge, as the majority of condo/townhome developments are clustered in specific pockets here. Park Royal, Ambleside and Dundarave saw 15 homes trade hands with 44 new listings for a sale ratio of 34.1%. There were the odd sales in Furry Creek, Cypress Park Estates, Panorama Ridge and some other areas of West Vancouver, but very low on both volume & inventory.
To get a detailed list of what sold and for how much in West Vancouver last month, please contact the Baxter & Welch team now!
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