{"id":796,"date":"2022-01-30T22:18:50","date_gmt":"2022-01-31T03:18:50","guid":{"rendered":"https:\/\/www.filerwelch.com\/blog\/?p=796"},"modified":"2022-02-25T12:49:45","modified_gmt":"2022-02-25T17:49:45","slug":"west-vancouver-detached-single-family-houses-real-estate-movement-report-december-2021","status":"publish","type":"post","link":"https:\/\/www.filerwelch.com\/blog\/west-vancouver-detached-single-family-houses-real-estate-movement-report-december-2021\/","title":{"rendered":"West Vancouver Detached Houses Sales in December 2021"},"content":{"rendered":"

West Vancouver\u2019s 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.<\/p>\n

The Most Popular Price Bands For West Vancouver Houses<\/h4>\n

West Vancouver houses priced $1.25M to $2.25M<\/a> had the fastest movement with a cumulative 91% sales ratio from 10 sales. West Vancouver homes offered between $2.25M to $3.5M<\/a> 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<\/a>, the ratio drops further to 19% with 13 homes sold.<\/p>\n

The Steep Increase In New Listings At Luxury Price Points Is Lowering the Average Sales Ratios In West Vancouver<\/h4>\n

There were over 107 new single family homes for sale added in West Vancouver priced over $5.5M<\/a> 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<\/a>.<\/p>\n

The Busiest Areas in West Vancouver For House Sales In December 2021<\/h4>\n

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<\/a> 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<\/a> all posted 30~60% sales ratios with a combined 17 homes trading hands for a 46%.<\/p>\n

Find Out More About Which Areas Moved Slowest (or None At All) in West Vancouver<\/h4>\n

Contact the Filer & Welch Team now to get a more comprehensive report<\/a> on detached houses movement in West Vancouver in December 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 16% sales ratio is an oversimplification. Many price bands saw very high sales ratios, while higher price points saw a flood of inventory amidst low sales. 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