West Vancouver
West Vancouver is a district municipality which is present in the province of British Columbia, Canada. This area is famous for its rugged coasts, salmon fishing, and the number of outdoor recreation spots such as skinny trails and hiking. This place is also famous for its outdoor attractions. This is a tight-knit district and West Vancouver is also home to some of the most impressive houses for Vancouver. West Vancouver with a population of about 51,079 individuals, this district is the 57th most dangerous place in the world according to the annual ranking of Canada’s most dangerous places in 2019.
Real estate fact 2021
The real estate market of West Vancouver is expecting a buyers market in the coming year 2021. The pandemic due to COVID-19 has limited the activity from foreign buyers, this district is expecting to java a back shift to a local buyer. Low inventory and low-interest rates are expected to make a huge impact on the housing market in 2021. In the West Vancouver district, the average selling price has decreased almost 1% to $1,949,881 between Jan 1 to Oct 31 in the previous year down from almost $1,969,356 in 2019. According to the RE/MAX outlook, there is an increase of approximately 3% which is $2,008,377.83 across all the properties of West Vancouver.
Prices Rising or Stable outgrowth
A current West Vancouver Statistic represents that this district has an average house price of almost $2,638, 369 and there are 35 new listings in the district in the last 28 days. From December 04 to January 01 the average sold price of West Vancouver is $2.5 M which represents a monthly charge of 1.5% and a quaternary change of 2.3% and a yearly change of almost 4.4%. During this time period, the average price of a 2 bedroom apartment was $2.0M which was about $2.2M about 3 months ago and 1.7 Million about 6 months ago. Moreover, 3 bedroom apartments in the district have a price of $2.8M which was $2.2M about 6 months ago so we can say that housing prices of 2 bedroom apartments have decreased and that of 3 bedroom apartments has increased.
Is the real estate market growing?
The West Vancouver housing inventory shows that there are 36 new listings in the district from the past 28 days. Almost 43 houses are sold out and there are 42 average days on the market. This district has selling to price ratio of almost 90%. From Dec 4 to Jan 1 the number of new listings is 2 with 3 sold listings and the same 3 active listings of 2 bedroom apartments. During the same time period, the numbering of listing of 3 bedroom apartments is 3 with 07 sold listing numbers and almost 35 activating listings. The same is with a 4 bedroom apartment which has 7 new, 12 sold, and 79 active listings.
