West Vancouver
In British Columbia in Canada, West Vancouver happens to be a district municipality. West Vancouver is one of the best cities in British Columbia. It is a playground for the elite of the Metro area. It provides a reasonable cost of living and is considered a transit-friendly city.
Condominium Price Index 2021
Home is purchased by single-family homes’ owners, while the condo owners have the authority of the unit in which they live instead of the larger building where it is built. The Condos with one bed and one bath have a cost of $899,000 covering 922 sq ft, while the condos with one bed and one bath covering 785 sqft, have a cost of $598,000.
This clearly indicates that if the area covered by the condo is larger, the cost will also be larger. If there are two beds and three baths of the condo covering 2672 sq ft, its cost will be $3,569,000, while a condo with four beds and four baths over the area equals 2124 sq ft, has the cost equals to $1,985,888. It means that though there is an increase in the number of beds and baths due to a decrease in the area of land on which it is built, the cost is decreased, so the area matters too.
Similarly, with the increase in the number of beds and baths along with the increase in the area of land, there will be a rise in the cost as well. For example, for five beds and seven baths with an area equals to 6876 sq ft the cost will be $3,998,000.
Number of active listings in West Vancouver
Usually, condominium houses with 1, 2, or 3 beds are available in West Vancouver. Depending on the number of beds available there are different numbers of listings. There are 2 one-bedroom condominiums available in the city. 20 two-bed and 56 two-bedroom condominium apartments are available in West Vancouver.
There are 8 one bed, 18 two-bed, and 6 three-bed new listings are available in West Vancouver. Overall there are 33 sold-out listings, 6 sold listings, and 93 active listings of Condominium houses in Nanaimo.
Condominium prices increasing or decreasing
The average housing price of west Vancouver is $3.3M while the median housing price is $2,7M. This city has a price growth of about 22.8% with 10.2% turnover. The condominium housing price depends on the number of beds and baths available along with the covering area. 1-bed condos had a price of $645K from December 29 to January 26 and for 3 months this price was $ 800K.
From December 29 to January 26, the price of 2-bed apartments was $2 m and this price was 1.4 M about 3 months ago and $1.5M about 6 months ago. If we talk about the overall pricing of condominiums then from Dec 29 to Jan 26 this price was $974K and $1.2M 6 months ago.
