West Vancouver is the district municipality of British Columbia, Canada. Along with the wealth of amazing houses and a variety of desirable amenities, unique, this city is seeing a decline in crime rates, and the west side of this city is also considered as a highly safe side of the city. West Vancouver is a comparatively affordable city to live with the monthly cost of living for a single person is around 1,180 CAD.
Statistic on Average Prices for Condos, Homes, and Townhouses:
West Vancouver due to its close proximity to both ocean and mountains, West Vancouver is well known for offering all types of adventure and outdoor sports. Besides these this city also provides good job opportunities to its residents which attract so many people to buy a house here.
The real estate market of West Vancouver continued in 2021 with the strong results of February. The benchmark prices for all the types of property are now at $1,084,000, with approximately a 7% increase. Benchmark prices for the detached houses continued their straight increase and reached more than $1.62 million, with an average increase of 13% versus February 2020. Cond apartments and townhouses also followed behind with the benchmark prices of $697,500 and $839,800 with an annual increase of 3% and 5% respectively.
How Many Numbers of Properties Do They Offer?
Houses with different construction styles and different numbers of beds having different active listings. There are 12 active listings of detached houses, 6 townhouses and 20 condominiums are currently available in West Vancouver for sale at affordable prices.
How Fast Is The Real Estate Market Moving?
A recent West Vancouver MLS stats represents that the average house price of the city is $2,727,782 and almost 233 new listings were available in the city in the previous 28 days. As of today, the city’s housing data indicates median days on the market for a house in 16 days. Almost 81 houses have sold out in West Vancouver during the past 28 days. West Vancouver has a 98% selling to listing price ratio.
West Vancouver Real Estate season started early for West Vancouver as house sales increased. Almost 3,727 houses were sold out in a month, an increase of 73%. Detached houses sales reached up to 1,231, an increase of 80%. Condominiums and townhouses also show a significant jump in their activities with 66% and 82% increases as compared to February 2020 respectively. The sales of homes are also expected to rise in the coming few months because the real estate market of the city gets back into gear for summer and spring.
Number of Active Pre Construction Developments in West Vancouver
West Vancouver has 13 new house developments in the city with a mix of low-rise and high-rise that are generally planned, recently completed for under construction. Out of these 1 is apartment development and 6 are condominium developments with 354 units at present under construction. There are 5 single-family home developments and 1 townhouse development in West Vancouver.