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Market Report

West Vancouver

August 2024

Sources: Real Estate Board of Greater Vancouver, Commercial Edge; Canadian Real Estate Association, MLS®; Altus Group; Statistics Canada; Landcor; RealNet.

Disclaimer: Data has been obtained from sources considered to be reliable as of the Report Date. However, no representation or warranty, expressed or implied, is made as to the accuracy of any of the information, projections or conclusions contained herein, and the same is submitted subject to errors and omissions, without any obligation to up date or correct.

Summary

Klein Reports 2024
Residential City Market Reports
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West Vancouver Specialists

West Vancouver Overview

Sales-to-Active Ratio

Single Family Houses


7%

Buyers Market

Single Family Townhouses


0%

Buyers Market

Single Family Condos


13%

Buyers Market

HPI Benchmark Price (Average Price)

Houses

$3,864,338

-5.4%
Lower Than Last Month
July 2024
19.9%
Higher Than Last Year
August 2023

Townhomes

No Sales

-100.0%
Lower Than Last Month
July 2024
-100.0%
Lower Than Last Year
August 2023

Condominiums

$1,188,752

-48.2%
Lower Than Last Month
July 2024
-20.6%
Lower Than Last Year
August 2023

Market Share

This Month

65.0%
Single Family Houses
0.0%
Single Family Townhouses
35.0%
Single Family Condos

Last Month

60.8%
Single Family Houses
7.8%
Single Family Townhouses
31.4%
Single Family Condos

Last 12 Months

66.0%
Single Family Houses
2.0%
Single Family Townhouses
32.0%
Single Family Condos

Single Family Houses

5 Year Trend

Market Status

Buyers Market

West Vancouver is currently a Buyers Market. This means that less than 12% of listings are sold within 30 days. Buyers may have a slight advantage when negotiating prices.
7%

Buyer's Market

Balanced Market

Seller's Market

7%

Of Single Family 
House Listings Sold
IN PAST 30 DAYS

384

Active Single Family 
House Listings
IN PAST 30 DAYS

26

Single Family 
House Listings Sold
IN PAST 30 DAYS

Summary of Sales Price Change

-5%

Lower Than
Last Month
July 2024

20%

Higher Than
Last Year
August 2023

Summary of Sales Volume Change

-16%

Lower Than
Last Month
July 2024

-21%

Lower Than
Last Year
August 2023

Sales Price

Sales-to-Active Ratio

Number of Transactions

Single Family Townhomes

5 Year Trend

Market Status

Buyers Market

West Vancouver is currently a Buyers Market. This means that less than 12% of listings are sold within 30 days. Buyers may have a slight advantage when negotiating prices.
0%

Buyer's Market

Balanced Market

Seller's Market

0%

Of Single Family 
Townhouse Listings Sold
IN PAST 30 DAYS

19

Active Single Family 
Townhouse Listings
IN PAST 30 DAYS

0

Single Family 
Townhouse Listings Sold
IN PAST 30 DAYS

Summary of Sales Price Change

-100%

Lower Than
Last Month
July 2024

-100%

Lower Than
Last Year
August 2023

Summary of Sales Volume Change

-100%

Lower Than
Last Month
July 2024

-100%

Lower Than
Last Year
August 2023

Sales Price

Sales-to-Active Ratio

Number of Transactions

Single Family Condos

5 Year Trend

Market Status

Buyers Market

West Vancouver is currently a Buyers Market. This means that less than 12% of listings are sold within 30 days. Buyers may have a slight advantage when negotiating prices.
13%

Buyer's Market

Balanced Market

Seller's Market

13%

Of Single Family 
Condo Listings Sold
IN PAST 30 DAYS

110

Active Single Family 
Condo Listings
IN PAST 30 DAYS

14

Single Family 
Condo Listings Sold
IN PAST 30 DAYS

Summary of Sales Price Change

-48%

Lower Than
Last Month
July 2024

-21%

Lower Than
Last Year
August 2023

Summary of Sales Volume Change

-13%

Lower Than
Last Month
July 2024

-13%

Lower Than
Last Year
August 2023

Sales Price

Sales-to-Active Ratio

Number of Transactions

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