What’s Going On in The Market

West Vancouver: Jan sales were 73 ( average Jan is 51, Best ever was 120, worst ever was 23 ). Feb sales were 104 ( average Feb is 71, Best ever is 139, worst is 32 ). Total for the two months was 177 compared to 114 last year. Sounds good but don’t believe it. This hot market will be short lived. Jan and Feb listed more homes than any Jan or Feb on record. Current listing total is 473 at end of Feb, second highest on all time. Inventory is growing at a rapid rate and sales will slow. As of the date Mar 18, we have 26 firm sales for the month. The high end market is very
interesting, 18 in total or 7 per month and their are currently 126 active listings over 5 million, the highest ever.
The Vancouver West market had 296 sales for the first two months compared to 319 last year. Over town prices are to high, people are buying in West Van. North Van is like WV, 215 sales first two months, 176 last year.