Blog by Patrick O'Donnell PREC*

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West Vancouver Real Estate

West Vancouver Real Estate update    

Well quite the variety of homes hit the market today. A total of 44 new listings on the North shore.

At this time there are 25 homes for sale in Dundarave with an average price just under 4 million dollars, if you take out the high of 15 million on Bellevue and the low of $1,340,000 on Inglewood the average price in Dundarave changes to a poultry $3.1 million

The same is true of Ambelside with 34 homes for sale as of today’s date. The average price of a single family home (excluding the high and low) is 2.4 million

An area of West Vancouver that seems to get overlooked is Sentinel Hill.  At this time there are only 5 homes for sale with an average excluding the high and low of only $1.8 million

Once you head further west towards Caulfeild the activity and the prices change quite dramatically. With 6 of the 28 homes for sale listed at 10 million or above. Although it should be noted that Seaside Place, Kew Cliff, Clovelly Walk and Gulf Place which are prime waterfront homes fall under the Caulfeild setting.  12 of the 28 homes listed in Caulfeild are above 2 million.  That really does not leave too much room for those who thought the area was affordable.  Cypress Park Estate which has always been the poor cousin to Caulfeild, does not seem to be all that poor anymore.  Average price is now just over the 2 million mark.

So it begs the question, where do people buy or more to the point what can people buy on the North Shore. From Cedardale to Horseshoe Bay and from the tip of Glenmore to the water on Bellevue the average price of a home is 3.8 million. This excludes the Mobile homes under the Lions Gate Bridge and the Taj Mahal on Camelot for 40 million (I mean seriously!)

It use to be that a million dollars bought you a nice – live happy ever after home. That average is now around 1.8 to 2 million. Anything priced less will probably need a good 200k reno before very long.

It would be nice to believe that if you own already in West Vancouver, then all of the above the stats are relative, sadly that is not the case. Depending on where you are living, you will find that the average in your area may not have kept pace with the area you are hoping to move to.

To get a better read on the market, why not give me a call. We can have a chat and cup of tea, when you know more – you can do better.