Market Spotlight: West Vancouver Single Family

Resales volume for single family houses in West Vancouver have slowed significantly, and reflects a Metro-wide trend of a definitive swing towards a buyer’s market. June 2012 was the slowest June in over 10 years, with just 30 resales. Comparatively, there were 121 sales in June 2011. Of these 30 sales last month, 20% had dropped their asking price at least once, compared with just 10% of the sales in June 2011.

Source: MLS Statistics