West Vancouver Real Estate Market March Overview

Detached sales in West Vancouver continue to be strong and it is interesting to note that the market really did pick up substantially at the exact start of the Chinese New Year Feb 2nd and just like the Rabbit whose year it is it has not stopped springing along.

Virtually every house in the $1 million to $2.7 Million range with a good view, in an updated livable condition in not only the British Properties but in Ambleside,Dundarave and Queens has had multiple offers on it and they have sold for over asking leaving many long term Realtors amazed. I personally have been involved in two multiple offers one successful and the other I advised my clients to pull out as there were 12 offers and it was going to go over what I felt as an investment it was worth.

When Realtors price their listings under market value in markets like this it generates a frenzy which is what they intended but acting for a buyer one has to be very careful as these tactics do not create a true market value as people get caught up in the heat of it all.

Chinese buyers without an agent bought out in Almondel for $4.500 million which is far more West that they usually buy and as i have said before I am sure this will continue as they discover and I endeavour to show them how many more amazing areas there are in West Vancouver with gorgeous views and great schools.
There were 3 sales over the $5.5 million and the top sale was $6.8 Million in The British Properties and all three sales were to Chinese.

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