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Neighborhood
Market Report

West Vancouver

Vancouver, Washington

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Market Summary

All Property Types
Recent Sales Trends

The statistics below highlight key market indicators for West Vancouver. The data in the Sold Listings table is based on homes sold within the month of March 2023.

    No data available
Current Market
The statistics below provide an up-to-date snapshot of the listed inventory as of April 2, 2023. Median days on market is a good indicator of the average length of time the current inventory has been on the market. The high price, low price, and median price provide context for the prices buyers and sellers can expect to encounter in this area.
13
28
32
$1,350,000
$274,900
$719,000
Values pulled on 4/2/2023
West Vancouver - Vancouver, Washington
Data provided by Regional Multiple Listing Service RMLS. All information is deemed reliable but not guaranteed.
     Equal Housing Opportunity
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Homes Sold
West Vancouver - Vancouver, Washington
Data provided by Regional Multiple Listing Service RMLS. All information is deemed reliable but not guaranteed.
     Equal Housing Opportunity
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Market Conditions

Market Climate
6
Median Days on Market
0.5
Months of inventory indicates the amount of homes for sale relative to the amount of homes purchased.
29%
Properties Sold Over Original Asking Price
March 2023
Buyer's vs. Seller's Market

This graphic explains the key similarities and differences between a buyer's and seller's market; and how these market factors impact each group.

How it Impacts Buyers
Buyer's Market
More people selling homes than buying
How it Impacts Buyers
Buyer's Market
More people selling homes than buying
  • More homes to choose from
  • More negotiating power
  • Could spend less than asking price
  • Price restrictions
  • Rarely competing offers
How it Impacts Sellers
Seller's Market
More people buying homes than selling
  • Fewer homes to choose from
  • Less negotiating power
  • Need to be able to close quickly
  • Could spend more than asking price
  • Competition from other buyers
How it Impacts Sellers
Seller's Market
More people buying homes than selling
How it Impacts Buyers
Buyer's Market
More people selling homes than buying
  • Takes more time to sell
  • Fewer offers received
  • Could get lower than asking price
  • May have to make repairs and/or concessions
How it Impacts Sellers
Seller's Market
More people buying homes than selling
  • Home sells quickly
  • Multiple offers likely
  • Could get more than asking price
  • Buyers willing to overlook repairs
West Vancouver - Vancouver, Washington
Data provided by Regional Multiple Listing Service RMLS. All information is deemed reliable but not guaranteed.
     Equal Housing Opportunity
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Market Conditions by Price Range

This table provides insight into key market indicators at specific price breakpoints. This information is valuable as the market conditions can vary by price category.

    No data available
Buyer's Market
More than 7 months of inventory
Home prices will depreciate
Balanced Market
Between 6-7 months of inventory
Home prices will only appreciate with inflation
Seller's Market
Less than 6 months of inventory
Home prices will appreciate
  • Buyer's Market
    More than 7 months of inventory
    Home prices will depreciate
  • Balanced Market
    Between 6-7 months of inventory
    Home prices will only appreciate with inflation
  • Seller's Market
    Less than 6 months of inventory
    Home prices will appreciate
West Vancouver - Vancouver, Washington
Data provided by Regional Multiple Listing Service RMLS. All information is deemed reliable but not guaranteed.
     Equal Housing Opportunity
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Compare West Vancouver to Zip Code and City

The charts below compare the average price per square foot and median sale price indicators of the neighborhood to its parent zip code and city.

Average Price per Square Foot
Median Sale Price
West Vancouver - Vancouver, Washington
Data provided by Regional Multiple Listing Service RMLS. All information is deemed reliable but not guaranteed.
     Equal Housing Opportunity
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Statistics

Days on Market by Price Range

The bar graph below indicates the median days on the market value for each price range breakpoint in West Vancouver. The values are based on closed transactions in March 2023.

West Vancouver - Vancouver, Washington
Data provided by Regional Multiple Listing Service RMLS. All information is deemed reliable but not guaranteed.
     Equal Housing Opportunity
Data provided by Regional Multiple Listing Service RMLS. All information is deemed reliable but not guaranteed.