West Vancouver Sales Statistics for July 2007

According to the The Real Estate Board of Greater Vancouver (REBGV) total residential sales reached 3,873 units in July 2007, a 41.8 per cent increase when compared to 2,732 sales in July 2006 and an increase of 5.0 per cent when compared to 3,687 sales in July 2005. This figure represents the second highest number of sales during the month of July in the Board’s history. The highest number of sales for that month was recorded in July 2003, when 4,023 sales were reported.

In West Vancouver / Howe Sound sales were up 88.6% (83 units sold up from 44 in July 2006. Following is the Housing Price Index for detached homes in West Vancouver.

BENCHMARK PRICE	PRICE RANGE	3 MONTH AVG BENCHMARK	PRICE INDEX	1 YEAR CHANGE	3 YEAR CHANGE	5 YEAR CHANGE
$1,365,306	3.9%	$1,395,427	201.1	6.7	50.7	91.8

HOW TO READ THE TABLE:

BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.

PRICE RANGE: Expressed as a + or – percentage of the benchmark price, there is a 90% probability the sale price of a benchmark house is within the interval.

PRICE INDEX: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales.

All indexes equal 100 in June 2001.

Comparing the number of homes listed to the number sold the gap narrowed over June and Inventories are down slightly.

Apartments have tracked the same as detached sales.