Real Estate for Sale in Lions Bay

Situated in British Columbia, the city of Lions Bay has a population of 1,318. The -0.8% population growth rate for the city is below average when compared to other Canadian cities.

There are 26.62% of immigrants in Lions Bay, 1.9% of which are recent arrivals to Canada. Beyond English, the most common language spoken is German, with 5% of residents reporting it as their mother tongue. The largest cultural community within Lions Bay is English at 40%, trailed by Irish at 28% and Scottish at 19%.

Lions Bay delivers solid employment prospects with an unemployment rate near 5%, which is below average when compared to other cities. Roughly 78% of residents hold a university degree. Residents can anticipate an exceptional quality of life in Lions Bay owing to an above average median family income of $106,970.

According to Statistics Canada, 82% of Lions Bay residents drive. Approximately 11% of residents who are already established within the city will move within a year, while 22% will move within five years.

Lions Bay’s population skews above average regarding homeownership, with 86% owning a property and 14% renting. The median monthly mortgage cost is estimated at roughly $1,446, which is above average when set against renters in other Canadian cities.

In the Canadian real estate context, Lions Bay is a rewarding place to establish a foothold in the real estate market.

A swift review of MLS® listings reveals an ample number of homes for sale in Lions Bay. That doesn’t mean navigating this market is straightforward. In Canada’s real estate landscape there are heated pockets of activity—zones where bidding wars and sold-over-asking are the norm. To be effective in your real estate search, talk to a local Realtor®. As a specialist, a local Lions Bay real estate agent can steer you to areas matching your requirements and housing aligned with your budget.

Lions Bay houses for sale stay on the market for 93 days, on average and sell for 94.78% of the median list price. Detached houses for sale in Lions Bay comprise 92% of listings and sell for a median price of $2,290,000. Lions Bay condos represent 0% of the real estate currently for sale and sell for a median price of $0. The remaining 8% are townhouses, which sell for a median price of $1,100,000.

To be competitive in Lions Bay’s real estate landscape you should come prepared. Talk to a realtor or mortgage advisor to establish what you can realistically afford.

As of the latest reporting period, Lions Bay’s median sale price sits at $1,781,750. This figure is calculated by identifying the mid-point price of all properties sold within a specified period of time. If, for instance, 30 condos changed hands last month and only 11 detached homes sold in the same time frame, then the median price would skew downward to capture the larger number of lower-priced condos. At present, Lions Bay has 12 houses for sale, 1 townhomes for sale and 0 condos for sale.

A substantial proportion of prospective homeowners pursue houses for sale in districts farther from Lions Bay’s downtown core. Suburban communities typically provide larger homes on more spacious lots. For expanded options, consider commuting into Lions Bay’s core from a nearby municipality, such as Squamish, West Vancouver, and North Vancouver. Even neighbouring cities requiring a slightly extended commute, such as Burnaby, Richmond, and Surrey, are viable choices as they feature excellent housing selections, frequently at more affordable prices.

Purchasing a home means securing a stake in a neighbourhood, so gaining familiarity with your prospective community is worthwhile. Here’s a snapshot of Lions Bay’s demographics, encompassing median age, schools and income, derived from census information provided by Statistics Canada.

According to Statistics Canada, residents in Lions Bay rely on a variety of methods to navigate the area.

According to current Lions Bay MLS© statistics, the average home listing price in Lions Bay, BC is $3,560,000. Based on Lions Bay housing inventory, the typical home is listed on the market for 92 days and has a 94.8% selling to listing price ratio.

Based on current Lions Bay MLS© data, the average detached house in Lions Bay, BC has a listing price of $3,609,000. In Lions Bay, detached houses remain on the market for 81 days on average.

In Lions Bay, BC, the most expensive neighbourhoods to buy a home include Lions Bay. Lions Bay is the most expensive neighbourhood in Lions Bay with an average home price of $3,560,000.

The most affordable neighbourhoods to buy a home in Lions Bay include Lions Bay and Lions Bay. Lions Bay is the most affordable neighbourhood in Lions Bay with an average home price of $3,560,000.

The nearest cities to Lions Bay, BC include West Vancouver, Bowen Island, Gambier Island and North Vancouver. Among the surrounding Lions Bay cities, West Vancouver has the highest average home price of $4,717,000 and Gambier Island has the most affordable average home price of $740,000.

The average townhouse in Lions Bay carries an average listing price of $1,100,000, representing a % shift in price from the prior year. There is presently 1 townhouse for sale in Lions Bay, BC.

According to Statistics Canada Census data, the median total household income in Lions Bay is $106,970 per year, exceeding the national median income of $67,000 annually.