Reported West Vancouver and North Vancouver apartment monthly inventory numbers since January has consistently been below their respective 10-year monthly average.
Extraordinary apartment monthly sale numbers were recorded the past two months in both communities. West Vancouver totaled 28 in April and 31 in March, the highest monthly sales on record since 2017. In North Vancouver April sales totaled 207 and 203 in March, the highest monthly apartment sale totals ever recorded in North Vancouver.
Sellers’, buyers’ and balanced markets are terms that describe whether the market is putting upward, downward, or no pressure on home prices.
The infographics below show the North Shore apartment market ytd pretty much this year been in seller’s market territory however there are signs that activity for all property types might be balancing out.
If you are selling and or buying, reach out to [email protected] to help you navigate our local market!