North Vancouver 2021 apartment sales accounted for 48% of all NV residential sales. The balance was 34% and 18% for detached home and townhome sales respectively.
Since 2016 apartment sales ‘crossed the line’ with more year-end sales than detached homes.
2021 was a record year for NV apartments sales and was +38% above 2020 and +25% above the previous record high in 2015.
The MLS® HPI composite benchmark price (year average) for North Vancouver apartments was $641,575, up +10.7% compared to 2020.
Sales-to-active listing ratio, months of inventory, and sales-to-new listing ratio are indicators of supply and demand dynamics. Check out the North Vancouver Apartment infographic below.
North Vancouver apartment market has sustained sellers’ market conditions since throughout 2021.