49% of North Vancouver‘s 2024 residential sale activity were apartments. Detached homes accounted for 32% and townhomes 19%. 2024 and 2023 year-end totals and % breakdown of property type sale numbers were similar. So was the NV’s Apartment House Price Index (year average). Check out the visual:
Price metrics such as averages, medians, or HPI’s can’t tell us precisely what the value of any specific property is at any point in time but metrics are typically most useful for telling us what the trend of price change is heading.
When it comes to knowing the “true” value of any property, that there’s only one “true” price in the market: the price someone is willing to pay you!