John Jennings, Royal LePage Sussex-John Jennings, just released his monthly Market Update! He reports in West Vancouver, there was 24 months of inventory (MOI). This represents a buyer’s market based on MOI. In December there was 15 months of inventory. The sales to new listings percentage was 12%, which represents a buyer’s market. In North…
North Vancouver and West Vancouver 2025 property assessments show slight changes. Property owners receive their 2025 assessment notices the first week of January, an assessment which reflects the market value as of July 1, 2024. “Across the Lower Mainland and throughout BC, the overall housing market has generally stabilized in value for a second…
North Shore‘s North Vancouver residential composite benchmark price was down -2.1% December 2024 from the same month the year before whereas West Vancouver was up 1%. Residential composite includes all property types including single family detached, apartments and townhomes. Visuals below shows the one year benchmark price change for each of the property types! …
Timing can influence your home’s selling price. Market conditions also vary by neighbourhood and housing type. Our local real estate board, Greater Vancouver Realtors (GVR) monthly housing market report summarizes the latest home sale, listing, and price trends. Keeping an eye on market conditions helps you understand the ebb and flow real estate prices. For…
In West Vancouver, there was 10.3 months of inventory (MOI). This represents a buyer’s market based on MOI. Last month there was 10.4 months of inventory. The sales to new listings percentage was 21%, which represents a buyer’s market. In North Vancouver, there was 3.6 months of inventory. This represents a seller’s market based on…
In West Vancouver, there was 10.4 months of inventory (MOI). This represents a buyer’s market based on MOI. Last month there was 9.4 months of inventory. The sales to new listings percentage was 28%, which represents a buyer’s market. The first quarter of 2024 had 92 sales compared to the first quarter of 2023 which…
In West Vancouver, there was 14.8 months of inventory (MOI). This represents a buyer’s market based on MOI. Last month there was 13 months of inventory. The sales to new listings percentage was 17%, which represents a buyer’s market. In North Vancouver, there was 4.9 months of inventory. This represents a balanced market based on…
There is nothing typical about our real estate market since the start of the Covid 19 pandemic. 2023 first three months sales are down by quite a bit relative to 2021 and 2022 unusually strong market years. North Vancouver sales down 43% and 54% respectively from 2022 and 2021 Q1’s. West Vancouver down 37% and…
In West Vancouver, there were 8.2 months of inventory (MOI). This represents a buyer’s market based on MOI. The sales to new listings percentage was 39%, which represents a balanced market. In North Vancouver, there were 2.6 months of inventory. This represents a seller’s market based on MOI. The sales to new listings percentage was…
RBC Monthly Housing Market Update reports Canada’s housing market inches closer to a cyclical bottom. ‘Home resales are now gradually stabilizing in most parts of the country after plunging through the spring and summer amid soaring interest rates. Nationwide activity even picked up slightly on a month-to-month basis for the second time in three…
