Recent Real Estate Board of Greater Vancouver (REBGV) stats release shows that residential property sales in North Vancouver was down, not unlike West Vancouver, approximately 32% and 10% from sales recorded in 2021 and 2020 respectively. Last year’s sales total was approximately 9% below the 10-year sales average. “Closing out 2022, the data show…
In North Vancouver, for all property types, the sales-to-active listings ratio (SAR) for November is 28%. By property type, the ratio is 29% for detached homes, 14% for townhomes, and 33% for apartments. Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period,…
Our real estate board reports that a total of 128 North Vancouver residential property sales were recorded by the Multiple Listing Service® (MLS®) in September 2022, a decrease of -44% from September 2021. The MLS® residential property House Price Index (HPI) was $1,320,400, +1.5% increase from $1,301, 200 recorded in same month last year. September…
With interest rates and housing supply increasing North Vancouver home buyers are operating in a changing market place. Let’s take a closer look! MLS® stats show North Vancouver had 174 home* sales in July 2022. This is a -30% decrease from this time last year (YOY) and is -20% below North Vancouver’s 10 year monthly…
In North Vancouver sales numbers for most property types were down in June compared to same month last year and from May 2022. Detached homes sale totals were down -47.5% from same month last year and -21.25% from May 2022, apartments -28.1% and -37.01% respectively. NV townhomes June sale activity was down -32.2% from June…
May was again a seller’s market for North Vancouver homes, apartments and townhomes. Seller’s market conditions have held since June 2020 for NV homes, September 2020 for apartments and May 2020 for townhomes.! Seller’s market A seller’s market is when there are more people looking to buy then there are homes available. This causes…
The one-year change for North Vancouver April 2022 residential sales was less for all property types; down -47.5% for detached homes, -39.6% for condos and -24.6% for townhomes. One-month change for all property types was down too; -18% for detached homes, -22.2% for condos and -12.1%. This April total active listings for all property types…
North Vancouver property sales picked up in March from the month before for all property types but down compared to March 2021. SALES One-Month Change One-Year Change Detached Homes …
As 2022 unfolds, North Vancouver continues to experience persistently low inventory numbers and rising prices for all property types. The trend of seller market conditions has been holding on since the Fall 2021 for NV homes, apartments and townhomes! Seller’s market A seller’s market is when there are more people looking to buy then…
Despite low residential sale numbers for all North Vancouver property types the MLS® HPI Benchmark price edged up! Our board stats shows house sale activity was down -21.3% from the same month last year and many of the 37 January house sales took place in the following neighborhoods: 5 – Edgemont 4 – Canyon Heights…
