What’s happening to North Vancouver house prices and where are they headed? We are asked these questions every day by clients trying to understand whether it’s a good time to buy or sell. The MLS® HPI is the best and purest way to gauge home price trends. It takes housing quality into account, such as…
Thinking of Buying? Selling? Can’t make sense of our local market? Have lots of questions, such as, is there an influx or decrease of homes coming onto the market and is current balance of supply and demand impacting prices? Here’s what you really need to know to make sense of our local market:
The Greater Vancouver real estate market has maintained its upward trajectory with increased sale prices and burgeoning market activity throughout the initial quarter of 2024. Presently, the average property in Vancouver commands a price of $1,318,535, which represents yearly price growth of 3.9%. Since the year’s commencement, home values have surged by 6%, equating to…
Just released board stats show North Vancouver November home sales numbers strongest in the Lynn Valley, Boulevard and Upper Lonsdale neighborhoods, condo’s in Lower and Central Lonsdale areas and for townhomes, the Lynn Valley, Central and Lower Lonsdale neighborhoods. All property types sales-to-active ratio have been pretty much in Seller Market territory year-to-date. Below find…
Recent local real estate board data at the end of November, shows West Vancouver Residential Composite* Benchmark Price down -1.3% from a year ago, and North Vancouver up +6%. *all properties including single family dwellings, townhomes and apartment/condos In all housing markets, there are often, predictable ebbs and flows that happen each year. It’s…
Are you thinking of making a move? Let the following data from our real estate board help you with your decision making. September saw North Vancouver detached homes, condos and townhome sales increase +6%, +47.4% and +40% respectively, compared to same time last year. One-year change re MLS® HPI Benchmark Price improved +8.5%, +4% and…
North Vancouver June active listing inventory was down for all property types compared to the same month last year. The one year change was -22.9%, -16.8% and -17.9% for detached homes. condos and townhomes respectively. Review of June sales shows sales were up for houses and condos and down for townhomes from a year ago.…
Selling your house over the next few weeks might give you the best chance to be in front of buyers competing for homes while the number of properties for sale is still low! North Vancouver January residential inventory was down -46.48% from the 10-year January inventory average. JANUARY NV RESIDENTIAL INVENTORY NUMBERS PAST TEN…
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,…
