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…
Through out the pandemic the MLS® Home Price Index (MLS® HPI) rose for all North Shore property types. North Vancouver MLS® HPI 2020 year average was up +6.9% from 2019 and West Vancouver was up +3.3%. 2021 NV detached home MLS® HPI year average was up +17.7% from 2020 and WV was up +17.1%. …
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…
One tool our real estate board uses to monitor supply and demand activity in the market is the sales-to-active listings ratio. When this ratio dips below 12% for a sustained period, it indicates the supply is outpacing the demand and prices typically decline as a result. When it surpasses 20% and for a sustained period,…
