North Vancouver (NV) and West Vancouver (WV) commonality is location, that is, both are on Vancouver’s North Shore, however, their real estate markets differ! The two visuals that follow, for 2024 vs 2023, shows the level of inventory more often stronger in WV as well as the House Price Index, whereas sales numbers are more…
Our real estate board, Greater Vancouver Realtors® (GVR®) just released July stats and reports: newly listed properties registered on the Multiple Listing Service® (MLS®) rose nearly twenty per cent year over year in July, helping to sustain a healthy level of inventory in the Metro Vancouver1 housing market. On the demand side, the Greater Vancouver…
Metro Vancouver home sales registered on the MLS® remained below seasonal and historical averages in June. With reduced competition among buyers, inventory has continued to accumulate to levels not seen since the spring of 2019. The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,418 in June 2024, a 19.1 per…
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…
Actively listed homes for sale on the MLS® in Metro Vancouver1 continued climbing in April, up 42 per cent year-over-year, breaching the 12,000 mark, a number not seen in the region since the summer of 2020. Sales Greater Vancouver REALTORS® (GVR)2 reports that residential sales3 in the region totalled 2,831 in April 2024, a 3.3…
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…
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…
Our local real estate board reports ‘balanced conditions come to the Metro Vancouver housing market for the holiday season’. With one month left in 2023, a steady increase in housing inventory is offering home buyers across Metro Vancouver among the largest selection to choose from since 2021. The Real Estate Board of Greater Vancouver (REBGV)…
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…
In real estate months of inventory, MOI, is defined as the amount of time (or months) it would take for all current MLS® listings to sell given that no new listings enter the market. MOI is calculated by dividing the total number of homes for sale by the total number of homes sold for a…
