After reaching record setting levels for many North Shore property types, last year home sale activity has returned to more typical, seasonal levels this Spring due in large part to rising interest rates. On the North Shore, REALTOR®s registered 287 North Vancouver and 69 West Vancouver home sales on MLS® in May. This is a…
Based on sales to active listings West Vancouver house market has been trending in the vicinity of buyer and balanced market territory since April 2021 and apartments since June 2018. WV townhome SAR (Sales-to-Active Listings Ratio) market trend line is erratic and not really reliable as a result of insufficient monthly sale and active listing…
The housing market, like most markets, is cyclical. These cycles can be greatly influenced by a number of factors, including interest rates, economic conditions and consumer confidence, which can create a shortage or surplus in housing. A seller’s market happens when there’s a shortage in housing or more potential buyers than homes. A buyer’s market,…
West Vancouver total active listing numbers for all property types was up this April from the month before; +10.9% for detached homes, +44.4% for condo’s and +18.2% for townhomes. However one-year change was down for all property types, -10.1%, -22.6% and -50% for detached homes, condos and townhomes respectively. WV April residential sale numbers was…
March home sale activity in Metro Vancouver’s housing market remained elevated while down from last years record numbers. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 4,344 in March 2022, a 23.9 per cent decrease from the 5,708 sales recorded in March 2021, and a 26.9…
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…
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,…
In West Vancouver, there were 41 sales in the month of December. The sales to new listings ratio was 113%, which represents a very strong seller’s market. For December 2021, the sales to total active listings percentage was 14%, a decrease from 18% in December 2020. Sales for December 2021 were down by 12 units…
Mortgage interest rates, inflation, employment, investment, construction, immigration, government assistance programs, and the health of local and world economies are factors that can impact the housing market. All of these influence the supply and demand of the market which, in turn, affects prices. There are three classifications experts use to describe the balance of supply…
There is more than one measure to determine how a real estate market doing. For example, months of inventory, sales-to-active listings ratio, new listings-to-sales ratio, days on the market, and house price index. MOI or Months of Inventory is a measure of how fast all the actively listed property types on the market last. You…
