If you are wondering what’s going on with North Vancouver residential property prices, your definitely not the only one! With so much information out there for buyers and sellers, it is hard to figure out your next move. Find a ‘snapshot’ below to help clear things up and show you what’s really happening! For this…
Detailed stats were released by our local board, Greater Vancouver Realtors® (GVR®) showing North Vancouver May home sales and active listing numbers were strongest in the $2mil to $2.999mil; 59% and 44% respectively. NV neighborhoods with the most active listings and sales numbers included Lynn Valley, Boulevard & Upper Lonsdale house market, Lower & Central…
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…
The current housing market in Greater Vancouver presents a timely opportunity for astute buyers. As interest rates have risen over the past year, the average home price has experienced downward pressure, leading to a decrease in the average cost of housing and the potential to build equity in the longer term for those willing to…
Inventory remains low in Metro Vancouver while home sales dipped well below monthly historical averages in January. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,022 in January 2023, a 55.3 per cent decrease from the 2,285 sales recorded in January 2022, and a 21.1…
Our real estate board reports that residential property sales in West Vancouver was down approximately 34% and 13% from sales recorded in 2021 and 2020 respectively. Last year’s sales total was approximately 25% below the 10-year sales average. This sale activity trend was similar to North Vancouver. “The headline story in our market in 2022…
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…
B.C. Assessment Authority has updated its website for assessments of over two million B.C. properties! Go to bcasssessment.ca and search under the address to check out your home’s 2023 property assessment reflecting July 1, 2022 values. Assessor Bryan Murao says ‘Since July 1, we know that the real estate market has changed as interest…
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,…
