North Vancouver strata pulse

(August 15, 2014 , posted in North Vancouver Strata)



Since the beginning of the year the North Shore's North Vancouver strata market pulse has been hanging mostly in the upper reaches of balanced market conditions:
  • 15% January SRA
  • 21% February SRA
  • 16% March SRA
  • 17% April SRA
  • 20% May SRA
  • 23% June SRA
  • 18% July SRA

West Vancouver strata market pulse has not been following North Vancouver's balanced market trend.  Instead West Vancouver strata market has been pretty much in buyers' market territory:
  • 11% Sales Ratio average (SRA) in January meaning that 1.1 in 10 strata homes selling
  • 13% February SRA
  • 10 % March SRA
  • 14% April SRA
  • 14% May SRA
  • 16% June SRA
  • 13% July SRA
Both North Vancouver and West Vancouver realized steady monthly increases in strata seller and buyer activity since the beginning of the year however monthly listing supply and sales softened in July, -22.63% and -20% respectively from the month before.  

Coincidentally June was the strongest strata home selling month year-to-date for both North Vancouver and West Vancouver, 137 and 25 sales respectively.



July's 106 North Vancouver condominium and townhome sales were found in the following neighborhoods:
  • 29 Lower Lonsdale
  • 15 Central Lonsdale
  • 12 Lynn Valley
  • 12 Pemberton
  • 8 Roche Point
  • 5 Lynnmour
  • 4 Upper Lonsdale
  • 4 Westlynn
  • 4 Deep Cove
  • 3 Indian River
  • 2 Seymour
  • 2 Norgate
  • 2 Hamilton
  • 1 Edgemont
  • 1 Grousewoods
  • 1 Northlands
  • 1 Pemberton Heights
and West Vancouver's 25 included:
  • 11 Ambleside
  • 2 Dundarave
  • 2 Panorama Village
  • 1 Cypress Park Estates
  • 1 Deer Ridge
  • 1 Park Royal
  • 1 Howe Sound
Compared to the month before, North Vancouver's $446,000 July strata median sale price was down -0.45% whereas West Vancouver's $840,000 was up +1.20%.



If you are out shopping for a condominium or townhome the North Shore neighborhoods with the greatest selection of strata homes for sale at this time are in North Vancouver's Lower Lonsdale, Central Lonsdale, Pemberton, Hamilton, Lynn Valley and West Vancouver's Ambleside, Dundarave, Park Royal, Panorama Village, Whitby Estates!

Welcome your contact to 'max' on a North Shore strata purchase and or sale:
June Conway
RE/MAX Masters Realty

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