North Vancouver Strata ahead

(November 21, 2014 , posted in North Vancouver Strata)


The number of months of North Vancouver strata* inventory stood at 4.2 at the end of October 2014, down 5.0 recorded a year earlier.  The number of months of inventory is the number of months it would take to sell the current inventories at the current rate of sales activity.

*Strata includes apartments and townhomes

North Vancouver strata sales numbered 521 in October, up +21.78% from the month before and up +13.89% from October 2013.  Year-to-date (Jan to Oct) 1,122 strata units have sold, up +15.08% from same time frame last year and if the 2014 pace keeps up likely running ahead of 2013's 1,136 total!
 
At the end of October, Central Lonsdale and Lower Lonsdale neighborhoods accounted for approximately 52% of the inventory and 52% of the North Vancouver strata sale activity.
 
$450,000 was North Vancouver's October strata median sale price, up +5.88% from September and up +2.28 from the same month last year.



Since the beginning of the year the North Vancouver strata market pulse has been hanging mostly in the upper reaches of balanced market conditions and edging some months into Sellers'.
  • 15% January SRA
  • 21% February SRA
  • 16% March SRA
  • 17% April SRA
  • 20% May SRA
  • 23% June SRA
  • 18% July SRA
  • 18% August SRA
  • 18 % September SRA
  • 24% October SRA
As a past past president of a strata corporation I am very familiar with strata living as well as the buying and selling process.  Welcome your contact to assist with a purchase and or sale: june@juneconway.com or 604.360.1188

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