pretty darn good gains

(May 07, 2015 , posted in North Vancouver Strata)


Apartment sale activity in North Vancouver was pretty darn good for April. Up 41.5% over the Ten Year Monthly Average, up about 51% over April 2014 however down from March by approximately 23%. 

March 2015 sale activity total of 141 carved out a new record for monthly sales since March 2005's 147 total!

April price gains were highest for North Vancouver Detached Homes year-over-year in comparison to North Vancouver apartments, 15.7% versus 5.7% respectively:

MLS® HPI
Apartments
$371,800 April 2015
$351,600 April 2014
Detached House
$1,138,300 April 2015
$983,700 April 2014

The number of months of apartment inventory is important measure between apartment supply and demand.  It represents the number of months it would take to completely liquidate strata inventories at the current rate of sales activity.

There were 4 months of inventory at the end of April, down quite a bit from the past fifteen months but up from 3.2 months in March.


2015 shows the North Vancouver strata market flirting with Sellers Market conditions for a couple of months so far.



Here more interesting numbers on North Vancouver's apartment activity this past month...

blog comments powered by Disqus