It's steamy on the north shore

(October 24, 2015 )



Vancouver's North Shore, West Vancouver and North Vancouver real estate market 'steam' vary according to property type.

The sales-to-active listings ratio in September was
  • 46% for North Vancouver detached homes (29% in January, 42%,in February, 60% in March, 55% in April, 49% in May, 50% in June, 46% in July, 47% in August, and 46% in September),  
  • 13% for West Vancouver detached homes (11%, 23%, 19%, 20%, 18%, 18%, 14%, 16%, 13%),
  • 92% for North Vancouver townhomes (22%, 46%, 58%, 58%, 49%, 77%, 62%, 50%, 92%), 
  • 46% for West Vancouver townhomes (19%, 11%, 44%, 24% 30%, 40%, 10%, 16% 46%), 
  • 32% for North Vancouver apartments (16%, 21%, 31%, 23%, 26%, 30%, 33%, 28%, 32%) and
  • 24% for West Vancouver apartments (7%, 23%, 16%,17%, 24%, 15%, 16%, 12%, 24%).
Generally, analysts say that downward pressure on home prices occurs when the ratio declines below the 12% mark, while home prices often experience upward pressure when it reaches 20% for a sustained period of time.

Throughout this year the number of North Vancouver detached homes and townhomes listed for sale hasn't been keeping up with the demand.  It's this dynamic that's placing upward pressure, for example on North Vancouver's detached home and townhome market.

Take a closer look at the North Shore's real estate market dynamics:



For more information on North Shore real estate, statistics, and buying or selling a home, contact:

June Conway
june@johnjennings.com
604-828-7888

My pleasure to hear from you!

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