strata sales leading the market

(February 14, 2018, posted in North Vancouver Strata)

There were 3,540 North Shore residential sales in 2017.  77.5% of the North Shore residential sales were in North Vancouver, 2,746!  Furthermore, 62% of the 2,746 sales were attached, that is, apartments and townhomes.

North Vancouver strata sale numbers are leading the 2018 residential market!  

January breakdown of sales shows:
  • 76 North Vancouver apartment sales
  • 30 North Vancouver house sales
  • 25 North Va... read more.

more house selection

(February 12, 2018, posted in West Vancouver Homes)

In West Vancouver 15 January detached house sales were

  • down 28.5% from same month a year ago,
  • down 50% from the month before, December 2017 and
  • down 76% from the 10 year monthly sales average.
The 441 WV homes actively listed for sale at the end of this January was
  • up 14.5% from January 2017,
  • up 2% from December and
  • down 10% from the 10 year month inventory average.
WV January new listing totals, 136, was... read more.

short-term sales slowdown?

(February 10, 2018, posted in North Vancouver Homes)

North Vancouver January 30 house sales were

  • down 14% from January 2017, 
  • down 57% from December and 
  • down 67% from the 10 year monthly sale average.
End of January the 281 NV homes actively listed for sale was
  • up 6% from January 2017,
  • up 7% from December and
  • down 17% from the 10 year monthly inventory average.
North Vancouver January new listings totals,140 detached homes was
  • up 2% from January 2017,
  • up 198... read more.

North shore real estate market update ~ January 2018

(February 07, 2018, posted in North Shore)

In West Vancouver, there were 15 sales in the month of January. The sales to new listings ratio was 10% which represents a buyer’s market. For January 2018, the sales to total active listings percentage was 4%, a decrease from 6% in January 2017. Sales for January 2018 were down by 5 units compared to January 2017.

The West Vancouver listing inventory has decreased by 11 homes compared to December... read more.

dysfunctional real estate market

(January 27, 2018, posted in Vancouver Metro Real Estate)

Photo by Jelle Harmen van Mourik on Unsplash

Richard Wozny has produced 1,200 studies for the public and private sectors on more than $100 billion worth of real estate projects.

But the Vancouver-based commercial property analyst became acutely aware of the harsh indirect consequences of Metro Vancouver’s real-estate investment boom while being treated for non-smoking lung cancer at Lions Gate Hospi... read more.