2017 another year for sellers!

(January 09, 2018, posted in North Vancouver Strata)

North Vancouver 2017 townhome sales were down 11% from 2016, off 22% from 2015 however 5% above the 10 year sales average.

Total 2017 new listings numbers were comparable to 2016 and down 5% from 2015 and the 10 year average.

Throughout 2017 the prices of North Vancouver townhomes continued to rise!  The
  • House Price Index year average was up +15%, $931,267 for 2017 and $810,675 for 2016;
  • Median Sale Pr... read more.

Seller's market sustained throughout 2017!

(January 06, 2018, posted in North Vancouver Strata)

Our real estate board defines a seller's market when there are more people looking to buy then there are homes available.  This causes a rise in price above the long-term average rate of inflation.  Typically this is indicated by a sales-to-active listings ratio of 20% or higher.

North Vancouver's apartment sales-to-active listings ratio sustained in seller's territory for the twelve months of 2017!

2... read more.

upward pressure on pricing

(November 15, 2017, posted in North Vancouver Strata)

North Vancouver apartment sales were up approximately 16% from the month before , up 71% from October 2016 and 54% above the 10 year monthly average (81). 

The increase in apartment sales came despite total apartment listings down approximately 25% from October 2016.  

Sales to Active Listing Ratio, that is, absorption rate this October was 75%. Over a sustained period of time anything above 20% is con... read more.

townhomes popular pick

(October 13, 2017, posted in North Vancouver Strata)

There is no doubt that the largest challenge in today’s North Vancouver townhome market is a lack of townhome inventory for sale. 

 If you have considered selling your townhome recently, now may be the time to put it on the market! 

 Reach out to us to discuss.

prices keep edging up

(October 10, 2017, posted in North Vancouver Strata)

If you are considering a condominium to downsize to, sell and or invest,  reach out to us to learn your options & how best to tackle in today's market!