Seller market conditions continues?

(March 24, 2018, posted in North Vancouver Strata)

Seller market conditions for North Vancouver apartments have been sustained month after month since  February 2015!

February apartment sales are down 6% from February 2017 but up 7% from the 10 year monthly average of 82 and year-to-date sales up 6.5%.

Apartment February new listings was up 16% from same month last year, up 19% from the month before and down 8% from the 10 year month average of 143... read more.

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.

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.