Upward pressure continues

Strong competition for North Vancouver detached homes continues to put upward pressure on prices.

The monthly MLS® Median Sale Price for North Vancouver homes has been holding in the past 18 months over a mil and the MLS® House Price Index (HPI) the past 12 months.  

$1,264,000 is the Median Price and $1,176,600 the MLS® House Price Index composite benchmark price for all detached homes in North Vancouver.

183 of the 853  North Vancouver homes sales in the first six months of this year sold for less than a million dollars; approximately 21%.  Still can buy a home for less than a million today as 35 of the 235 active listings are asking less than seven digits!

Here's the past six month snapshot of North Vancouver's unrelenting house activity: