market conditions vary

(November 18, 2017, posted in North Shore)

Real Estate market conditions continue to vary significantly based on property type.

West Vancouver October house sales were up a bit from October 2016, 29 and 23 respectively, down from September's 35 and approximately 54% below the 10 year October average of 64 sales. 
October new listings were up from last year, 149 versus 119 and approximately 13% above the 10 year Oct average of 132.
West Vancou... 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.

best investing bets?

(November 13, 2017, posted in Tips)

The rapidly growing city of Surrey is once again ranked as the best bet to invest your buck in real estate, according to an annual ranking by the Real Estate Investment Network (REIN).

The 2017 survey identifies the top 10 cities in the province for real estate investment, based on REIN’s research. REIN’s methodology includes “all economic and demographic fundamental key drivers combined with the c... read more.

good time to take advantage

(November 08, 2017, posted in North Vancouver Homes)

While North Vancouver detached houses saw an increase in sales over Oct 2016, up 30.6%, they fell behind the 10 year monthly average (93 sales) by approximately 13%. The absorption rate was 22%,, fringe of a seller's market, edging towards a balanced market (a balanced market is indicated by a sales-to-active listings ratio between 12% and 20%). 

North Vancouver's October Home Price Index of a singl... read more.

firmly a buyer's market

(November 05, 2017, posted in West Vancouver Homes)

Several factors influence the housing market, including mortgage interest rates, inflation, employment, investment, construction, immigration, government assistance programs, and the health of local and world economies. All of these influence the supply and demand of the market which, in turn, affects prices.

There are three classifications experts use to describe the balance of supply and demand i... read more.

greater market balance

(November 01, 2017, posted in North Shore)

In West Vancouver, there were 29 sales in the month of October. The sales to new listings ratio was 19% which represents a buyer’s market. For October 2017 the sales to total active listings percentage was 5%, representing no change from 5% in October 2016. Sales for October 2017 were up by 7 units compared to October 2016.

The West Vancouver listing inventory has increased by 9 homes compared to... read more.