July 2018

supply accumulating

Posted on Jul 16, 2018 in North Vancouver Strata

North Vancouver's (NV) townhome and apartment market sale activity  year-to-date has been holding in seller's territory.
The sales-to-active listings, over a sustained period of time determines the market:
Balanced Territory
A balanced market occurs when the sales-to-active listing ratio is between 12-19%. In a balanced market prices should rise in-lin...

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seller market conditions wane or sustain?

Posted on Jul 15, 2018 in North Vancouver Strata

North Vancouver (NV) apartment market has sustained 'seller market conditions' month after month since February 2015!  

Recent MLS® stats indicate reduced demand and increasing apartment supply will seller market condition wane or sustain for the balance of the year?

Generally, analysts say that downward pressure on property prices occur when the ratio...

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Market similarities & differences

Posted on Jul 14, 2018 in North Vancouver Homes

Real Estate Board of Vancouver statistics show market similarities between North Vancouver and West Vancouver detaches homes.  Both experiencing six months of declining sale numbers and increased number of homes listed for sale at the end of each month compared to 2017.

However at this time the sales-to-active listings ratio has sustained since the b...

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Posted on Jul 13, 2018 in West Vancouver Strata

West Vancouver's townhome market slowdown is not unlike what detached homes and apartments sale activity have experienced looking at Real Estate Board of Greater Vancouver (REBGV) statistics year-to-date.

Sale and active listings for West Vancouver (WV) townhomes are limited in contrast to North Vancouver (NV).

REBGV breaks down both West and North V...

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shift in the market

Posted on Jul 12, 2018 in West Vancouver Strata

Statistics from the Real Estate Board of Greater Vancouver show that West Vancouver's apartment listings month after month trending up and sales declining, indicative of a shift in WV's apartment market.

The absorption rate, sales-to-active listing ratio for WV apartments has varied each month since the beginning of the year.

Generally, analyst say t...

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significant pullback in activity

Posted on Jul 11, 2018 in West Vancouver Homes

West Vancouver detached 2018 monthly home sales were well below each month in 2017. 

Year-to-date sales end of June were down 45% from 2017, a significant pullback in sale activity!  In addition, upon reviewing stats as far back as 1987 for the same time frame , 2018 YTD  sale activity totals came up the lowest!

Stats compiled by the Real Estate Board o...

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