momentum slowing

(September 10, 2018, posted in North Vancouver Homes)

North Vancouver's house market momentum over the past eight months has been showing signs of slowing.  Year-to-date monthly sale activity totals are below for the same months in 2017.  In addition below the 10 Year Monthly Sales Average of 92.

                 2018 versus 2017              DOWN
August    32                  75                    -57%
July           52                  81                   -36%
June         79                  122                  -35%
May          90                  139                 -35%
April         78                  110                 -20%
March      66                  98                   -33%
February 58                  88                   -34%
January    30                 35                    -14%

Th... read more.

Market similarities & differences

(July 14, 2018, posted 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 beginning of the year in 'balanced territory' for N... read more.

sales down & listings up

(June 08, 2018, posted in North Vancouver Homes)

One of the metrics that tell us whether we are in a buyer's, seller's, or balanced market is the Sales-to-Active Listings Ratio also known as Absorption Rate. It tells us the rate at which properties are selling. Expressed as a percentage, it's calculated by taking the total number of sales at the end of a given time period (usually the past 30 days) and dividing it by the total number of active l... read more.


(May 08, 2018, posted in North Vancouver Homes)

In North Vancouver total house sales were down 30% this April from April 2017 and down 16% from the Ten Year Monthly Average respectively.  Not unlike the West Vancouver house market, North Vancouver home sales experienced their fourth straight month of declines year over year.

New listings during April were up 49% from the same time last year, while total listings ended the month up 44.5% from Apri... read more.

greater market balance

(March 28, 2018, posted in North Vancouver Homes)

In North Vancouver February sale totals for detached homes decreased 34% from February 2017 and 37% below the 10 year monthly sales average of 92.  Furthermore, total year-to-date home sales at the end of February were down 28.5% compared to same two months last year.

New house listings increased 10.5% and total active listings at month-end were up 26%. At this time, this has resulted in greater bal... read more.