supply accumulating

(July 16, 2018, posted 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-line with the long term average of inflation.
Seller’s... read more.

seller market conditions wane or sustain?

(July 15, 2018, posted 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 dips below the 12% mark for a sustained period, w... read more.

selection increasing

(June 11, 2018, posted in North Vancouver Strata)

North Vancouver townhome sales in May totaled 36, down 14% from same month in 2017, similar to the month before and up 28.5% from the 10 Year Monthly Townhome Sales Average.  Year-to-date sales are similar to same period the year before, 143 and 141 respectively.

North Vancouver townhome new listings and end of month total active listings has increased each month as 2018 unfolds while monthly sale t... read more.

prices continue to push up

(June 09, 2018, posted in North Vancouver Strata)

North Vancouver's condominium (apartment ) market had 107 May sales and 215 active listings in the following price bands:

86..........$400,000 to $499,999 range
20..........$900,000 to $1499,999 range
1............$1,500,000 to 1,999,999 range

Active Listings
1..........$100,000 to $199,999 range
2..........$200,000 to $299,999 range
148......$400,000 to $899,999 range
51........$900,000 to $1,499,99... read more.

stronger market segment

(May 16, 2018, posted in North Vancouver Strata)

Townhome total April sales in North Vancouver were up 9.5% from April 2017, up 20.5% from month before and up 25% from 10 Year Monthly Sales Average.  Total townhome sales ended the month up 8% from first four months of 2017.

New listings during April increased 19.5% from April 2017, up 32.5% from 10 Year Monthly New Listings Average. Townhome inventory total end of April was up 45.5% from April 201... read more.