Closer to Affordability

Opposites

North Vancouver detached market prices were a direct counter to the higher priced market of its cousin West Vancouver.

Listings

March’s listing count of 376 was 10 units higher than February’s 367.

Sales

69 homes sold in the February period and increased to 74 in March.

Expired, Reductions, Increases, Days on Market

  • February saw 4 listing mandates expire. In March, that number increased to 8.
  • February’s price reductions were 66 climbing to 69 in March.
  • Price increases were steady at 1 for both months.
  • February’s Days on Market seemed high at 32 then dropped to 21 in March.

Average and Median Prices

February’s Average Ask price recorded $974,382 and saw a nicely skewed increase to March’s $1,010,445. The Median Ask price in February was $858,000 rising a little to March’s $899,450.

The Average Sold price recorded in February was $963,893 increasing to March’s Average Selling price of $998,613. The Median sold prices followed the average prices with February recording $858,000 increasing March’s $899,450.

Thoughts

North Vancouver’s intense rains have exposed some gold in it’s numerous creeks. Though not worthy of fireworks, the North Vancouver detached real estate market out performed the more upscale cousin to its west. Compared to the residents of West Vancouver, the North Van-ites cross the Second Narrows – Iron Workers Bridge while casting their glance at their more modest homes with a smile.

The less luxurious homes of North Vancouver supports speculation that this market’s price range may refect a closer alignment to perceived or actual affordablility.

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

When Life Moves You - contact Larry:

*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

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