Count Down – Day Three

Day 3 – North Vancouver

Three days remain in July. In this the third installment of six posts we continue to seek a sense of the market segments in Vancouver’s real estate prior to the month end accounting.

Each day the series will travel around Vancouver to explore all areas of North Vancouver -North,South,and East, North Vancouver, North Vancouver, West Vancouver, Vancouver East and Vancouver West. Our exploration will center on detached homes and their market performance during the same 30 day periods – May 25 to June 25 and June 25 to July 25.

Today we visit North Vancouver.

In the two periods May 25, 2010 to June 25, 2010 and June 25, 2010 to July 25, 2010, detached properties in the North Vancouver neighbourhoods had the following results.

Listings

Total Listings decreased units from May/June’s 547 to June/July’s 501.

Sales

Sales decreased from May/June’s 101 to 48 in June/July.

Expired, Reductions, Increases, Days on Market

• May/June had 24 listing mandates expired increasing to 31 in June/July.
• Price reductions in May/June were 215 decreasing to 196 in June/July.
• There were 3 price increases in May/June and 4 in June/July.
• It took an average of 34 days to sell a home in May/June. This remained steady in June/July.

Average and Median Prices

• May/June’s Average Ask price was $970,054 decreasing to $879,141 in June/July.
• The Median Ask price in May/June was $849,900 decreased to $829,450 in June/July.
• The Average Sold price in the May/June was $942,804. In June/July this dropped to $859,953.
• The Median Sold price in May/June was $850,000. In June/July this dropped to $815,000.

Looking Ahead

Day 4 we will leave North Vancouver and make our way across the Capilano River to West Vancouver. Expect a change!

Photo Credit