Community SnapShot Series – North Vancouver

Day 4 – North Vancouver

This is the fourth of seven installments where we visit seven communities that form part of the Vancouver Real Estate market. The seven communities that are reviewed include Coquitlam, Burnaby, Vancouver East, Vancouver West, North Vancouver, West Vancouver and Richmond.

Today, we look at the North Vancouver detached market.

During the two periods July 26, 2010 to August 25, 2010 and August 26, 2010 to September 25, 2010, detached properties in the North Vancouver community had these results.

Listings

Total Listings decreased from Jul/Aug’s 481 to Aug/Sept’s 456.

Sales

Sales hit a bump on its way down from Jul/Aug’s 62 to 31 in Aug/Sept.

Expired, Reductions, Increases, Days on Market

  • Jul/Aug’s had 31 listing mandates expire increasing to 37 in Aug/Sept.
  • Price reductions in Jul/Aug were 165. They decreased to 152 in Aug/Sept.
  • There were 2 price increases in Jul/Aug and 1 in Aug/Sept.
  • It took 56 days to sell a home in Jul/Aug. DOM decreased to 44 in Aug/Sept.

Average and Median Prices

  • Jul/Aug’s Average Ask price was $938,651. The Average Asking price increased in Aug/Sept to $958,367.
  • The Median Ask price in Jul/Aug was $891,950. This increased to $899,900 in Aug/Sept.
  • The Average Sold price in the Jul/Aug’s was $914,572. In Aug/Sept this increased to $939,322.
  • The Median Sold price in Jul/Aug’s was $875,000. In Aug/Sept the Median Sold increased to $895,000.

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.

Reader Comments:

Mike Says:
September 28th, 2010 at 5:18 am

Crashing sales and rising prices, what a contradiction. I guess nobody is buying entry-level housing. No First Time Buyers is deadly for the real estate market.

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