Are the Lions Sleeping in North Vancouver
Posted November 28th, 2009 in Neighborhood Numbers, North Vancouver
North Vancouver Detached 30 Days
North Vancouver Detached real estate market during the past 30 day period of October 29,2009 to November 28,2009, seems in step with with a number of neighbourhoods, on the east and west side of Vancouver (see back posts). Unlike the Lions prominently captured in this picture taken last summer from the PNE grounds, Vancouver’s North Shore real estate mareket is witnessing a modest change.
A peek at the North Shore detached average and median prices reveals a drop from the previous 30 day period, about 6% and almost 4% (rounded) respectively. Notable is that almost one half (92), of the 219 Active Listings posted price reductions.
Numbers
FOR SALE
| FOR SALE |
This Month |
Last Month |
| Total Listings |
308 |
340 |
| Total Active Listings |
308 |
340 |
| Average Active Listing Price |
$1,169,904 |
$1,169,904 |
| Median Active Listing Price |
$1,019,000 |
$1,019,000 |
EXPIRED
| Expired Listings |
10 |
12 |
| Average Expired Price |
$1,147,200 |
$1,081,225 |
| Median Expired Price |
$1,104,000 |
$1,239,400 |
SOLD
| SOLD |
63 |
102 |
| Sold Average ASKING Price |
$941,046 |
$999,105 |
| Sold Average Sale Price |
$922,843 |
$980,031 |
| Median Sold ASK Price |
$941,046 |
$892,000 |
| Median Sold Sale Price |
$855,000 |
$888,500 |
HIGH/LOW
| Highest Active List Price |
$6,500,000 |
| Lowest Active List Price |
$118,000 |
In the Village
North Vancouver’s numbers stir memories of lyrics from the Lion Sleeps Tonight.
Near the village,
the peaceful village
The Lion sleeps tonight.
Hush my darling,
Don’t fear my darling,
The Lion sleeps tonight.
Alert, we stand near the village of Edgemont. In the wind, are heard noises creating concern and a sense of change.
North Vancouver’s real estate during this past 60 days require reflection. Sales are down from 102 to 63 – average and median prices are down, canceled listings are up from 7 to 16.
Were it possible to change numbers to sound, such a result might lead you to ask – are these sounds heard a Lion’s snore as he sleeps or, are they his first breath, a beginning if you will, of his roar?
*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.
Larry,
Great data, thank you.
Are you of the view that this market is going the way of Dubai?
Not Garth,
Welcome,
Dubai = North Vancouver – Wow!
Used to watch a TV show called the Outer Limits.
With due respect – responding to any question regarding the similarity between the two might garner high ratings on that show.
Thanks Larry. Heading in the right direction.
$6.5 Million in North Vancouver! WTF.
Nicholas Cage bought a castle in Germany and a Private ISland in the Bahamas and still had change from $5 Million!
We are truly living in the twilight zone…
Fish
Right Direction? It depends on which side of the coin your on.
As to WTF! Courtesy of Robin Cameron the listing agent, watch this and live large –
http://www.vopenhouse.ca/vid/4994_SeaShells/Gallery/
It might explain the $6.5. BTW it was $5.5mil originally.
Yes poor Nick. Suffer he will because he won’t have the Olympics in his back yard. Come to think, of it he won’t have to pay for it either.
Left he will be to contend with constant sunny warm sea breazes. How much fun can that be every day?
Well I wouldn’t want to own that house if the sea levels start rising. But no worries, it is a tad outside of my pay-scale.
Fish
LOL there yah go thinking negative again!
Re sea level – On the bright side you wouldn’t need a boat to go fishing. Just sit on your deck and watch them jump right on to the BBQ.
As to pay scale me thinks a lot of people in this town face similar hurdles. However, I have no doubt there is a mortgage broker out there who will take the first child as a down payment.