Sales are up, listings are down, and for the first time this year our sales-to-active-listing ratio has increased. In spite of recent conditions, prices continue to subtly adjust in most markets with a few exceptions.
In West Vancouver, Vancouver’s Westside and Richmond, we saw record level price increases and all time highs this spring. Due to more selection and less demand, these values have dropped by about 6% in the past 6 months.
In North Vancouver, where pricing remained relatively stable throughout the year, the housing market remains strong in all areas. Detached sales have nearly doubled compared to last month and total inventory is also down. While condo sales have only increased slightly, the average ‘days on market’ has dropped from 76…
